Frequently Asked Questions
Is Friendly Loans a lender?
No. Friendly Loans is not a lender and does not issue loans or make credit decisions. We connect consumers with participating third-party providers that may offer personal loans or related financial products.
How does Friendly Loans work?
You complete a short request form, and based on your information, we help match you with participating third-party providers. You may be presented with offers or redirected to a provider to review available options.
Will checking options affect my credit score?
In many cases, a soft credit check may be used during the prequalification process, which does not impact your credit score. However, if you proceed with a provider, they may perform a hard inquiry as part of a full application.
Am I guaranteed approval?
No. Submission of your information does not guarantee approval. All approvals, terms, and funding decisions are determined by participating third-party providers based on their own criteria.
How much can I borrow?
Loan amounts vary depending on the provider and your individual profile. Each provider has its own eligibility criteria and available loan ranges.
What factors affect eligibility?
Providers may consider factors such as your credit profile, income, employment status, existing obligations, and state of residence when evaluating eligibility.
Will I be contacted by providers?
In some cases, participating providers may contact you directly using the information you submitted to discuss available options.
Does Friendly Loans charge a fee?
No. Friendly Loans does not charge users a fee for using the platform.
How does Friendly Loans make money?
Friendly Loans may receive compensation from participating third-party providers when users are connected with financial products or services.
Is my information secure?
We use industry-standard security measures to help protect your information. Please review our Privacy Policy for additional details on how your information is handled.