|Loan types||Unsecured personal loans|
|Loan amount||$1,000 to $40,000|
|Repayment terms||24 to 84 months|
|APR||4.99% - 35.99%|
|Minimum credit score||All credit scores|
|Best for||Customers seeking to compare various loan offers|
Founded in 2005, GuideToLenders is dedicated to helping customers find the best possible financing solution. While it does not originate loans, it has helped customers access over $16 billion in funds since its establishment, all free of charge. It provides a simple application that connects you to a broad network of well-respected lenders, while letting you find the best match for you.s.
GuideToLenders is ideal is ideal if you’re looking to finance projects that require quick funds to be repaid later. It doesn’t limit the purpose of loans you can apply for and it's a great option if you prefer to evaluate your options carefully before getting a loan. GuideToLenders works with a community of established loan providers, and the simple application is a great way to shop around without having to visit every single lender individually.
While GuideToLenders is not directly a lender, its loan partners work with borrowers with a wide range of credit scores and qualifications. If you are working to improve your creditworthiness you can find a loan even when other providers may turn you down. GuideToLenders doesn’t charge fees for services, letting you complete your loan application without an obligation to accept any terms offered by its partners. It also offers a host of educational resources including articles and guides on personal loans, the basics of financing and budgets.
Highlights for GuideToLenders:
Applying for a loan with GuideToLenders is a streamlined process. To get started, customers fill out a single form to receive preapproval. This initial step asks for basic information including contact details, financial history, and specifics relating to employment. Information requested in the application includes:
The company does set some straightforward requirements for qualification. These include:
Additionally, customers may be required to present more information and meet further qualifications by the loan provider they eventually choose to work with.
Once the application process is complete, customers will be matched with several potential lenders to effectively compare their options side-by-side. When they agree to terms with a provider, they will complete the application process directly with the selected lender. It is important to note that at this step GuideToLenders will no longer be involved in the approval process as it only works to connect lenders to prospective borrowers.
Unlike many direct lenders, one of the best things about GuideToLenders is that it gives customers choices. It does not originate its own loans, but it does have a network of reliable lenders who specialize in a variety of fields, from medical loans to auto repair. Thanks to this strong network, you can find a loan that is tailored to your needs while benefiting from competitive rates due to the number of available alternatives. When you receive approval through GuideToLenders, you are immediately matched with several prospective lenders who will extend potential offers.
Some of the higher loan amounts offered are only available to customers with excellent credit, but the company’s partners offer a wide enough range that any borrower can find a useful loan with little trouble.
Customers can choose from a substantial range of available loan terms and amounts with GuideToLenders’ partners. The company’s network offers loan terms that start as low as 24 months alongside repayment durations stretching up to 84 months, a figure representing significantly more options than many other lenders. Additionally, borrowers can request as little as $1,000 and as much as $40,000. It is important to note that not all lenders in the company’s network offer the same terms, and that loan specifics are always determined by the borrower and the loan provider once customers have accepted a term sheet from their chosen financier. GuideToLenders does not offer information regarding interest rates on its website, but customers can generally find APRs from the company’s partners starting as low as 4.99%.
Borrowers applying for a loan through GuideToLenders can rest easy knowing their information is kept secure. The company is very transparent about what personal data they collect and what they use it for. This includes basic contact details, Social Security and driver’s license numbers. Furthermore, the company does not share information with any unauthorized third parties outside of its service partners. The company also collects some non-identifiable information to improve services, but all information transmitted online is secured using industry-standard safety measures and encryption protocols.
Getting in touch with GuideToLenders is as simple as filling out an email ticket on the website. We would like to see some more channels available for communication, such as telephone or live chat, but were satisfied with the existing service. Our queries were answered in as little as 1 business day, and responses were both professional and comprehensive.
Prospective borrowers have a lot to gain by exploring GuideToLender’s offerings even though there are some areas where the company can improve its service offerings:
Even with a few minor drawbacks, we discovered several standout aspects during our research that set GuideToLenders apart:
Customers of all walks who are exploring financing alternatives can benefit greatly by taking advantage of GuideToLenders marketplace model. The company offers an excellent variety of loan options through its network of lenders with great terms and amounts. Customers can find the right loan for their needs after comparing available options instead of having to fit into existing services that may be suboptimal for their circumstances. Thanks to a marketplace that encourages competition and gives customers the upper hand in closing loan terms, GuideToLenders offers an outstanding service free of charge with transparent and reliable results.
950 Tower Lane, 6th floor
Foster City, CA
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