Nowadays, it is easy to apply for a loan amount of over $30,000 from online lenders. Online lenders have less complicated loan procedure and the funds can be quickly released to the borrowers. The following are four lenders that offer unsecured short-term personal loans for a loan amount of more than $30,000 for residents in Florida.
LightStream offers personal loans from $5,000 – $100,000 with immediate funding in the same day of approval. LightStream charges lower APR interest for customers who opt for autopay. The typical APR for autopay pay is in the range of 2.19% – 17.49%. Without autopay, the typical APR is in between 2.24%-17.54%. To apply for LightStream loan, you must have a minimum credit score of 680. It does not charge a number of fees including origination, prepayment, and late fees. LightStream is ideal for people who have a credit history in the past few years. LightStream allows joint application as well as a co-signor application for a borrower with low credit score.
SoFi also offers a loan amount of $5,000 – $100,000 for the personal loans. It takes about 7 days for the funds to be released after approval. The typical fixed and variable APR for SoFi personal loans is between 5%-15%. SoFi is ideal for borrowers who have a credit score of at least 660. There is no requirement to have a credit history in order to get approved. Sofi allows prospective borrowers to get a soft credit check when they submit an online application. It reports your payment to all 3 credit bureaus. You can apply for a temporary suspension for 3 months each time for up to 4 times which equals to 12 months in the event that you are unable to pay your loan on time.
Earnest offers unsecured personal loans of up to $50,000 with a repayment period of up 5 to 20 years. The APR interest rate for Earnest loans starts from 5.25% – 12%. Earnest will take a look at several factors when determining whether to approve the loan including annual income, and debt to income ratio. You can get a 0.25% discount on the interest of you choose to pay your bill with automatic debt payment. Customers will be eligible to skip one payment per year if they have been on time in making payment for 6 months.
4. Lending Club
Lending Club is a p2p lending platform that offers loan amount from $1,000 – $40,000. The minimum credit score to get approved for a Lending Club p2p loan is 600. They are looking for borrowers with a credit history of at least 3 years. Borrowers must maintain a low debt to income ratio and 35% is the maximum ratio. The typical APR interest for Lending Club loans is in between 5.99% – 35.89%. The origination fee for the personal loan ranges from 1% – 6%.