Monthly Archives: May 2022

man wondering if he should get a personal loan

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Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are subject to change at any point prior to application submission. Your prequalified rate is based on information you provided. All final offers require verified credit information which could impact your qualified rate. The information you provide to us is an inquiry to determine whether Splash’s lending partners can make you a loan offer. Some lending partners may require less information if you submit an application directly on their website. If a lending partner has an available loan for you, you will be invited to submit a loan application to the lender for its review. Please be advised that a lending partner who has an available loan offer for you may conduct another soft credit pull as part of its application review process.

To qualify, a borrower must be a U.S. citizen or other eligible status and meet lender underwriting requirements. The borrower is required to meet applicable underwriting requirements based on specific lender criteria. Not all borrowers receive the lowest rate as advertised. Lowest rates are reserved for the highest qualified borrowers. Splash does not guarantee that you will receive any loan offers or that your loan application will be approved. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Variable rates subject to change.

If you are interested in a personal loan, please note the following:

Personal loans are solely for personal, family, or household purposes and are not permitted to be used to purchase or refinance the purchase of real estate, securities or other investments. Personal loans may not be used for business purposes, to finance post-secondary education expenses, for short-term bridge financing or any illegal purpose.

Splash marketplace loans offer rates between 6.99%-35.97% APR and terms of 2 to 7 years. Personal loans offered through the Splash network have an origination fee of 0%-8.99%, if any, which may be deducted from the loan proceeds. Lowest rates require autopay and may require paying off a portion of existing debt directly. The autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The autopay reduction will not be applied if autopay is not in effect. See loan agreement for details.

The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Repayment examples are for illustrative purposes only. Personal loan | Repayment example: A $10,000 loan amount with APR of 19.99% for a 4-year term with monthly payments of $305.11. The total of payments $14,465.44 over the life of the loan if timely payments are made. Rates are subject to change without notice. Not all rates and amounts available in all states. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Not all applicants will qualify for the full amount. Residents of Massachusetts have a minimum loan amount of $6,000; New Mexico and Ohio, $5,000.

To check the rates and terms you qualify for, soft credit pull(s) will be conducted that will not affect your credit score. However, if you choose a product and continue your application, your full credit report from one or more consumer reporting agencies will be requested, which is considered a hard credit pull.

Splash Financial, Inc. (NMLS #1630038), NMLS Consumer Access. Equal Housing Lender
Splash Financial, Inc. is licensed by the Department of Financial Protection & Innovation under the California Financing Law, license number 60DBO-102545
Splash® is a registered trademark of Splash Financial, Inc.

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Monthly Archives: May 2022

Should I Get a Personal Loan?