Tired of waiting for loan approvals? At BuddyLoans, we understand that when you need money, you need it fast.
We try to connect you with a lender who offers fast approval for personal loans. If approved, you might be able to get your cash quickly.
Get StartedA personal loan is an installment loan that gives you a predetermined lump sum once you agree to the loan terms. You then repay the money with fixed monthly payments over a set amount of time.
Here are some of the most common uses of personal loans.
Let's say you borrow $3,000 at an APR of 17% with a one-year repayment term; you will make 12 fixed monthly payments of approximately $273.19 each, which include both principal and interest. Over the year, you'll pay $3,278.28, including the original loan amount, plus $278.28 in interest.
Depending on the lender's terms, there may be additional fees, so reviewing your loan agreement carefully is essential.
Finding out if BuddyLoans can help you only takes three simple steps and a few minutes of your time.
Start by filling out our request form. We will only ask for some basic information, including what amount of money you’re requesting, how much income you have, and some personal and financial information.
We take a little time to check through our network of lenders. We aim to connect you with a lender that can provide your loan.
After connecting you with a lender, we will send them your information. You and the lender work together. It’s that easy!
Our user-friendly online platform allows you to initiate your personal loan journey from anywhere, anytime. Say goodbye to complicated paperwork and hello to a streamlined, efficient experience.
We've cultivated relationships with a diverse network of lenders. We will do our best to connect you with a lender who aligns with your unique needs and financial profile.
You're in the driver's seat. If we can match you with a lender, it is up to you to take the next step and apply for a loan from that lender. We believe in empowering you to make informed decisions that align with your financial goals.
Protecting your personal and financial information is our top priority. We utilize advanced security measures to ensure your data remains confidential and secure throughout the process.
While many low-credit loan options exist, responsible borrowing is where it all begins. Consider interest rates, fees, and repayment terms before committing to any loan, no matter the lender.
Personal money loans provide a lump sum of money upfront. After a loan customer receives the money, they repay it with interest and fees, typically through monthly payments. The interest rate is usually fixed, so the payments stay the same throughout the life of the loan.
The process of receiving a personal loan varies by lender. Some applicants are declined for funding. The process typically involves these steps:
The monthly payment depends on the interest rate and loan terms.
Use a loan calculator to explore different scenarios and estimate your monthly payments based on your desired loan amount, interest rate, and term.
Applicants who are approved for funding can get personal loans from various sources, including:
Many lenders offer pre-qualification or rate checks that involve a soft credit inquiry, which doesn't impact your credit score. However, when you apply for a personal loan, it usually triggers a hard inquiry. That hard inquiry may temporarily lower your score by a few points.
Deciding where to get a loan depends on your circumstances. If you need a personal loan immediately, you may need to look at emergency loans online. Alternatively, if you need a personal loan for bad credit, that will alter which lenders you reach out to.