FAQ
What are the terms of repayment of online personal loans?
When you receive an offer that fits your needs, you may negotiate the terms for repayment. Keep in mind that you’ll be repaying the loan amount plus interest. The payments will be due once a month, but the term can vary in the number of months. Send in an inquiry form now and we will try to find you a lender.
How do I find the loan most suitable to my personal needs?
When you send in your online request for a personal loan, it will be made available to an extensive list of lenders. You are under no obligation to accept any offer. If you select one that fits your needs, you can sign the agreement and work with the lender to get your money as quickly as possible.
I need money urgently – how long will it take to get my money?
The funding times can vary from lender to lender. From the time you sign an agreement, the lender will work quickly so you can get your money as fast as possible. In many cases, funding can be taken care of within one business day. To find out how quickly you can get cash, submit your inquiry form now.
Can I boost my credit score with a personal loan?
It usually depends on if the lender reports to one of the major credit bureaus or not. If you pay back the loan as the contract requires, and your lender does report to the bureaus you could boost your credit score. Make your payments on time according to the contract, pay the money back in full and check your credit rating.
If I am approved for an online personal loan, what can I use the money for? Are there any restrictions?
You can get online loans for any reason and use the money for whatever you need. While we encourage people to use it responsibly, there are no restrictions.
Are there any hidden costs with online personal loans?
SharpPersonalLoans.com works with trusted lenders, however it is your responsibility to make sure that every offer you receive includes all fees up front. Ask your lender to disclose all the fees related to your loan.
I have had problems with credit in the past. Can I still get an online loan?
Some of the lenders in our network only run soft credit inquiries. You would still need to meet some credit requirements, but you may get approved even with a bad credit score.
What exactly is an online personal loan?
A personal loan is a way to get the money for any personal need that you have. Personal needs can run the range from paying off bills that are due, covering school fees and tuitions or consolidating loans into one single monthly payment that is easier to manage. Online loans can also be used to manage day-to-day expenses if you’re caught between paychecks without enough money.
