Select Page

Numerous people today are needing personal loans. A personal loan can help you with debt consolidation, home improvements, or a dream vacation. However, if you are thinking about getting a personal loan, you need to know about the company to make sure a personal loan is right for you. Circleback Lending is a company that offers personal loan.

Circleback Lending offers peer to peer loans in which your loan will be backed by investors. These investors will provide you the loan that you need. This lender provides loans to people with good to excellent credit. When you apply for a loan, you go on the website, you will state how much money you would like to borrow. You can get a 36-month loan term, or you can get a 60-month loan term. If you are approved for a loan, the money will go straight into your bank account.

Interest rates for a loan range from 6.50% to 36%. Rates will depend on the amount of the loan, the loan term, and your credit score. When you apply for a loan, you will be given a grade, and that grade will determine your interest rate. With Circleback Lending you can borrow from $3000 to $35,000.

To apply for a loan, you just go online and complete the simple application. The application process takes just minutes to complete. If your loan is approved, you might be required to pay an origination fee that can range from 1% to 4.99%. the fee will depend on your credit grade. You can do the entire lending process online.

To qualify for a loan, you must be at least 18 years of age, and the lender does not offer loans in all states. You must have a credit score of 660, and the company is picky about who is approved for a loan. You have a grace period of 16 days before you will be charged a late fee. If you pay by check, you will be charged $15 for a processing fee.

Circleback Lending is a leader in the peer to peer lending industry. Interest rates are competitive; however, information on the website is not very clear, so the company is not very transparent. However, the problem with Circleback Lending is that it is only taking a very small amount of applications, so you might not be able to get approved for a loan from Circleback Lending.