You’re our first priority. Every time.
Best Fit Lending Advertisement Disclosure (last updated March 31, 2019):
We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward –- and free.
So how do we make money? Our partners and affiliates compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.
Bottom line? We’re on your side, even if it means we don’t make a cent.
What portion of Best Fit Lending’s services in connection with my loan request is free?
There is no cost to submit a loan request, get matched with lenders and receive conditional loan offers or quotes. You may review the conditional loan offers or quotes and talk to the lenders at no cost. Of course, the lender you choose may require a fee to process your formal loan application, appraisal, and/or credit report, but until you agree to pay the lender any fee(s), you may shop with Best Fit Lending at no cost.
How does Best Fit Lending get paid?
Best Fit Lending does not charge you, the consumer, a fee for its services. Who pays our bills? The lender. Of course, you will be responsible for paying any loan processing, closing costs or other fees to the lender with whom you close.
A Personal Loan can offer funds relatively quickly. Once you qualify, you could have your funds within a few days to a week. A loan can be fixed for a term and rate, or variable with a fluctuating amount due and rate assessed. Be sure to speak with your loan officer about the actual term and rate you may qualify for based on your credit history and ability to repay the loan. A personal loan can assist in paying off high-interest rate balances with one fixed term payment, so it is important that you try to obtain a fixed term and rate if your goal is to reduce your debt. Some lenders may require that you have an account with them already and for a prescribed period of time in order to qualify for better rates on their personal loan products. Lenders may charge an origination fee generally around 1% of the amount sought. Be sure to ask about all fees, costs and terms associated with each loan product. Loan amounts of $1,000 up to $100,000 are available through participating lenders; however, your state, credit history, credit score, personal financial situation, and lender underwriting criteria can impact the amount, fees, terms and rates offered. Ask your loan officer for details.
As of 14-May-19, Best Fit Lending Personal Loan consumers were seeing match rates as low as 3.84% (3.84% APR) on a $5,000 loan amount for a term of three (3) years. Rates and APRs were based on a self-identified credit score of 700 or higher, zero down payment, origination fees of $0 to $100 (depending on loan amount and term selected). Here are some examples of matches consumers were receiving during this time period:
*Rates and APR assume fixed rate for the term of the loan may not be available for all consumers, ask your lender for a fixed rate quote.
Here’s how it can work:*
Example 1: A $10,000 loan with a 5-year term at 13% Annual Percentage Rate (APR) would be repayable in 60 monthly installments of $228 each. The actual payment amount and year-end balance will vary based on the APR, loan amount, and term selected.
Example 2: A $25,000.00 secured personal loan financed for 60 months at an interest rate of 8.500% would yield an APR* (Annual Percentage Rate) of 8.496% and 59 monthly payments of $512.87 and 1 final payment of $513.24.
*These examples are for illustrative purposes only. The examples and match rates are not a guarantee, agreement, or commitment to loan funds or extend credit. Interest rates and terms are subject to change at any time without notice. Loans are not available in all states at all requested amounts. All loan applications are subject to credit approval by the lender(s) with whom you are matched. JTD Holdings, LLC (doing business as Best Fit Lending) does not offer, extend, or alter credit terms – it merely connects you with lenders who can perform such activities after reviewing your credit history (a hard pull of credit will be performed by lenders with whom you are matched in order to provide you with prompt responses to your loan needs) under the Fair Credit Reporting Act such permissible purpose exists in order to evaluate your request promptly and adequately. Rate, terms and fees will be based on your individual credit history and underwritten by the lender NOT Best Fit Lending. All Equal Credit Opportunity Act requirements are adhered to and each lender will provide you with all required disclosures. Request all fees, terms, and rate information from the participating lender as JTD Holdings, LLC does not receive any funds from you and only receives a “lead fee” from the lender.
The Personal Loan offers that appear on this site are from companies from which Best Fit Lending receives compensation. This compensation may impact how and where products appear on this site (including for example, the order in which they appear or whether a lender is “featured” on the site). Best Fit Lending does not include all Personal Loan companies or all types of offers available in the marketplace.
Personal Loan Providers determine the underwriting criteria necessary for approval, you should review each Provider’s terms and conditions to determine which loan works for you and your personal financial situation. All reasonable efforts are made to provide and maintain accurate information. All rates, fees, and terms are presented without guarantee and are subject to change pursuant to each Provider’s discretion. There is no guarantee you will be approved for credit or that upon approval you will qualify for the advertised rates, fees, or terms shown.
Our Network Members
By submitting an online mortgage, personal, or other financial product inquiry on a partner site through a Best Fit Lending, partner, or affiliate inquiry form, you agree to have your information delivered to one or more of our participating network members who may contact you by phone or email with information related to home buying, financing, or other related financial services.
Our network members include:
• Mortgage Research Center, LLC – NMLS # 1907, and their network of lenders.
• LendingTree – NMLS # 1136, and their network of lenders.
• QuinStreet – NMLS # 2547, and their network of lenders.
• Credible – NMLS # 1681276, and their network of lenders.
• Even Financial Inc. / Fiona, and their network of lenders.
• Credit Karma