FAQs

What is a personal loan?

A personal loan is a short-term loan that is due to be repaid in full, no later than 30 days after it is issued. Personal loans also come with a flat interest charge that is taken with the repayment.

How much can I borrow?

The loan limits vary by lender. The major factor that determines the amount you can qualify for is your credit score, then credit history and debt-to-income ratio. By reviewing this information, the lender wants to ascertain your ability to repay on time.

What are the requirements to apply for personal loans?

What should I do to get a loan?

Fill out our short online form with the basic information and submit the request. The rest work is our concern. Note that you can request with any type of credit.

How long does it take to get an answer?

Normally, the decision fast. It takes up to a few minutes to connect you with a lender after your request.

What can I use my personal loan for?

You decide what you would like to spend the money for. The most common uses are emergencies, medical expenses, house renovations, car repairs, special occasions, and big-ticket purchases.

Can I apply with bad credit?

Yes! Your credit background isn’t the issue, so feel free to submit a request. We will do our best to find a lender that will be ready to work with your paying abilities.

How long does it take to get approved?

It totally depends on a lender. Typically, it’s very fast. If approved, you’ll get a notification.

How will I get my cash?

Your funds will be deposited directly into your bank account in as little as the next business day.

What if I fail to repay?

Missing the payment may cause a lot of unpleasant things starting with high fees and ending with your credit score downgrading. However, always get in touch with your lender as soon as possible and notify them in advance about your problem to discuss the possible ways to address your issue.

Do I have to pay any fees for using your service?

No. lealloan.com is an online service that is free to use. We do not charge fees for finding you a lender.