My Green Loans review
Find out if My Green Loans is the right choice for you in our comprehensive review. We’ll take an in-depth look at the features, fees, and more.
My Green Loans: Competitive rates and personal loans up to $40,000!
My Green Loans is an online loan broker that offers a wide range of possibilities to help you find the right financial solution for your needs. In this My Green Loans review, we’ll look over all of its features and benefits so you can decide whether or not their services work for you.
The company offers several different types of loans ranging from unsecured short-term to military loans.
My Green Loans offers competitive rates and quick approval for all of their services, regardless of credit history or employment status.
- APR: It ranges between 6.99% and 35.64% based on your creditworthiness.
- Loan Purpose: Any purpose. From rent money to home renovations.
- Loan Amount: From $1,000 to $40,000.
- Credit Needed: Not specified, but an above-average score will most likely secure a higher amount with lower interest rates.
- Terms: You can choose between 1, 3, or 5 years.
- Origination fee: Not disclosed.
- Late Fee: Not disclosed.
- Early Payoff Penalty: There are no prepayment fees.
My Green Loans also offers a range of educational resources to help customers better understand the loan process, making it easier to make informed decisions about their financial future.
Overall, this company is an excellent choice for those looking for a reliable online loan broker.
If you’re interested in learning more about what they have to offer, keep reading our My Green Loans review below.
My Green Loans: how does it work?
My Green Loans is an online platform that specializes in unsecured personal loans for different purposes.
Through their website, you can request short-term loans, green energy loans, cash advance and payday loans, and military loans as well.
They offer an easy and quick application with instant approval and fast funding. While the company doesn’t specify the required score for loan requests, they encourage everyone to apply.
My Green Loans offer a wide range of loan amounts for every need. You can request any value between $1,000 and $40,000 with fast funding.
Their APR varies according to your creditworthiness but is a fixed rate between 6.99% and 35.64%.
A fixed-rate means that it will stay the same for the life of the loan, with no surprise increases. You can even check your rate before you apply for free using their website.
My Green Loans also provides flexible repayment terms between 1 and 5 years.
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Significant benefits and disadvantages you may find
It takes a lot of responsibility before committing to a personal loan. Therefore, it’s important to be sure you’re making the right decision.
Before you apply, check out the pros and cons next in our My Green Loans review.
- You can request any amount between $1,000 and $40,000;
- They offer a fixed rate starting at 6,99%;
- You have the option to choose your repayment terms between 1 and 5 years;
- Wide range of unsecured loan options to fit your every need;
- Online application with fast funding.
- You can end up with a high APR depending on your creditworthiness;
- Their website is a little confusing and lacks important information about late and origination fees, for example;
- Their loans are not available in Iowa and Idaho.
Is a good credit score required for applicants?
My Green Loans don’t specify their credit score requirements. However, since you can pre-check your rate and it has a “bad credit” option, we believe that all levels are welcome to apply.
That said, it’s important to note that the amount available to you will be higher and your fixed APR will be lower if your creditworthiness is in good shape.
Learn how to apply for a loan with My Green Loans
Now that you’ve read our My Green Loans review, the next step is learning how to apply for it.
If you want to get more details about the process, check the following link for a complete walkthrough.
About the author / Aline Barbosa
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