Wise Loan Review – Main Services and Opportunities
David Vusi
- Straightforward application process.
- No credit rating limitations.
- Easy access to loans – bank accounts are credited directly.
- Bonuses available for quick repayment.
- Suitable for only small loans of up to $1,500.
- Interest rates could be considered high.
| Company (Lender) | Loan Amount | Loan term | Min. credit score | Est. APR | Funds available in |
|---|---|---|---|---|---|
 |
$200 to $1,500 | 2 to 12 months | None | Varies according to state, up to the high triple digits | 24 hours |
The process of getting a loan, even a small one, can be frustrating. Wise Loan is one of those companies established to enhance access to personal loans. With Wise Loan, you can get loans quickly according to established terms and conditions.
Is Wise Loan Legit?
Yes, Wise Loan is a legitimate personal loan service provider. Established by Tommy Glenn, this organization provides small loans to individuals and small business owners for emergencies and business expenses.
According to the company’s website, wise loans are designed to beat the average payday loan, or cash advance in that borrowers get bonuses when they stick to the established repayment schedule.
back to menu ↑Where Is Wise Loan Available?
Wise Loan does not have full national coverage and is currently available in Delaware, Louisiana, Idaho, Missouri, Mississippi, Utah, South Carolina, Texas, and Wisconsin.
The terms and conditions of loan collection and repayment vary across the states where the service is available.
back to menu ↑Wise Loan’s terms, Fees, and Rates
The available loan amounts range from $200 to $1,500. Terms and conditions that include location determine the available loan amount. Returning customers are eligible for loans of up to $3,500.
The APR of wise loans varies according to the location, credit, and other highlighted factors. Therefore, the rates of Wise loans can be quite high. However, the rates are clearly stated so that the borrower can make an informed decision.
Factors that influence eligibility for loans as a first-time and returning customer include state, income, and the number of loans approved and timely repaid.
Borrowers are required to pay wise loans between 2 and 12 months. However, the repayment period varies according to the state, and the range is highlighted on the website.
back to menu ↑Wise Loan Application Process
To apply for a wise loan, you need to live in the US. You must not be a US citizen but have to be living in the country.
A wise loan application form is available online and can be filled and submitted directly on the organization’s website. The quick and seamless application process is one of the notable features of this loan service provider. Applicants can complete the form within five minutes, and it could be approved within the same day.
If an application is approved before 11 am CT on the day it is tendered, the borrower’s bank account is credited for free. Otherwise, the amount is usually credited on the next business day.
Details required for a wise loan application include a phone number, social security number, email address, employment information, and bank information.
back to menu ↑Wise Loan Unique Features
A feature that distinguishes wise loans from other similar services is the bonus for quick repayments. The company has a Nest Egg program where borrowers get bonuses. For example, the quick repayment of $100 loans attracts bonuses ranging from $1 to $5.
The bonus is credited to the Wise Egg account from which withdrawals can be made to bank accounts. In addition, you can use a bonus for loan repayments.
Another unique feature of wise loans is the easy access irrespective of credit rating. Thus, you can get a loan even with a low credit rating.
Thus, a wise loan could be one of your top options for small personal loans if you have a bad credit score. With the loans, you can also build your credit status and access loans with better rates.
back to menu ↑Is A Wise Loan A Good Idea?
In conclusion, a wise loan could be a good idea if you have a bad credit rating and need quick access to a small loan. However, it would help if you considered the rate and other loan terms are offered whether they will be deal-breakers.
If the terms and conditions are favorable, then a wise loan is a good option. However, remember to consider the available bonuses and opportunities to build your credit score.
Terms: Wise Loan Review – Main Services and Opportunities
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Meredith Owen –
Everyone I delt with was very professional about explaining things. They were very punctual about getting back in touch with me if I had any questions! Great service.
Colin Fate –
Thank you for the help! You gave me money when I needed most. I will recommend you to everyone.
Christine Parker –
The service was absolutely amazing, everyone was so nice and friendly, and the wait times were even quick. The service I received was above and beyond and I’m so very grateful for the help they’ve given me.
Ricardo –
I was so surprised how easy and painless it was and how nice everyone was to me that I spoke to there there was no hassles at all I give them a five star all the way
Lion –
The staff I interacted with were very helpful and answered any questions I had. They were very friendly and polite.
Zoe –
High interest rates. Stay away from them!
Glenda –
Amazing customer service!! Very attentive and helpful!!