At Sallie Mae you can get a personal loan with fixed interest rates, but these loans are by invitation only. If you haven’t been invited to take out a Sallie Mae personal loan, then look into a Check City Personal Loan where no invitation or offer code is needed to apply.
Personal Loans are loans paid in monthly installments that can be used for a variety of personal reasons. They are most commonly used for home improvements, debt consolidation, or important major purchases. There is a lot to consider when shopping for a personal loan, and we hope to make that process easier by outlining the basics of a Sallie Mae personal loan.
Sallie Mae Personal Loans: A Quick Look
The personal loans at Sallie Mae offer fixed interest rates with a narrow range of loan amounts and terms. The main thing to remember with Sallie Mae personal loans is that you need a personal offer code to apply.
Loan Amount: $3,000 to $35,000
Rates: 6.99% to 24.99% APR
Fees: no origination fee and no prepayment penalty fee, but there are late fees
Terms: 36 to 60 months (3 to 5 years)
Basically, a personal loan from Sallie Mae is the best option for anyone who has already received an invitation from Sallie Mae to apply for a personal loan from them. If you don’t have an offer code from Sallie Mae then you can’t apply for one of their loans. Otherwise, a Sallie Mae personal loan is a worthwhile option with fixed interest rates and almost no fees.
Who are Sallie Mae Personal Loans Perfect For?
Not all loans will work for everyone, which is why loan research is so important when shopping for the best loan fit for you. Sallie Mae personal loans will work best for anyone that’s received a personal offer code from them. You have to have this personal offer code in order to apply for a Sallie Mae personal loan. Once you have your own invitation their loans are best used for debt consolidation, major expenses, and major life events like weddings.
- Fixed interest rates
- No origination fee or prepayment penalties
- Get funds as soon as the next business day
Who Should NOT Get a Sallie Mae Personal Loan?
If you don’t have an offer code from Sallie Mae then you can’t get a personal loan from them. But even if you do have a personal invitation to apply for their loans, you should still take a moment to consider your options. Sallie Mae personal loans don’t offer a very wide range of loan terms or amounts, so if these numbers don’t match your loan needs you may need to keep looking.
- You need an invitation to apply
- There are fees for late payments
- They offer a narrow loan amount range
- They don’t have many payment term options
An Alternative to Sallie Mae Personal Loans
If you can’t get a Sallie Mae personal loan don’t be discouraged. There are plenty of other loan alternatives out there that don’t require invitation codes in order to apply. Like the Check City Personal Loan! At Check City, you have the option to take out smaller loan amounts and pay them back in a matter of months instead of years.
Reasons to Get a Check City Personal Loan:
Direct Lending. Check City lends loans directly so you don’t have to deal with third-parties to get your money.
State Licensed Lending. Check City is a licensed lender in each state they operate in.
Fast Application. Check City loan applications are quick and easy to fill out. You can be done in a matter of minutes.
Low Credit? No Problem! Even if you have a low credit score you can still apply for a Check City personal loan.
No Origination Fee. Check City won’t charge you just for starting an account.
FAST FUNDS. Visit a Check City store to apply and you can walk away with your cash today!
Shorter Loan Terms and Smaller Loans. Not everyone needs a giant loan that takes years to pay off. At Check City, you can get smaller loan amounts that are easier and faster to pay off.
How to Apply for a Check City Personal Loan
All you need is a few short minutes to complete an online application at Check City. You don’t need a lot to apply either! Just the listed items below:
What You’ll Need to Apply:
- A government ID
- Proof of bank account
- Proof of direct deposit
- Proof of income
- A valid phone number
Apply Online. You can also apply for a Check City personal loan over the phone or in the store.
Apply in the Store. If you apply for your loan in the store, you can actually walk out with your money in that very same visit!
Or call Check City’s Loans By Phone number: 800-404-0254
The Check City personal loan was created for everyone. Anyone can apply and get their funds FAST with our simple streamlined loan process. Don’t hesitate to give us a call, pull up our website, or visit your neighborhood’s Check City store to get your money now.
COMPARE SIMILAR PERSONAL LOAN OPTIONS
|Check City||American Express||PNC Bank||Marcus by Goldman Sachs||Sallie Mae|
|Amount||$300 to $3,000||$3,500 to $40,000||$1,000 to $35,000||$3,500 to $40,000||$3,000 to $35,000|
|Rates||lower APR than our payday loans||6.90% to 19.98%||5.99% to 25.99%||6.99% to 28.99%||6.99% to 24.99%|
|Fees||no origination fees||no origination fee, there are late fees||no origination fee, no prepayment fee, no application fee, but there are late fees||no sign-up or prepayment fees||no origination fee and no prepayment penalty fee, but there are late fees|
|Terms||6 months||12 to 48 months||36 months||36 to 72 months||36 to 60 months|
|Min. Credit Score||none||660||high credit score||660||n/a|
You don’t have to settle for less when it comes to your personal loan choices. There are many personal loan options available for all kinds of loan customers. You have your own loan requirements when shopping for a loan and with a little research, you can find the best personal loan for you.
*The information found in this article comes from the lenders’ websites and NerdWallet reviews at the time of posting.