VivaLoan Review: Connecting Borrowers With Lenders

When you are looking for a personal loan, it is important that consider the most competitive lender. VivaLoan is an online personal loan marketplace that connects borrowers with lenders. The platform does not lend money itself, but rather it matches you with lenders who offer loans that meet your individual needs.

You need to be cautious when borrowing money to avoiding sliding into a debt trap. This is a situation where one is forced to borrow money to repay the existing loans, which can lead to bankruptcy. There are several loan terms like payment duration and APR that you should consider when borrowing money. With the many lenders in the market, it is challenging to identify the best. Having the best lender will ensure that you get the best loan terms and also avoid falling into a debt trap.

How VivaLoan Works: Matching You with the Right Lender

Vivaloan is an online lending platform that compares loans in the market and connects borrowers with the best lenders. Vivaloan is not a lender itself, but it is a platform that matches lenders with borrowers. This means you are not actually getting a Vivaloan loan. The platform is simply a credit broker or payday loan broker. For example, if you are looking for a loan with a poor credit score, the platform matches you with a lender that considers a bad credit score. You can borrow between $100 and $15,000 and use it on anything.

Vivaloan lenders offer flexible repayment options, with installment loans up to 60 months and short-term loans payable on your next payday. If Vivaloan can’t connect you with an installment lender, they’ll try to secure a short-term loan instead.

Vivaloan is not a financial institution, lender, loan broker, or an agent of a lender or loan broker. Vivaloan does not make loans, is not involved in the loan approval process, and is not involved in a lender’s decision-making process in any way. Vivaloan merely provides a means for persons seeking loans to possibly connect with lenders who can provide those loans.

Vivaloan Eligibility Requirements

Vivaloan is a loan marketplace that connects borrowers with lenders. The specific requirements for a Vivaloan will vary depending on the lender, but the minimum requirements are as follows:

  • Age: You must be at least 18 years old to apply.
  • Citizenship: You must be a U.S. citizen or permanent resident.
  • Income: You must have a steady income. The specific income threshold depends on the loan amount and repayment terms of the lender.

In addition to these minimum requirements, some lenders may also require borrowers to have a good credit score or a history of on-time payments.

It is important to note that Vivaloan is not a lender itself. The company simply matches borrowers with lenders who are willing to offer them a loan. This means that the exact requirements for a Vivaloan will vary depending on the lender.

Applying for a VivaLoan: Easy Steps to Your Loan Approval

Who Can Apply for a Vivaloan?: Vivaloan usually has a large network of lenders and can give loans to people with poor, bad and excellent credit scores. Therefore, regardless of your situation, Vivaloan has a network of lenders where you can get a loan. Some of the things that lenders look at when giving loans include credit score, your income, credit history and the State you reside in.

You can apply for Vivaloan online. You need to provide the following details during the loan application process.

  • The amount you want to borrow and your credit score
  • Your name, phone number, date of birth and email address
  • Source of income and your employer
  • Bank details like bank name, account number and routing number

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VivaLoan Fees

It is important to note that Vivaloan is a loan marketplace, not a direct lender. This means that you will be borrowing from third-party lenders, and the fees and interest rates associated with your loan will be determined by that lender.

While the company does not charge borrowers any fees, such as origination fees or prepayment penalties, it earns revenue by charging lenders a commission. This means that borrowers can apply for a loan and get approved without having to pay anything upfront.

Before you borrow a Vivaloan, it is important to carefully review the loan terms and conditions to understand all the fees and interest rates that may apply. You should also compare Vivaloan to other loan providers to find the best deal for your needs.

Is VivaLoan Safe and Secure? Your Information Matters

Vivaloan is a safe and secure platform that uses 256-data encryption to ensure your information is safe and secure. However, when you apply for a loan through Vivalaon, you are likely to get phone calls. You are required to provide your number when applying for a loan. The phone number can be shared with various lenders. Therefore, if you don’t want to get bombarded with phone calls, you can avoid Vivaloan.

Check Out Vivaloan Alternatives

If you don’t like Viva loan, you can use peer to peer lending platforms where investors provide loans to borrowers. The platforms include the following:

You can also explore options for personal loans with bad credit.

Vivaloan Supported Countries

Vivaloan is available in the US. However, it is not available in the states of New York, Washington D.C, or West Virginia.

Vivaloan: An Online Personal Loan Marketplace

Vivaloan is not a bank or a lender, but a platform that matches you with prospective lenders. Once you have submitted your application, Vivaloan will review your application and connect you with third-party lenders who are interested in offering you a loan. You will then be able to compare loan terms from different lenders and choose the one that best meets your needs. We advise you to apply for a loan only when it is very necessary and when you are in a position to repay to avoid falling into a debt trap.

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Vivaloan FAQs

What's Vivaloan credit score?

Vivaloan does not have a specified credit score which one needs to meet to qualify for a loan. Vivaloan will connect you with the right lender depending on your credit score. Even if you have a poor credit score, they will still match you with the right lender, but your loan will be more expensive.

Is Vivaloan safe and legit?

Vivaloan is a safe and legitimate company that connects borrowers with lenders. Vivaloan uses industry standard security protocol and enhanced 256-bit data encryption technology to ensure that your information is secure while using the marketplace.

What are Vivaloan requirements?

Vivaloan is not a lender itself. The company simply matches borrowers with lenders who are willing to offer them a loan. This means that the exact requirements for a Vivaloan will vary depending on the lender. But t the minimum requirements are as follows: You must be at least 18 years old to apply, and you must be a U.S. citizen or permanent resident.

What are Vivaloan rates?

Note that Vivaloan is not a direct lender. This means that you will be borrowing from a third-party lender, and interest rates associated with your loan will be determined by that lender.

What's Vivaloan customer service?

It is challenging to reachVivaloan customer support. Their website does not provide customer support contact details such as Vivaloan phone number. However, you can access their website and apply for a loan at any time, 24/7.

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