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Applying For A Loan

Learn what kinds of questions you'll be asked when shopping around, and how to improve your chances of lower interest rates.

Hard vs soft credit pull

Applying For A Loan

Hard vs Soft Credit Inquiries: How They Differ and Why It Matters

Your credit score plays a vital role in many aspects of your financial life. A healthy credit history can unlock certain products and competitive loan terms, while a low score can keep you from buying a home, refinancing your student loans, or even opening the credit card account you want.

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What Personal Loan Features Should You Know

Applying For A Loan

Need a Loan? The Things You Should Understand When Searching

In need of a large sum of cash, but don’t have the savings for it? You may want to consider taking out a personal loan. Fortunately, financial search engines like Fiona can help match you with loan offers in less than 60 seconds!

3 min read

Frequently Asked Questions

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We look at a number of factors such as APR, terms, speed of approval, speed of funding and if you qualify for the loan to display the best loan product for you. If you are not satisfied with the loan offer we display to you, you can always see all of your results to find a more suitable option for your needs.

When you see a pre-approved offer, the lender has determined that you meet certain approval criteria, based on a soft pull of your credit profile. You have a higher chance of being approved if you complete a loan application with the issuer. A completed loan application will result in a hard inquiry on your credit report and may impact your credit score. The pre-approved offers, which are conditional commitments for an exact rate from a lender, let a consumer know if they qualify for the loan. The rates are subject to change but are very rarely different than the rate they see.

Your loan will ultimately be provided by and serviced by the lender, and they will have their own customer service teams to answer any of your questions. We only work with top lenders so we are confident they meet the highest standards of quality service. That said, we always welcome feedback and comments on your experience, so feel free to reach out to us using our “Contact us” page.

A soft pull (or inquiry) typically occurs when a person or company checks your credit report as part of a background check. A soft pull may be recorded in your credit report, depending on the credit bureau, but does not affect your credit score. Our loan providers complete a soft credit pull when you complete the application based on your name, address, and date of birth. Hard inquiries generally occur when making a lending decision. Hard inquiries appear on your credit report and can negatively affect your credit score. Our loan providers may require a hard pull at the very end of the process on their website once you click to accept the loan terms and complete your application.

Our service is 100% free.

There are no application fees for any of the lenders on our platform. Some lenders may charge an origination fee of 1-6% of the loan that will be deducted from the loan proceeds before they are delivered to you. This fee is factored into the APR you see. There may also be late payment fees or ACH return / check refund fees. Please check with the loan provider if you have any specific questions regarding their fees.

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This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.