Annual Percentage Rate (APR)
LoanMagic helps borrowers compare personal loan options from trusted U.S. lenders. Review the current APR ranges, repayment timelines, and representative examples before proceeding with your request.
Typical APR range
Personal loan offers accessible through our marketplace generally fall between 5.99% and 35.99% APR. Actual APR depends on lender review, creditworthiness, income, and state regulations.
LoanMagic does not charge platform or application fees. Any lender fees (for example, origination or late charges) are disclosed directly by the lender and are always optional until you accept an offer.
Repayment timelines
Typical installment terms range from 3 to 72 months. We do not promote or accept personal loan offers that require full repayment in fewer than 61 days, aligning with Google and Meta advertising policies.
- Shorter terms generally carry lower total interest but higher monthly payments.
- Longer terms reduce the monthly payment but may increase total interest paid.
Representative example
Borrow $3,000 at 27% APR for 24 months. The estimated monthly payment is $163.14, and the total repayment amount is approximately $3,915.36.
This example is for illustration only. Your rate, payment, and overall cost will depend on the lender's underwriting review, the state you reside in, and your credit profile.
Important notices
- LoanMagic is not a lender and does not make credit decisions. Approval is not guaranteed.
- If you accept an offer, the lender will present all contractual documents before you sign.
- Your credit score may be impacted if you proceed with a lender and they perform a hard credit inquiry.
- Always review the lender's terms, fees, and repayment schedule to ensure they fit your budget.
Next steps
Ready to explore offers? Submit a secure request and compare options side-by-side with no obligation to accept.