Quick answers to common questions consumers may have while researching personal loans.
No. Rate Clarity is an informational website and does not make loans or make lending decisions.
Not necessarily. APR, fees, term length and total repayment should also be reviewed.
Checking your own credit is generally considered a soft inquiry. A lender's application process may involve a different type of credit inquiry.
An origination fee is a charge some lenders assess for processing or funding a loan. How it is calculated and collected varies.
Permitted uses vary by lender and loan agreement. Review the lender's terms before applying or using funds.
No. Our materials are general educational information and are not individualized financial, legal or credit advice.