PersonalLoans.com is a financial company which deals in networking lenders and lending partners with personal loan seekers. The online service of the company allows one to apply for and receive loans each ranging from $1000 to $35000. The purpose of this can be a family vacation, home renovation, debt consolidation, medical expense, or auto repair. Trustpilot gave PersonalLoans.com a rank of 210 out of 345 non-bank finance companies, and a TrustScore of 8.3 out of 10.
The company, through its online platform, mainly acts as a bridge between lending partners and clients. The term of repayment of a loan is anywhere from 90 days to 72 months. Besides personal loans from PersonalLoans.com, you can also get lines of credit from lending partners of the company. The firm is a member of OLA (Online Lenders Alliance). Peer-to-peer loans, bank personal loans, and personal installment loans are offered by this service. The major requirements which they extend before approving a loan include age, residency status, ID, bank account, income, and credit type. It is the state, creditworthiness, lending partner, and lenders that decide the loan amount, repayment term and APR for you. PersonalLoans.com enforces higher rates and charges additional fees for loans from tribal lenders.