Personal Loans in California Briefly Defined
Personal loans in Irvine will follow California laws on top of your specific lender’s policies. Learn more below.
Can You Get Personal Loans With Bad Credit
Yes, you can get a personal loan with bad credit, as many lenders offer bad credit loans.
These lenders will often consider multiple factors like your ability to repay the loan on time alongside common factors like your credit score.
Prospective borrowers should note that bad credit loans may also carry higher interest rates and stricter loan terms, as the lender will compensate for the perceived risk.
How Third-Party Lenders Can Help You Get Personal Loans
We can help you streamline the loan inquiry process and skip the trouble of finding a lender yourself.
- Simply start the process by filling out an inquiry form with your financial details.
- Your request will be forwarded to and reviewed by third-party lenders. After pre-approval, you’ll be contacted with an offer.
- Review the offer carefully. Your lender can provide professional guidance and details on your qualified loan. After accepting it, you can receive your money.
Personal Loan Laws in California
According to California Code, Civil Code – CIV § 2954.11, the maximum loan amount is $5,000, and the APR is capped at 10% per year.
The increased access to Responsible Small Dollar Loans (RSDL) allows lenders to charge different interest rates and fees if they follow specific rules. Only specific licensed lenders can participate in this program.
Conclusion
Personal loans can help Irvine residents in need to meet their financial goals.
Fill out our inquiry form to get the loan best suited for you.
FAQs
Learn more about personal loans in Irvine here.
When comparing loan offers from different lenders, ensure they have the following features:
Affordable interest rates
Flexible payment options
Potential refinancing options
No early payment penalties
Fast approval
A loan with the above features can help borrowers improve their credit scores and fund their needs quickly.
Prospective borrowers can get personal loans at the following institutions:
Banks
Credit Unions
Online lenders
There is no set rule on how many personal loans you can have at once as long as you meet the lender’s income, credit score, and debt-to-income ratio requirements.
