Your Loan Is Few Steps Away!
Need a Personal Loan to meet your requirements
- Flexible Repayments
- No additional hidden charges
- Quick money transfer
- Robust Data Security
- Flexible Repayments
- No additional hidden charges
- Quick money transfer
- Robust Data Security
Why Choose Loansmee for Personal Loans
Some of the common reasons for choosing us:
Top-notch data
security
Streamlined and transparent processing
No additional hidden charges
Flexible terms and repayments
Representative example:
How it Works
Our process of lending is very easy, you just have to follow our step-by-step guide provided below:
- Get connected to a lender
- Review the offer and terms
- Apply for the offer
- Get approved from the lender
- Get funds credited to your bank account
- Use funds as per your requirement but use them wisely
- Repay in easy installments as per the terms
Common use of Loans
Consolidating debts
You can pay off your pilled-up dues of credit
cards by taking your personal loan at potentially
lower interest.
Finance a New Car
You can purchase your dream car easily by
getting it financed by us and pay off in easy and
small installments.
Financing life’s biggest events
If you do not want to deplete your savings on
your big event, no worries. We’ve got you
covered, get a portion of it financed through.
Unexpected Expenses
Unexpected situations can arrive anytime, so be
ready to fight the battle of finances with our
curated personal loan offers.
Requirements to get eligible for our loan
- You must have attained the age of 18 years
- You must have a valid checking account in your name
- You need to be a resident of the USA
- You must have a valid email address
- You must have valid contact details
- You must have a strong employment history.
- You should have a regular income
Testimonials
Features of our Personal Loan
- You can get eligible for any amount ranging between $1,000 to $25,000 depending upon different criteria.
- You can repay it within the flexible term ranging from 12 months to 84 months.
- You will get the funds credited to your account within 1 business day.
Different types of loans that are available
Frequently asked questions
A personal loan can be defined as an unsecured lending that can be borrowed from either a credit union or a bank to cover different sorts of expenses. It comes with an interest rate, which you can pay off through a fixed monthly installment over the period.
It is advised to take a personal loan to pay off your credit cards if the interest rates charged are lower than that of the credit card and you have a repayment plan in your mind. But you have to be careful by not to rack up more debts from the credit cards. You can also explore the other options for paying off your credit cards.
Yes, your credit score will get temporarily dipped down after applying for a personal loan, as it will conduct a hard inquiry. Eventually, this dip in your credit score can be recovered in the long run by making timely payments.
You can easily get personal loans from different credit unions or online lenders, even if you have got a lower credit score. They might provide you loan very easily but they might charge you higher rates of interest.
The monthly cost of a personal loan is completely dependent on the loan term and the interest rate. So for a personal loan of $5,000, let us assume it has an interest rate of 10% and is borrowed for a term of 12 months. Then the cost of the $5,000 will be around $439.58 every month.
This amount provided is just an estimated value. The actual amount of your loan can fluctuate according to the specific situation. You can use online personal loan calculators to get an accurate idea of your total loan cost.
Different lenders in the industry have set different criteria for credit score requirements for giving personal loans. But as an ideal situation, you must have a credit score of 720 or above to secure a good personal loan at competitive rates.
It is easier to get the payday loans immediately in most cases. These loans can be immediately taken as these are taken for smaller amounts and can get quick approvals. These loans can come up with higher rates of interest despite their easy and quick disbursal.
A personal loan can be a secured one or an unsecured one, it depends upon the situation. If the personal loan is taken against any collateral, then it will be termed as the secured one, and if it is taken without any collateral then it will be termed as the unsecured loan.