We won’t know if you’re pre-qualified for a personal loan until you’ve completed our personal loans pre-qualification form. When you fill out the form and press the “submit” button, your information is sent to our partner lenders so they can check for any pre-qualified loan offers. Within a minute or two, you should see your results page appear.
If there are pre-qualified offers available based on a soft inquiry of your credit report and history, you’ll see a breakdown of the terms (including the lender’s name, interest rate, monthly payment, repayment term, total cost to take out the loan). To move forward and submit a final application on the lender’s site, you can click on the green button that says “Claim Offer”.
If there are no pre-qualified loan offers available at this time, you’ll see some other resources to check out including payday loan alternatives and credit rebuilding resources. You’re welcome to try pre-qualifying again in 30 days. If your credit has improved, you may have a better chance of pre-qualifying at that point in time.
You should also know:
- If you are not eligible for a pre-qualified loan offer, you may receive what’s known as an adverse action notice from one or more of our lending partners. This is a formal notification that your application was not approved. Don’t be alarmed if you receive an adverse action notice - again, it’s just a formality, and does not mean that a hard review of your credit was performed.