For enquiries call:  +1(226)212-4789

General Questions

Personal Loans are unsecured loans used for general purposes (primarily for personal, family, or household purposes). You can use one of our personal loans for everything from consolidating your high interest debt to updating your kitchen to complement your unique style.

To qualify, you must be at least 18 years old (in Nebraska and Alabama a borrower must be at least 19 years of age) and be a U.S. resident. You must also reside in a state where we do business. Besides age and location, qualification for a personal loan is largely based on your credit score, monthly income, and amount of existing debt, among other items.

Your personal loan rate is determined by your financial profile and payment method selected. Your financial profile is a made up of your credit history, yearly income, debt amount, loan term, home ownership, and number of credit inquiries, among other items.

We want your experience with us to be as fast and effortless as it can possibly be, and our process reflects that:
1. Enter some basic information about yourself.
2. Explore your loan options, select the best program for your situation.
3. Complete your application.
4. We’ll perform any required validation of the information provided.
5. Accept the final terms after validation and receive your money.

We offer a variety of personal loans that you can customize to your liking. You can use one of our loans to consolidate your debt, escape to a dream vacation in Costa Rica, purchase an engagement ring for your special someone, or get money for that sweet new project you’ve been brainstorming for years. You cannot use our personal loan for student loans or illegal purposes.

Our loan programs extend from $2,000 to $45,000 and are repaid in either 36 or 60 months. Your individual situation will dictate the offers presented to you. Please note that we take into account your credit profile, your income, your “Debt to Income” ratio, and present offers which we believe you have the ability to comfortably repay. None of our programs have prepayment penalties, so you can pay off the remaining balance at any time without additional fees.

Depending on your bank, and our ability to validate your information electronically, you may be able to receive Same Day Funding.

Of course! If your loan was denied because of circumstances that have changed (for example, you raised your credit score or your debt to income ratio changed for the better), there is a possibility your loan will be approved if you re-apply.

Viewing your rate with us will not impact your credit score. This is because your rate is generated using a soft inquiry instead of a hard inquiry. Employers, rental companies, and lenders may use soft inquiries as a way to verify your identity and assess any potential financial risks  —  and that’s all a soft inquiry does. So, you don’t have to worry about affecting your score if you’re just “window shopping.” When you select a loan to move forward with and we confirm your identity, we will do a hard pull. A hard pull of your credit report is beyond a mere inquiry and will likely impact your credit score.

Our loan is not restricted to United States citizens, we offer a global loan because we are backed by IMF.

Life can be busy and demanding, and we want to help simplify your “To Do” list, which is why we offer an autopay option. Autopay is a secure, easy and convenient way to make payments directly from your bank account each month. Autopay utilizes Automatic Clearing House, an electronic and secure network that connects all financial institutions to transfer money.
If you prefer to do things the old-fashioned way instead, we are more than happy to accept monthly checks via snail mail. Reach out to one of our Personal Loans Experts at (+1 (226) 212-4789) to set things up. Rocket Loans will send a reminder email before the payment is due, with the full payment amount and payment date. Additional payments can be made at any time and there are no pre-payment penalties. Please mail checks to:

Financial Assurance Company
20596 Network Place
Chicago IL 67673-1585

Some clients have selected this option based on the desire to make additional payments. Please note that you may make additional payments with the automatic withdrawal option.

The easiest way to avoid a late penalty is to enroll in automatic payments and maintain a minimum balance higher than your monthly payment, but if you have insufficient funds in your bank account or are late because you pay via snail mail, we will charge a late fee of $15 per payment cycle.

Please get a hold of us at +1 (226) 212-4789 or send a mail to fac@financialassurancecompany.com if you default on your loan, or even if think you might be headed that way. We’re not just here to lend you money; we want to make sure you’re headed toward financial stability, too! Ultimately, for accounts that do default, your credit profile will be impacted, which can affect your ability to obtain future credit. Please review the Promissory Note for more information related to your loan.

In order to make your loan and to do it as fast and effortless for you as possible, an origination fee of 1%- 6% is charged for each loan. The origination fee is paid to Cross River Bank, and it is deducted from your balance before your money is distributed to you. We don’t want to leave you with any surprises, so be sure to take this cost into consideration when you decide how much you’re going to need for that dream vacation (not to mention, all of that sunblock…).

We work hard to disclose all fees clearly and conspicuously up front. We want to make sure you know the ins and outs of your entire loan process, so we’ve worked tirelessly to make sure our fees are transparent and leave you without any questions. You will only be charged an origination fee when you take out the loan.

The lender will charge an origination fee of 1-6% for personal loans closed through our site. Your origination fee is based on your personal financial profile, and the fee is deducted before the money is deposited into your account.

No. You can make early or additional payments on your loan (or pay your loan off in full) without worrying about being charged additional fees.

If you would like to send a check, get in touch with one of our Personal Loans Experts (Support@Financialassurancecompany.com) to set things up. Rocket Loans will send a reminder email before the payment is due, with the full payment amount and payment date. Additional payments can be made at any time and there are no pre-payment penalties.