@Anonymous wrote:
@FlaDude wrote:
I doubt you'll get *much* lower. I got 6% from Marcus, but that was 1 1/2 years ago when rates were a bit lower. I did get about 6.5% APR (1% origination fee and 5.89% interest rate) from Lending Club recently. When shopping for loans I've used the CK pre-qual tool to help find the best option.
How did you qualify with Marcus? Were you targeted or did you apply yourself. Did you get SP or HP? Im just curious since Marcus is part of Chase and I seriously doubt Chase would ever offer personal loans like Amex does. I'd say say the rates are pretty similar but it seems like the big difference between the two would be the ease of process. Apperently Amex SP and deposit money next day.
To touch up on what I wrote from earlier:
The app process
1) Apply for your loan and select your terms and amount
2) Sign the loan documents in your email. This includes typing your full name, clicking on accept terms, and then clicking send. Yes, 2 whole mouse clicks and your name.
3) IIRC, I applied on a Sunday afternoon and woke up to an alert on my phone(Monday morning) that Amex deposited the money(18 hours).
Everyone else had a very similar experience. I know AJC got one recently and I think UncleB was another.
Hopefully they may see this thread and share their experiences.
The only downside that I know now is you cannot access your personal loan through the app and this includes both IOS and Android. You can access your loan through a mobile device but you'll need to log into the global site and skip the app.
If you like simplicity and a speedy process, do yourself a favor and go with Amex. You won't regret it.
