Is Laurel Road a direct lender for personal loans? This question is about Laurel Road

Is Laurel Road a direct lender for personal loans?

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This question is about Laurel Road

Grace Enfield, Content Writer

@grace_enfield • 12/09/21 This answer was first published on 12/09/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, Laurel Road 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 Laurel Road, 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.

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How long does it take to get money from a Laurel Road personal loan?

It takes 3 to 30 days to get money from a Laurel Road personal loan, in most cases. That includes both the time it takes to get approved and the time it takes for the funds to be delivered after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.

How to Get Money From Laurel Road as Fast as Possible

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Does a Laurel Road personal loan affect your credit score?

Yes, a Laurel Road personal loan does affect your credit score, both when you apply and during the entire time that you are paying the loan off. Initially, a Laurel Road personal loan will affect your credit score in a negative way, but the long-term impact can be very positive, assuming you repay the loan on schedule.

How a Laurel Road Personal Loan Affects Your Credit Score

Hard pull: When you apply for a...

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How can you get Laurel Road personal loan pre-approval?

You can get Laurel Road personal loan pre-approval through the Laurel Road website. Laurel Road pre-approval allows you to see your odds of approval for a personal loan from Laurel Road, as well as your potential interest rate, and the process will have no impact on your credit score.

How to Get Laurel Road Personal Loan Pre-approval

Go to the Laurel Road website.
Click on Check Your Rate in 5 Minutes.
...

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