Vivaloan Reviews: Is It Legit Check The Reviews

  • Jean Todd

Vivaloan is just an internet platform that matches customers with eligible lenders based on their financial background

Vivaloan is a personal loan marketplace that works with a number of lenders to offer loan alternatives ranging from $100 to $15,000. Vivaloan is neither a lender, nor does it make loans. According to Vivaloan's website, its lenders assess a variety of criteria as part of the approval. This implies that if you've had difficulty applying for a loan in the past due to low credit or other factors, you can get a different answer from a lender through Vivaloan.
Vivaloan is an online loan marketplace that focuses on providing individuals with the greatest finance options. It should be noted that Vivaloan is not a lender and does not participate in the financing process.

About
Vivaloan is just an internet platform that matches customers with eligible lenders based on their financial background. For example, if you need a $500 loan but have a low credit score, Vivaloan will connect you with lenders who can provide you with a loan regardless of your credit score. If you have a strong credit score, the portal will connect you with lenders who offer low APR rates. In general, Vivaloan allows a person to apply for a loan ranging from $100 and $15,000. Vivaloan considers any sum less than $1,000 to be a payday loan, requiring the individual to return the amount when they receive their wage.
Similarly, any sum over $1,000 will be deemed an instalment loan, allowing the person to return the money in instalments over a period of 12 months to 5 years.

In terms of the competitiveness of discovering loan solutions, Vivaloan does not mention which APR rates are available. This implies that a person can only learn about funding by going through the application procedure online.
However, it is not stated whether or not the loan application would have an effect on the credit score, but we assume that it will choose for a soft credit draw with no traces.  This is feasible because the search query will not be submitted to the three major credit bureau agencies, but rather to other third-party service providers, who will not leave the search on the credit report.

How it works
Now, tell us about the specifics of how Vivaloan works. Regardless of the underlying product or service, Vivaloan operates in the same manner as all other online comparison websites. Vivaloans provides access to a large choice of loan providers with a single search. To begin the procedure, you must first visit the Vivaloan website. The first step after arriving at the webpage is for the individual to enter the loan information. People will immediately notice a text field that must be filled up with the loan conditions.

Eligibility
When visiting the Vivaloan website, it is possible to notice an advertisement indicating that loans are available to people with all sorts of credit profiles. This implies that, regardless of the person's credit score, Vivaloan will be able to find a lender in the network to satisfy that person's needs.

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