How it works
We sit between you and a network of installment lenders. Here is exactly who does what at each step, so there are no surprises.
You send one request
Pick an amount, then fill in a secure form: what the money is for, your income and pay schedule, your address and the bank account where funds would go.
Lenders review it
Your request is shared with lenders and partners in the network. Each one applies its own rules and may verify your identity, income and credit.
You compare and decide
If a lender can help, you land on its website and see the APR, number of payments, payment amount and total cost. Signing is your choice.
Who does what
| Monthly Loan Match | Runs this website, collects your request and passes it to lenders. Free to you. Paid by lenders and partners when requests are submitted or accepted. |
|---|---|
| The lender | Decides whether to approve you, sets the amount, APR, fees and schedule, sends the money and collects your payments. |
| You | Review the offer, ask the lender questions and decide whether to sign. You owe nothing to anyone unless you sign a loan agreement. |
What lenders usually look at
- Income and how often you are paid. Lenders want the monthly payment to fit what you earn.
- Your bank account. Most lenders deposit funds and collect payments electronically.
- Credit history. Lenders may check one of the major credit bureaus or an alternative reporting agency. A hard inquiry can affect your score.
- Where you live. State law limits rates, fees and loan sizes, and some lenders do not serve every state.
After you accept an offer
The lender finishes its checks and sends the money to your bank account. Timing depends on the lender and your bank; some fund the next business day, others take longer. Your agreement lists each payment date. Many lenders let you pay early; ask whether there is any prepayment charge before you sign.
If you don't get an offer
Not every request is matched, and not everyone is approved. That isn't a mark against you with us. You might try a smaller amount later, ask a local credit union about a personal loan, or talk to a nonprofit credit counselor about a repayment plan for existing debts.
See what a monthly plan could look like for you
One free request. You decide whether any offer is right for you.