How It Works’s simple loan request process was developed to present you with relevant loan options from our network of lenders and financial service providers. If you are approved for a loan, the lender will then provide you with the terms of the loan including a time frame of 6 to 60 months in which to repay the money borrowed.

The entire online process is fast & takes roughly 5 to 10 minutes to complete. Please see the three steps below:

  1. First, fill out the simple loan request form on our website, which will include your amount you would like to borrow, your credit type, and your loan reason. The form will require you to give some basic personal & income related information.

  2. After you submit the request, it will be reviewed by one or more lenders and financial service providers in our network. If approved by a lender, you may be redirect to the lender’s loan agreement or a request for more information. The loan terms will make the terms & conditions of the loan clear, and they will indicate the amount that you must repay and the time frame of the repayment. Please be sure to thoroughly review the terms of the loan, including the interest rate and the repayment terms, prior to accepting the lender’s offer.

  3. If you do agree to the terms of a loan, the funds can often be deposited directly to your US checking account. The amount of the time that it will take for the funds to be credited to your bank account will depend on the lender you work with and the time of the loan approval. In most cases, customers receive money within one to five business days.

After the loan request process you will be redirected to the Account Center. When you log into the Account Center you will be able to change your basic information, including contact info and password. You can also resubmit a request for a loan or view other offers within the Account Center.

Personal Loan Requirements

Although we will accept loan requests with any credit score, there are some basic requirements that the lenders in our network are looking for. Please note that meeting these requirements does not necessarily guarantee you will be approved for a personal loan:

Age/ID/Residency Status

You must be 18 or older to be eligible for a personal loan. You must also have a valid Social Security number, and be a legal U.S. citizen or permanent resident.


In order to ensure that you will be able to repay a loan, you must either have full-time employment, be self-employed, or receive regular disability or Social Security benefits. Some lenders may require a pay stub or other form of income verification.

Bank Account

Most lenders require a valid checking account. If you are approved for a loan through, your lender will deposit your funds directly into said account.

Credit Type

You do not necessarily need to have a good or excellent credit record to qualify for a personal loan. However, most of the lenders we work with do require that customers demonstrate a pattern of responsibility. To be eligible for a personal loan product, typically an individual must not have any accounts more than 60 days late; must not have active or recent bankruptcies; must not exhibit a pattern of late payments; must not have any debt that cannot be covered by current income; and must not have any recently charged-off accounts.

Types of Personal Loans

Peer To Peer Loans

Typical Requirements

Peer-to-peer lenders connect borrowers directly to investors, rather than offering the loan themselves. A peer-to-peer or P2P loan means that you will be borrowing money directly from a person or company, rather than the bank. Peer-to-peer loans ensure that borrowers are paired with individuals looking to invest in a detailed note. Often your loan reason will be disclosed to the investors reviewing the notes available on the peer-to-peer lender system.

As the borrower, you will fill out a basic loan request form and post your desired loan amount. Investors review loan requests and approve based on their criteria.

The entire process takes place online, so you will never have to leave the comfort of your own home. Requesting a loan only takes a few minutes.

You can borrow anywhere from $4,000 to $35,000 with a peer-to-peer loan, depending on your credit type. works with several peer-to-peer loan lenders and each lender has their own set of investors and terms. Peer-to-peer lenders often collect a loan origination fee of anywhere between 1% to 5% which is deducted from the loan amount given to the borrower.

Personal Installment Loans

Typical Requirements:

Personal installment loans are broad range personal loans that vary by state. Each state has its own rules and regulations for personal loans, so your loan amount and rate will depend on where you live. For example, the legal loan amounts in California range from $2,500 to $20,000, with an interest rate ranging from 30% to 95%. While each state has different personal loan laws, your loan amount, APR and length of loan will depend on a variety of factors that lenders use including your credit score and repayment history.

The personal installment loan process is also quick and convenient. You can request a loan online by providing basic personal and financial information. Your lender will provide you with a loan agreement individually tailored to your financial needs. Once you accept the loan agreement, your loan will be deposited directly into your bank account. Again, review the terms of your agreement before you sign, as each lender will have their own specific repayment process.

Bank Personal Loan

Typical Requirements:

A bank personal loan provides one-on-one local service to borrowers who would like to request a loan in person at their local bank. First by phone or in person and provide your personal information for the loan. Some banks even allow you to request a loan online as well. If you request a loan online you will likely be directed to the nearest local branch to complete the loan request process in person. If you are approved, then you will either receive the funds at the branch or they will be deposited to your bank account.

You may be eligible for a bank personal loan up to $35,000, and you can discuss the individual terms and payment options at your local branch. Most bank personal loans have fixed rates, and may provide you with money as soon as the next business day, if approved.