AmONE is an online loan marketplace that helps connect borrowers with lenders offering personal loans, business loans, student loans, and more. In this comprehensive guide, we’ll walk through exactly how AmONE’s loan matching service works and what you can expect as a borrower.
Overview of AmONE
Founded in 1999, AmONE is one of the pioneers in the online loan matching space. They work with a network of over 100 lenders to provide consumers access to a wide range of loan products.
Some key things to know about AmONE
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They are a loan marketplace, not a direct lender. AmONE matches borrowers with potential lenders but does not lend money directly
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Their services are 100% free for borrowers. AmONE makes money from commissions paid by lenders.
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They match borrowers nationwide with lenders offering loans from $1,000 up to $50,000.
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AmONE works with lenders that serve those with good credit as well as those with bad credit.
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They offer a range of loan types including personal loans, business loans, student loans, auto loans, home improvement loans, debt consolidation loans, and more.
Now let’s walk through the step-by-step process of how you can get matched with lenders on AmONE.
Step 1: Submit Initial Information
The first step is to provide some basic information about what type of loan you need and what loan amount you’re looking for.
There are two ways to do this:
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Online form: Fill out the secure online form on AmONE’s website providing details like your name, contact info, requested loan amount, purpose of loan, and estimated credit score range.
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Phone call: Call their toll-free number at 1-800-781-5187 and speak with a loan expert. Provide the same information over the phone.
AmONE needs just a few key details upfront to match you with appropriate lenders. Filling out the form or calling only takes about 5-10 minutes.
Step 2: Loan Matching & Lender Offers
Once AmONE has your information, their system goes to work matching you with potential lender partners. Within an hour or less of submitting your details, you’ll get a call from an AmONE loan specialist explaining the loan offers available to you.
The loan specialist will explain details like:
- Interest rates and APRs
- Loan amounts
- Fees
- Loan terms and repayment schedule
- Requirements from each lender
Usually AmONE is able to provide multiple loan offers from different lenders within the same day. You can select the offer that best matches your financial needs and situation.
Step 3: Review Lender Details & Choose Your Loan
Next, you’ll want to carefully review the details of each loan offer and lender:
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Interest rates & fees: Make sure you understand the APR and exactly what fees are associated with the loan.
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Loan terms: The loan term affects your monthly payment. Make sure the repayment schedule fits your budget.
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Lender reviews: Research online reviews for each lender to ensure they have a solid reputation.
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Fine print: Read the fine print to understand any extra requirements from the lender.
Take your time reviewing the loan offers. An AmONE representative can explain any unclear details and answer your questions. Once you’ve selected your preferred loan option, they can help you through the next steps.
Step 4: Application with Lender
After you pick the loan you want to move forward with, AmONE will connect you directly with that lender to complete the full application.
This application directly with the lender will require more detailed information including:
- Full legal name
- Date of birth
- Social Security Number
- Employment details
- Income and expenses
- Financial account info
The lender will also complete a hard credit check at this point, which can temporarily impact your credit score.
Providing all required information accurately ensures the loan process moves along smoothly. AmONE representatives are available for support if any questions come up during the application.
Step 5: Loan Approval & Funding
As long as your application is complete and accurate, you’ll receive a loan decision within 1-3 business days in most cases.
Once approved, the lender will finalize the loan agreement detailing the exact loan amount, terms, interest rate, fees, and repayment schedule. This agreement must be signed before the loan can be funded.
The lender will distribute the loan funds directly to you, usually via direct deposit within 1 week or less of final approval. Some lenders may also offer the option to pick up a check in-person.
And that’s it! With your loan approved and funds received, you can put the money to use for your intended purpose. AmONE will follow up to ensure you’re satisfied with the entire process.
Tips for Getting Approved & Finding the Best Loan
Here are a few tips to boost your chances of approval and match with the best loan offer:
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Have a clear purpose for the loan when applying. Lenders prefer borrowers who demonstrate a plan for the funds.
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If possible, apply with a co-borrower like a spouse. This can improve the chances of approval.
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Aim for the highest credit score possible. Borrowers with scores above 640 tend to get better offers.
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Only apply for what you need. Requesting too much can lead to denials.
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Compare multiple lender offers. Even a small rate difference can save significant money over the loan repayment period.
