FAQ
Who can apply for the personal loan?
The loans are available for citizens and permanent residents of the US who have a steady income. Some lenders may also impose other requirements. Our services are not available for foreigners and those US residents who are under 18 years of age.
How is the application for personal loans processed?
You can apply for the loan online by filling an easy a few-step application form. It will take you no more than 10 minutes.
What are the working hours of PersonalLoanSpace.com?
Our services are available 24/7. You can submit your application at any time. After the submission, your request will be visible to a lot of lenders that work with us. They review your information and get in touch with you.
Are there any limitations on the use of the loan?
After getting the requested money, you can spend it the way you like. Unlike banks and credit unions, the lenders won’t ask you about the purpose of taking out the loan. These financial products have greatly helped many people in a wide range of circumstances with flexible use.
Can I take out a personal loan with my bad credit history?
Short-term personal loans' popularity is snowballing due to the availability of funds to bad credit holders. So, if your credit history is far from being excellent, you still have a chance to get approval for the loan from one of the lenders.
Do I need collateral applying for personal loans?
We offer unsecured loans, which means you don’t need to furnish any valuable asset to back up the loan.
Can I apply for several loans?
The lenders will check your current financial state, and in case your salary allows, you can apply.
Are there any penalties for late repayments?
In the case of repayment delays, the interests may get higher, and some extra fees may be charged. To avoid such situations, the borrowers should contact the lender if they face any problems concerning the repayments. After analyzing your issue, they may try to find appropriate solutions for your case.
How Much Can I Borrow with a Personal Loan?
The maximum amount for taking out short-term personal loans is $2500. When making the final decision about your requested sum amount, the lender will consider your income level.