Laurel Road Personal Loan Review

Anyone looking to do good financial planning should know exactly what their daily and monthly expenses are. When faced with an emergency or unexpected debt, it is common for us to take out a loan to better manage finances.

Personal loan is considered to be one of the best alternatives since you pay it for a certain period of time, with lower interest rates and more flexibility.

Thus, personal loans work as a tool that helps you organize your finances, allowing you to pay without going through financial hardship, since it has lower interest rates than traditional banks and you can choose the one that best meets your needs.

You can apply for a personal loan for the most diverse purposes and for you to better understand how it works and all its advantages, we are going to show you more details about the Laurel Road Personal Loan.

Who is Laurel Road Personal Loan best for?

The Laurel Road Personal Loan is ideal for people who have a good credit score. That’s because Laurel Road’s average approval credit score is 700 or higher. This means that Laurel Road Personal Loan is not for everyone, but for those most qualified to apply for the loan. If you don’t have a good credit score, unfortunately, you won’t be able to qualify.

The Laurel Road Personal Loan is also suitable for people looking to consolidate their debts and reorganize their financial life. Also, the company allows you to use co-signers or borrowers to apply for your loan.

Laurel Road is also indicated to meet the needs of healthcare professionals, such as doctors, nurses and dentists, offering flexible terms and easier payment.

What are the benefits of Laurel Road Personal Loan?

Laurel Road Personal offers some interesting benefits that can help you make your decision. See what they are:

Payment reporting to the country’s top three credit bureaus: Laurel Road forwards your payment reports to the country’s main credit bureaus, including the date and amount of payment made.

Available in all 50 US states: Laurel Road Personal Loan is available in every state across the country, making it easy for you to borrow wherever you are.

Discounts for automatic payments: If you set your loan payment to automatic debit, Laurel Road offers discounts for this feature, allowing you to save even more.

Direct payments to creditors: Laurel Road Personal Loan Offers payment directly to creditors, facilitating the process by avoiding the accumulation of late fees, which can culminate in the increase of the original loan amount.

Personalized Loans for Physicians: Laurel Road Personal Loans are specially developed for healthcare professionals such as doctors, nurses and dentists, with a personalized loan structured according to their needs.

Laurel Road Personal Loan Details

Amount Available for Personal Loan: At Laurel Road Personal Loan you have access to loan in amounts from $5000 to $45000, but this may vary depending on the purpose of your loan.

Loan Terms: You can pay off your Laurel Road Personal Loan in three to five years. It is worth mentioning that the longer the payment term, the higher the interest rate charged on your loan.

Laurel Road Personal Loan Interest Rates and Fees

Before making your decision, it is important to know all the fees charged by the Laurel Road Personal Loan:

• Interest rate: Interest rates can range from $7 to 24.75%.
• Origination Fee: Laurel Road Personal Loan does not charge its borrowers an origination fee.
• Late Payments or Prepayments: A fee of $28 is charged for late payments, but no fee is charged for early payments.

Qualifying for Laurel Road Personal Loan

As stated earlier, personal loans are a great tool to help re-establish your financial organization and pay off your debts. We often need a quick cash injection to pay our expenses and personal loans are the ideal alternative.

But, it is necessary to keep in mind that to guarantee your Laurel Road Personal Loan you must meet the requirements required by the company and obtain its approval, which are:

• Must have a credit score of 700 above, 660 for co-signers.
• Never experienced or filed for bankruptcy in the last 4 years.
• Must be a US citizen or permanent resident of the country.
• Must have a maximum debt-to-income ratio of 43%, including your mortgage.
• Must be employed.

It is easier and faster for medical professionals to obtain their qualification, and they can also count on an extended payment period of up to six years, which are some of the great advantages offered by the Laurel Road Personal Loan.