Question 1

What is a personal loan?

Accepted Answer

An unsecured installment loan given as a lump-sum payment, repaid in equal monthly payments with a fixed interest rate, not backed by collateral like a house or car.

Question 2

Will checking my rate affect my credit score?

Accepted Answer

No. IncredibleFi uses a soft inquiry for pre-qualification, which does not impact your credit score.

Question 3

What credit score do I need?

Accepted Answer

Any credit score is accepted, including excellent (720+), good (660-719), fair (600-659), poor (under 600), and no credit history.

Question 4

How much can I borrow?

Accepted Answer

Loan amounts range from $100 to $40,000+ depending on your profile and lender match. Some partners like Credible offer up to $250,000 and Upstart up to $75,000.

Question 5

How fast can I get funds?

Accepted Answer

Many lenders offer same-day funding via direct deposit to your bank account.

Question 6

Is there a fee to use IncredibleFi?

Accepted Answer

No. IncredibleFi is completely free for borrowers. We are a loan matching service, not a lender.