SummaryKarrot is a great solution for those looking for speedy funding at lower rates than one would receive through a traditional bank or credit card advance. However, its interest rates aren’t the lowest we’ve seen, which is why it’s worth it to shop around.
Minimum Credit Score660
Maximum Loan Amount$35,000
Loan Duration60 months
APR6.44% - 29.27%
Origination Fee1.05% - 4.75%
Days to Close30 days
Getting a loan has never been easier. Within minutes i got my decision and within 2 days money in my bank. And all taken care of online. No phone calls nothing. Thanks Karrot. Its been a great help. Only downfal is the amount to be paid back short terms. Be prepared to pay close to $300 monthly for 36 months on a $8000 loan.
It's important to note that the payoff terms are 36 or 60 months. If you get a substantial loan, you will have repayment terms that can be substantial and may throw off your budget, so budget accordingly before you take out the money. I found out the hard way. I would suggest taking out the least amount that you need.