What Makes iLoan Great?
If you’re facing medical bills that require immediate payment, or would simply like to take your family on that special vacation, then a fair credit lender like iLoan may be a great way to cover your costs without depleting your bank accounts. And if you have less than perfect credit, it is financial services offered by companies like iLoan that are willing to take the risk – as long as you met certain minimum requirements. iLoan will even consider collateral assets (such as owning a car) and your present income to determine your creditworthiness.
What makes iLoan great is the amount of money they offer to prospective borrowers. They offer personal loans from $1,500 to $20,000. If you have high interest credit cards, you may want to consider a personal loan from iLoan to consolidate your debt under one company, with one payment, and better repayment terms. And since iLoan does report your payments to the credit bureaus, this is a great way to rebuild your credit which will you more options such as lower interest rates and greater borrowing power in the future.
Do I Qualify
Finding out if you qualify for an iLoan personal loan is fast and easy. Visit their easy-to-follow website which starts with your completion of an online application which includes information such as of your contact information, employment, and financial information. iLoan uses this information to run a preliminary credit check that will not affect your credit score.
This information will also be used in the final termination of how much you can borrow from iLoan. Other qualifying factors include your household income and expense, your credit history, any other financial obligations you presently have, and the size and term length of your loan request. While your credit scores are an important part of qualifying for an iLoan account, they typically do work with individuals that have fair or average credit (630 to 689 FICO score).
There are two types of personal loans offered by iLoan – secured and unsecured loans. Secured loans are loans backed with something of value that you own like a car, a home, or other assets. An unsecured loan means no collateral is needed. But these loans will put the lender at greater risk for repayment, therefore unsecured personal loans may have higher interest rates or the amount you can borrow may be lower.
How Do I Work With iLoan?
iLoan has made it easy for you to work with them, because the information they need for approval can be completed online and with direct communications over the telephone. After you’ve completed your personal and financial information, iLoan will send you a quick decision to let you know if they can be your loan provider. If you decide to move forward, a representative from a branch office will make an appointment to continue the process, in person.
This is one of the things that makes iLoan different from many other internet-based financial services. They want to establish a working relationship with all their customers. Also, it should give you a greater sense of security, because an in-person contact with a loan specialist means the company can directly verify your identity. This is also the right time to discuss any concerns, ask any questions, and receive guidance on what your options with iLoan are going forward.
After you review your loan terms, you decide if the interest rates and repayment terms are acceptable and inline with your monthly budget. When you decide to move forward, simply sign your loan documents and receive the money from your personal loan. It’s as easy as that.
Finally, you may be wondering what the interest rates for an iLoan personal loan are. The interest rate offered you may differ from what another borrower is offered, because it depends on the amount of risk the company considers your credit history to show. In addition to our credit ratings, collateral, and income level, iLoan will also consider the length of the loan and the loan amount.
The bottom line is that many people need a little extra financial help sometimes. You could be facing major home repairs, a family-related situation, or the household bills may have gotten ahead of you. A personal loan with iLoan may be the right answer for you and your family.
OK, Let’s Get Started
Click on this link to be taken directly to the iLoan personal loans website, where you can start by filling out your personal and financial information. Here, you will also see if your credit scores met iLoan minimum standards, along with what your interest rates and monthly payments may look like. But when approved, it is the local contact with an iLoan specialists that can help you wade through your offers and select the best choice for your family.