Thank you for your interest in PrimeRates
PrimeRates provides access to personalized loan offers through our simple and quick pre-qualification process. Once you’re pre-qualified, you can select the best offer for you and finalize the loan request with the lender.
What Happens Next?
Now that you’ve submitted your information, here’s what to expect during the loan process:
1. Review Your Offers
Within minutes, you may receive multiple pre-qualified loan offers from our network of trusted lending partners. Each offer will include key details such as the estimated APR, monthly payment amount, loan term, and any applicable fees. Take the time to compare these offers carefully before making a decision.
2. Choose the Right Loan for You
Consider more than just the interest rate when evaluating offers. Look at the total cost of the loan over its full term, including origination fees and any prepayment penalties. A slightly higher rate with no fees may cost less overall than a lower rate with significant upfront charges.
3. Complete Your Application
Once you select an offer, you’ll be directed to the lender’s website to complete your full application. At this stage, the lender may perform a hard credit inquiry, which could temporarily affect your credit score. Be prepared to provide documentation such as proof of income, employment verification, and identification.
4. Receive Your Funds
After your loan is approved and you accept the final terms, many lenders deposit funds directly into your bank account. Depending on the lender, you could receive your funds as soon as the next business day.
Tips for Managing Your Loan
Borrowing responsibly starts with a plan. Before you accept a loan offer, make sure the monthly payment fits comfortably within your budget. Setting up autopay can help you avoid missed payments, and some lenders offer a small interest rate discount for enrolling. If your financial situation improves, consider making extra payments to reduce your total interest costs — but check with your lender first to confirm there are no prepayment penalties.
About PrimeRates
PrimeRates is a financial technology company dedicated to helping consumers and business owners find the right lending products. Our platform connects borrowers with a curated network of lenders, making it easy to compare personalized loan offers without affecting your credit score. Whether you’re consolidating debt, funding a home improvement project, or growing your business, PrimeRates simplifies the process of finding competitive rates from reputable lenders.
Have questions? Visit our About Us page to learn more, or reach out to our team at Contact Us.
DISCLOSURES
Prequalified Rates:
Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Rates and terms are subject to change without notice. Rates from Lenders may differ from prequalified rates due to factors which may include, but are not limited to: (i) changes in your personal credit circumstances; (ii) additional information in your hard credit pull and/or additional information you provide (or are unable to provide) to the Lender during the underwriting process; and/or (iii) changes in APRs (e.g., an increase in the rate index between the time of prequalification and the time of application or loan closing. (Or, if the loan option is a variable rate loan, then the interest rate index used to set the APR is subject to increases or decreases at any time). Lenders reserve the right to change or withdraw the prequalified rates at any time.
Requesting prequalified rates on Credible is free and doesn’t affect your credit score. However, applying for or closing a loan will involve a hard credit pull that impacts your credit score and closing a loan will result in costs to you.
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Editorial:
We receive compensation from the companies below if you click on a link or purchase a product. Amount of compensation does not impact the ranking or placement of a particular product. Not all available financial products and offers from all financial institutions have been reviewed by this website. This content is not provided by Credible or any of the Providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.