Loans

How to apply for the Personify personal loan?

Personify loan offers loan options even for those with not-so-good scores. If you want to know more about the loan application process, keep reading our post!

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by Victória Lourenço

10/15/2021 | Updated on 10/25/2021

Applying for Personify personal loan

See how to apply for a loan with Personify! Source: Personify Financial
See how to apply for a loan with Personify! Source: Personify Financial

The Personify loan is for those with low credit scores. Also, this lender has a very simple application process, and you can get your funds in just a few business days. However, this lender might charge some relatively high APR fees. So, if you want to know how the loan application process works, keep reading our post!

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Apply online

It can be easy to apply online for a loan with Personify. Source: Unsplash
It can be easy to apply online for a loan with Personify. Source: Unsplash

It can be easy to apply online for a loan with this lender. But before applying, you can go to their website and see if you prequalify for a loan with this lender. Moreover, doing this prequalification process might need a soft credit inquiry. Also, the official application will need a hard credit inquiry, so keep this in mind before applying.

So, when you apply online, you will need to provide some of your personal and financial information and read their terms and conditions. After that, you can submit your application and wait for a response.

Apply using the app

See if you can apply using the app. Source: Unsplash
See if you can apply using the app. Source: Unsplash

You can only make your loan application on this lender’s website. Also, there is not much information about if this lender offers a mobile app to its users. However, you can manage your account online and control your loans as well.

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Personify vs. Universal Credit personal loan

If you think this lender charges a high APR on your state and are looking for a better lender option to pay off debt, we can help you. Therefore, we made a comparison with another lender, but this one might charge a much lower APR fee. So, check out our comparison of Personify with the Universal credit personal loan.

PersonifyUniversal Credit
APRThe APR charged by this lender can vary from 19.00% to 199.99%. Also, it varies per state.The APR charged by this lender ranges from 8.93% to 35.93%.
LOAN PURPOSEYou can use this loan to pay off debt or to pay for some other emergency.This lender can help you pay off your credit card, consolidate debt, use it for business purposes, make home improvements, or any other major purchase, among other things.
LOAN AMOUNTSThe loan amount varies by state, and it can go from $500 to $15,000.You can receive loans in quantities ranging from $1,000 to $50,000 as a borrower.
CREDIT NEEDEDYou can get a loan if you have a credit score of at least 500 points.A credit score of at least 560 points may be required to obtain a loan from this lender.
TERMSThe terms required by this lender vary per state. However, they can go from one to four years.This lender’s loans have periods ranging from three to five years from the date of the loan.
ORIGINATION FEEThe origination fee charged by this lender can be up to 5% (this fee can be different in each state.)This lender charges an origination fee that ranges from 4.25% to 8% of the loan amount.
LATE FEEThe late fees charged by this lender vary by state.If you don’t pay your loans on time, you may be charged a late fee, which varies based on the loan amount. This fee varies per case.
EARLY PAYOFF PENALTYThis lender does not charge an early payoff penalty fee when the borrower makes an early loan payment.There is no penalty for paying off your loan early with this lender.

How to apply for Universal Credit personal loan?

Do you need a loan to pay off debt, make home upgrades, or pay for other expenses? Read more to know how to apply for a Universal Credit loan!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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