Signature Loan personal loans review April 2018 | finder.com

SignatureLoan personal loans review April 2018

A fast loan that you can use for almost anything

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SignatureLoan helps you find personal loans that require an e-signature, or online signature. You can use each loan for almost anything you need, and they are usually unsecured. These personal loans can help pay for debt consolidation, a vacation, home improvements, etc. SignatureLoan does not directly provide funding, and instead works with a network of trusted lenders. After you apply with the online request form, SignatureLoan matches you up with the lender that works best with your financial situation.
Product NameSignatureLoan Personal Loans
Min Loan Amount$1,000
Max. Loan Amount$35,000
APR5.99%-35.99%
Minimum Loan Term0.25 year
Maximum Loan Term6 years
RequirementsAt least 18 years of age with a regular income. US resident or citizen.
  • Be at least 18 years old
  • Be either a U.S. citizen or permanent resident
  • Possess an email address
  • Have a valid telephone number
  • Have a valid checking account

Do you qualify?

To qualify for a personal loan from SignatureLoan, you must be an American citizen, a permanent resident of the US or in the US on a valid long-term visa. You must also be 18 years of age or older, and have a valid bank account in your name.

How does a personal loan from SignatureLoan work?

With SignatureLoan, you can apply for a personal loan, and receive funding from one of Signature Loan’s trusted lenders for an amount of $1,000 to $35,000. Approval depends on a variety of factors, including: debt history, credit rating, income level and bankruptcy history.

Most Signature Loan lenders just require an e-signature to get a loan, but a few others may require additional documentation. Throughout the network of lenders, the starting APR can be as low as 5.90%. Lending periods are flexible, and can range from 6 months to 5 years.

With a 24-month repayment term and a 15% APR, a $4,000 personal loan will require a monthly payment of $193.95. Rather than focusing just on your past financial history to determine eligibility, SignatureLoan also considers your current and future financial situation.

How does SignatureLoan stack up against other loan brokers?

Rates last updated April 22nd, 2018

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Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Min. Credit Score Max. Loan Amount APR
Even Financial Personal Loans
Get connected to competitive loan offers instantly from top online consumer lenders.
580
$100,000
4.99%–35.99% (fixed)
Monevo Personal Loans
Quickly compare multiple online lenders with competitive rates depending on your credit score.
580
$100,000
3.09%–35.99% (fixed)
CompareFirst Personal Loans
An easy-to-use loan connection service geared toward introducing first-time borrowers to affordable personal loans.
580
$50,000
2.99%–36% (fixed)
LendingTree Personal Loan
Receive up to five loan offers in just minutes through LendingTree's simple online form.
640
$35,000
Varies by lender (fixed)
Zippyloan Personal Loans
Apply with Zippyloan to be considered by over 100 lenders, all offering multiple loan options to suit your needs.
Varies by lender
$15,000
Varies by lender (variable)
TakeLend Personal Loan Connection Service
All credit types welcome
$15,000
Won't exceed 35.99% (fixed)

Compare up to 4 providers

What are the benefits of a SignatureLoan personal loan?

  • E-signature. Signature Loan utilizes e-signatures to speed up loan approval and processing. E-signature allows you to complete all documents online without any physical paperwork or scanning. Not needing to send in documentation means faster processing times, meaning you can get your funds sooner.
  • Quick requests. It only takes about five minutes to complete a request. If you meet all of the eligibility requirements, you could get approved just a few moments later.
  • Loans. You can get a personal loan from $1,000 to $35,000, and use it to pay for whatever you need. Funds can help with home improvement expenses, vacations, relocations and more.
  • Funding fast. After you submit the online loan request form, you will most likely receive funding within one to seven business days.
  • APR. Since SignatureLoan does not provide direct funding, the APR depends on each professional lender. On average, rates range from 5.90% to 35.75%, and are fixed.
  • Availability. Loan amount, APR and repayment term vary by lender, state law and credit score. SignatureLoan provides services in all states except Maine.

How much does a personal loan from SignatureLoan cost?

SignatureLoan allows you to pay over time, and repayment terms are flexible. Lending periods can range from half a year to five years. Payments are automatic, so you don’t have to worry about accidentally missing a due date.

You can choose to pay off the full loan before it is due, and SignatureLoan does not charge prepayment fees. If you decide to pay off the loan early, you are still responsible for the interest that accrued during the period the loan was outstanding.

How to apply with SignatureLoan

To apply for a personal loan with SignatureLoan, you’ll need to meet general eligibility requirements.

  • You must be a US citizen, a permanent resident or in the US on a valid long-term visa.
  • You must be at least 18 years old.
  • You must have a valid bank account.
  • Making at least $1100 per month, after taxes

Personal loans through SignatureLoan are not available to residents of Maine.
You’ll need to gather the following information before applying:

  • Your name, date of birth and social security number
  • Your contact information
  • Your employer’s name and phone number along with time employed
  • Your pay frequency and gross monthly income
  • Details from your driver’s license or state ID
  • Details from your checking or savings bank account

If you are looking for a quick way to get a personal loan up to $35,000, SignatureLoan may offer the solution. Before choosing to go with SignatureLoan, make sure to compare your personal loan options.

Frequently asked questions about SignatureLoan personal loans

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2 Responses

  1. Default Gravatar
    MichelleAugust 7, 2017

    I am only receiving SSDI benefits and I haven’t worked since 2013 but all the apps ask for employer info. Can I get a loan without a job and is my credit score of 564 enough?

    • Staff
      HaroldAugust 7, 2017Staff

      Hi Michelle,

      Thank you for your inquiry.

      While Signature Loan personal loans requires regular income. You may want to consider an “Unemployed loan” instead

      I hope this information has helped.

      Cheers,
      Harold

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