We have spoken about ways in which you can borrow for your tiny home, now let's look at the top personal loan lenders.
Below are five top personal loan lenders we’ve vetted for quality that offer lending services for major purchases, such as a tiny house. Each lender features an easy online application.
1. Upstart
Upstart personal loans come with an APR range of 7.46% to 35.99%
Borrow between $1,000 and $50,000
Repayment terms of three or five years
Qualify with a credit score of 620 or better
Your APR will be determined in part by factors such as your education and career
No prepayment penalties if you plan on paying down your debt early
An origination fee of 0% to 8% of your loan balance
VISIT UPSTART
2. LendingClub
LendingClub personal loans come with an APR range of 6.95% to 35.89%
Borrow between $1,000 and $40,000
Repayment terms of three or five years
Qualify with a credit score of 600 or better
Compare offers using the peer-to-peer lending platform
No prepayment penalties if you plan on paying down your debt early
An origination fee of 1% to 6% of your loan balance
VISIT LENDINGCLUB
3. Citizens Bank
Citizens Bank personal loans come with an APR range of 6.79% to 20.89%
Borrow between $5,000 and $50,000
Repayment terms of three, four, five, six, or seven years
Qualify with a credit score of 680 or better
No prepayment penalties if you plan on paying down your debt early
No origination or administrative fees
VISIT CITIZENS BANK
4. FreedomPlus
FreedomPlus personal loans come with an APR range of 5.99% to 29.99%
Borrow between $10,000 and $35,000
Repayment terms of two, three, four, or five years
Qualify with a credit score of 640 or better
No prepayment penalties if you plan on paying down your debt early
An origination fee of 0% to 5% of your loan balance
VISIT FREEDOMPLUS
5. SoFi
SoFi personal loans come with an APR range of 5.74% to 16.24%
Borrow between $5,000 and $100,000
Repayment terms of three, five, or seven years
No prepayment penalties if you plan on paying down your debt early
No origination or administrative fees
Late fee forgiveness after you make three consecutive on-time payments
Offers the ability to pause your repayment if you lose your job
VISIT SOFI
Find the right tiny house financing option for you
You’ll want to shop around for tiny home financing the same way you’d shop for other types of loans:
Figure out your ideal borrowing amount, APR, and repayment term before looking for a lender to meet your specific needs.
Compare offers from all types of lenders, including traditional banks, credit unions, and online personal loan companies.
Use the APR to judge each offer accurately, as it includes both your interest rate and the lender’s fees.
Use this personal loan calculator to hatch a plan for your repayment. Plug in your borrowing amount, preferred repayment term, and an interest rate you can expect to be quoted. It’ll pump out your potential monthly payment and interest charges. Then figure out how to pay off the loan ahead of schedule. There are plenty of strategies to pay off your loan early. For one, you could rent out your property, especially if your tiny home has a tiny spare room.
CONTACT US TODAY! 315-253-9062
#SpanoContainer serves #Waterloo, #Marcellus, #Lafayette, #Tully, #Cazenovia, #Fulton, #Oswego, #Syracuse
#Canandaigua, #PennYan, and #NewYorkState with
277 North St. Auburn, NY 13021
