APR Disclosure
APR (Annual Percentage rate) comprises the interest rates plus all the extra fees with a loan. APR is formed as per the amount of your loan, terms, repayment amount, and timing. APRs for personal loans may differ from state to state, and there are certain restrictions on APRs that are different for each state. The loan agreement for the short-term personal loans should uncover the APRs and all the other terms. After getting familiar with APRs, the borrower can sign or reject the agreement. Be informed that the APRs may also change.
Material Disclosure
PersonalLoanSpace.com is a lender-connecting platform. With the help of our services, you can get connected to several lenders at the same time without much ado. We are not a lender, and the final decision of whether to approve your loan application or not is not up to us. We can not give you any warranty for getting approved by a lender. After getting connected with the lender, you may decide whether to take the loan or continue shopping around for better loan offers. The lenders are authorized to verify your identity with the information you have provided in the loan agreement and carry out credit checks to assess your creditworthiness. The maximum amount for short-term personal loans is $2500, but whether you will get the full amount of the loan or not depends mainly on the lender. For more information on the submission and processing of the loan request, you may check our FAQ. These disclosures should by no means be considered legal advice. For legit documents, please review Privacy Policy and Terms and Conditions.
Exclusions
There are some states where short-term quick loans are provided with some restrictions. The residents of Arkansas, New York, Vermont, and West Virginia can’t avail of our services. The list of states is subject to change without any prior notifications.
Credit Implications
PersonalLoanSpace.com is not a direct lender and consequently cannot make credit-related decisions. Our services are restricted to creating a platform for easy collaboration of borrowers and lenders. The lenders make the final decision on providing you the requested loan or not. By submitting information, you agree that lenders can run credit checks and verify your identity. We do not advise you to take short-term personal loans for long-term debt liabilities. Be careful with late payments as they may result in extra fees and collection activities that differ from lender to lender. You can review their late or non-payment as well as the renewal policy in the loan agreement. So, before taking the loan, thoroughly read the loan contract, calculate the interest rates, and make sure you can afford the loan.
