FAQ

FAQ?


  1. 1
    HOW QUICKLY CAN I GET A LOAN?

    The entire process typically takes about 2 to 7 days. In some cases, it may take a little longer, depending on what we need from you. You can complete the entire process from the comfort of your home, or even on your phone!

    You can keep things moving by checking your To-Do List to make sure we have all the information and documents we need.

    Once your loan is approved and backed by investors, your money is automatically deposited directly into your bank account. Depending on your bank, this step can take a few more days.

  2. 2
    WILL CHECKING MY RATE AFFECT MY CREDIT SCORE?

    No, checking your rate won’t affect your credit score. Applying for a loan through Secure Loan USA generates a soft credit inquiry, which we use to understand your creditworthiness. This is visible only to you, not to creditors or other users of your credit report.

    Visit Credit Score 101 to learn more about your credit score and protecting your credit health.

  3. 3
    WHAT HAPPENS AFTER I CHECK MY RATE?

    After you check your rate, here’s what’s next:

    Choose your offer.

    You’ll receive multiple loan offers if you qualify. Each one shows the loan amount, interest rate, APR, monthly payment, and loan term (either 36 or 60 months).

    Complete the application and verify your information.

    We ask for your Social Security number, as well as information about your income and employment. If we need any additional documents, we’ll let you know in your To-Do List. Then, hold tight while we review your application.

    Get your money.

    Once your loan is approved and backed by investors, your money will be automatically deposited into your bank account.

    The entire process typically takes about 2 to 7 days. In some cases, it may take a little longer, particularly if you need to send us additional information or documents

  4. 4
    WHAT’S THE BEST WAY TO COMPARE LOAN OFFERS?

    A no-fee or low-interest loan may look appealing, but be sure to consider all your costs when choosing a loan offer. The APR is the best way to quickly compare your total yearly costs, because it includes both the interest rate and fees.

  5. 5
    WHAT’S THE DIFFERENCE BETWEEN A FIXED RATE AND A VARIABLE RATE?

    With a fixed-rate loan, your interest rate, APR, and monthly payment are fixed, which means they don’t change from month to month. All personal loans through Secure Loan USA are fixed-rate loans, so your rate and monthly payment will never change.

    With a variable-rate loan, the interest rate and APR may change as the market interest rate changes. As a result, you may pay more or less interest from month to month, and your monthly payment may change as well. You can learn more about different types of loans on our blog.

  6. 6
    WHAT’S THE DIFFERENCE BETWEEN AN ORIGINATION FEE AND AN APPLICATION FEE?

    An origination fee is only charged if you receive a loan. In contrast, most application fees are due when you apply, and are not refundable even if the lender declines your application.

    You’ll never pay an application or broker fee for a personal loan through Secure Loan USA. Origination fees for personal loans through Secure Loan USA range between 1.00% and 6.00% of the loan amount.

  7. 7
    IS THERE A FEE FOR PAYING MY LOAN OFF EARLY?

    No. You can make extra payments or pay off your loan in full at any time with no additional charges.

  8. 8
    HOW CAN I USE A PERSONAL LOAN?

    You can use a personal loan for just about any major expense:

    • Paying off credit cards or consolidating debt
    • Unexpected expenses, like home repairs or medical bills
    • Weddings and other special events
    • Taxes that are higher than you expected
    • There are just a few things you can’t use a personal loan for, including investments, gambling, education after high school, and anything illegal.
  9. 9
    WHAT HAPPENS AFTER I CHECK MY RATE?

    After you check your rate, here’s what’s next:

    Choose your offer.

    You’ll receive multiple loan offers if you qualify. Each one shows the loan amount, interest rate, APR, monthly payment, and loan term (either 36 or 60 months).

    Complete the application and verify your information.

    We ask for your Social Security number, as well as information about your income and employment. If we need any additional documents, we’ll let you know in your To-Do List. Then, hold tight while we review your application.

    Get your money.

    Once your loan is approved and backed by investors, your money will be automatically deposited into your bank account. The entire process typically takes about 2 to 7 days. In some cases, it may take a little longer, particularly if you need to send us additional information or documents.

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