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.

Applying For A LoanHard 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.

5 min read

Top Articles

What Personal Loan Features Should You Know

Applying For A LoanNeed 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

What's the Difference Between a Fixed and Variabe Rate Loan

Applying For A LoanWhat's the Difference Between a Fixed and Variable Rate Loan?

When someone is interested in taking out a loan, they may be wondering how their interest rate is calculated over the life of the loan. There are two ways interest rates are applied to a loan: variable and fixed. Unlike credit cards, which typically have variable interest rates, personal loan interest rates tend to be fixed.

3 min read

The easy way to find a personal loan

Search, compare, and get recommended personalized loan offers in less than 60 seconds.

Frequently Asked Questions

More Answers

How do you determine which loan product is best for me?

What does it mean to be pre-approved?

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.

What happens if I have questions about my loan after Fiona helps me?

What is the difference between a soft pull and hard pull?

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.

Does it cost me anything to use Fiona to find a loan?

Will I be charged any fees by the loan providers?

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.