Yes, 60MonthLoans is a direct lender, which means they handle the full loan process, from application to funding and beyond, instead of simply matching you with another lender. Direct lenders are the only ones that handle your information, so it’s more secure, and they make the loan process faster by removing middlemen.
In the end, your loan comes directly from 60MonthLoans, not through a partnering bank or credit union. Getting a loan from a direct lender may get you better rates than from an indirect lender, as well.
Yes, 60MonthLoans will verify your income when you apply for a personal loan. 60MonthLoans requires a minimum annual income of $30,000 to ensure that you can make your monthly payments, and if you don’t meet the minimum income requirement, you likely won’t get approved.
60MonthLoans verifies income by requesting 3 months of bank statements. However, simply meeting the income requirement does not guarantee approval for a loan. There are other 60MonthLoans personal loan requirements, as well.… read full answer
60MonthLoans Personal Loan Requirements
$30,000 annual income
Be at least 18 years old
Be a US citizen or permanent resident
Must have a Social Security number
Have good or excellent credit score
Must live in AL, CA, DE, GA, ID, IL, MS, NM, ND, SC, UT, or WI
If you want a better idea of what personal loans you may qualify for with your income, you can use WalletHub’s free pre-qualification tool.
To apply for a 60MonthLoans personal loan enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.
How to Apply for a 60MonthLoans Personal Loan
Enter your personal information on the application. 60MonthLoans requires the following personal information on the application: your full name, date of birth, email address, phone number, marital status, home address, housing type, time at residence, Social Security number and driver’s license or State ID.… read full answer
Enter your financial information on the application. 60MonthLoans requires the following financial information on the application: your main income source, net monthly income, employer name, work phone, job title, time at employer, pay frequency and next pay date.
Double check the application for accuracy. To ensure that your 60MonthLoans personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
Submit your application. 60MonthLoans will typically provide a decision on your application within Up to 3 business days.
If you are approved for a 60MonthLoans personal loan, you will generally receive the funds within up to 3 business days after approval. After that, it’s your responsibility to make monthly payments until you have fully paid back your loan, including interest.
Yes, 60MonthLoans personal loans are legit because 60MonthLoans is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why 60MonthLoans personal loans are legit is that the lender has a Better Business Bureau rating of A+.
Still, you should note that 60MonthLoans personal loans aren't "legit" if you use that word as a synonym for "good." 60MonthLoans personal loans are very expensive, charging an APR of 19.24% - 69.5%. There is also an origination fee of 0% - 5%.… read full answer
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.