Credit Education Program

Credit Education Program

LoanMe offers the CreditSmart Consumer Financial Education Program to all consumers.  This online curriculum features complete financial education classes that provide valuable information and tools to help you improve your credit and manage your money.

The topics included in the program are:

  1. How installment loans work
  2. Interest Charges
  3. Credit scores and the effect of credit scores on future financial decisions
  4. Costs of Credit
  5. Effect of late or missed payments on credit scores
  6. Loan payment
  7. Understanding the credit reporting system
  8. Best practices for establishing and building good credit

This program is free of charge and available in both English and Spanish.  You can take the CreditSmart Consumer Financial Education online curriculum anywhere – anytime, at your pace. The CreditSmart Program can be found at http://www.freddiemac.com/creditsmart/modules/intro/page117977.html.

Attendance is strictly voluntary and not a condition of loan approval.

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** Application process takes 5 minutes to complete. Upon completion, a conditional approval may be given pending review of documentation. Two hour funding time is based on the time from final approval following receipt of all required documents and signing, prior to 1 PM PST on a business day. In some cases, credit underwriting and due diligence may require additional documents, which can delay funding time.

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Minimum loan amount varies by state. Credit approval is subject to LoanMe's credit standards, and actual terms (including actual loan amount) may vary by applicant. LoanMe requires certain supporting documentation with each new application.

California loans are made pursuant to LoanMe Prime’s California Department of Financial Protection and Innovation Law License #603K061.

Texas residents: LoanMe is a registered Texas Credit Services Organization and licensed Credit Access Business (CAB) under license #1900063619-162948. LoanMe merely arranges the loan, which is made by an unaffiliated third-party lender, PCAM CREDIT VIII, LLC.

Terms and Conditions
Offers provided to customers who originated via a paid Google or Bing advertisement feature terms on LoanMe Prime of:
Maximum APR: 35.97%
Maximum Loan Repayment Term: 180 Months
Minimum Loan Repayment Term: 180 Months
Representative Example: Maximum APR: 35.97% Maximum Loan Repayment Term: 60 Months Minimum Loan Repayment Term: 60 Months Representative Example: A homeowner in Utah with 580+ FICO, who meets income and other credit requirements could receive a Prime loan for $5,000 with an interest rate of 36% and a 17.00% origination fee of $0 for an APR of 35.97%. In this example, a consumer would receive $5,000 deposited into his or her account and will make 60 monthly payments of $180.56 each. Total repayment would be $10,833.60.

Your actual rate depends upon credit score, loan amount, loan term, home ownership, and credit usage & history. You can pay back the loan early with no pre-payment penalties. Please note that loan fees apply and affect the amount of cash you receive.