There are many lenders in the US. That gives you many great options if you need a personal loan. But it also makes finding the best personal loan on your own take a long time. That’s why there are so many online matchmaking services too. But it’s hard to know which matchmaking service offers you the right deal. Enter Guide To Lenders.
Guide To Lenders: Your Free Comparison Service
Guide To Lenders is a free-to-use matchmaking platform. The company is one of the oldest and most reputable of its kind. Since 2005, Guide To Lenders has offered a peer-to-peer online marketplace allowing borrowers to compare the best rates they have access to.
When you sign up for Guide To Lenders, you will fill out a quick and secure questionnaire. Based on your personal information, you will be connected with a few offers. That’s because they don’t offer you a loan directly. Instead, they connect you with lenders and investors based on your creditworthiness. So, they’ll match you with competitive rates from the lenders that are willing to lend you money.
Fast And Free Comparison
You don’t need to pay anything to Guide To Lenders until you take out a loan. So, even if you don’t want to get a loan right now, Guide To Lenders offers you a useful free service. You can use their website to simply compare the various options available to you.
Signing up for Guide to lenders is both free and easy. The application process should only take a few minutes. You’ll be asked for some basic information like:
- Name
- Income
- Date Of Birth
- Zip Code
After you’ve filled out that information, they’ll conduct a soft credit pull to see your credit score. A soft credit pull doesn’t affect your credit score. So, there aren’t many downsides to signing up. You’ll only receive a hard credit pull when you decide to submit a formal application to one of their lenders.
No-Stress Comparisons
Once you get preapproved for a few loans, you can just compare the rates and terms you are given. You can then choose the most suitable available option. But you’re not obliged to move forward with any applications. So, Guide To Lenders offers you a window into the world of lending without pressing you to take a loan.
Wide Range Of Personal Loan Products
Most kinds of personal loans are available through Guide To Lenders. You can find a wide range of specialized loan products, especially in home financing.
Among their home financing options, Guide To Lenders can match you with:
- Conventional mortgages
- Jumbo home loans
- FHA loans
- VA loans
- Home equity loans
- Mortgage refinancing
- USDA loans
Guide To Lenders Pricing & Terms
The prices and terms you’ll find on Guide To Lenders will depend on your credit-worthiness. The higher your credit score, the better the loans you’re offered will be.
APRs for Guide To Lenders loans start at just 4.99%. But to get rates that low, you will need excellent credit and a stable income.
Guide To Lenders is a large platform that works with many different lenders and investors. If you have bad credit, you can still use the platform. But you can be matched with APRs as high as 35.99% if you’re minimally qualified for a personal loan.
Likewise, Guide To Lenders offers a wide range of repayment terms. Terms may last from 24 to 84 months. Longer terms will work out to smaller individual payments.
Do I Qualify For Guide To Lenders?
If you have an income and some credit history, you most likely qualify. There are no specific minimum requirements when it comes to income and credit score. Individual lenders on the platform have their own requirements and pricing schemes.
The minimum requirements for accessing the platform are:
- US citizenship or permanent residency
- Being 18 years old or older
- A personal bank account
- A reliable source of income
Factors To Keep In Mind
Certified And Trustworthy
Guide To Lender’s parent company, QuinStreet Inc. has been accredited with the Better Business Bureau since 2000. The company is old and experienced.
You can trust that each partner lender on the platform is well-vetted and trustworthy. Just make sure to read the terms of your loan carefully before accepting to avoid any surprises.
Aggressive Advertising
While it’s certified and trustworthy, Guide To Lenders isn’t free of problems. The biggest problem that users report is aggressive marketing from their partner lenders. Some of those lenders may send a lot of emails, which users report grows very tiresome.
Guide To Lenders: The Last Word
Guide To Lenders is a large and useful platform. If you want to simply browse your personal loan options without being obliged to take a loan, it’s one of the best options. 15 years of experience has allowed it to build its network of partner lenders and improve their customer service.
Because the company works with so many lenders, it’s worth checking out regardless of your current credit score.