Question 1

Is AspiraLend a lender?

Accepted Answer

No. AspiraLend is a technology platform that connects applicants and businesses to a trusted network of independent lending partners. AspiraLend does not make credit decisions or issue loans.

Question 2

Will checking my options affect my credit score?

Accepted Answer

No. AspiraLend uses a soft credit inquiry to help match you with available offers. A soft inquiry does not affect your credit score.

Question 3

How long does it take to get funded?

Accepted Answer

Many lending partners provide decisions in minutes. Funding timelines vary by lender and state regulations, but many borrowers receive funds in a few business days after completing the lender’s final application.

Question 4

What loan amounts are typically available?

Accepted Answer

Offer ranges vary by lender, credit profile, state regulations, and income. Many lending partners offer options from a few hundred dollars up to tens of thousands.

Question 5

What does pre-qualification mean?

Accepted Answer

Pre-qualification provides a preview of potential offers based on the information you submit and a soft credit inquiry. If you choose an offer, you’ll complete the lender’s full application directly on their website.

Question 6

Can I repay my loan early without penalty?

Accepted Answer

Many participating lenders allow early repayment with no fee. Terms vary; please refer to each lender’s product disclosures for specifics.

Question 7

How long do I have to repay the loan?

Accepted Answer

Repayment terms vary by lender and may range from short-term to longer-term. Exact terms will be shown in your offer.

Question 8

Are the rates competitive?

Accepted Answer

Rates and terms are determined by each lender based on your credit profile, income, and underwriting criteria. Checking your options is free and does not affect your credit score.

Question 9

Is AspiraLend secure?

Accepted Answer

Yes. AspiraLend uses industry-standard encryption, secure transmission protocols, and strict data-handling practices to protect your information.

Question 10

Is there a minimum credit score to check offers?

Accepted Answer

No. There is no minimum required to check your options. Every lender has its own underwriting formula, and many lenders serve a broad range of credit profiles.

Question 11

Is AspiraLend available to businesses or service providers?

Accepted Answer

Yes. Service providers and merchants can use AspiraLend to offer flexible payment options to customers. Consumers can use the same platform to explore financing for personal needs.

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