Gloan FAQ

How can I apply?: You can apply by clicking the 'APPLY NOW' button on any of Gloan's loan type pages, select your estimated credit score, and submit an online loan application.
How does Gloan work?: Gloan works as an online loan directory providing financial information to borrowers and helping them pin point which loan type is the best choice.
How long do I get to repay my loan?: Generally, you have up to 5 years to repay your loan. However, the standard repayment schedule depends on which term period you chose on your loan application. Also, your loan can be paid off early without penalty.
How much can I apply for?: For unsecured personal loans you can apply for a maximum of $40,000. Business loans and mortgages are available in higher amounts.
Why do people get personal loans online?: Some common reasons people choose to apply for an online loan are 24/7 application availability, competitive loan rates and terms, and loan purpose flexibility.
Can I use a personal loan to repay credit cards with high interest rates?: Yes, a personal loan can be used for debt consolidation. You can also use a personal loan to refinance your home, pay for a family vacation, or to buy a new or used car or motorcycle.
I've been previously denied for a loan because of my low credit score. Should I apply for a bad credit loan?: Yes. If your credit is less than perfect and have been denied in the past, you are still eligible to apply. Check your rate today to see what options are available to you.
How are interest rates calculated?: Interest rates are assessed by calculating the borrower's risk of defaulting. Your credit history, types of credit utilized, and payment history are a few factors used to calculate your interest rate; the higher the risk, the higher the rate.