- New Jersey
- New York
- North Carolina
Max. Loan Amount
15.9% (starting at)
Anna Serio is a trusted loans expert who's published more than 800 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Fundera, Business.com, and ValueWalk feature her professional advice, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.
Boro is one of a handful of lenders willing to work with college students — especially international students. While its rates don’t start as low as your standard personal loan provider, it’s one of the most competitive financing options out there for the borrowers it works with.
You need to be a resident of one of the 18 states it lends in to qualify, however. And it’s not ideal for students looking to borrow large amounts — its loans are capped at $3,000.
Not sure Boro is right for you? Compare more personal loan options below.
To meet Boro’s general eligibility requirements, you must meet the following requirements:
Before you get started, have the following documents on hand to speed up the application process:
Boro will process your application and notify you of your approval status. Once you sign your loan documents, you may be able to have your loan funds deposited into your bank account as soon as the same day.
How much you owe each month should be outlined in your contract. Boro has two options for repayment: automatic payments or check. Automatic payments involve less work — just connect your bank account and Boro automatically deducts your repayment each month when it’s due. If you pay by check, you’ll need to send it a few days before your payment is due to make sure Boro receives it in time.
If you’re more than 15 days late on a payment, Boro charges a late fee of $15. It might also show up on your credit report and hurt your credit score. If you’re concerned you’ll be late or have any additional questions about your loan, call 800-840-6604.
Image source: Boro.com
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.