How Compare Loan Offer works
Compare Loan Offer (CLO) sends one application to lenders in our partner network. Checking your rate uses a soft credit pull, which doesn't affect your credit score. You see the offers available to you, compare them side by side, and finish with the lender you choose. CLO isn't a lender.
- Encrypted and secure
- No credit impact
- No personal info to CLO
- Free, no obligation
Loan terms from 2 to 60 months. Rates vary depending on the lender, your credit and your state. Maximum APR is 35.99%.
Step by step
- Apply once. Tell us the amount, what it's for, and your details. The secure CLO application is powered by Flexxbuy. CLO never receives or sees your personal information.
- Lenders review it. Your application goes to lenders in the network that lend in your state. Checking your rate uses a soft credit pull.
- See your offers. Lenders that can work with you return pre-qualified offers with an APR, term, amount and estimated payment. Some applicants get several offers from one lender at different amounts and terms. Some get none.
- Compare. Sort by lowest APR or lowest payment, or line offers up in the CLO comparison tool to see total cost and whether each fits your budget.
- Choose your lender. Your pre-qualified offers are emailed to you. Pick one and complete that lender's application, including any documents it requests.
- Underwriting. Your completed file goes to the lender's underwriting department, which runs a hard credit check and verifies your income. Final approval typically takes 1 to 3 business days with good to excellent credit, or up to 5 to 7 business days for higher-risk applicants.
- Get funded. Once approved, most lenders send the money directly to your bank account within 24 to 48 business hours.
What you'll need
- Name, date of birth, Social Security number, phone, email and home address.
- Monthly income and how often you're paid.
- The amount you want and what it's for.
If no offers come back
- It usually reflects credit, income, debt or state rules. It isn't a final verdict on your credit.
- A smaller amount, a co-applicant, or paying down card balances can change the result later.
- See our guide to personal loans for bad credit for safer options to check.
From pre-qualified to funded
Typical timing once the lender receives your completed application and documents. Each lender sets its own process.
- MinutesPre-qualifyOne application and a soft credit pull. Your pre-qualified offers are emailed to you.
- Your paceChoose your lenderPick the offer you want, then complete that lender's application and upload any documents it requests.
- 1 to 3 business daysUnderwriting and final approvalThe lender runs a hard credit check and verifies your income. Higher-risk applicants: up to 5 to 7 business days.
- 24 to 48 business hoursGet fundedAfter approval, most lenders send the money directly to your bank account.
See which lenders will work with you
Pre-qualify in minutes. Checking your rate won't affect your credit score.
Common questions
Is Compare Loan Offer a lender?
No. CLO is a loan comparison service. Loans are made by lenders in our partner network, and each lender sets its own rates and makes its own approval decisions.
How long does it take?
Pre-qualifying takes a few minutes. After you choose a lender and it receives your completed application, final approval typically takes 1 to 3 business days with good to excellent credit, or up to 5 to 7 for higher-risk applicants. Funds usually arrive 24 to 48 business hours after approval.
Do I have to accept an offer?
No. Checking your rate is free and there's no obligation to accept anything.
Can a store send me the CLO link?
Yes. Merchants can share the CLO application link with customers without signing up with CLO. The loan is between you and the lender you choose.
Ready to compare offers?
Pre-qualify in minutes. Checking your rate won't affect your credit score.