Review: Is It Worth It?

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With the introduction of the internet, the world of personal finance saw an explosion of options. People searching for loans can now browse through endless sites designed to help them get the funds they need.

That said, not everyone can qualify for the personal loans offered by many sites. Bad credit or a lack of credit history can bar you from accessing the funds you need when you need them most.

Even if you do qualify, many lenders offer high APRs and generally unfavorable payment plans. So, what are you to do if you need a loan and don’t have the credit necessary for many of the widely-known lending sites?

One answer is to turn to This article will explain everything you need to know about the site to decide if they are the right lender for you.

Best for Comparing Lenders Review
On's Secure Website Rates & Terms
  • Loan Amount
    $1,000 - $35,000
  • Est. APR
    5.99% - 35.99%
  • Learn More
  • Loan Details Pros and Cons

To begin, let’s take a preliminary look at the pros and cons of


  • Funding arrives quickly
  • High loan ceiling so you can borrow the amount you need
  • Relatively low loan minimum
  • Option for short repayment plan means you can save on interest
  • Large network of lenders
  • Soft pull means credit isn’t harmed
  • Easy application process


  • APRs can be very high
  • Because they aren’t a direct lender, it is hard to predict loan terms
  • $1000 minimum means they might not be the best choice for things like a payday advance

What Is

Personalloans.comis an online lending platform that aims to make qualifying for a personal loan easy and safe.

Many lenders require applicants to have good credit to qualify for a personal loan; is less stringent.

They frequently originate loans to individuals with bad credit or with little credit history.

This means that you can access the funds you need for surprise expenses or investment opportunities even if you wouldn’t qualify for a more traditional loan. has helped many people get the loans they need quickly and easily, regardless of their current financial circumstances.

How Does Work?

While many lenders operate by directly granting loans to borrowers, is a bit different. Instead of funding the loans themselves, they connect applicants to lenders across the country.

This has a few benefits. For one, applicants can connect to lenders willing to overlook poor credit, meaning they are granted loan opportunities they wouldn’t otherwise have.

Additionally, the extensive network of lenders connected to means that applicants have access to various loan options.

This gives borrowers the chance to compare interest rates and repayment terms and select which lender best suits them. doesn’t do a hard pull when you apply for a loan. This means that your application won’t affect your credit score the way a traditional loan application would, helping you avoid any further damage to your credit score.

However, applicants must show their income, which is used in conjunction with credit scores to determine their eligibility for loans. Features and Benefits

Now that you have a basic idea of, let’s explore some of the details. Here are the features and benefits on offer from the site.

Easily Compare Lenders

One of the most useful features of is that they allow users to compare their loan options.

Where a direct lender would simply offer you a set of terms, you could accept or reject, provides you with many choices. features an extensive network of lenders. The site lets you see how these lenders stack up, comparing terms between your various options.

This means that you can get a better sense of what you should expect from your loan agreement and prevents you from making a hasty decision that ultimately hurts you in the long run.

One Simple Online Form

A big part of the draw to Personalloans.comis the simplicity and ease of use.

While the site connects applicants to a huge network of lenders, applicants can apply with one quick form. has created an application that includes all the information relevant to their lending network that can be filled out in a matter of minutes.

The application is run through their algorithm to immediately connect users to lenders who are likely to make them an offer.

This makes the entire process seamless and stress-free. Simply go to the site, give them a bit of information, and in minutes you can begin receiving offers.

Fast Funding Times

In addition to their incredibly simple and fast application, is very speedy in getting you your funds.

Applicants can see their funds delivered to their bank accounts in a single business day.

This makes a fantastic option for those experiencing an unexpected financial crisis.

No waiting around for your funds to arrive while the situation worsens. Just apply, accept an offer, and the funds will be there when you need them.

100% Free to Use

While some lending networks require users to pay a fee to access their lenders, is completely free to use.

When you are already in a tight spot, the last thing you want is to pay fees to get the money you need. ensures you don’t have to worry about that.

Your loan agreement is the only thing you need to focus on, making it simple to incorporate your loan into your financial planning.

What Can You Use a Loan For?

Some personal loans are only offered for specific things. For example, a debt consolidation loan can’t be used to repair your car. doesn’t operate like that. Your loan is yours to use however you would like.

Have a surprise medical emergency that you need help funding? Want to make an upgrade to your house and need a bit more than you have right now? Surprise investment opportunity? can help you with whatever you need.

