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Chorus Credit personal loans review

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Only residents of California are eligible to apply with this invitation-only lender.

finder.com’s rating: 2.75 / 5.0

★★★★★

  • Best for residents of California looking for a midsized loan.
  • Pick something else if you haven't received an invitation to apply.

$10,000

Max. Loan Amount

Up to 35.9%

APR

Details

Product NameChorus Credit personal loans
Min. Loan Amount$2,500
Max. Loan Amount$10,000
APRUp to 35.9%
Interest Rate TypeFixed
Loan Term24 to 60 months
Turnaround Timenext business day

Expert review

Kellye Guinan

Review by


Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

Expert review

Chorus Credit personal loans are ideal for residents of California with fair credit who’ve received an invitation to apply. They come with terms up to five years — relatively long for such small loan amounts. While this can make repayments more affordable in the short run, you’ll end up paying more in interest overall.

However, you’ll need to look elsewhere if you didn’t receive an invitation to apply in the mail. In that case, consider your other personal loan options below.

Am I eligible?

Chorus Credit is a new service and accepts loan applications from individuals by invitation only. However, here are the basic criteria you’ll need to meet before being extended an invitation:

  • Resident of California
  • Regular source of income
  • Age 18 or older

Pros

  • Payment history reported to Experian and TransUnion
  • No prepayment penalty
  • No restriction on how loan funds are used

Cons

  • Only available in California
  • Must have invitation to apply
  • Length of loan term set by Chorus Credit

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What do customers say about Chorus Credit?

BBB accreditedYes
Customer reviews verified as of05 November 2019
Because Chorus Credit was launched in late 2017 and is only available in California, there are no reviews listed online. If you decide to take out a loan through Chorus Credit, leaving a review of your experience is a good way to let others know how well the company treats its borrowers.

How do I apply?

If you received an invitation to apply, go to Chorus Credit’s website and enter your full name, ZIP code and the last four digits of your Social Security number. From there, you’ll be redirected to the full application.

What information do I need to apply?

To start your application, you will need your invitation code and Social Security number. Chorus Credit may require you to upload or submit other information to confirm your identity, employment or income.

What happens after I apply?

If your application is approved, you’ll be contacted by Chorus Credit to finalize your loan. Chorus Credit will then transfer your funds to your bank account. If you apply before 6 pm CT on a weekday, your loan should be funded by the next business day. If you apply for a loan on the weekend or after business hours, you may have to wait longer.

How do repayments work with Chorus Credit?

You can pay by ACH transfer, check or money order, and there is never a prepayment penalty. This means you can make early payments and multiple payments in a month, lowering the total amount you pay in interest in the long run.

Be sure you make your full payments on time. Chorus Credit reports this information to two of the three credit bureaus: Experian and TransUnion.

If you live outside California or haven’t been invited to apply, compare your other personal loan options.

Frequently asked questions

Personal loan ratings

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We analyze top personal loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate personal loan providers.

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