Preferred Loans
Online Payday Personal Consumer Loans up to $5,000
Easy Application, Fast Processing, Quick Approval, Any Credit Score
Request a Loan
Preferred Loans offers short term installment loans for various types of emergencies. The business is based in Columbus, Ohio. For over 2 decades, the lender has been providing short-term loans in various states. The company works at the following schedule: Mon-Fri: 9AM – 5PM. You can apply for a preferred installment loan online and get the funds as soon as the same day or the following day. Bad credit is not an obstacle to getting a loan.
| Company name | Preferred Loans, LLC |
| Founded | 1985 |
| Address | 1335 Dublin Rd. Suite 118-A Columbus, Ohio, 43215 |
| Website | preferredloans.com |
| Phone number |
(614) 488-3225
|
| customercare@preferredloans.com |
Pros
- Nationwide
- Direct lender in most states
- Easy online process
- Quick loan approval decisions
- Instant funding (within minutes, straight to your debit card)
- Direct transfers to your bank account
- For bad credit history
- No credit checks
- Repay any time with no penalties
Cons
- Limited loan products
- Not BBB accredited
- No user reviews
- You must be 21+ to qualify
- Limited information
Bottom line
PreferredLoans.com seems a good place to get an installment loan from. This lender is right if you need a larger loan to cover an emergency and need time to pay it off. But if you just need a small payday loan, search elsewhere. Anyway, you should read the agreement caregully as the website has no information about interest rates, fees and other charges.
Types of loans
Preferred Loans offers installment loans only. They can provide fast cash in an emergency. The main difference between payday loans and preferred installment loans is the repayment period. Payday loans are typically repaid in full on your next pay date, whereas installment loans are typically paid off in fixed installments over several months. Loan amounts vary by state.
Eligibility criteria
In order to get approved for a loan with Preferred Loans, you must:
- be at least 21 years old;
- be a US citizen or permanent resident;
- be currently employed and/or have a stable source of income;
- have an active checking account in your name;
- have a valid phone number and email address.
Category: Online Loans
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Posted by MiaAshton