This makes the site a great choice both for financial emergencies and for time-sensitive opportunities alike.

How to Fill Out the Online Form (Step-by-Step)

Filling out an application on is simple and easy.

To start, visit their website. You will immediately be greeted by a box where you can type in your request amount. Enter the amount you would like to borrow and click “get started.”

The screen will change, and you will be presented with a form requesting a bit of basic information. Provide the information requested and submit the form when you are finished.

The entire process can be completed within a matter of minutes, and you will receive offers shortly after.

How Does Compare to Other Lenders?

By now, you should have a pretty good idea of, but how does it measure up to the competition? Let’s take a look at compared to a few of their competitors.

#1. vs. CashUSA

CashUSA is like Both are lending networks that connect their users to a wide range of lenders throughout the country.

CashUSA also has the same estimated APR range. Applicants can expect to see rates ranging from 5.99% to 35.99%.

Repayment periods are also the same, sitting anywhere between 3 and 72 months.

CashUSA does have a bit lower minimum loan amount. Users can borrow anywhere from $500 to $35,000.

There is no origination fee for your loan on either CashUSA or

There is very little difference between the 2 platforms. It might be a good idea to apply on both so you can have the widest range of options available.

>> More: CashUSA Review

#2. vs. is a lending network rather than a direct lender, meaning they connect users to lenders throughout the US.

The APR range is identical to, sitting between 5.99% and 35.99%.

The minimum loan on offer from is a bit lower, sitting at $500. The maximum is the same $35,000 on offer from

Repayment periods are a bit shorter at, ranging between 3 and 60 months.

Both lending networks are completely free to use. and can both be great options for those who need quick access to funds but don’t have a stellar credit history.

>> More: Review

#3. Upgrade Personal Loans vs.

Upgrade Personal Loans is another lending platform that caters to those with poor or no credit history. That said, Upgrade goes about the evaluation process a bit differently.

Upgrade’s algorithm is heavily tied to the amount of “free cash” an applicant has. “Free cash” is defined as the money an applicant has left at the end of the month once they’ve paid all their expenses.

The benefit of taking this approach is that applicants won’t be granted loans they can’t pay off. This keeps them from trapping themselves financially.

Another upside is that Upgrade offers applicants the ability to co-sign a loan, making it easier to qualify if you wouldn’t otherwise.

The loan amounts range between $1,000 and $50,000 and can be repaid in 3 to 5 years. APRs can be as low as 5.44%.

That being, they do charge an origination fee, something does not do.

>> More: Upgrade Personal Loans Review

#4. Upstart vs.

Upstart is like Upgrade in its approach. They work by using an in-house algorithm to evaluate applicants, making it easier to qualify for loans with bad credit.

Upstart offers loans between $1,000 and $50,000, meaning they may be a better option for those who need more than’s $35,000 cap.

Repayment periods are significantly longer with Upstart, ranging from 3 to 5 years. APRs are also a bit higher, with a minimum 6.95%.

There is also a chance Upstart will charge an origination fee, though this is variable.

>> More: Upstart Personal Loans Review

Frequently Asked Questions

Before we wrap up, let’s answer a few of people’s most common questions about

Is Free to Use? is 100% free to use. They don’t charge users for their applications, and loans do not come with an origination fee.

This means you can focus solely on your loan agreement when incorporating your loan into your financial plan.

Is it Safe to Use is very safe to use. They encrypt all user data to ensure it is safe from hackers.

How Fast Will My Loan be Funded After I Use is incredibly fast when it comes to getting you your funds. Your loan will typically arrive in your account in a single business day, making them a great option for financial emergencies.

Bottom Line: Review is a great option for those who have bad credit and need loans delivered quickly. They are simple to use and deliver funds in as little as 1 business day.

That being, we always recommend avoiding taking loans for frivolous things. This can do more harm than good in the long run.

If, however, you find yourself faced with a pressing financial matter, may be your best option.

Take your time, compare lenders, and ensure you get the best terms you can for your specific financial situation.

Bradon Matthews
Bradon Matthews

Bradon Mathews is a personal finance writer & product analyst with a breadth of experience. He enjoys analyzing market information and trends to help you make sense of the complex and ever-changing world of finance. His passion is providing practical advice so you can feel more confident managing your money. Bradon attended Colorado State University where he studied Philosophy.