About Connecticut Loan

CTloan.com is not a lender. We don’t fund any loans nor do we assume to. CTloan is an online platform that connects our clients with reputable lenders who can accomplish their loan needs.

CTloan is a 100% free service and will not and will never charge you, our consumers a fee for using our free online service. Our intention is to help the residents handle the hectic journey of getting the greatest loan available.

We provide numerous financial services to our clients. We can connect our consumers to a variety of loan companies offering a variety of types of loans. CTloan.com help our customers get personal loans, credit cards, auto loans, education loans, education loan refinancing, debt consolidation and business loans.

You should choose CTloan.com because of our countless years of know-how in the loan marketplace to guide you through the process of getting a loan. We have already finished the research, developed comparison tools and made a way to painlessly connect you with a perfect lender for your current situation.

Receiving a loan, no matter your credit score or financial situation is easy with CT loan. We have partnered with a big selection of loan companies lending to people spread across the credit spectrum. We take great pride in being able to connect our customers with their ideal loan whatever their current situation.

Getting A Loan

Getting a loan in Connecticut is painless, quick and easy thanks to CT loan. The first step is to go to our loan page and select the type of loan or credit you’re interested in (loans offered). Then simply select the button to get connected and complete our loan connection form. We then connect you to loan companies in a matter ofseconds. You then choose the lender of your choice.

CTloan.com’s platform can connect our consumers with the perfect lender in a matter of seconds, the time at which loans are funded changes depending on the lender.

Applying with a lender will not affect your credit score at all. Our partners use soft credit checks, which doesn’t influence your credit.

The number to which you can apply for changes depending on the loan company. Employing our comparison system you’ll be able to see the max loan amount each lender offers.

About Lenders

Each loan company has an developed a method {to decide|that decides who they approve as borrowers as well as at what rate the loan will carry. This is procedure called underwriting. Loan companies view numerous elements including but not restricted to to your credit, your debt-to-income ratio, and your financial standing to judge your creditworthiness.

Whether or not you are eligble for a loan changes by the lender and loan type. Ordinarily, loan companies will look at your credit score, current income, employment history and various other considerations. Luckily Connecticut Loan removed the guesswork out of receiving a loan online.

All lenders have a distinct application process, but they are all pretty related. While applying the loan company will typically inquire for your name, physical address and social security number (it is needed to inquire a credit check). This is seldom an occurrence but depending on the loan type and lender you might have to submit documents like pay stubs, tax returns, transcripts, etc.

Loan rates are determined on observed risk. They are established on the lenders underwriting, they determine the risk of a consumer defaulting when they request a loan. The lower the risk, the smaller the rate offered by the loan company. The higher the risk the less probability the loan is to be approved and the higher the loan rate will be.

Trying to get a loan is 100% free. In fact, you should never be forced to pay in order to appy for a loan. CTloan doesn’t partner with loan companies who will charge you to apply for a loan. We highly recommend against doing business with such lenders.

About Loans

Annual Percentage Rate is the percentage of credit that contains all fees, including fees the lender makes you pay for a loan (ex. origination fees). Annual Percentage Rage (APR) is useful when comparing various loan offers because it includes all fees. The interest rate is the total value of cash that is charged for borrowing the money. Rates don’t contain the origination fee or any other fees associated with the lender.

A floating rate is loans whose APRs will change after time, usually around one year. The increase of the APR will be determined by some internal estimate, like prime rate. Determining whether you need a fixed or variable loan is significant because with a variable rate, your rate may get larger later down the line. The lower interest of a floating loan is commonly referred to as a “teaser rate” to entice borrowers to the lower rate.

Consumers who don’t have a well established credit may have a hard time receiving a loan.

Traditional lenders, for example banks typically do not lend to people who lack an established credit history. If you find yourself in this position, you {would need to go an alternative lender. CT loan has partnered with many alternative lenders to gurantee you get the loan you want.