Questions & Answers

When seeking a loan, you might have various questions about the procedures and necessary criteria. To streamline your experience, we've gathered answers to common inquiries to help guide you through the loan application process.

A personal loan is a financial product that enables individuals to borrow up to $35,000. This loan can be utilized for various purposes, including home improvements, purchases, vehicle repairs, or other substantial expenses. The loan term, which is the duration over which the loan must be repaid, can extend up to 180 days, depending on the lender. Our streamlined online application form requires only basic information and the desired destination for the loan funds, making the process efficient and user-friendly.
  • Must be at least 18 years of age.
  • Must be a U.S. citizen or permanent resident.
  • Must be currently employed or have a steady source of income.
  • Must have a bank account to receive the funds, ideally with direct deposit capabilities.
The Annual Percentage Rate (APR) represents the annual cost of credit. As BetterDime is not a lender, we cannot guarantee any specific APR. The repayment period for personal loans varies depending on the lender and the borrower's qualifications. Prior to accepting a loan, please carefully review the lender's loan agreement, as the APR and repayment terms may differ from those listed on our site.
Repayment terms vary by lender. Please consult the loan agreement provided by your lender for specific repayment details.
BetterDime services are offered free of charge. However, lenders will impose fees and/or interest, which will be fully disclosed upon loan approval. It is incumbent upon you to review the loan terms thoroughly before signing the agreement.
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