Personal loans or short-term loans have always been helpful for people when they are facing an unexpected expense. With the arrival of online lending platforms, one can easily access the money with the quick application process.
BrightenLoans is among those platforms that are offering easy and quick access to cash. This platform plays a role of connecting borrowers with lenders with the help of online application form.
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- Loans From $100 to $15,000
- Instant Application & Approval
- Bad Credit Considered
- Lenders From All 50 US States Onboard
What is BrightenLoans?
Founded in 2011, BrightenLoans is a marketplace for borrowers and lenders. The platform is working on the strategy of providing easy access to cash. They connect borrowers with an extensive number of reputable lenders for personal loans. The platform permits borrowers to get instant cash in the range of $100 to $5000. They have developed a simple online application process; the repayment options are also flexible. The client can use these personal loans for any purpose such as automobile maintenance, unexpected medical expenses, family vacation, home improvements, etc.
What are the Pros and Cons of BrightenLoans?
BrightenLoan Pros:
✅Fast funding
✅Simple application
✅Several Lenders
✅Flexible credit score requirements.
BrightenLoans Cons:
❌ Improvement required for customer support segment
❌ Lack of information about lenders
Brighten Loans Vs other Competitive Loan Lenders
Brighten is a personal loan provider founded in 2011. It essentially connects borrowers to reputable lenders through the convenience of a web application. This way users are assured of fast access to loans and ability to choose lenders with better terms and affordable rates. Let’s compare how the lender compares to other equally good personal loan providers such as Opploan, Check n Go, and Speedy Cash; based on their loan limit, credit score, interest rates, and repayment period.
Brighten Loans
- Loan amount from $100 to $5,000
- No credit score check
- Annual interest rates of 5.99% to 35.99%
- Repayment period of 12 to 30 months
OppLoans
- Borrow limit $500 to $5,000
- Bad credit score is allowed
- Annual payment rate starts from 99% to 199%
- Payment period of 9 to 36 months
Check n’ Go
- Borrow from $100 to $500
- Requires a credit score of 300 to 850 points
- Fee rate starts from $10 to $30( depending on the State)
- 3 to 18 months repayment period
Speedy Cash
- Loans from $100 to $5,000 ( collateral security may be required)
- Accepts bad credit score
- Payday loans should be paid within 7 to 14 days depending on your pay schedule
- Annual rates of 459.90% but varies depending on state of residence
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