In this Quick2lend Review, we’ll take a closer look at quite a number of things about their loan options that’ll help you make an informed decision. We’ll provide answers to how legitimate Quick 2 Lend is, talk about its Pros and Cons; and many more.
Let’s get started…
How does Quick 2 Lend works?
Quick2Lend is a reputable online loan broker in the United States providing connection between borrowers and lenders for short-term loans, instalment loans and personal loans.
They do all the hard work for you, searching a panel of more than 130 direct lenders and brokers in real time, to return a quick loan decision.
Quick 2 lend is a company that works alongside some of the largest direct lenders and eliminates the need to search multiple different unsecured loan providers.
If you require a loan for any legitimate reason, you can turn to quick to lend for assistance. You might be looking for a loan for a new car, or maybe you just need some short-term cash to pay the bills, or maybe you need an emergency loan for some other reason.
No matter what your needs are, all you have to do is fill out Quick to Lend’s brief form, and an immediate response will be sent online.
After you have submitted your application, the Quick 2 lend smart loan sourcing engine will immediately search through hundreds of different short-term loan products and put you in touch with a direct lender or broker who meets your needs.
If they are unable to find you a loan, they may provide you with an alternate service or product, such as a credit card or a product that reports on your credit history.
The majority of their loan lenders will provide consumers with FICO scores and credit histories spanning the entire spectrum with the option to apply for installment loans.
Loans from Quick2Lend typically range from $250 to $3,000 and can be repaid over a period of anywhere from 3 to 36 months.
If you extend the cost of repaying the loan over a longer period of time, your monthly payments will be lower; however, the total amount of interest you will pay will be higher.
Quick2Lend overview
| Quick2Lend Loan Details | Description |
|---|---|
| Company Type | Online Loan Broker |
| Affiliated Lenders | More than 130 direct lenders and brokers |
| Loan Types | Short-term loans, installment loans, personal loans |
| Loan Amounts | Typically range from $250 to $3,000 |
| Repayment Period | Anywhere from 3 to 36 months |
| Borrower Requirements | US Citizen, 18 years or older, Bank account in good standing, Not actively serving in the armed forces, Checking account that supports direct deposits, Reliable source of financial support |
| APR/Interest Rates | Rates ranging from 5.99% to 35.99% APR for qualifying borrowers |
| Application Process | Fill out brief online application, Get loan decision in 3 minutes or less, Receive cash in bank account |
| Pros | Increases chances of loan approval, Quick application process, Option for extended repayment terms, Services available for those with poor credit |
| Cons | Not a direct lender, No dedicated customer hotlines, Limited availability in some areas, No maximum limit on loan interest |
Quick to Lend Requirements
In order to be eligible for a loan, the potential borrower needs to be a citizen of the United States, be at least 18 years old, have a bank account that is currently in good standing, and not be actively serving in the armed forces, a checking account that supports direct deposits and a reliable source of financial support
APR / Interest Rates, Loan term
A loan from Quick2lend for $1,000 with a duration of one year and an interest rate of 14% would result in a total cost of $1,134.72 and a total payback amount of $1,134.72. APR 29.82%.
Rates ranging from 5.99% to 35.99% annual percentage rate (APR) for customers who qualify. Available to qualifying borrowers with loan terms ranging from 3 to 36 months.
In general, an annual percentage rate (APR) might range anywhere from 5.99% to 35.99%. Quick2lend Loans typically have a minimum payback term of 61 days and a maximum repayment duration of 72 months.
It is important that you read the loan agreement in its entirety before agreeing to take out a loan from a Quick2Lend lender. The annual percentage rate (APR) and repayment terms may be different than what is described on this website.
How to get Quick2Lend loan in 3 simple steps.
Step 1: Quick2Lend is going to ask you some questions about you.
Fill out the brief online application here with your personal details.
The process should just take about two or three minutes. They will look for a suitable match from one of their lenders.
Step 2: Get Approved in just 3 minutes or less
Carefully examine the deal that has been provided to you. Check the terms of the loan, including the APR, the amount of the loan, and the amount of time you have to pay it back. If the loan meets your requirements, you have the option to accept it and have the money deposited in a timely manner.
Step 3: Get Your Hands On The Cash
Following the completion of the approval process, you will be able to complete the acceptance process with the lender and have the monies sent immediately into your bank account.
Is Quick2lend Legit?
Yes. Quick2Loan is committed to upholding ethical standards in all of its lending processes. They make it a point to thoroughly investigate each and every one of the lenders that are a part of their network in order to guarantee that excellent business practices are followed in terms of treating consumers fairly and according to lending laws.
TILA (Truth in Lending Act) (Truth in Lending Act)
The Truth in Lending Act (TILA) and all other regulations pertaining to lending services are complied with and followed in every one of their business procedures.
