When looking for a loan, many consumers are finding it much easier to use an online lender. One of the biggest reasons they are so popular is because of their easy and flexible applying process. Frankly, you can get approved for an installment loan in a matter of minutes right from the comfort of your couch. There’s another factor that’s very attractive for people when it comes to applying online and that’s anonymity. You never have to look at a loan officer to see whether you are approved or denied.
Even though its easier for you, you should still be alert about who you borrow money from. Here are some of the top online installment lenders you can trust:
Lending Club: This peer-to-peer lender will allow you to get money from investors instead of from an actual company. Loans from this company can carry fixed APRs that range from 5.99%–35.89%.
Avant: This is another option. With loan amounts ranging from $1,000–$35,000, with fixed APRs that range from 9.95% –36.00%, this is another pretty good option to go with. Even if your credit is fair or poor, you have a great chance at getting a loan. The minimum requirement to apply for a loan is a credit score of 580.