Kashable loans review: Employer-based financing with competitive interest rates
Do you want to know about Kashable loan reviews? If yes, you are in the right place. In this blog article, we will discuss everything related to Kashable loans, such as pros and cons, interest rates, repayment terms, who can apply for the loan, how to apply, and so on. So let’s dive in.
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What you need to know about Kashable loans
Kashable loan is a short-term personal loan launched in 2012 in Austin, TX, available in almost 30 states of America. The online lender of Kashable loan offers loan ranges from $250 to $20,000 with competitive interest rates according to the market.
The interest rate may be relatively high for those who have a bad credit score. The loan provider claims that they provide $200 million in loans in different states.
Pros
Cons
Kashable Loan Terms
The Kashable loan terms vary depending on the loan amount, each with different repayment terms and conditions:
According to the terms, if you can pay early, you can save money on interest rates. So, make a plan to avoid late repayment and fees.”
May help you build credit
Kashable loans help improve your credit score, whether you have bad or good credit, as long as you repay the amount on time. This positively impacts your credit score.
However, keep in mind that failure to repay the loan on time will also affect your credit score. Therefore, create a repayment plan to ensure timely repayment of the loan.
Repayment through payroll deduction
After approval, you can receive your loan amount in your bank account within a day or a maximum of 3 days.
Repayment is handled through payroll deduction, for which you must enable automatic payment deduction from your bank account.
This will have a positive impact on your credit score, so ensure that automatic money deduction is enabled.
Kashable Laon Requirements:
If you’re unsure whether you’re eligible or not, here are some requirements to check if you qualify:
In case you have a bad credit score, you can still apply for a Kashable loan, but note that you may face a higher interest rate compared to those with a good credit score.
A closer look at Kashable loans
If you’re considering applying for a loan from Kashable, it’s important to delve into further details.
- Employment history plays a significant role in eligibility:
- Active military members are not eligible for Kashable loans due to specific criteria.
- Additionally, applicants are required to have a personal bank account to proceed with the application process.
How to apply for a Kashable loan
Not sure if Kashable is right for you? Consider these alternatives.
Here are slightly expanded alternatives to Kashable loans:
- Traditional Personal Loans from banks, credit unions, or online lenders.
- Credit Union Loans, often offer favorable terms to members.
- Peer-to-Peer Lending platforms connect borrowers with individual investors.
- Employer-Based Loan Programs are sometimes available as employee benefits.
- Credit Card Cash Advances, though they come with high fees and rates.
- Borrowing from Family and Friends, with clear terms and repayment plans.
Kashable Laons Reviews From Real Customers
Marie J
was super helpful and was able to explain and guide me through the process and steps on my loan. This is my 3rd loan with you guys and it’s been great!
Rolanda A
The process was seamless and went fast. **************** rep ***** was polite, professional, and very helpful. He answered all my questions. I highly recommend this company for loan needs.
Nicole D
I agree with everyone, the company *****. I had two loans, paid timely, but still, they will not let me refinance my loan. Customer loyalty means nothing to them. I believe they pick and choose as well. I cannot wait to be done. If I could give them a negative zero, I would. The service *****, the explanation is ridiculous.
Tommy M
No matter how much you beg and plead with this company, have payments caught up, and most of your loan paid off they don’t care about the people who keep them in business.
Donna W
Like a previous customer, I have paid on time, and have paid off three other loans. I was sent an offer to refinance when I applied…..now all of a sudden, “I don’t meet their underwriting criteria……hmmmmm. Seems very shady and this company needs to be investigated.
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