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Ask AmONE reps for guidance if you have concerns about getting approved based on your credit or financial situation.
The Bottom Line
AmONE provides a convenient marketplace connecting you to multiple lenders with just a quick online form or phone call. Within a day or two, you can compare personalized loan offers side-by-side.
They make the process of finding and comparing loans easy and transparent. With AmONE’s help, you can identifying the perfect loan option for your needs from their network of trusted lending partners.
Here’s how we do it.
We help consumers and small business owners nationwide solve their financial needs in the safest and easiest manner possible.
Tell us about yourself Answer a few basic questions about yourself and your financial goals through our online application.
Find trusted lenders Instantly receive a list of trusted lenders that most closely match your profile.
Get the best personal loan for you Choose your lender and apply for your loan while we remain available to support you in the process.
It’s easy to get started Finding and applying for a personal loan shouldn’t be hard. Fill out one application through our easy form.
We’ve partnered with highly rated debt consolidation and personal loan companies to offer
solutions and support to save you time and money.
Finding and applying for a personal loan shouldn’t be hard.
We’ve partnered with highly rated debt consolidation and personal loan companies to offer you solutions, information, and support to save you time and money while also giving you peace of mind knowing you’re making an informed financial decision.
AmONE is a legitimate, free service that matches borrowers to real direct lenders in their states. You can see AmONE reviews from real consumers on sites like Trustpilot.
The amount an individual borrower can get depends on many factors including income and other debts, but generally, personal loans are commonly available for up to $50,000. Some borrowers may qualify for up to $100,000, and a few lenders offer loans this high.
Personal loans from legitimate, trusted lenders, such as the ones partnered with AmONE, are safe. You may be concerned about predatory loans with obscene interest rates and other bad practices, but we have carefully vetted our lenders to ensure they are safe.
Yes, we use the highest level of security and encryption to ensure your information remains private and safe.
The only time a personal loan would be bad for your credit is if you failed to make payments on it. If you make your payments on time and pay the loan as agreed, a personal loan will help your credit.
The vast majority of personal loans are fixed rate. No matter if rates go up or down, you will keep the same rate on your personal loan, unlike your credit card, which is a variable rate.
Yes, you can pay off personal loans early. Most legitimate personal loans will not charge you a fee to pay off the loan early, but you should check to be sure.
You can use a personal loan for many things, including home improvement, debt consolidation, emergencies, medical care, and more. There are a few specific things you can’t use personal loans for, such as gambling or paying for college, but most lenders are very flexible as to what you can use your loan for.
Nobody can say for sure if the Fed will raise rates, which in turn would raise personal loan rates along with all other rates, but once you get your personal loan, your rate is locked in and won’t go up no matter what the Fed decides to do.
As with many loans, including mortgages, you may pay a loan origination fee. This is to pay for the expenses that come with taking out a loan including checking your credit and administrative costs. It should only be a few percentage points of the loan amount. Sometimes it is taken out of your loan amount and sometimes it is added to it.
AmOne Personal Loans Up to $50,000 | Get Approved In Minutes
FAQ
Is AmONE personal loan legit?
Does AmONE ask for proof of income?
What is an AmONE loan?
Does AmONE require collateral?
What are Amone loans & how do they work?
These loans are designed to get you out of debt faster with a lower interest rate than your credit card’s APR. They don’t require any collateral. AmONE connects customers with loans ranging from $1,000 to $50,000, with the amount and interest rate dependent on the borrower’s credit score.
Is Amone a lender?
AmONE is not a lender. They are a loan marketplace that uses technology to match borrowers with partner lenders based on their borrowing needs. You can’t get a loan directly from AmONE, but AmONE can help you compare offers from lenders to save you time and money. How do I apply for a loan with AmONE?
What is Amone & how does it work?
AmONE is a personal loan comparison portal that aims to make it easier for prospective borrowers to compare options from multiple banks and lenders (AmONE is not a lender). Ultimately, you save time by getting matched with personal loans based on your profile in a single place–no need to visit and get rate quotes from each lender.
Does Amone offer unsecured loans?
They offer both secured and unsecured loans for people with a range of credit scores. Debt consolidation: AmONE provides customers with a range of debt consolidation services depending on their needs. For those with good credit or excellent credit who just want a lower interest rate, the company provides offers from debt consolidation lenders.