LoanSolo: Complete Review

Each of us faces financial difficulties from time to time. But don't panic, life goes on and there is always a way out. Lending companies are designed to help people meet their financial needs and they can be very helpful to you.

Today we are going to talk about LoanSolo, an online service that provides free access to the best lenders in the United States. It is important to remember that the service does not lend money, advertise offers from lenders, or participate in your cash transactions. It is only an intermediary between people in dire need of money and companies that can provide financial assistance. The site is ideal for people who:

  • Having a credit score, bad credit is not a problem.
  • You need fast money for various purposes.
  • Search for small loans on favorable terms.

What does LoanSolo offer?

PrestitoSolo is a convenient service that works exclusively to satisfy the wishes and needs of customers. Therefore, the platform offers personal loans for all tastes and budgets. And you will find an interesting offer both online and offline.

Online services

Online loans are ideal for those who don't want to waste their time searching for a decent nearby lender, waiting in grueling lines, and doing tedious paperwork. This is a hassle-free option to get extra money as quickly as possible. All you need is a PC, laptop or smartphone and internet access. Just find a lender that offers loans online and get your money!

In addition, the site offers customers all the services and a welcoming online environment for a comfortable and above all efficient search for a personal loan. The platform walks you through every step of your loan journey, so follow simple guidelines or contact support if you have any questions. In addition, the service covers all matters relating to responsible credit and provides you with information on up-to-date credit offers.

Offline services

The site is also suitable for those who prefer storefront lending. You can easily find lenders willing to lend you money offline. Also, you don't have to go across town, just find a lender in your immediate area and apply for the loan. Although the terms of personal loans are almost the same with online and offline lenders, it is still better to borrow money on the Internet. After all, it's the easiest and fastest way to get cash advances for any need. Modern technology allows you to take out a loan from the comfort of your home, don't miss such a great opportunity!

Loan benefits only

LoanSolo has many positive reviews, which means people are happy with the services provided by the platform. In fact, many factors distinguish the site from similar services. Let's take a closer look at the advantages of the platform.

  • Free of charge: The site was created for the sole purpose of helping people with their financial difficulties. The service does not try to make money from customers and worsen their already difficult financial situation. Therefore, all services of the site are free. You will not incur any costs to find a lender or to apply. In addition, you will not pay any commission if you decide to refuse a loan offer if it does not suit you.
  • Comfortable and easy navigation: The site is easy to use, even for those who have never taken out a loan online. It's easy to find all the information you need. Plus, the site has a step-by-step guide on how to apply for a loan and how to use the cash advance properly so you don't get in trouble.
  • Simple and fast application: The platform offers the simplest application form which only presents relevant questions and nothing else. You can also submit a request via your smartphone, as the service is fully optimized for mobile devices. In total, it will only take you 5-10 minutes to complete all the fields of the application form.
  • Wide choice of reliable lenders: Are you looking for a quick personal loan on favorable terms? Then LoanSolo is exactly what you need. The service only works with loan companies that are officially licensed and authorized to provide loans in a particular US state. The site does its best to connect you only with reliable and proven lenders.
  • Favorable Loan Terms: Since the number of lenders on LoanSolo is huge, the range of loans is also wide. Although reputable financial service providers do not charge you any hidden fees but offer transparent loan terms, you still need to read the agreement before accepting the offer. Cash advances have different interest rates, fees, amount limits and conditions. So, you can consider all available options and choose the one that suits you best.
  • High level of safety and security: The site collects your personal information to process your application and connect you with loan providers. But there is no need to fear for your safety, as the platform has a very strong security system that meets the requirements of the US Money Lending Law. Therefore, the service uses 2048-bit encryption and the SSL security protocol.
  • Professional Support Team: The support team is here for you 24/7. No matter what problem you are having, they will be happy to help you. Also, they get back to you quite quickly, even if you contact support in the middle of the night. They are real experienced lending professionals. Thus, they will help you solve any problem and also give you valuable advice when you need it.

Disadvantages of loan only

Despite all the above advantages of LoanSolo, the service also has some disadvantages. And you should know them before deciding to use the platform. And so, the disadvantages of this site include:

Inability to Obtain a Loan in Certain States: The Site is governed by US law. And not all lenders are licensed to provide financial services nationwide. The fact is that the laws of some states prohibit the activities of loan companies in their territory. LoanSolo will notify you of the inability to obtain a loan in your state before requesting a cash advance.

Small amount of loan - The platform will be ideal for those who need a small amount of money. If you are planning to borrow $10,000, $50,000 or more, you better find another platform to get a loan. LoanSolo connects you with businesses willing to lend you $200 to $5,000. At the same time, not even all lenders can lend you up to $5,000. This can be a nasty surprise for those who need to make a big purchase, cover big bills, pay off a heavy debt, etc.

No Prequalification: The site does not prequalify cash advances. Just fill out an application and get access to top lenders. Then you have to choose a loan offer and wait for its approval, skipping the pre-qualification and pre-approval processes.

There aren't many ways to contact support - the service only offers two options for contacting support: email and phone. And it is not very convenient, because some similar sites provide customers with useful online chat to solve problems as soon as possible. However, the limited customer service options do not prevent LoanSolo from providing quick responses to borrowers.

Loan conditions

Personal loans in the United States are only available to those who are eligible. Therefore, you must meet certain conditions for a lender to grant you a loan. And LoanSolo is a very loyal service in this respect. Your loan requirements include:

  • Stable income and employment;
  • residence in the United States;
  • Adult age (18 years and over);
  • Active bank account.

How to get a loan on LoanOnly

Have you decided to apply for a loan with PrestitoSolo? It won't take you much time and effort. The whole process takes place online, which is very convenient in modern times. No bureaucracy, no hassle: a few clicks and the money is yours! Here are the steps you need to follow:

  1. Submit a request. As we have already said, the application form is as simple as possible. You will immediately understand what it is about as soon as you see it. In the first step of compiling, you need to specify your:
  • Full name;
  • Desired loan amount;
  • Date of birth;
  • Phone number;
  • E-mail;
  • Last 4 digits of your social security number;
  • Heading;
  • Residential address.

The next step is the place of residence, income and employment information, including residence time, monthly income, source of income, next pay date, job title, etc.

The third and final step in completing the application requires you to provide your personal and banking information: your bank's name and phone number, your bank account type and number, an ID or driver's license issued by the government, your social security number and some other data.

  1. Check out loan offers. After approving your application, the service connects you with the best lenders offering loans in your state. And this is where you have to be particularly careful. You should explore all available offers to choose the best one. If you are new to the lending industry, it is important to know that different loan providers charge different interest rates and fees for their services. Thus, the APR can reach 400% and more, which is not very convenient. Also pay attention to the repayment term and other loan terms offered by the lender. When you find what you need, electronically sign the agreement and wait for approval.
  2. Get your funds. The time it takes for the money to reach your bank account depends on the loan provider and the bank. Most of the lenders that LoanSolo works with send you money the day after the loan is approved.

Our Final Thoughts

So, is it worth taking out a loan with LoanSolo? In general, the service is reliable and customer-oriented. There are no fees; you can use all the services of the site for free. The platform provides you with up-to-date loan information and connects you with the best lenders in the United States. Moreover, the service is safe because your data is protected by a powerful security system.

The site also has some disadvantages, such as the unavailability of loans in certain states.

The site also has some disadvantages, such as the unavailability of loans in certain states. But it is a matter of law, so it is even better that the service works within the framework of the legislation. Overall, the site is worth your consideration if you need a quick cash advance between $200 and $5,000. So don't hesitate to take out a loan with LoanSolo and manage your money wisely!