Total Loan Company
in Personal Loans from Total Loan Company
Would you recommend Total Loan Company to your friends?
| 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.
| 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.
| 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:
| 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
Contact
- Headquarters
-
479 E Business Center Drive
Mount Prospect, IL 60056 USA
Message from Total Loan Company
About Total Loan Company
Availability
- Illinois
- Missouri
- South Carolina
- Utah
Total Loan Company Community Reviews
Would you recommend Total Loan Company to your friends?
