Find Your Personal Loan: $500 – $2,000

How to choose a personal loan

When you take out an unsecured personal loan, you’re borrowing money without having to secure the loan with collateral, instead focusing on your debt-to-income ratio and your demonstrated ability to repay the loan over time. 

After applying for your personal loan, you would receive (if approved) the lump sum of the loan, less any fees, and you can use the funds as you wish. 

Regardless of how you choose to spend your funds, you will repay the loan in monthly payments until you’ve fulfilled the obligations of the loan.

How to get a personal loan

To get a personal loan, you will need to do a bit of planning and then apply.

Step 1: Determine how much you need to borrow, and how much you can afford to pay back.

Step 2: Complete our online application to apply for the loan amount you’d like to borrow.

Step 3: Verify your income by connecting your bank account to your application.

Step 4: Review the borrower’s agreement and the repayment terms of the loan offer.

Step 5: Submit your application. If your application is approved, you can see funds in your account as soon as the next business day.

What goes into a personal loan APR?

The APR (annual percentage rate) on a loan is the interest rate charged on the loan. The APR is calculated over the term of a personal loan and can be considered the “cost of borrowing.” 

The APR on a personal loan will vary depending on several factors including your ability to repay a loan, the length of a loan, and the risk the lender is taking.

The lower an APR, the less expensive a loan is for the borrower.  Even those with a bad credit history can be approved.

What are the requirements for a personal loan?

To take out a personal loan, you’ll be required to have two things.

  1. You must be able to demonstrate your ability to repay the loan. This is often evidence of a steady job with a regular paycheck.
  1. You must have a bank account that the lender can access for direct depositing your loan proceeds if you are approved for the loan. 

If you have been approved for a personal loan, you are required to repay the loan through the scheduled installment payments as per the loan agreement. 

Any issues with repayment or similar should be discussed with the lender. Each lender has to explicitly describe the loan on the loan agreement, therefore we advise that before accepting any loan, you carefully read the loan agreement , especially the parts that contain detailed information about APR and repayment terms.

Before you sign any loan agreement, the lender must provide you with full disclosure of the terms of the loan agreement so you can make the decision that is right for you.

REPRESENTATIVE EXAMPLE

If you borrowed $1,500 over a 18 month period and the loan had a 3% origination fee ($45), your monthly repayments would be $100.05, with a total payback amount of $1,800.93 which including the 3% fee paid from the loan amount, would have a total cost of $255.93. Representative 19.99% APR.

If you borrowed $5,000 over a 38 month period and the loan had an 6% origination fee ($300), your monthly repayments would be $182.74, with a total payback amount of $6,944.12 which including the 6% fee paid from the loan amount, would have a total cost of $1,644.12. Representative 17.53% APR.

BASIC LOAN REQUIREMENTS

Must be at least 18 years old , Must be a U.S. citizen, Currently employed or receive steady income, Have a bank account to receive the funds, ideally with direct deposit.

The operator of this website is not a lender, financial institution, loan broker or an agent of a lender, financial institution or loan broker. This website collects personal information provided by you and uses that information to connect you to third party lenders and non-lenders in our network. Your information may be shared with non-lenders or other intermediary service providers, to help connect you with a lender. This website provides its services to you free of charge but may receive payment from lenders and non-lenders for referring a lead to them. You may not qualify with any lender or financial institution for any loan amount, or you may qualify with a lender or financial institution for an amount that is much lower than what you are seeking. If you do not qualify for the loan product you are seeking, we may present you with different financial solutions that may be of interest to you. If you are connected with a lender, make sure to check the terms of your loan agreement and make a determination of whether or not you can afford the payments before signing. Lenders may perform credit checks through any credit reporting bureau and may also verify the information that you provide on our website. We strongly encourage you to reject any offer that is not within your financial means. Short-term, small-dollar loans are not a long-term solution to financial hardship. You may also consider seeking professional advice regarding your financial circumstances and alternatives to loan products. Lenders that participate in the services provided by this website do not offer loans in every state. If you are from a state that the lenders do not service, you will not be connected to a lender. Our service does not constitute an offer or solicitation for any loan products that are prohibited by state law.

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-ViviaFi is not a lender in all states. ViviaFi uses various credit reports, data sources, and application information as part of their underwriting. Not all applications are approved. Approval and loan terms vary based on applicant qualifications and by state. Decision may take longer if additional verification or documents are required.

†Applications approved before 1:30 p.m. CT Monday-Friday are generally funded same business day, subject to your bank's processing times. Applications approved other times are generally funded the next business day. Some applications may require additional verification. In such cases, if approved, funds will be disbursed by the following business day after the additional verifications are complete.