If you need a quick personal loan ranging from $1000 – $1000 with monthly payments you should try eagle finance.
Although getting online loans with monthly payments might seem little bit difficult but on eagle finance, you could apply for a loan today and get approved instantly.
Eagle Finance, Who They Are?
Eagle Finance is a personal loan lender that operates in Indiana, Kentucky, and Ohio. It was founded in 1994 and offers loans ranging from $1,000 to $10,000 with terms of 8 to 24 months.
Eagle Finance markets itself as an alternative to payday and title loans, which means that it offers smaller loans with longer terms.
The company’s website says that it will try to work with borrowers even if they have a history of bankruptcy.
However, it’s important to note that not everyone will qualify for a loan from Eagle Finance, even if they have bad credit.
And if you do qualify, the cost in interest and fees may be high, which could ultimately set your finances back further.
How Does Eagle Finance Work?
Eagle Finance is a personal loan lender just like redwood coast finance which offers loans to borrowers with bad credit. The company’s loan process is as follows:
- You apply for a loan online or in person at a local branch.
- Eagle Finance reviews your application and your credit history.
- If you are approved for a loan, you will be given a loan offer.
- If you accept the loan offer, you will sign a promissory note and receive a check.
- You will then make monthly payments to Eagle Finance until the loan is repaid.
The interest rates and fees on Eagle Finance loans are typically higher than those offered by banks and credit unions.
However, the company does offer loans to borrowers with bad credit, which may not be available from other lenders.
Here are some additional details about the Eagle Finance loan process:
- The application process is simple and can be completed online or in person.
- The company offers loans ranging from $1,000 to $10,000 with terms of 8 to 24 months.
- The interest rates on Eagle Finance loans are typically between 15% and 30%.
- The company charges a variety of fees, including origination fees, late payment fees, and prepayment penalties.
If you’re considering a loan from Eagle Finance, it’s important to compare the terms and conditions to other lenders before you make a decision.
You should also make sure that you can afford the monthly payments before you take out a loan.
Benefits Of Eagle Finance
1. Offers loans to borrowers with bad credit. If you have a low credit score, you may have a hard time getting a loan from a traditional bank.
However, Eagle Finance is more likely to approve you for a loan, even if you have a history of bankruptcy or other financial problems.
2. Long repayment terms (8-24 months). This can help you make smaller monthly payments, which can make the loan more manageable.
3. Fast approval process. Eagle Finance aims to process loan decisions within 24 hours. This means you could get your money quickly, if you’re approved.
Cons Of Eagle Finance
1. High interest rates and fees. Eagle Finance typically charges high interest rates and fees on its loans. This means that you could end up paying a lot more than you borrowed in the long run.
2. Small loan amounts. Eagle Finance’s loan amounts are relatively small, up to $10,000. This may not be enough money to cover your expenses if you have a large financial need.
3. Not available in all states. Eagle Finance is only available in Indiana, Kentucky, and Ohio. If you live in another state, you will need to look for a different lender.
4. Not transparent about rates and fees. Eagle Finance does not disclose its interest rates and fees upfront.
This means that you won’t know how much you will actually pay for a loan until you apply and submit to a hard credit inquiry.
If you are considering a loan from Eagle Finance, it is important to weigh the pros and cons carefully. You should also compare the terms and conditions to other lenders before you make a decision.
Eagle Finance Loan Requirements
Here are the requirements for a personal loan from Eagle Finance:
- Must be a resident of Indiana, Kentucky, or Ohio.
- Must be at least 18 years old.
- Must have a valid driver’s license or state ID.
- Must have a checking account and a debit card.
- Must have a minimum credit score of 580.
- Must be able to provide proof of income and employment.
- May be required to provide collateral, such as a car title.
The exact requirements may vary depending on your individual circumstances.
You can get more information on the Eagle Finance website or by calling the company.
Here are some additional things to keep in mind when applying for a loan from Eagle Finance:
- The interest rates and fees can be high, so make sure you understand the terms of the loan before you sign anything.
- You may be required to pay a prepayment penalty if you pay off the loan early.
- The loan may be reported to the credit bureaus, which could impact your credit score
Here are some resources that you may find helpful:
Eagle Finance website: https://www.eagle.com/
Credit Karma review of Eagle Finance: https://www.creditkarma.com/personal-loans/i/eagle-financial-loan-review
Consumer Financial Protection Bureau (CFPB) website: https://www.consumerfinance.com