A Personal Loan is a loan usually meant for personal, family or household purposes. These types of loans are unsecured, meaning that it is not necessary to have any form of collateral such as property to be approved. All that is required is proof of your identity and a regular source of income. Personal Loans are typically repaid in fixed monthly payments.
There are no specific limitations on how a personal loan can be used. Once you've been approved, you are free to use the funds as you desire. Below are some common uses:
A short-term loan is a quick, easy and convenient loan that can be used to address short term and immediate financial needs. Short-term loans are commonly used for financial emergencies, like home or auto repairs, unexpected medical bills, or in times where you are falling a bit short on your budget before your next payday.
At Dogwood Loans, we believe that everyone deserves access to credit. Although credit is one aspect of your application that is assessed, our lenders consider a broad range of criteria to determine your eligibility, including your personal information, employment and state of residence. We work with lenders that provide loans for those with excellent credit, average credit or poor credit. Even if you are in the process of rebuilding your credit, you can still qualify for a loan with us.
Once you submit your loan application, our loan engine automatically begins matching you with a lender based on the information you provide. If a match is found, you will be notified on our site in real-time. You will then be directed to your lender's site for instructions on how to finalize your loan. If we are unable to match your application with a lender, we will direct you to additional options to help address your financial needs.
Because we are not a lender ourselves, the exact terms of your loan (including interest rates, repayment periods and monthly payment information) will be presented to you by your lender. Each lender uses their own policies to determine their terms, which often depend on your personal information, including employment, monthly income, credit history and even the state that you reside in.
Once we have matched your request with a lender, Dogwood Loans will direct you to their site where you will receive instructions on how to finalize your loan. Once you have signed for your loan your funds are released. Funds are typically received in your bank account by the next business day.
At Dogwood Loans, customers can apply for a loan between $100 and $15,000. The amount you are actually approved for is dependent on a number of factors, including your income, employment, credit history, state of residence and the lender that you are matched with. Not everyone is eligible for $15,000. In the event that you are not approved for a loan amount, you are still eligible to be approved for a lower amount. Simply follow the instructions provided on our application to apply for a lower amount in real-time.
Dogwood Loans accepts loan applications 24 hours a day, 7 days a week. Our network of lenders is open at all times, unlike conventional banks that are only open during business hours. Once you are approved on our site, you will receive instructions on how to finalize your loan with your lender.
At Dogwood Loans, our lending network includes both installment and short-term loan lenders to serve your financial needs. The amount of time you are given to repay your loan depends on the type of loan and lender you are matched with. Installment loans are paid back over multiple payments, usually between 12 to 60 months. Short-term loans are usually paid back on your next payday.
Most lenders offer loan extensions and alternative repayment options in special circumstances. We recommend that you contact your lender directly to discuss the options available to you.
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