What is a Personal Loan?

A Personal Loan is generally an unsecured loan that can be used to meet any financial need. Since it is an unsecured loan, it generally does not require collateral as security to avail the loan. This type of loan can be used for varied reasons like home renovation, education, travel, electronic purchase, marriage purpose, in case of medical emergencies, and business purpose or debt consolidation.

Documents Required

Here are some of the documents required  personal loan:

Proof identity

  • Driver’s license
  • Social security number
    State ID
  • US citizen

Proof of address

  • Utility bill
  • Lease agreement
  • Voter registration
  • Change of address confirmation from the U.S. Postal Service
  • Insurance of your vehicle, rental, or home

Proof of income

  • Bank statements
  • Pay stubs
  • W-2 tax forms
  • Copies of income tax returns
  • Verification from your employer

Proof of income when you’re self-employed

  • Bank statements
  • 1099 tax forms
  • Copies of income tax returns

Eligibility Criteria

Here are the eligibility criteria to avail of a personal loan:

  • Have U.S. citizenship, permanent residency, a valid Social Security number, or a long-term visa
  • Be at least 18 years of age to get approved for a personal loan
  • Meet credit requirements set by the lender
  • Show government-issued identification
  • Have a permanent address
  • Provide requested documentation
  • Request a loan for an approved purpose

What do you need to know before you Discover a Personal Loan?

Before you discover a personal loan, you need to know about some common loan terms:

APR: APR stands for annual percentage rate. Every loan comes with an interest attached to it. APR includesboth any lender’s fees to give you a clear picture of the actual cost of the loan and your interest rate. The rate can vary due to different reasons including how much you borrow, fees, terms, borrowing history, your credit score, and your existing financial situation.

Fees: Other than the rate of interest, you may also have to pay fees. Common types of fees include origination fees, late payment fees, or early repayment fees ( in case, you want to repay your loan earlier than the agreed loan terms).

Terms: This is the amount of time in which you will repay the loan. As soon as your personal loan application is approved, your lender will also inform you of the interest rate they are providing.

How to get a Personal Loan

  1. Check your credit score

To determine your eligibility as a borrower, lenders will first check your credit history. Hence, it is important to have a good history of your credit score, you an get a copy from all  3 credit bueauros free, we do a soft pull initially (no affect on your credit) the lender will do a hard pull of your credit to verify.

Compare offers & get prequalified

You can compare personal loan offers using our SEARCH from over 30 top lenders and findwhich one is giving the personal loan at the lowest interest rate. Banks/Lenders will verify your credit score, income, and debt-to-income ratio. We will perform a credit inquiry as part of the loan procedure, which will not affect your credit score.

  1. Select your favored loan offer

On our site, you can easily compare various personal loan offers and and get an anwer in 60 seconds or less form over 30 top lenders you choose the best oneto meet your needs. No obligationor fees  to take any offer

Why get a Personal Loan from

  • Our servise is completely free, no fees, no obligation, no origination fees
  • Save time and money using our award winning SEARCH program of over 30 top lenders

You can save hundreds/thousands by paying off higher-rate loans/credit cards.

  • Easy application process fill out our app in less than 1 minute & get an answr in 60 seconds or less

You can get quick access to funds with our easy & secure online application process.

Benefits of a Personal Loan personal loan provides you with a simple & automated process to get you the money you require fast and efficiently for almost any reason

Discover Personal Loans from Lending Capital

Our process is simple and divided into 7 steps:

  • Enter your personal information
  • Review your options
  • Opt for the one that best fits your needs
  • Verify your identity electronically
  • Sign in with your bank account
  • Accept your offer
  • Get your money



Credit Repair

I posted this once…and its worth posting it again…

As lenders we get application everyday, most incomplete or wrong information and most not updated to current status.

So do us & yourself a favor… Before applying for a loan-Do Your Homework

Here is a simple outline of how you can help repair and or update your credit profile (FREE)

In our current environment getting a loan has become more difficult than normal.

Most lenders have tightened credit ratings, amount of dollars they are willing to lend, and shortened how far out they are willing to go in length of terms (years or months).

Before you start applying for credit as small business, personal loans, student loan, debt consolidation, credit card payoffs, auto loans, or other loan requirements do a few things first: You can do all this FREE

  • Check your credit on all 3 bureaus
  • Fix any negatives or mistakes
  • Dispute or correct any errors
  • Pay late or past due accounts
  • Correct any negative balances that have expired
  • Check payment history-make sure it is actuate
  • Check for any hard inquiries you did not authorize
  • Check for inaccurate balances or outdated information
  • Check for any expired information such as bankruptcies, judgements, liens etc.
  • STOP doing “soft” inquiries-they do count when you get to many.

If you would rather not do it yourself hire a credit correction agency (with extreme caution) check them out.

At Lendingcapital we offer many solutions:

  • Our Free “search” Program with over 30 banks & lenders. We offer alternative lenders if our main partners say no.
  • Our Specialty Financing option, fill out our application & we search with our other partners for loans. All of which there is no fee or obligation.
  • With our search programs you get 30+ lenders & banks to look at you with only one soft pull                                                                                                                               Better Solutions-Better Terms-Better Odds