By Kevin Mercadante
OneClickLoan is a loan aggregator which compares the entire lending market, from loans as low as $1,000 and as high as $10,000. OneClickLoan also caters to those with very poor or no credit, alongside those with outstanding FICO scores. Founded and headquartered in Antigua, this West Indies-based company operates entirely online and is simply there to provide a free way for borrowers to find the best deal. The company has performed this service for almost 4 million borrowers across the United States in its decade of existence and boasts a team with more than 150 years of collective internet and tech experience.
Lenders found through using the OneClickLoan will have wildly different profiles on their services, but the service will allow consumers to search for loans from $1000 to $10,000. There are also options to select credit scores between “649 and under” and “750 or more” – along with “No Credit”. Repayments will be subject to the eventual lender’s service, but the collected partners offer between 6% and 29.95% APR on loans and repayments. Terms can be as long as 60 months. It is important to note that APRs vary according to the information supplied in your loan request and each lender’s policies, rates, and terms.
* Not all lenders adhere to these terms.
* APRs vary according to the information supplied in your loan request and each lender’s policies, rates, and terms.
Partners of OneClickLoan may ask for the following information to support your loan application:
The individual requirements for each lender will vary drastically, so be prepared to dig out documents and evidence to support the application process. Each provider will have different requirements for credit score, employment status, income etc.
Repayments through OneClickLoan partners are available with APR beginning at 6% and a maximum of 29.95% APR. The maximum term is 60 months and this will normally be tied to larger amounts of lending, where 12 months is the average for borrowing below $10,000. If OneClickLoan is unable to find a personal loan based on your information, it can also source loans for more immediate needs – these loans will be subject to higher APR.
The OneClickLoan website is home to an in-depth ‘How It Works’ section which is important in understanding the service on offer. To get in touch with OneClickLoan itself, you can reach the company via phone, contact form or at the company’s physical address.
Consumers can use the OneClickLoan system without spending a dime, which is incredible considering the service could save you thousands of dollars in saved interested. With fantastic search and comparison software, OneClickLoan is able to find you the best loan on the web. Without this system, you might never find the cheapest loan and you might spend hours and days looking in vain. Just be aware that OneClickLoan is not responsible for your experience with the eventual lender, it’s just a middle-man.
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Kevin Mercadante is a freelance professional personal finance blogger, and the owner of his own personal finance blog, OutOfYourRut.com. He has extensive backgrounds in both accounting and the mortgage industry. Follow Kevin on Google+.