Consumers that received an invitation to apply for a personal loan from online lender Payoff can visit their application website to get started. Loans are granted in the range from $5,000 to $35,000 and applicants can first check to see what they’re APR will be before actually applying.
If you like the APR then you can continue on with the application process.
Enter Payoff Invitation Code
There is a 4 step process from start to finish that you will follow:
- Visit www.payoff.com/myloan
Check Rate
Enter your 10 digit invitation code
Click the red Check My Rate button
**Understand that checking your rate does not affect your credit score
Choose Your Terms
You will have term options to choose from along with repayment terms based on your annual percentage rate and loan term.
Verify Your Information
Review your term decision including all info
eSign your loan documents
Receive your funds electronically deposited into your account
***Consumers that perhaps did not receive a pre-approval invitation to apply for a Payoff loan can still apply. There is an option on the application homepage payoff.com/myloan that you can select “I don’t have a code.”
What is Payoff?
Payoff is an online lender that has a small network of lending partners that originate loans. Here is a list of lenders they work with:
Alliant
First Electronic Bank
First Tech Federal Credit Union
TechCU Technology Credit Union
Payoff loans are geared towards getting consumers out of credit card debt faster. By getting approved for a loan at payoff.com/myloan you can eliminate your credit card debt which does the following:
Stop paying high interest rates to credit card companies
Immediately begin saving money via lower APR
Simplify your payments
Get out of debt faster
Increase your credit score
Payoff Loan Highlights
If you’re considering going the Payoff route here are some other benefits that a Payoff consolidation loan can offer you:
Between $5,000 and $35,000
Lower rates than most credit cards
Customizable loan terms
Single, fixed, and affordable monthly payment
Fast application – takes a few minutes to check your rate
Specifically designed to help you eliminate high interest credit card debt
APR 5.99% – 24.99%
Loan terms 24-60 months
No application fees
No prepayment penalties or fees
No late fees
No annual fees
Reference
www.payoff.com/myloan