Easy Ways to Save Money
The key to developing smart spending patterns is awareness. You should have at least a general understanding of how and when you are spending your money and why.
Loan Rates
Interest Rates by State and Lender or Lending Partner
In most states, SignatureLoan.com is able to connect you with skilled signature loan lenders and lending partners. The specific interest rate you pay on a loan from one of our affiliate lenders or lending partners will vary by state. Also, the specific rate that you’re charged and how the rate is calculated may vary depending on which lender or lending partner you are connected with.
Repayment
Repayment on a signature loan is usually performed either monthly or once every two weeks, depending on your lender or lending partner’s terms or your preferences. Many lenders or lending partners in our network can automatically withdraw the funds from your bank account on the date you have agreed upon. Since the payment is automatic, you shouldn’t have to worry about missing any payments as long as there is a sufficient amount of funds available in your account. Make sure you read and completely understand all of your lender or lending partner’s policies when it comes to repayment and understand what is required of you as a borrower to repay the loan.
Signature Loan Costs
On the whole, the entire cost of a signature loan will vary a great deal based on factors related to the loan requestor, the state that individual lives in, the lender or lending partner, and the loan requestor's repayment. Other factors that matter include the amount of money that’s borrowed, the period of time of the loan and the lender or lending partner’s individual interest rates. Your credit score may also be taken into consideration.
Standard Signature Loan Terms
While specific terms of signature loans will vary depending on your state, the lender or lending partner you are working with and your particular circumstances, here is a general range of common terms:
- Loan amount: $1,000–$35,000
- Lending period: 90 days to 72 months
- Payment frequency: Once or twice a month
- Annual percentage rate (APR): Will vary based on your repayment history, credit score and other factors (Range 5.99% to 35.99%)
- Prepayment penalty: None
- You have the option to repay the loan in full before the due date and only pay the interest rate for the period of time that the loan was outstanding.
See below for a representative example of a Signature Loan APR range.
| APR | Amount Borrowed | Period of Loan | Monthly Payments | Total Amount Paid |
|---|---|---|---|---|
| 6% | $4,000 | 24 Months | $177.28 | $4,254.78 |
| 15% | $4,000 | 24 Months | $193.95 | $4,654.72 |
| 25% | $4,000 | 24 Months | $213.49 | $5,123.67 |
