Guide to Lenders Personal Loans
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Guide to Lenders is an online lending platform that connects borrowers to lenders quickly and easily. Instead of going from lender to lender to see what you qualify for, Guide to Lenders allows you to submit one prequalification form — which won’t harm your credit — to get you your rates in just a matter of minutes.
A few of their vetted lending partners include SoFi, Avant, Marcus: By Goldman Sachs, LendingClub, and LightStream—all of which offer a variety of financial products, including personal loans, home loans, refinancing loans, and home equity loans.
Another benefit to using Guide to Lenders is that they consider consumers across the credit spectrum, meaning borrower’s don’t need perfect credit—lenders will evaluate you based on your entire financial profile and only show you what you qualify for.
Guide to Lenders Loan Types and Terms
| Loan types |
|
| Loan amount | $100 – $50,000 |
| Repayment terms | Depends on lender |
| APR (interest rate in % | 4.99% – max depends on lender |
| Minimum credit score | No minimum |
| Lender type | Marketplace Lender |
| Good for: | Any credit type |
Who Guide to Lenders is Good For
- Any Credit Type
Guide to Lenders is a great platform to use if your credit isn’t in the best shape. Anyone can apply, but the way it works is that depending on factors like your credit score, income, and debt-to-income ratio, you’ll be eligible for varying loan amounts and rates. Those with the best credit scores will be able to borrow the most and with the lowest APR.
For those with low credit scores, you can still qualify but for a smaller loan and with higher interest rates. No matter your credit score, you can submit one quick form that will show you what you’re approved for so you can compare lenders more easily.
Guide to Lenders Personal Loans: Pros
- Short online form gets you rates from their network of lenders
- Good for all credit types
- Personal loans can be used for a variety of purposes
Guide to Lenders Personal Loans: Cons
- Their website does not display any information about fees or APR maximum from their network of lenders.
- Customer Support is lacking
How to Apply
Start comparing rates from Guide to Lenders’ partner lenders by filling out their preliminary pre-approval form. You can begin by entering the loan amount, which must be between $100 – $50,000.
By submitting the form, Guide to Lenders will run a soft credit inquiry, which won’t affect your credit score. When you move forward with a lender’s offer, they will run a hard credit check.
Here are some details you’ll need to fill out on their preliminary application form:
- Estimated credit
- Employment status
- Pre-tax income
- You can add a co-applicant
- Enter if you rent or own your home
- Zip code
- Name and address
From here, you’ll be presented with offers from lenders you qualify for within their network. Offers will include the amount you are approved for along with the APR and any fees the lender has. You can then select the offer you prefer and move forward with the application to receive funding.
Get my rateTerms & Requirements
Let’s take a look at the terms and requirements when securing a personal loan with Guide to Lenders.
Loan Requirements
- Loan requirements vary from lender to lender within the Guide to Lenders network. The best way to see if you qualify is by submitting their short pre-approval form which will not harm your credit score.
Loan Terms
- Loan terms vary from lender to lender within the Guide to Lenders network. Some may have fees or varying APR ranges. Be sure to read the terms and conditions before accepting an offer.
- A personal loan amount ranges from $100 to $50,000.
Repayment Terms
- The repayment terms of the loan depend on the lender and the loan amount.
Privacy & Security
Guide to Lenders collects the information you submit and shares them will their lending partners as well as third-party affiliates for loan services or marketing products.
In regards to security, Guide to Lenders states that they take physical, technical, and administrative measures to keep user information safe. All sensitive data is encrypted (such as personal information and credit card details).
Customer Support
Compared to other lending platforms, Guide to Lenders fall short when it comes to customer support. There is no live chat or phone number to reach a customer service agent. When we sent an email inquiry, we received no response. Additionally, their website does not provide an FAQ page or anything that might help users navigate their products.
Final Thoughts
Being able to compare rates online quickly and easily from multiple lenders can be a lifesaver when searching for personal loans, especially if you don’t have the best credit. Rather than jumping from lender to lender to see if you’re qualified, with marketplaces like Guide to Lenders, you can submit one short form and receive offers from lenders within their network who have pre-approved you.
Since Guide to Lenders does not provide much information on their website in regards to APR ranges, repayment terms, and fees from their lenders, you’ll have to submit the preliminary pre-approval form first to find this information.
Online reviews for Guide to Lenders are a bit lukewarm and we aren’t impressed with their customer support, but it doesn’t hurt to give them a try just to see what rates you might qualify for. From there, you can always reach out to the specific lender to find out more about their personal loan offer.
Address
Guide to Lenders
950 Tower Lane, 6th Floor
Foster City, CA 94404