Find answers to common questions about requesting a personal loan through LoanBestie.
An installment loan is a loan that you repay over time through fixed, scheduled payments. Each payment includes a portion of the borrowed amount (principal) and interest, with terms and amounts determined upfront for predictable repayment.
No, LoanBestie.com is completely free to use. We do not charge any fees to connect you with lenders.
You can request a loan of up to $5,000, though the final amount will depend on the lender’s approval criteria.
If approved by a lender, funds are typically deposited as soon as the next business day.
To qualify, you must be at least 18 years old, have a checking or savings account with direct deposit, and earn a minimum monthly income of $1,000.
We take data security seriously and use industry‑standard encryption and privacy measures to protect your personal information. Your data is only shared with lenders as needed to facilitate your request, in accordance with our Privacy Policy.
Some lenders may perform a credit check, which could include inquiries with credit bureaus or alternative credit data providers. The impact on your credit score depends on the type of inquiry the lender performs.
While we connect you with lenders, approval is based on the lender’s evaluation of your application. Meeting the minimum requirements does not guarantee approval.
| Loan Amount | $1,000 | $2,000 | $5,000 | $10,000 |
|---|---|---|---|---|
| Interest Rate (APR) | 24.00% | 19.00% | 13.00% | 8.00% |
| Loan Term | 12 Months | 24 Months | 48 Months | 60 Months |
| Origination Fee (%) | 3.00% | 5.00% | 8.00% | 10.00% |
| Origination Fee ($) | $30.00 | $100.00 | $400.00 | $1,000.00 |
| Monthly Payment | $94.56 | $100.82 | $140.84 | $212.90 |
| Number of Payments | 12 | 24 | 48 | 60 |
| Total of Payments | $1,134.72 | $2,419.68 | $6,760.32 | $12,774.00 |
Select an amount to see your options and get connected with a lender.
Example: A $1,000 loan over 15 months at an APR of 31.65% results in total repayment of $1,221.60. APRs range from 5.99% to 35.99% with repayment terms from 61 days to 72 months. Actual loan terms vary by lender and applicant qualifications.
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This website is not a lender, loan broker, or financial institution and does not make credit decisions or offer any loans or financial products directly. Instead, we provide a free service that connects users with independent, third-party lenders or financial service providers who may offer loans or credit products based on their own criteria. We do not guarantee loan approval, amounts, rates, or terms. Submitting your information does not constitute a loan application and does not guarantee that you will be approved for a loan.
We do not charge you for this service. To support this free service, we may receive compensation from lenders or partners when you are connected with or approved by a lender. This compensation may impact how and where offers appear but does not affect the content, integrity, or availability of products.
Loan terms, including APR, repayment period, fees, and other conditions, are determined by the lender and will be clearly disclosed to you before you accept any offer. Representative APRs range from 5.99% to 35.99%, with loan durations typically ranging from 61 days to 72 months. Not all lenders offer loans in all states, and our services may not be available in certain locations, including New York.
Example: A $1,000 loan over 15 months at an APR of 31.65% results in total repayment of $1,221.60. APRs range from 5.99% to 35.99% with repayment terms from 61 days to 72 months. Actual loan terms vary by lender and applicant qualifications.
Lenders in our network may perform credit checks using national databases to assess creditworthiness. This may include a soft or hard credit inquiry. Late or missed payments may negatively impact your credit score. Loan eligibility is determined by individual lenders based on factors such as income, employment status, and credit history.
By using this website, you consent to our Terms of Use and Privacy Policy. You are under no obligation to use our services, and you may discontinue the process at any time. For full details on loan terms, conditions, and lender policies—including late payment, non-payment, and renewal terms—please contact the lender directly.
In accordance with the California Consumer Privacy Act (CCPA), you have the right to opt out of the sale or sharing of your personal information. To exercise this right, please visit our Do Not Sell or Share My Personal Information page.
