{"id":34155,"date":"2022-10-03T10:30:18","date_gmt":"2022-10-03T17:30:18","guid":{"rendered":"https:\/\/financer.com\/?post_type=company_single&p=34155"},"modified":"2024-06-03T06:16:49","modified_gmt":"2024-06-03T13:16:49","slug":"honest-loans","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/honest-loans\/","title":{"rendered":"Honest Loans"},"content":{"rendered":"\n

If you have less than good credit and need fast funding, a lending marketplace like Honest Loans can help you find offers that suit your current context.<\/p>\n\n\n\n

Honest Loans offers a loan comparison service that allows prospective borrowers to apply for a loan in minutes and get a decision within 24 hours. You can choose repayment periods of up to 36 months with APRs starting at 5.99%.<\/p>\n\n\n\n

Loan offers start from $100 and goes up to $50,000.<\/p>\n\n\n

Apply for a Loan on Honest Loans <\/a><\/div>\n\n\n

How We Rate Honest Loans<\/h2>\n\n\n\n

At Financer.com, all lenders go through a thorough research and review process. Here’s how we rate Honest Loans:<\/p>\n\n\n\n

Category<\/th>Rating<\/th><\/tr><\/thead>
Affordability<\/td>\u2b50\u2b50\u2b50<\/td><\/tr>
Application process<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Loan terms<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Transparency<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Customer support<\/td>\u2b50\u2b50\u2b50<\/td><\/tr>
Overall<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
<\/div>

Do We Recommend Honest Loans?<\/h3>Yes, we recommend Honest Loans as a reliable lending marketplace. Skip to our full review below and see how we rate Honest Loans<\/a><\/div>\n\n\n\n\n

Want to skip the details? Jump to our final verdict here<\/a>.<\/p>\n\n\n\n

Honest Loans Overview<\/h2>\n\n\n\n

Honest Loans is a lending marketplace that connects lenders with borrowers. The platform hosts multiple lenders and makes it easy for borrowers to find offers in minutes.\u00a0<\/p>\n\n\n\n

It’s easy to apply for a loan and there are no prepayment penalties or origination fees. What\u2019s more, the website is user-friendly, easy to navigate, and secure.\u00a0<\/p>\n\n\n\n

You can apply in minutes and get a decision within 24 hours. If you are approved for a loan, you can get funding as fast as the next business day and choose repayment periods spanning from 6 to 36 months.\u00a0<\/p>\n\n\n\n

Here’s a quick summary of Honest Loans:<\/strong><\/p>\n\n\n\n

Overview<\/th>Features<\/th><\/tr><\/thead>
Loan type:<\/strong><\/td>Personal loans<\/td><\/tr>
Loan amount:<\/strong><\/td>$100 to $50,000<\/td><\/tr>
Loan term:<\/strong><\/td>Up to 72 months<\/td><\/tr>
APR<\/strong>:<\/td>From 5.99%<\/td><\/tr>
Min. credit score:<\/strong><\/td>None<\/td><\/tr>
Monthly fees:<\/strong><\/td>None<\/td><\/tr>
Payout time:<\/strong><\/td>One business day<\/td><\/tr>
Weekend payout:<\/strong><\/td>No<\/td><\/tr>
Requirements:<\/strong><\/td>At least 18 years old
U.S. citizen
Active bank account
Regular income
Valid phone number and email<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
Visit Honest Loans to get started <\/a><\/div>\n\n\n\t\t

Compare loans from 79 lenders<\/h3>

Find the cheapest rate with one click<\/p>

\n <\/span>\n <\/div>\n
\n \n <\/div>\n<\/div>
Compare Offers<\/a><\/div>\t\t<\/div>

Honest Loans Pros and Cons<\/h2>\n\n\n\n

Here are some of the pros and cons of Honest Loans as a lending marketplace:<\/p>\n\n\n

Pros<\/h3>\n\n
    \n
  • A lending marketplace with a wide network of lenders.\u00a0<\/li>\n
  • Apply in minutes, get a decision within 24 hours, and get funded as soon as the next business day (if approved).<\/li>\n
  • A straightforward application process.<\/li>\n
  • No application fees. No origination fees. No prepayment fees.\u00a0<\/li>\n
  • Loan amounts range from as low as $100 up to $50,000.\u00a0<\/li>\n<\/ul>\n\n

      Cons<\/h3>
    • \n

      The process is entirely online.<\/p>\n<\/li>

    • \n

      No online chat feature.<\/p>\n<\/li>

    • \n

      No toll-free helpline for assistance.<\/p>\n<\/li><\/ul><\/div>\n\n\n

      Who Is Honest Loans For?<\/strong><\/h2>\n\n\n\n

      If you have fair or even bad credit and you are looking for a quick online loan, then Honest Loans is a good consideration.\u00a0<\/p>\n\n\n\n

      By providing access to multiple lenders, the platform gives you a pool of options to choose from. This increases your likelihood of getting the funding you need since different lenders have varying eligibility requirements.\u00a0<\/p>\n\n\n\n

      Although the site states that loan offers range from $100 to $50,000, the platform is most suitable for small emergency loans and cash advances.\u00a0<\/p>\n\n\n\n

      Eligibility Requirements<\/strong><\/h3>\n\n\n\n

      Here are the qualifying requirements for applying for a loan through Honest Loans:<\/p>\n\n\n\n

        \n
      • Be at least 18 years old.<\/li>\n\n\n\n
      • Be a U.S. citizen.<\/li>\n\n\n\n
      • Have an active bank account that accepts direct deposits.<\/li>\n\n\n\n
      • Have a regular stream of income.<\/li>\n\n\n\n
      • Have a valid contact number and an active email address.<\/li>\n<\/ul>\n\n\n\n

        Who It\u2019s For<\/strong><\/h3>\n\n\n\n

        Honest Loans is for you if:<\/p>\n\n\n\n

          \n
        • You have a less-than-perfect credit history.<\/li>\n\n\n\n
        • Need quick funding.<\/li>\n\n\n\n
        • Want to review multiple loan offers.<\/li>\n\n\n\n
        • Don\u2019t have collateral.<\/li>\n\n\n\n
        • Looking for an online loan.\u00a0<\/li>\n<\/ul>\n\n\n\n

          Who It\u2019s Not For<\/strong><\/h3>\n\n\n\n

          Honest Loans may not be a good option for you if:<\/p>\n\n\n\n

            \n
          • You are looking for a secure loan, mortgage, or auto loan.\u00a0<\/li>\n\n\n\n
          • You want the lowest APR rates.<\/li>\n\n\n\n
          • Need a loan of more than $50,000.<\/li>\n\n\n\n
          • You prefer to deal with a lender in person.<\/li>\n\n\n\n
          • You don’t want to be contacted by lenders\u00a0<\/li>\n<\/ul>\n\n\n\n

            How To Apply for a Loan via\u00a0 Honest Loans<\/strong><\/h2>\n\n\n