HonestLoans installment loans review

What is HonestLoans?

HonestLoans is an online lender-connection service that works to connect you with lenders that may be able to meet your needs. You specify the criteria you’re interested in, and HonestLoans searches its network of lenders based on those specifications.
After you submit your application, you could potentially receive an offer for an installment loan. If you’re approved, you’ll be redirected to the lender’s site. That specific lender then provides you with the terms and conditions of your contract. You’re required to repay your loan according to these terms, so review them carefully before you accept the contract.
HonestLoans does not service residents of the following states: Arkansas, Arizona, Georgia, Oregon, Virginia, West Virginia or New York.

What are the benefits of HonestLoans?

• Fast turnaround. HonestLoans boasts fast turnaround that extends to the lenders it partners with. You could be approved in minutes and receive your funds in as little as one business day.
• Online application. No need to visit a storefront — you can apply from the comfort of your home or wherever you can connect to the Internet.
• Multiple options. Because HonestLoans works with a network of lenders, you could be connected with several providers to choose from.
• All credit is OK. Installment and payday loans are designed for people with less-than-perfect credit. As long as you have a steady income and can make your payments on time, you’ll likely qualify for funding.
• Use money for any purpose. Once you receive your funding, you can use it for just about anything, whether you need to pay overdue bills, fix your car or simply get by between paychecks.

Curious about how installment loans work? Find out more

How does HonestLoans compare to other providers?

Check the websites of any providers you’re interested in to confirm whether they operate in your state.

A selection of online installment loans you can apply for

Are there any fees to apply?

HonestLoans is a free loan connection service. It doesn’t collect any fees for your application or when it connects you with a lender. A few loan brokers work on commission or through a subscription service, but with HonestLoans, lenders pay to become a part of its network, meaning there’s no cost for you to find a loan.

Is HonestLoans safe to use?

Yes. Its website is equipped with a state-of-the-art 256-bit SSL encryption system that protects your data as you complete your application.

HonestLoans reviews and complaints

HonesttLoans doesn’t have any online reviews. This is common for online short-term lenders. It’s not necessarily good or bad. But this makes it more difficult to know what kind of experience to expect with this provider.

Is there anything I need to do before applying?

• Confirm your lender is legitimate. HonestLoans may not go through each of its lenders to check for above-board practices. It’s up to you to confirm that the lender you’re connected with is safe and secure.
• Make sure you can afford it. Installment and payday loans are notorious for sky high interest rates. Before taking out this type of loan, make sure you can afford the high payments that come along with it.
• Check your eligibility. While HonestLoans doesn’t necessarily require that its applicants have the best credit, it does want to make sure you have the ability to repay. Check the eligibility requirements below to avoid getting caught short during the application process.

Go to HonestLoans.net's site

What do I need to apply with HonestLoans?

To ensure a quick, easy process, confirm that you both qualify and have the information you’ll need on hand to complete the application.
To qualify, you must:

• Be at least 18 years old (or the age of majority in your state).
• Be US citizen or permanent resident.
• Have an operational checking account.
• Prove your income of at least $800 monthly.
• Not reside in any of the following states: Arkansas, Arizona, Georgia, Oregon, Virginia, West Virginia or New York.

Required information

• Your name, address, email and phone number.
• Your date of birth, Social Security number and details from a valid form of ID.
• Your employer’s name, address and phone number.
• Details about your income.

How do I apply?

To be connected with a lender in HonestLoans’s network:
1. Go to HonestLoans and click Start Here.

2. Enter your name, the last four digits of your Social Security number, your birth year and your ZIP code. Then click Continue.

3. Indicate how much you’re looking to borrow, entering all required information. Then submit your application.
You’ll be connected with lenders willing to take you on as a borrower. Once you’ve selected a loan, carefully review and accept the terms and rates offered by the lender.

Go to HonestLoans.net's site

Bottom line

If you want the option of choosing from among more than one loan offer, HonestLoans could be worth looking in to. It could connect you to a short-term lender, despite your credit and financial situation.
But as with any type of loan, choosing a provider is a big decision. Make sure you take the time to shop around and compare your options before agreeing to any terms.

Are short-term loans available in my state?

Have any more questions about HonestLoans?

• Is there anything I should know before taking out an installment loan?

  Yes. To make an informed decision, you’ll want to know at least three things about short-term loans in general:

  1. You should generally take out a short-term loan only in financial emergencies. This type of loan is typically a one-time solution that could exacerbate your hardship, if you’re not careful. If you have structural financial problems that cause you to have difficulty repaying debts, you might want to consider credit counseling.
  2. You’ll want to make sure that you can repay your short-term loan on time. Missing the due date on a repayment could result in stiff fees and penalties.
  3. Before accepting a short-term loan, carefully read the lender’s terms and conditions carefully so that you know exactly what you’re paying and when payments are due.

• Can I repay my loan early?

  It depends on the individual lender. When reviewing your loan contract, be sure to ask whether your lenders charges extra fees or penalties for early repayment.

• How long will it take for me to receive my approved funds?

  Ultimately, how long you’ll have to wait will depend on both your lender and your bank. But funds from short-term lenders are usually deposited into your bank account on the next business day.

• Will a late payment on a loan affect my credit?

  It could. Not all lenders report to the big three credit bureaus, but some might choose to report late or missing payments. Reporting your payment is history is at the discretion of the lender.

• What do I do if I know my payment will be late?

  The best solution is to inform your loan provider of your situation as soon as possible. In the end, a lender wants to be paid. You may find that your lender is willing to extend your payment deadline or find other ways to help you through a difficult financial time.

• What if I don't want to accept the loan I'm offered?

  You are under no obligation to accept a loan if the terms don’t appeal to you.