Borrowers should carefully read all of the terms and conditions offered by the lender before electronically signing an agreement to obtain a loan.
The terms and conditions should clarify fees, late payment penalties, and any other information that is relevant to the borrower’s loan.
If the borrower did not receive this information from the lender he’s paired with, s(he) should insist that the lender provide him or her with the conditions of the loan.
Pros and Cons
Quick2Lend is a loan recommendation company that connects customers with the most qualified lenders who are ready to grant online personal loans based on the applicants and the types of credit they have.
Nevertheless, much like the majority of financial lenders, every company has both positives and negatives to sides:
Pros
In this quick to Lend loan review, let’s see some pros
- The applicant’s chances of being approved for a loan are increased because to the fact that Quick to Lend connects them with several lenders.
- The procedure for applying for a loan with the company is uncomplicated and quick. To finish the application procedure won’t take more than a few minutes of your time.
- Borrowers have the option of making payments once or twice each month through the company.
- Your loan can be repaid over as many as seventy-two months with the extended repayment terms offered by Quick to Lend.
- The company makes it possible for potential loan applicants with poor credit to submit an application and makes every effort to place them with an appropriate credit union.
Cons
- Since Quick 2 Lend is not a direct lender, they do not have any influence on the decision-making process regarding the terms of a loan agreement.
- They do not provide dedicated customer hotlines; therefore, in order to get in touch with them, the consumer must send an email.
- In certain areas, the availability of the company’s personal loan services is limited.
- There is no maximum limit on the interest loan that can be charged by the company for the amount you have borrowed.
Quick2Lend Reviews
Every loan that a borrower acquires through Quick2Lend is subject to the terms and conditions that are set out by the lender or lending partner.
These lending lenders pay Quick 2 Lend a fee in exchange for the opportunity to introduce you to their services.
Additionally, the company takes measures to prevent lenders with poor credit ratings from joining their team.
According to the information provided on quick2lend website, all of the monetary metrics, including annual percentage rate (APR), loan amounts, interest rates, and other loan statistics, are estimates and are subject to change depending on the final loan offer that you receive.
There is a possibility that the total amount of the loan will vary from one online lender to the next. Certain online lenders may conduct credit checks on applicants as part of the approval process for credit transactions.
The purpose of these checks is to determine the applicants’ credit histories in relation to lending services.
Borrowers should constantly consider all of their available options before making any selections, as there is a possibility that the rates offered by online lenders are not the best accessible.
FAQ
Here are some frequently asked questions you may want to ask about this Quick2lend loan Reviews
How much money am I allowed to borrow?
This amount is determined by the financial institution that provides the loan; however, common amounts range anywhere from $250 to $3,000.
Can I make my request in person, over the phone, or both?
Calls are not accepted by Quick 2 Lending. They do not run a call center because doing so requires a significant financial investment and they are committed to providing you with a service that is free of charge.
Quick2Lend has made the form very easy to use, and in addition to that, it is highly discreet. As a result, we encourage you to go ahead and seek a loan with full confidence that they will look after your information, and our goal is to swiftly and effectively connect you with a loan offer.
My credit is quite poor. Can I still obtain a loan?
Yes, Quick2lend has a panel that consists of several lenders who are willing to work with borrowers who have credit that is less than excellent or who have no credit at all.
In addition, if you take the offer of a loan and complete your payments on time, it’s possible that you’ll be able to raise your credit score.
Many of their lenders report to the major credit bureaus, and these agencies will report that you make your payments on schedule.
Be warned, however, that they will also report late or missed payments, so if you are unable to afford to repay your loan, please do not request a loan from them.
What happens if I’m going to be late with a payment?
Quick2Lend lenders adhere to a variety of different policies regarding late payments.
If you miss the deadline for making a loan payment or seek to skip a payment, the majority of lenders will charge you a small fee.
Before agreeing to the terms of the loan and signing the loan agreement, you need to ensure that you have read and fully comprehended the lender’s policy about late payments, which is outlined in the loan paperwork.
What exactly am I able to spend the loan on?
There are no restrictions on how you can spend the money from your personal loan at all! You are free to put the money toward whatever you want, from paying off debt to taking a trip.
When will I find out whether I’ve been accepted?
A notification from an approved lender on quick2lend will be sent to you within a few minutes to let you know whether or not you have been approved for the loan!
In the event that you are offered a loan, you will be given the opportunity to evaluate the terms of the loan, which you will then have the choice to either accept or reject.
Keep in mind that Quick2lend is a FREE loan quote service, and there is no obligation on your part until after you have decided to obtain a loan from one of their lenders.
Their webpage says loans up to $3000 with a 35.00% maximum APR, but they directed me to a loan for 1000 with a 467.00% APR!!!
bait and switch for sure!