Rates and Fees for LoanCrunch.xyz
Understanding APR Rates, Loan Costs & Terms
LoanCrunch.xyz is not a lender and does not act as a loan broker or in any other capacity except as a loan referral service, offering free rate quotes with no impact on your FICO® Scores. Below is information to help you understand how personal loans work and the costs associated with them.
Full Disclosure of Terms
If approved for a loan, each lender is required by the Federal Truth in Lending Act to present you with the terms of the loan, including the rates and all associated costs, before you execute the loan documents. Each lender has different loan terms, such as the loan amount, the APR, and repayment schedules. Please review the fee and rate information provided by your lender thoroughly before agreeing to the loan terms. You are not obligated to accept any offers presented to you. Until you execute agreements with an e-signature, you can exit the process at any time.
Credit Implications
Our service connects you with lenders for free rate quotes, with no impact on your FICO® scores. If you decide to move forward with a rate quote, we will connect you with that lender for the purpose of finalizing your loan. During the evaluation of your funding request, most Loan Providers will need to perform a hard credit inquiry. Lenders may verify your social security number, national ID, driver's license number, or other types of federal or state IDs and review your information against national databases, including but not limited to Equifax, Transunion, Experian, Teletrack, or DP Bureau, to determine creditworthiness, credit standing, and credit capacity. When third parties check your credit score, it can lower your score. Multiple hard credit pulls in a short period can adversely affect your credit score. Lenders will always ask for your permission before doing a hard or soft credit inquiry. There is no impact on your credit when a soft credit inquiry is performed. Learn more about the difference between hard and soft credit inquiries.
Personal Loan Costs
There is no cost to use our rate quote service. The eventual cost of a personal loan will vary based on factors including the borrower's creditworthiness, the state of residence, the lender, the amount borrowed, and the terms and length of the loan.
Before submitting a request, consider using our personal loan calculator to determine potential loan payments over different rates, terms, and loan amounts.
Repayment
Repayment on personal loans is generally performed either monthly or bi-weekly, depending on your preferences or the lender's terms. You may be able to have funds withdrawn automatically from your bank account on the agreed-upon date. Be sure to read and fully understand all your lender's policies regarding repayment. Your loan cannot be conditioned upon repayment by electronic funds transfer or automatic withdrawal. Consult your lender for more details.
If approved for a loan, our lender network offers a minimum repayment period of 12 months (1 year) and a maximum repayment period of 72 months (6 years). Not all borrowers will qualify for maximum repayment periods.
Renewal Policy
Before accepting a personal loan offer, you will be presented with various loan renewal options by your lender. Carefully review the lender's loan renewal policy before electronically signing any loan documents.
Late, Partial, Non-Payment Policies
All lenders have varying policies regarding late, partial, and non-payments. Review these policies in the loan documents provided by your lender before appending your e-signature. All lenders must abide by applicable laws, rules, and regulations regarding late payment fees. Lenders may grant a one-time exception for a late payment, but repeated late payments can lead to additional fees, collection actions, and negative reporting to consumer reporting agencies, adversely affecting your credit score.
Potential Impact on Credit Score
Your credit score reflects your credit value as seen by lenders and is based on credit report information from credit bureaus. It is important to understand that your credit score and rating will be negatively impacted if you do not make timely payments. Late payments can make it more difficult to obtain approval for other loans and credit cards.
Collection Practices
LoanCrunch.xyz is not a lender and is not involved in the debt collection process. Your lender will provide detailed information on their specific debt collection practices in the loan documents. If you have any concerns about these practices, communicate them with your potential lender before executing your loan documents. We ensure that the lenders in our network use fair and reasonable methods when pursuing delinquent accounts.
Click to get started and receive free, no-obligation rate quotes with no impact on your FICO® Scores.
LoanCrunch.xyz is not a lender and does not act as a loan broker or in any other capacity except as a loan referral service, offering free rate quotes with no impact on your FICO® Scores. Below is information to help you understand how personal loans work and the costs associated with them.
Full Disclosure of Terms
If approved for a loan, each lender is required by the Federal Truth in Lending Act to present you with the terms of the loan, including the rates and all associated costs, before you execute the loan documents. Each lender has different loan terms, such as the loan amount, the APR, and repayment schedules. Please review the fee and rate information provided by your lender thoroughly before agreeing to the loan terms. You are not obligated to accept any offers presented to you. Until you execute agreements with an e-signature, you can exit the process at any time.
Credit Implications
Our service connects you with lenders for free rate quotes, with no impact on your FICO® scores. If you decide to move forward with a rate quote, we will connect you with that lender for the purpose of finalizing your loan. During the evaluation of your funding request, most Loan Providers will need to perform a hard credit inquiry. Lenders may verify your social security number, national ID, driver's license number, or other types of federal or state IDs and review your information against national databases, including but not limited to Equifax, Transunion, Experian, Teletrack, or DP Bureau, to determine creditworthiness, credit standing, and credit capacity. When third parties check your credit score, it can lower your score. Multiple hard credit pulls in a short period can adversely affect your credit score. Lenders will always ask for your permission before doing a hard or soft credit inquiry. There is no impact on your credit when a soft credit inquiry is performed. Learn more about the difference between hard and soft credit inquiries.
Personal Loan Costs
There is no cost to use our rate quote service. The eventual cost of a personal loan will vary based on factors including the borrower's creditworthiness, the state of residence, the lender, the amount borrowed, and the terms and length of the loan.
- APR: The annual percentage rate, which includes origination fees and interest rates, provides a more accurate determination of the total cost of a personal loan.
- Interest Rate: This is the percentage interest charged by the lender to the borrower, excluding other fees.
Before submitting a request, consider using our personal loan calculator to determine potential loan payments over different rates, terms, and loan amounts.
Repayment
Repayment on personal loans is generally performed either monthly or bi-weekly, depending on your preferences or the lender's terms. You may be able to have funds withdrawn automatically from your bank account on the agreed-upon date. Be sure to read and fully understand all your lender's policies regarding repayment. Your loan cannot be conditioned upon repayment by electronic funds transfer or automatic withdrawal. Consult your lender for more details.
If approved for a loan, our lender network offers a minimum repayment period of 12 months (1 year) and a maximum repayment period of 72 months (6 years). Not all borrowers will qualify for maximum repayment periods.
Renewal Policy
Before accepting a personal loan offer, you will be presented with various loan renewal options by your lender. Carefully review the lender's loan renewal policy before electronically signing any loan documents.
Late, Partial, Non-Payment Policies
All lenders have varying policies regarding late, partial, and non-payments. Review these policies in the loan documents provided by your lender before appending your e-signature. All lenders must abide by applicable laws, rules, and regulations regarding late payment fees. Lenders may grant a one-time exception for a late payment, but repeated late payments can lead to additional fees, collection actions, and negative reporting to consumer reporting agencies, adversely affecting your credit score.
Potential Impact on Credit Score
Your credit score reflects your credit value as seen by lenders and is based on credit report information from credit bureaus. It is important to understand that your credit score and rating will be negatively impacted if you do not make timely payments. Late payments can make it more difficult to obtain approval for other loans and credit cards.
Collection Practices
LoanCrunch.xyz is not a lender and is not involved in the debt collection process. Your lender will provide detailed information on their specific debt collection practices in the loan documents. If you have any concerns about these practices, communicate them with your potential lender before executing your loan documents. We ensure that the lenders in our network use fair and reasonable methods when pursuing delinquent accounts.
Click to get started and receive free, no-obligation rate quotes with no impact on your FICO® Scores.
Click to get started and receive free, no obligation rate quotes with no impact to your FICO® Scores.
