Top 2 Best Personal Loans up to $35,000
Loans of up to $35,000 can address various needs, providing quick access to funds and favorable repayment terms.
Sure, you can use an online loan platform to apply for an unsecured loan. There are various options available, and two notable ones in the U.S. market are Avant and PNC Bank.
Avant Personal Loans
Unsecured loans up to $35,000!
Avant is a credit company founded in Illinois back in 2012, gaining millions of customers and facilitating billions of dollars in unsecured loans.
What does this mean? Well, it means that the borrower doesn’t need to provide collateral with assets and real estate, as the money is released based on credit score and monthly income.
With positive reviews from its customers, Avant offers loan plans of up to $35,000, with various terms ranging from 24 to 60 months and interest rates ranging from 9.9% to 35.99%.
It’s worth noting that the monthly rates are fixed, but the percentage depends on the credit score, loan amount, and repayment term.
Avant doesn’t impose significant restrictions on the purpose of its loans, which can be used for any purpose, such as debt consolidation, home improvements, and various unforeseen expenses.
Thus, customers can address urgent and personal matters with the loan money.
- Credit for people with a low score: With Avant, there is the possibility of approval for people with less-than-perfect credit histories. Rates may indeed be higher in these cases.
- Quick and easy process: Applying for a personal loan with Avant is straightforward and fast. In a few minutes, the borrower fills out the application form with all their information.
- Other Avant benefits include plan flexibility for all needs, fixed rates with no surprises, and no penalties for early payment of installments.
How does the application process work?
Avant has some criteria for its customers: being a properly legalized citizen in the U.S. and being over 18 years old, which is basic. Ideally, you should have a minimum score of 550 points and a verifiable monthly income of $1,200. Additionally, the customer needs to gather documentation for income and identity verification.
The initial stage of the application process begins with the pre-qualification form, which requests information such as name, address, date of birth, monthly income, rent or mortgage amount, and email address. Subsequently, the customer submits the application to check the loan’s availability.
PNC Bank Personal Loans
The PNC Bank stands out as a renowned financial institution in the United States, serving an extensive customer base of over 8 million clients across approximately 20 states in the country.
Its services encompass a variety of financial solutions, including banking services, mortgages, personal finance management, investments, and personal loans.
The realm of unsecured personal loans at PNC Bank covers what is common in the market, offering fully adaptable plans ranging from $1,000 to $35,000, with repayment terms extending up to 5 years.
The interest rates are highly competitive, starting at 5.99% APR. The funds can also be utilized for a myriad of different customer needs.
PNC Bank Benefits
- Fixed rates and no surprises: PNC Bank offers flexible terms and fixed rates, eliminating any additional charges such as origination fees or prepayment penalties.
- Clear and quick process: The bank has a transparent system, outlining the conditions and providing online applications. This way, the client knows exactly how much they will pay and the terms of the loan.
- Additionally, PNC Bank does not impose fees for early repayment and even provides discounts on installments for those who choose automatic debit for their payments.
How does the application process work?
PNC Bank’s criteria align with industry standards, including U.S. citizenship or permanent residency a minimum age of 18.
Also, you need to have a valid Social Security number, a minimum credit score of 660, and a minimum annual income of $15,000.
It is even possible to apply for a loan with a lower score in certain situations.
During the application process, customers need to provide information such as their full name, Social Security number, date of birth, desired loan amount, and a photo ID.
Additionally, they must indicate the previous address if they have been at the current address for less than two years and provide information about their annual income and other sources of income.
These lenders offer unsecured personal loans with flexible terms, allowing you to borrow up to $35,000 to meet your everyday needs.
Before applying, make sure to review their specific terms, interest rates, and eligibility criteria to find the option that best suits your financial requirements.
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