SpeedyNetLoan

When emergencies happen, a short-term loan can mean all the difference when covering unexpected costs. SpeedyNetLoan is a free service that quickly connects borrowers with lenders offering personal loans up to $5,000.

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3 /5
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$ 100 /mo
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    When emergencies happen, a short-term loan can mean all the difference when covering unexpected costs. SpeedyNetLoan is a free service that quickly connects borrowers with lenders offering personal loans up to $5,000.

    The swift application process allows you to connect with lenders within minutes of signing up. SpeedyNetLoan in transparent to users and makes it crystal clear they are not a financial institution but instead a marketplace to connect you with their trusted and extensive network of lenders.

    Once your application is approved by a lender, if you accept the loan terms funds may be processed and reach your account as soon as the next business day. You are under no obligation to accept the loan presented to you, in fact, SpeedyNetLoan recommends you research the terms and policies of the lender prior to signing any agreements.

    Our SpeedyNetLoan review will outline the pros and cons of this loan service as well as its offers, benefits, rates and application process in brief so that you can start the process right away.

    Why Get a Personal Loan From SpeedyNetLoan?

    If you want to access a quick loan, SpeedyNetLoan is the way to go. The company is named after its speedy application process and prompt loan connecting service. The website is very simple and features an easy-to-navigate design so you can find a loan to fit your preferences within minutes.

    Equipped with 256-bit SSL encryption, the sensitive information you share on their official website will remain safe and secure. It is worth noting that the company is not a lender or bank, but instead serves as a loan marketplace that is designed to evaluate your situation and connect you with lenders who can provide loan options to fit your unique needs.

    This online platform connects borrowers with lenders which can offer varying amounts depending on your income, employment and other basic information. For all kinds of borrowers worried about not making it until their next paycheck or facing unforeseen expenses, SpeedyNetLoan offers a solid strategy to quickly access funds that you can repay within months or a few years.

    What Does SpeedyNetLoan Offer?

    While SpeedyNetLoan does not customize the terms and rates of the loans themselves, it can help you find a loan that fits your borrowing requirements. Loans offered by the lenders featured within SpeedyNetLoan’s network are unsecured, meaning you don’t have to post collateral to guarantee loan repayment. Even listing your exact credit score is not a requirement to request a loan (although they do ask for your score range). You can request a loan for any of the following purposes and more:

    • Unforeseen Expenses
    • Medical Emergencies
    • Weddings Loans & Events
    • Repairs & Renovation
    • Personal Purposes
    • Missed Rent
    • Skipped Premium Payments
    • Baby Adoption

    While you can use the funds as you please, SpeedyNetLoan will ask you the purpose for using the loan when you send the request. Remember to scrutinize the lender you pick thoroughly to avoid any surprises like prepayment fees or late payment penalties.

    What Are SpeedyNetLoan Eligibility Criteria?

    As long as you are a US citizen over the age of 18 with a regular source of income residing outside of New York, Virginia, and the District of Columbia you are eligible for a loan through SpeedyNetLoan. Within a few minutes, you can register and find a lender that services your desired amount and criteria. For SpeedyNetLoan’s service, you need to satisfy the following eligibility requirements:

    • You must be 18 or older
    • You must be a resident of the USA
    • You must have a regular source of income
    • You must have an active bank account to receive the funds

    Pros & Cons

    Pros

    • Access to loans even when your credit score is poor and other lenders have rejected you
    • Obtain loans for as low as $100 or as big as $5,000
    • Receive funds in as little as one business day after lender approval
    • Secure form ensures your information is kept safe and confidential

    Cons

    • You cannot choose a repayment period shorter than 6 months
    • You cannot access a loan from SpeedyNetLoan lenders if you reside in states such as New York, West Virginia and Washington, DC
    • APR rates may be much higher than other financing options depending on your criteria.

    How to apply for a SpeedyNetLoan?

    Applying for a loan on SpeedyNetLoan is very straightforward. Simply enter basic information including name, date of birth, requested loan amount, loan purpose and credit type (range of credit scores).  Afterwards, you’ll be directed to fill in employment details like employer name, job position, time at current job, work phone number, monthly income information, next pay day and how you receive your pay checks.

    Finally, you’ll be asked to provide residential address details, answer whether or not you own your home, provide bank account details, a Social Security number, and a driver’s license number so that lenders can verify your identity.

    Next, SpeedyNetLoan will shortlist a group of lenders that match your borrowing requests. After you have been connected with a lender you will be presented with the loan terms and it is up to you to decide whether you would like to proceed with the loan. Once you are sure about the conditions, sign the loan agreement and the money will be deposited in your account as soon as the next business day.

    Rates, Terms and Fees

    Because SpeedyNetLoan operates as a marketplace, rates from participating lenders can vary.  Given the wide range of credit scores accepted, borrowers can anticipate APRs starting from 5.99% for the most creditworthy borrowers. As our SpeedyNetLoan review discovered, the service is only designed to match you with lenders who match with your criteria and does not directly lend itself, making it difficult to pin down exact APRs until after you are connected with a lender and given the loan terms. Our SpeedyNetLoan Reviews revealed that the lenders in this marketplace offer repayments periods ranging from 6 months to 5 years.

    When you browse through the list of lenders that SpeedyNetLoan matches you with, you’ll notice the differences in annual interest rates and fees. SpeedyNetLoan’s service is completely free to use and applying does not affect your credit score. Before accepting a quote and receiving approval, you should get a clear quote on the amount, interest rate, repayment period, and any origination fees, check processing fees, late payment fees, prepayment fees and any other costs before you sign any documents.

    Read more about APR here

    Bottom line

    SpeedyNetLoan works fast to connect you with credible lenders who can rapidly provide you with the loan you need. Although SpeedyNetLoan’s customer service is absent, once connected with a lender you can discuss any additional questions you may have about the loan. SpeedyNetLoan ensures that fast funds are available to you 24/7 no matter your situation.