What you should know
What is a personal loan through Level?
It’s a low, fixed rate loan between $500-$50,000, with loan terms of 2-5 years so your monthly payments don’t change. There is no prepayment penalty, and no hidden fees.
Why should I consider a personal loan through Level?
Using credit cards can be expensive. A personal loan can be a smarter way to consolidate debt or fund your next major purchase.
How long does the process take?
In most applications, we offer same-day decisions. The funds can be sent within 72 hours if qualified.
Our loan options at Level put you back in control of your personal finances.
When life happens, your savings might not cover everything and we know how frustrating – or even embarrassing – it can feel. Our lending specialists have helped many Americans in similar situations by finding the right loan option for them.
The process is quick and easy, check your rate and loan options now.
Personal Loans for what you need
and when you need them.
Take a look at all the ways Level Lending offers low-interest personal loans to simply make life’s moments – from big milestones, to small weekend projects, and everything in-between. Level offers many affordable and completely doable options, so you can enjoy life’s moments.
Credit Card Consolidation
Check out Level Lending’s quick and easy application process.
Find the rate that you qualify for in 60 seconds with no commitment.
2 Complete your application
When you're ready, complete your online loan application with help from Level Lending loan consultants.
3 Receive you funds
Sign your documents and funds will be wired to your account as soon as the same day.*
Start saving thousands with a low, fixed rate.
Did you hear credit card variables are rising in 2022? See how you can save thousands on interest by consolidating debt into a low fixed monthly payment.
5-year interest paid
5-year interest paid
Example chart shows calculations based on a 5 year Level Lending Personal Loan with a fixed rate of 11.66% APR, which is the rounded average median funded APR for Level Lending Personal Loan borrowers who took out a loan with a 5 year term” from March 28 2021-March 28 2022. Lowest rates are reserved for the most qualified borrowers. The ‘High-Interest Rate Credit-Card’ APR shown is the average credit card APR reported by Wallet hub for Q4 2021 under their Good Credit category. The savings estimate also assumes that the borrower doesn’t take out any additional credit card debt during the same period. Both calculations assume 60 total monthly payments and no pre-payment amounts.
To check the rates and terms you qualify for, Level Lending conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Terms and conditions apply. Level Lending RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet Level Lending’s underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If Level Lending is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. Level Lending Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of Level Lending Personal Loans funded in 2021 was around $23k. Information current as of 10/12/22. Level Lending Personal Loans originated by MBOCAL, Inc. dba Level Lending NMLS #1196442 (www.nmlsconsumeraccess.org). See Level Lending.com/legal for state-specific license details.
Personal Loan Rates and Terms: Fixed rates from 7.99% APR to 23.43% APR. Level Lending rate ranges are current as of 5/20/22 and are subject to change based on market conditions and borrower eligibility. Interest-rate caps may be lower in some states due to legal requirements and may impact your eligibility to qualify for a Level Lending loan. Minimum loan requirements might be higher than $5,000 and interest-rate caps may be lower in some states due to legal requirements and may impact your eligibility to qualify for a Level Lending loan. The average of Level Lending Personal Loans funded in 2021 was around $23k. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.
Subject to receipt of required documentation, underwriting guidelines, and processing time by your institution. Loans for amounts over $20,000 may require additional underwriting review time. Funds are disbursed via ACH as soon as the next business day after approval and acceptance of terms. Autopay is not required to receive a loan from Level Lending.
PERSONAL LOAN INTEREST RATES AND FEES | ELIGIBILITY AND IMPORTANT DETAILS. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the length of the loan, and other factors, and will fall within the range of rates available by applicable loan term; check out our full APR examples and terms. Remember, not all applicants will qualify for the lowest rate. Level Lending reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change. Fixed Rates: Fixed rates range from 7.99% APR to 23.43% APR. Enrolling in autopay is not required to receive a loan from Level Lending. Loan Terms: Level Lending Personal Loans offer loans with a period of repayment between 2 and 5-year terms. Loan Fees: Level Lending personal loans have origination fees from $100 to 5% of the loan amount, depending on state guidelines, $25 late fees, no prepayment penalties.
PERSONAL LOAN | REPAYMENT EXAMPLE. The following example depicts the APR, monthly payment and total payments during the life of a $30,000 personal loan with a 2-year repayment term, and a fixed rate between 7.99% APR to 23.43% APR. It works out to 24 monthly payments ranging from $1,356.68–$1,529.07 for a total amount of payments ranging from $32,560.37–$36,697.76. This repayment example assumes that all payments are made on time, with no pre-payments. Actual rates may vary based on repayment term, loan amount, creditworthiness, and other terms and conditions. Level Lending does not offer variable rate personal loans. State restrictions may apply.
* Same-Day Personal Loan Funding: 86% of typical Level Lending Personal Loan applications, excluding Direct Pay Personal Loans and Personal Loan refinance, from January 1, 2021 to December 1, 2021 that were signed before 7pm ET on a business day were funded the same day.