If you are looking for a personal loan in Texas but have been discouraged by the offered rates for that loan you need, you are not alone. Thousands of fellow Virginians have been looking for personal loans, only to be discouraged by the high interest rates and rather inflexible terms offered to them. There is a better way to look for personal loans other than stopping by each bank, credit union and lender in town. Online lenders today offer great rates and flexible terms to potential borrowers. Not only can you increase the chance at finding the perfect lender and loan product to fit your lifestyle, doing so is quick and easy, and can be done from the comfort of your own home. Loan decisions are also made rather quickly, in most cases a decision will be made with in 24 to 48 hours after applying for a loan. Some lenders render instant loan decisions, and can have the funds sent directly to your bank account in as little as 24 hours.
If you do decide to shop around online for a loan there are a few things you should keep in mind. The first being that while applying for these loans is relatively quick, you should have certain information on hand to ensure that the loan application goes smoothly without eating up to much of your time. You should have on hand the length of your employment, you weekly, monthly and yearly income. You should also have on hand you social security number. Another piece of advice I give borrowers is to know where their credit stands, both their FICO and Vantage credit scores and their credit reports. The reason knowing what is on your credit reports matters is that upwards of 25 percent of all credit reports contain errors which negatively impact borrowers credit scores. Once you know where your credit stands you can more confidently approach creditors and aim for loan products that are within reach of your credit worthiness. Here is a list of the top online lenders who provide personal loans in Texas.
Installment Loans Hub
This lender makes loans different, their loan format is unlike any other available today. If you like low interest rates and have a huge social network, your APR could be as low as 7.35%! How it works is you get people to make a statement for you. They agree to be responsible for a small portion of your loan, should you default on payment. In return they lower your interest rate, the amount varies according to how good of a referral you have received. The more recomendation you receive from your friends, family and social network, the lower the rate you will receive, and the more you can borrow. You can also receive a loan with a credit score as low as 600 through ILB. The only restriction is that you cannot be behind on any of your existing accounts on your credit report, nor can you be in the middle of a bankruptcy or foreclosure proceeding. You can check what rate you can receive without effecting your credit score, so it is worth looking into, if you can come up with even a few good vouches. For example 3 qualified sponsors gets you 3 percentage points off your loan offer interest rate.
This lender serves all of Virginia. What makes this lender awesome is that they allow you not only to check your rate without effecting your FICO score, but they also have several other key perks. One of the biggest perks is that this lender does not charge origination fees. They also have no prepayment fees, so if you are the type that likes to get rid of debt quickly, rest assured you can pay this loan off early without fears of prepayment penalties. You can borrow as little as $1000 and as much as $35,000 for those more expensive needs you might have. Their customer support is top notch, if you need to address an issue, they have a friendly fully staffed phone line. Learn more at https://www.avant.com.
This lender is excellent, especially if you find yourself making use of personal loans often, since this lender starts to give rate discounts to repeat customers in good standing with past loans. Like the other lenders on this list, checking your rate will not affect your credit score. Interest rates are fixed, and for first time lenders the range is 5.99% to 36.00% APR. Loan amounts range from $2000 to as much as $35,000. You need at least a credit score of 640 for this lender however. Learn more at https://www.prosper.com