How it works
A common question we get is: how much will I be charged for taking out a personal loan? The answer is simple and a bit complicated at the same time. Your fee will be based on the APR (Annual Percentage Rate) of your loan.
Once you have submitted the information required in our quick and easy form, HonestLoans will attempt to connect you with a lender. If you are connected with a lender, you will receive an answer almost instantly in less than 5 minutes in most cases, unlike with other traditional banking institutions that may take days. If you are connected with a lender, you will be automatically redirected to the lender's website where you should review the terms and conditions of your loan. You may also be contacted by your lending provider who will confirm you information and finalize your loan.
If you do not agree with any part of the terms and conditions of your loan, notify your lender before finalizing your loan. Your lender may contact you by phone or email. Be sure to respond in a timely manner in order to gain access to your funding as soon as possible.
Finally, personal loans are meant to be used as a short term solution only, please borrow responsibly.
Loans in the amount of or under $50,000 are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help.