Total Loan Company

Total Loan Company

in Personal Loans from Total Loan Company


Total Loan Company


in Personal Loans from Total Loan Company

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Community Rating Strongly recommended
Loan Amount $750 - $2,500
APR (Fixed APR) 99% - 199%
Loan Term (Months) 9 - 24

Total Loan Company Review

Total Loan Company is a personal loan offering by Total Loan Company, a direct lender based in Mount Prospect, IL. Founded in 2013, Total Loan Company offers access to personal loans in 4 states across the USA.

What rates and terms does Total Loan Company offer?

Total Loan Company has higher interest rates than the average for lenders reviewed on SuperMoney.

What personal loan APRs does Total Loan Company offer?

Total Loan Company offers a fixed APR personal loan product that ranges from 99% APR up to 199% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via Total Loan Company?

Loan amounts start at $750 and go up to $2,500.

What can a personal loan from Total Loan Company be used for?

Personal loans from Total Loan Company are typically used for special purchases, weddings, medical expenses & procedures or similar purposes.

What is the maximum loan term you can get with Total Loan Company?

Total Loan Company offers personal loans with terms ranging from 9 to 24 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Total Loan Company Rates & Terms
Loan Amount $750 - $2500
Loan Term 9 - 24 months
APR 99% - 199%

What fees does Total Loan Company charge?

Does Total Loan Company charge an origination fee?

Total Loan Company does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Total Loan Company charge a late fee?

Yes, Total Loan Company may charge borrowers a late payment fee

Does Total Loan Company charge prepayment fees?

No, Total Loan Company does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

Total Loan Company Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for a loan with Total Loan Company?

Applicants with a credit score of at least 550 can apply for a loan via Total Loan Company . The minimum age to apply for a loan is 22 or the state minimum, whichever is higher.

To qualify for a Total Loan Company loan, applicants need a minimum annual income of $18,000 or higher. Total Loan Company only considers borrowers who are employed and meet the minimum income requirement.

Active duty servicemembers and their covered dependents cannot apply for a loan via Total Loan Company. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid checking account
  • Recent pay stubs
  • Total Loan Company Eligibility Criteria
    Minimum Age 22
    Bank Account Required? Yes
    Joint Applications Accepted? Yes
    Credit Score 550 - 620

    What is the estimated funding time for a personal loan via Total Loan Company?

    Total Loan Company will typically approve (or deny) a loan application within 1 hour and fund personal loans within 2 business days of approval.

    Does Total Loan Company report loan payments to credit bureaus?

    Total Loan Company may report credit data to the following credit reporting agencies:

    • Clarity
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    • Headquarters
    •   479 E Business Center Drive
      Mount Prospect, IL 60056 USA

    Message from Total Loan Company

    TLC is a highly rated installment loan company seeking to offer subprime borrowers a better opportunity than a payday loan. TLC is licensed in each state it operates and follows each states laws. Get off the payday grind, get rid of overdraft fees and get a real loan to pull you through tough times. We encourage you to pay off your loan with us early and we do not charge a prepayment fee. If your car is broken down, or you only need some cash, look to TLC as your preferred lender of choice!

    About Total Loan Company


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      Available in 4 states
    • Illinois
    • Missouri
    • South Carolina
    • Utah

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    Minimum Age 22
    Credit Score Range 550 - 620
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Minimum Annual Income $18,000
    Bank Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    Joint Loan Applications Accepted
    • Individual Applications
    Verification Documents Required
    • Recent Bank Statements
    • Recent Pay Stubs
    Loan Amount $750 - $2.5K
    Loan Term (Months) 9 - 24
    APR (Fixed APR) 99% - 199%

    Total Loan Company Community Reviews


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