What are the interest rates and APR?

Our APR ranges from 5.99% to 35.99% depending on your credit profile, loan amount, and term length. We always disclose your exact APR before you accept a loan offer.

How fast can I get my money?

Once approved, funds are typically deposited into your bank account within 1-2 business days. Some applicants may receive same-day funding depending on their bank and time of approval.

What documents do I need to apply?

You'll need a valid government-issued ID, proof of income (pay stubs or bank statements), an active checking account, and proof of address. The online application takes about 5-10 minutes.

Are there any upfront fees?

No! Wise Loan never charges upfront fees. Any origination fee is disclosed clearly and deducted from your loan proceeds, not collected separately. Beware of lenders asking for payment before disbursing funds.

Can I pay off my loan early?

Yes! You can pay off your Wise Loan at any time with no prepayment penalties. Paying early can save you money on interest charges.

How do I make payments?

Payments can be made online through your account dashboard, via automatic bank draft, or by phone. We recommend setting up autopay to ensure you never miss a payment.

What happens if I miss a payment?

If you miss a payment, contact us immediately. We may be able to work out a payment arrangement. Late payments may incur fees and could affect your credit score. We report to credit bureaus.

Is my personal information secure?

Absolutely. We use bank-level 256-bit SSL encryption to protect your data. We never sell your personal information and comply with all federal and state privacy regulations.

Frequently Asked Questions | Wise Loan FAQ

Loan Basics

Wise Loan offers personal loans ranging from $500 to $5,000. The exact amount you qualify for depends on factors including your income, credit profile, and state regulations. Use our loan calculator to estimate payments for different amounts before applying.

Our APR ranges from 5.99% to 35.99% depending on your credit profile, loan amount, and term length. The APR includes the interest rate plus any applicable fees, giving you a true picture of your borrowing cost. We always disclose your exact APR before you accept any loan offer.

We offer repayment terms from 6 to 24 months. Shorter terms mean higher monthly payments but less total interest paid. Longer terms provide lower monthly payments but cost more in total interest. Choose the term that best fits your monthly budget.

Wise Loan funds can be used for almost any legal purpose including auto repairs, medical bills, moving expenses, home repairs, pet emergencies, utility bills, debt consolidation, and other personal expenses. Once approved, the money is yours to use as needed.

Eligibility & Application

To apply, you must be at least 18 years old, a US citizen or permanent resident, have a valid Social Security number, have a regular source of income, and have an active checking account. Additional requirements may vary by state.

Yes! Wise Loan considers applicants with all credit types. We look at your complete financial picture, including income and ability to repay, not just your credit score. Many of our customers have less-than-perfect credit and are still approved for loans.

Initial applications typically involve a soft credit inquiry that does not affect your credit score. A hard inquiry, which may temporarily impact your score, typically only occurs if you accept a loan offer. This approach lets you check your options without risk.

Our online application typically takes 5-10 minutes to complete. Have your personal information, employment details, and banking information ready to speed up the process. We've designed our application to be quick and straightforward.

You'll need your full legal name, date of birth, Social Security number, contact information (email and phone), current address, employment information including income, and your bank account details for direct deposit of funds if approved.

Approval & Funding

Most applicants receive a decision quickly after completing their application. Our streamlined review process is designed to give you an answer fast so you can plan accordingly. Complex applications may require additional review time.

Once you accept your loan offer, funds are typically deposited into your bank account quickly. Exact timing depends on your bank's processing schedule. Funds are sent via ACH transfer directly to the checking account you provide.

If your application is not approved, you'll receive information about the factors that contributed to the decision. You may be able to reapply after improving certain factors such as increasing income or reducing existing debt. We also recommend reviewing your credit report for errors.

Repayment & Account

Payments are automatically withdrawn from your bank account on your scheduled due dates. This ensures you never miss a payment and helps you maintain a good payment history. You'll receive reminders before each payment is processed.

Yes! Wise Loan has no prepayment penalties. You can make extra payments or pay off your loan balance early at any time without any additional fees. Paying early can save you money on interest charges over the life of your loan.

If you're having trouble making a payment, contact us immediately. We may be able to work with you on a solution. Missing payments can result in late fees and may negatively impact your credit score. Communication is key to finding a resolution.

In some cases, payment dates can be adjusted to better align with your pay schedule. Contact our customer service team to discuss your options. Changes are subject to approval and may have limitations based on your loan status.

Security & Privacy

Absolutely. We use bank-level encryption and security protocols to protect your personal and financial information. Our systems are regularly audited and updated to maintain the highest security standards. We never sell your data to third parties.

You can reach our customer support team via email at info@wiseloanapply.com. We strive to respond to all inquiries promptly. For general questions, our FAQ and blog articles may provide immediate answers.

Still Have Questions?

We're here to help! Contact our team for personalized assistance with your loan questions.

APR Disclosure

Annual Percentage Rate (APR) ranges from 5.99% to 35.99% depending on credit profile, loan amount, and term. Example: A $2,500 loan at 24.99% APR for 12 months has monthly payments of approximately $235 and total repayment of approximately $2,824.

Frequently Asked Questions