The Basics

A personal loan is an unsecured loan, which means that it is not necessary to have any form of collateral such as property to be approved. Personal loan is typically meant for personal, family or household purposes, but there are no specific limitations on how one can be used.

At ClearPersonalLoan, you can request for a loan between $100 and $15,000. The amount you are actually approved for is dependent on a number of factors, including your income, employment, credit history, state of residence and the lender that you are connected with. In the event that you are not approved for a loan amount, you may still be eligible to be approved for a lower amount. Simply follow the instructions provided to make a loan request for a lower amount in real-time.

A short-term loan is an unsecured loan which means that it is not necessary to have any form of collateral such as property to be approved. It can be used to address immediate financial needs. Short-term loans are commonly used to bridge your finances in between paydays.

ClearPersonalLoan accepts loan requests 24 hours a day, 7 days a week. Our network of lenders is open at all times, unlike conventional banks that are only open during business hours. Once you are approved on our site, you will receive instructions on how to finalize your loan with your lender.

Approval

At ClearPersonalLoan, we believe that everyone deserves access to credit. Although credit is one aspect of your loan request that is assessed, our lenders consider a broad range of criteria to determine your eligibility, including your personal information, employment and state of residence. We work with lenders that provide loans for those with excellent credit, average credit or poor credit.

ClearPersonalLoan provides a user-friendly loan request process that provides you with useful information every step of the way. After you have submitted your loan request, we begin to locate a lender to approve your request. If a lender is found, you will be notified on our site in real-time. You will then be directed to your lender's site for instructions on how to finalize your loan. If we are unable to connect you with a lender, we will direct you to additional options to help address your financial needs.

For Your Information

If your loan request has been approved, you will be requested to review your lender's loan agreement. Once you have signed for your loan your funds are released, and typically received in your bank account as soon as the next business day.

Most lenders offer loan extensions and alternative repayment options in special circumstances. We recommend that you contact your lender directly to discuss the options available to you.

The amount of time you are given to repay your loan depends on the type of loan you are connected with. Installment loans are paid back over multiple payments, usually between 12 to 60 months. Short-term loans are usually paid back on your next payday. Since we are not a lender ourselves, the exact terms of your loan (including interest rates, repayment periods and monthly payment information) will be presented to you by your lender. Each lender uses their own policies to determine their terms, which often depend on the state you reside in, monthly income and credit history.

ClearPersonalLoan utilizes industry standard security protocol and enhanced 256-bit data encryption.

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