Real User Reviews of Signature Loan
Signature Loans Review
Signature Loan is a quick and easy solution for finding financial assistance. Their application process is simple and their generous lending makes them a great choice when you need a little extra help.
Ever find yourself short of cash? I did. When my husband and I were planning our wedding, we found ourselves needing a little extra money. Not wanting to go to friends and family for help, we looked into getting a personal loan. Like most young girls, I had planned this day since I was four years old and wasn’t willing to compromise on my dream. I quickly found that applying for a loan was not as easy as I thought. With an overwhelming number of options, I spent hours looking for the best fit. Who should I use? And will my financial information be safe? These were just some of my concerns. My worries were quickly put to rest when a friend suggested I use SignatureLoan.com.
Signatureloan.com is not a direct lender. Instead, they are a connection service between you and their vast network of lending providers. One of the things I like most about them is the ability to fill out one application and receive multiple loan offers. Because of this, I had the opportunity to find a personal loan that best fits my needs.
As with most things, there is no one size fits all solution to personal lending. Signature Loan understands this and offers a plethora of options to its clients in order to ensure that they find the right loan for them.
Application Process for SignatureLoan
The application process was quick and easy. SignatureLoan provided consumers with a loan counselor who was able to guide me through the process of filling out the loan application. The website is fully encrypted, and your information is only shared with their network of trusted lenders. Within minutes of completing the application process, most borrowers will receive a pre-approval offer from multiple lenders. According to their sales representatives, the most popular loan and payment combination are a loan for the amount of $20,000 with a repayment schedule of 72 months. There are many other options as well for different consumers with varying interest rates, lending amounts, and repayment schedules.
Because SignatureLoan.com works with multiple lending partners qualifying for a loan was easy. As with most lenders, your approval and terms will depend on factors such as your credit rating, income, debt, and bankruptcy history. You can expect a decision generally within minutes with the loan funding within seven business days. Unlike traditional avenues for securing lending, Signature Loan does not bind you to a single lender, and because of this the odds of being approved are much higher through Signature Loan than through a traditional brick and mortar bank.
Amounts and Terms
- Currently offering Personal loans up to $35,000
- Depending on the lender monthly payment plans are available
- Most offer no penalty for prepayment
- Interest rates dependant on credit and lender
- No fees for the use of SignatureLoan.com (They get paid directly from the lending partners)
- Funding generally within seven business days
Working with SignatureLoan.com makes applying for a loan quick and easy. Once an offer is accepted from one of their lending providers, the money will generally get deposited into your account within 24hrs. Signatureloan.com is a viable resource for anyone looking for a company with a quick loan process and rapid funding.
The following frequently asked questions would be useful for anyone that is seeking a personal loan thrugh SignatureLoan or another lending provider:
What Are Personal Loans?
Personal loans can be used for almost any expense – from paying off credit cards to financing home repairs or even a much-needed vacation. They are typically paid back in monthly or bi-monthly installments over an
extended period of time. Personal loans can be a convenient alternative to bank loans or high-interest credit cards, with online request forms and no-hassle automated repayment.
How Much Will The Loan Cost?
The cost of the loan and Annual Percentage Rate (APR) depend on several factors, including state law, credit history and employment history. The APR also depends on the request loan amount and term. The loan terms
are disclosed during the loan request process when you are directed to the lender’s or lending partner’s website. Start your loan request now!
How Soon Can A Personal Loan Be Made Available?
Companies that offer personal loans and cash advances typically do perform credit checks. Personal loan companies will check your credit through national databases that track consumer lending transactions
(such as Teletrack, DP Bureau, or DataX) or through the three major credit reporting bureaus (Experian, Equifax, and Trans Union). However, loan review procedures do vary by company.
How Soon Can I Get The Funds?
The time it takes to process and fund a loan varies with each loan company. Processing time also depends on the financial institution where the customer has their bank account. Nevertheless, approved individuals
can receive their loan funds as soon as the next business day.
When Does the Loan Need To Be Repaid?
Repayment terms, including dates for repayment and any fees chargeable in the event of rollover, etc., vary for each company that offers loans, and it is essential that you review all of these terms and conditions before entering into a loan agreement.
What Happens If I Do Not Pay?
If you do not pay the full amount of principal and interest by the agreed-upon payment date, you will likely be charged a new finance charge and payment may be extended until your next pay date. Your lender and/or lending partner may take legal action against you if you do not pay them.
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