General Questions
How do I apply for a personal loan online?
Simply fill out our online request form with your basic information, select your desired loan amount ($200-$5,000), and submit. The process takes just minutes and you'll receive offers from our network of lenders.
Is Simplyefund a lender?
No. Simplyefund is not a lender. We are an online marketplace that connects borrowers with lenders in our network. We do not make loan offers or credit decisions.
Is there a fee for using your service?
No, our service is completely free for consumers. We do not charge any fees for connecting you with lenders.
Loan Details
How much can I borrow?
Our lender network offers personal loans ranging from $200 to $5,000. The amount you qualify for depends on your financial profile, credit history, and the lender's assessment.
What are the interest rates (APR)?
APRs for personal loans typically range from 4.99% to 450%, depending on the lender, your credit profile, income, and other factors. Your specific rate will be disclosed before you accept any offer. For cash advances, APRs may range from 200% to 1,386%. For installment loans, APRs range from 6.63% to 225%.
Can I get a personal loan with bad credit?
Yes! Our lender network considers various factors beyond just your credit score, including your income and employment history. Many applicants with less-than-perfect credit have successfully received loan offers.
How fast can I receive the funds?
Once you accept a loan offer and e-sign the agreement, funds can be deposited into your bank account as soon as the next business day, depending on your lender and financial institution.
Application Process
What do I need to apply?
You typically need:
- Be at least 18 years old
- Be a US citizen or permanent resident
- Have a valid bank account
- Have a regular source of income
- Have a working email address and phone number
Does applying affect my credit score?
Submitting a request through our platform is considered a soft inquiry and does not impact your credit score. However, if a lender approves your request, they may perform a hard credit check which could affect your score.
Security & Privacy
Is my personal information safe?
Absolutely. We use 256-bit SSL encryption to protect your data. Your information is transmitted securely and we follow strict privacy policies to safeguard your personal details. Read our full Privacy Policy.
What happens if I can't repay on time?
When you accept the terms for a loan, you enter into a commitment to repay according to the specific schedule. In the event of non-payment, additional charges may be applied. Late payment penalties vary by lender. For more information, please contact the lender directly.
Have more questions? Contact us at contact@simplyefund.com.