Rates and Fees
Lendtly.com is committed to providing a transparent and cost-free service. While Lendtly.com does not function as a direct lender or lending partner and hence does not offer loans directly to consumers, it plays a pivotal role in connecting borrowers with its extensive network of lenders and lending partners based on the information provided by the applicants.
Adherence to the Truth in Lending Act
In strict compliance with the Truth in Lending Act, Lendtly.com ensures that all lenders and lending partners in our network provide borrowers with full disclosure of all applicable loan fees and interest rates prior to agreement. This critical information is shared with you at the time your loan application is approved, culminating in a prompt to an e-signature page for your convenience, facilitated by the lender or lending partner you are matched with.
Comprehensive Disclosure of Loan Terms
Upon connection with a lender or lending partner, you will receive detailed documentation outlining all relevant fees and rates associated with your loan offer. It is imperative that you thoroughly review this information to fully understand the terms before you agree to proceed. Remember, accepting these terms is entirely optional, and you are under no obligation to consent if the conditions do not meet your approval. Should you agree with the provided terms and wish to advance with the loan, your e-signature will finalize the agreement, and the loan funds will be processed for transfer.
Decision-Making Authority and Transparency
Please note that the specifics of loan fees and interest rates are determined exclusively by your lender or lending partner, based on the information you have provided. Lendtly.com operates independently of this process, with no influence over or insight into the particulars of your loan agreement. Should the terms offered not align with your preferences, you have the full liberty to withdraw from the process at any stage without obligation.
Policies on Late Payments
It’s important to familiarize yourself with your lender’s or lending partner’s policies on late payments, which will be clearly outlined in your loan documents. While all lenders and lending partners must operate within the bounds of relevant legal, regulatory, and statutory frameworks, specifics can vary. Understanding these policies before you agree to the loan terms is essential.
Non-payment Implications
Should you find yourself unable to fulfill your loan repayment, be aware that additional charges or fees may apply. Lendtly.com is selective in partnering exclusively with lenders and lending partners known for their reputable practices in collections, ensuring fairness and reasonableness in their approach to recovering outstanding debts.
Loan Renewal Considerations
The policy surrounding loan renewals is predominantly dictated by state regulatory laws. In jurisdictions permitting rollovers or term extensions, be advised that additional interest and late fees could significantly increase the final cost of your loan.