Is True American Loan Installment Loan the right fit for you?
Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
4.95% - 35.95%(Verified 09/20/2024)
Amount Range
$100 - $5,000
Loan Term (Months)
N/A
True American Loan Installment Loan Review
True American Loan Installment Loan is offered by True American Loan, a marketplace lending platform founded in 2022 and based in , . True American Loan Installment Loan are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- APRs starting at 4.95%. Personal loan interest rates typically range between 9% and 36%. The starting rates for True American Loan Installment Loan are on the lower end of the spectrum.
- Fast access to funds. If approved, True American Loan will send the money in as little as 24 hours.
True American Loan Installment Loan Pros & Cons
| Pros | Cons |
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True American Loan Installment Loan FAQ
What interest rates and personal loan terms does True American Loan Installment Loan offer?
True American Loan Installment Loan has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does True American Loan Installment Loan offer?
True American Loan Installment Loan offers a fixed APR personal loan product that ranges from 4.95% APR up to 35.95% APR.
How much can you borrow via True American Loan Installment Loan?
Personal loan amounts start at $100.00 and go up to $5,000.00
| Personal Loan Amount | $100.00 - $5000.00 |
| Loan Term | N/A |
| APR | 4.95% - 35.95% |
What fees does True American Loan Installment Loan charge?
Does True American Loan Installment Loan charge an origination fee?
True American Loan Installment Loan may charge a personal loan origination fee .
Does True American Loan Installment Loan charge a late fee?
True American Loan Installment Loan does not disclose whether it charges late payment fees.
Does True American Loan Installment Loan charge prepayment fees?
No, True American Loan Installment Loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | No |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for True American Loan Installment Loan?
True American Loan Installment Loan does not require or does not disclose a credit score minimum. The minimum age to be eligible is 20 or the state minimum, whichever is higher. True American Loan Installment Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by True American Loan Installment Loan.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking or savings account
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
| Minimum Age | 20 |
| Bank Account Required? | Yes |
| Application Types Accepted |
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| Credit Score | N/A |
What is the estimated funding time for a personal loan via True American Loan Installment Loan?
True American Loan Installment Loan will typically fund loans starting at 1 business day of approval and clearing necessary verifications.
Does True American Loan Installment Loan report your account activity to credit bureaus?
Yes, True American Loan Installment Loan reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does True American Loan perform a hard credit pull?
Yes, True American Loan Installment Loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are True American Loan Installment Loan legit?
True American Loan was founded in 2022. It is an established company that has been in business for 4 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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