At LoansForDebtRelief.com, we are not a lender and do not make credit decisions or set interest rates. Once your loan inquiry is submitted and matched, your lender or lending partner will provide you with the details of their offer—including interest rates, repayment schedule, and any fees.
You are never obligated to accept a loan offer if the terms don’t meet your needs.
Repayment terms vary depending on your lender’s policies and your preferences. Many personal loans are repaid either monthly or biweekly, and in some cases, your lender may allow automatic withdrawals from your bank account on your agreed payment dates.
Note: You are not required to set up automatic payments as a condition of receiving a loan. Be sure to thoroughly review the repayment terms offered by your lender or lending partner to ensure you understand your obligations.
The total cost of your personal loan will depend on several factors, including:
Interest rates, fees, and other terms are set by the lender and will be clearly disclosed before you commit to a loan offer.
While actual loan offers can vary, here are general ranges commonly seen from lenders in our network:
| Category | Typical Range |
|---|---|
| Loan Amount | $500 – $35,000 |
| Loan Duration | 61 days – 72 months |
| Payment Frequency | Monthly or Biweekly |
| APR Range | Varies based on credit and lender terms |
| Prepayment Penalties | Varies by lender |
We encourage you to carefully review any loan agreement and ask questions before making a financial commitment.
Repayment terms generally range from 61 days up to 72 months, depending on the lender and the borrower’s qualifications. Loans are typically repaid in equal monthly installments, which include both principal and interest. Borrowers may pay off their loans early to reduce total interest charges.
Interest is generally calculated on a simple interest basis, and rates can vary between 5.99% APR and 35.99% APR, depending on creditworthiness and other factors.
| Loan Amount | Term (Months) | Estimated APR | Monthly Payment | Total Repayment |
|---|---|---|---|---|
| $500 | 6 | 28.99% | $90.48 | $542.88 |
| $1,000 | 12 | 29.99% | $97.18 | $1,166.16 |
| $2,500 | 18 | 24.99% | $149.09 | $2,683.62 |
| $5,000 | 24 | 19.99% | $253.34 | $6,080.16 |
Representative Example: A $1,000 loan repaid over 12 months at 29.99% APR would have monthly payments of $97.18, with a total repayment amount of $1,166.16. Rates shown are examples only and do not constitute offers of credit.
Important: APRs may exceed 35.99% and can vary significantly based on the lender’s underwriting criteria, loan product, and applicable state or federal law.
