1718 Park Boulevard Marshalltown
+1 641-754-0072
info@bigloansword.com
We determine the loan amount based on your circumstances, ensuring that it aligns with your ability to repay without causing you to become excessively indebted.
No need to fill out tons of paperwork or spend time sending us documents, our application process is made for you to get the funds within 1 hour.
All it takes is a simple form filled out online and you’re on your way, no credit check needed!
One of our expert staff will contact you to complete your request within minutes of submitting,
Navigating the world of personal loans can often be accompanied by numerous questions. To assist you, we've compiled answers to some of the most frequently asked questions:
If you have further questions or need personalized assistance, please contact our customer support team, who are ready to help you navigate your loan options.
Our offering is unique in that we don't require a single piece of paper from you, and includes instant verification and an e-signature. When you grant us a secured view-only access to your account, you can have your application for a loan approved without the arduous process of submitting paperwork.
At Big Loans Word, we offer quick loans without conducting credit checks, focusing on your future financial prospects rather than past credit history. Apply today with Heyday and receive approval promptly.
APR is the rate at which your loan accrues interest. It is based upon the amount of your loan, cost of the loan, term of the loan, repayment amounts and timing of payments and payoff. By law, the lender or lending partner must show you the APR before you enter into the loan. Rates, loan size, among other variables will vary based on your credit worthiness with the lower rates potentially available to customers with excellent credit. Minimum and maximum loan amounts and APRs may vary according to state law and lender or lending partner. We recommend you read the lending partner’s terms and conditions in full before proceeding for a loan.
Make sure you understand the total cost of a loan before making a decision. Multiply the payment amount by the number of payments in your term.
For example, suppose you want to get a personal loan for $2,000. The interest rate is 19.99% on a monthly payment plan. The example below shows the total cost of a loan with different terms.
Table 1: Example of the total cost of personal loan with different terms
| Option | Monthly Payment | Loan Term (Months) | Total Loan Cost |
|---|---|---|---|
| 1 | $185 | 12 | $2,220 |
| 2 | $75 | 36 | $2,700 |
| 3 | $53 | 60 | $3,180 |
This example shows that the longer you take to pay off your loan, the more expensive it’ll be.
Interest rates
The interest rate on a personal loan impacts the overall cost of the loan. By law, lenders may not charge more than 35% interest annually. This includes all fees, costs and interest that you’ll pay to get the loan.
For example Suppose you want to get a personal loan of $2,000 for 36 months. The example below shows the total cost of the loan with different interest rates.
| Option | Interest Rate | Monthly Payment | Total Loan Cost |
|---|---|---|---|
| 1 | 8.99% | $64 | $2,304 |
| 2 | 19.99% | $75 | $2,700 |
| 3 | 34.99% | $92 | $3,312 |
This example shows that a higher interest rate may significantly increase the total cost of your personal loan.
The interest rate a lender offers you may vary depending on:
