Only a lender or lending partner can provide you with information on their rates and terms. This will typically happen shortly after your loan request is complete, and you are connected with a lender or lending partner. RiseLoanHub does not make credit decisions or determine rates and terms. Remember, you are under no obligation to accept the loan offer if the terms are not satisfactory for whatever reason.
Repayment
Repayment on personal loans is generally performed either monthly or once every two weeks, depending either on your preferences or your lender's or lending partner’s terms. You may be able to have funds withdrawn automatically from your bank account on the date agreed upon with your lender or lending partner. Be sure that you read and fully understand all policies regarding repayment and understand what you will have to do as a borrower to repay the loan. Your loan cannot be conditioned upon repayment by electronic funds transfer or automatic withdrawal. Consult your lender or lending partner for more details.
Personal Loan Costs
On the whole, the eventual cost of a personal loan will vary a great deal based on factors related to the requester, the state the requester lives in, the lender or lending partner, and the requester's repayment. Other factors that matter are the amount of money that is borrowed, the period of time of the loan and the specific interest rates used. Your credit score may also be taken into consideration.
Standard Personal Loan Terms
While specific terms of personal loans will vary depending on your state, your lender or lending partner and your specific circumstances, below is a general range of common terms.
- Loan amount: $500 – $35,000
- Lending period: 60 days - 72 months
- Payment frequency: Once a month or twice a month
- APR: Will vary based on your credit score, repayment history and other factors.
- Prepayment penalty: Varies by Lender
Material Disclosure:
RiseLoanHub is neither banking nor lending institution per se. The information you share on this website and with our consultants is used for the sole purpose of recommending apt financiers from our network based on your personal requirement and credit ratings. We will not send you any promotional or marketing related material. Your document submission does not automatically construe an approval. However, your paperwork will be scrutinized by the lenders during the approval process, if qualified. No fee or surcharge is levied for this service. However, you acknowledge that we will share information pertaining to financiers within our business network so that you can interact with the lenders directly as we do not represent you in any financial matters or transactions with the lenders. By using this website and our services, you consent to the terms, conditions, and policies. Also, we would like you to be cognizant of the fact that moneylenders from our network may not offer their service to certain states. Finally, we strongly recommend that you acquaint yourself with our privacy procedures and other disclaimers before using our services.