Consumer Loans
There are many types of consumer loans that you can get. Anything from a home mortgage or car loan to a personal one or payday one. If there is something that you want and don’t have the cash ready for it, you can get money for it.
There are many lenders out there, too, so you can find just the right product to fit your needs. You can check online at places like https://forbrukslånlavrente.com to find you a lender, as well. This place knows how to find just the right product for you.
This article will share some of the places that you can get consumer loans for your needs. It will tell a little about each product so you can choose just the right one. You can also do more research and possibly find more lenders with lower interest rates.
Loans
1. SoFi
This lender is good for you if you need a large loan up to $100,000 and you have good credit. If your credit score is in the upper 600’s, you have a great chance of qualifying for this loan. You can even stretch it out to 7 years if you need to in order to get your monthly payments down. They don’t have any origination fees or prepayment penalties for you. You can have the money transferred to your account the same day that the loan is approved. SoFi has unemployment protection if you happen to lose your job during the term of the loan.
2. LightStream
LightStream has a loan calculation tool that allows you to check APRs, monthly payments, different term lengths, and purpose of your loan. They have no fees and no prepayment penalties for paying off your loan early. You can borrow up to $100,000 and have a term of up to 144 months. They will put your money in your bank account the same day as they approve your loan. You must have excellent credit to get the best terms for the loan, it should be in the upper 700’s.
3. Marcus by Goldman Sachs
Marcus gives you the option to defer a payment after you have paid on time for 12 months. This can give you some flexibility when you need it. The payment will be added to the end of your loan agreement so you will still have to pay it, including interest. You must give more than two week’s notice if you want to use this option. They have no extra fees or prepayment penalties if you want to pay your loan of early. This one is also good for people who have credit scores that are above 700. They will give you up to $40,000 and you have a payment term of up to six years.
4. PenFed Federal Credit Union
If you need to borrow just a small amount, you can go to PenFed Federal Credit Union. They give loans as small as $600 and up to $50,000 so they can help with all your needs. You will need to be a member of the credit union before you can apply, but that is just a small fee to join. There are no origination fees with this loan or prepayment penalties. Your loan will be funded within two days of having it approved. You will need a credit score of at least 680 to qualify for this loan, and you will have a lower interest rate if your score is higher than that.
5. Wells Fargo
This is good for Wells Fargo clients because the lender will offer you a 0.25% relationship discount for you. You will need to qualify for this discount, and you should have a credit score of over 680 to get the best interest rates. You can borrow up to $100,000 and have up to seven years to pay it off. There are no origination fees and no penalties for prepaying your loan.
6. Happy Money
If you want to consolidate your debt and put it all into one loan so you have a lower payment each month, try Happy Money. Once they have approved your loan for you, they will pay your creditors for you. They do have a small origination fee of up to 5%, but they do not have prepayment penalties. You can borrow up to $40,000 and have up to seven years to pay it off. You can’t have any delinquent accounts on your credit history to qualify for this loan, and you need a credit score of at least 640.
7. Discover
If you have doubts as to whether or not you need the money, you can go to Discover. They will give you the money and then give you 60 days to decide if you want to use the loan money. You will not be charged any fees if you give all the money back before the 60 days. These loans have no origination fees or prepayment penalties. You can borrow up to $35,000 and have up to five years to pay it off. Discover can also pay off your creditors if you are borrowing the money for debt consolidation.
Conclusion
There are all types of loans that you can get with low interest, especially if you have a credit score in the upper 600’s and above. Most of them have no origination fees and most have no prepayment penalties. You can find the loan that best fits your needs from this list, or use this list to get a jumpstart on your research. You can also find many other lenders online or in brick-and-mortar buildings.
There are consumer loans for just about any purpose, but most of these are personal loans that you can get up to $100,000 if you have the right credit history. Most of these loans will be paid off in less than 10 years. You will also have your money deposited into your bank account within a day or so of being approved.
You will want to be careful when looking online for a good loan. There are many scammers out there and they will take advantage of you if they can. You just have to remember that if it sounds too good to be true, it probably is. Do not fall for someone asking for money upfront and wanting to be paid in gift cards or prepaid credit cards. These are signs of a scam, and you should run away as fast as you can. There are more scams out there, so you just have to be on the lookout for them.