MyChoiceLoans.com is not a lender and does not represent lenders as a loan broker or in any other capacity other than as a referral service. Providing your information on this Website does not guarantee approval for a product offering. There is no charge to use the MyChoiceLoans.com service. MyChoiceLoans.com may receive compensation from a lender in certain circumstances. MyChoiceLoans.com does not run your credit and is not acting as a credit services agent for you. Lenders may perform a soft pull of your credit during the rate quote process. Soft credit pulls have no impact to your credit scores or rating. If rate quotes are presented, if you wish to proceed with your loan request, you must select a rate quote and then finalize your loan directly with the lender you have selected. It is at this point that most lenders will perform a hard credit check with one of the three major credit bureaus, Experian, Equifax, Trans Union, under the Fair Credit Reporting Act, in order to evaluate your request promptly and adequately for determining if your information meets final qualification criteria for funding. Any hard credit inquiry will only be performed with your permission.
Final rates, terms and fees will be based on your individual credit history and usage, loan amount and loan term and will be underwritten by the potential loan lender NOT MyChoiceLoans.com. Any questions concerning presented rates, terms and fees should be directed to the potential loan lender. MyChoiceLoans.com is unable to answer any such questions, as MyChoiceLoans.com will not have access to your credit report or loan application, and does not participate in the lending process beyond making an initial referral.
A representative example of total loan cost of a personal loan would be: $15,000 loan for a 4 year term at 10.25% interest rate with a 2% origination fee. You would receive $14,450 ($15,000 less the $450 origination fee) and would make 48 monthly payments of approximately $382.24 which equates to an APR of 12.242%. The total cost of the loan would be $18,347.67.
In addition to matching borrowers with available loan options, MyChoiceLoans.com provides a venue through which you can obtain information and you can find third-party service providers, such as financial institutions, credit card providers, and other financial service professionals ("Service Providers"). MyChoiceLoans.com may share your information with a Service Provider so they can contact you about their product or service. We do not endorse or recommend the products or services of any Service Provider, and are not an agent or advisor to you or any Service Provider. You acknowledge and agree that Service Providers are solely responsible for any services that they may provide to you and that we are not liable for any losses, costs, damages or claims in connection with, arising from, or related to, your use of a Service Provider's products or services. We urge you to obtain the advice of financial advisors, insurance agents, brokers or other qualified professionals who are fully aware of your individual circumstances before you make any financial or insurance decisions. You acknowledge and agree that you rely on your own judgment and that of such advisors in selecting any products or services offered by Service Providers
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IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, the lender will ask for your name, address, date of birth, and other information that will allow the lender to identify you. The lender may also ask to see your driver's license and other identifying documents.
Disclaimer: MyChoiceLoans.com is not a lender and does not represent lenders as a loan broker or in any other capacity other than as a loan matching referral service, offering free rate quotes with no impact to your credit. MyChoiceLoans.com does not run your credit and is not acting as a credit services agent for you. Lenders may perform a soft pull of your credit during the free rate quote process. Soft credit pulls have no impact to your credit scores or rating. You must select a rate quote and then finalize your loan directly with the lender with which you have selected. Any credit product for which you apply is solely the product of the lender. Most lenders will perform a hard credit check under the Fair Credit Reporting Act in order to evaluate your request promptly and adequately. Your permission will be asked for prior to any hard credit inquiry being performed. Final rates, terms and fees will be based on your individual credit history and underwritten by the lender NOT MyChoiceLoans.com. MyChoiceLoans.com cannot guarantee final terms, rates or repayments as they vary by lender. Providing your information on this Website does not guarantee approval for a product offering. There is no charge to use the MyChoiceLoans.com service. MyChoiceLoans.com may receive compensation from a lender in certain circumstances.
Representative Personal Loan Example: For a $5,000 36-month loan at an interest rate of 6.03% with a 1.11% origination fee of $55.50, you will receive a loan amount of $4,944.50 and will make 36 monthly payments of about $152.18 at a 6.78% APR. Total loan cost would be $5,478.48.