Understanding your loan

An APR demonstrates the cost of borrowing money on a yearly basis. It can help you evaluate different loan offers fairly. Only a lender can provide you with information regarding their loan rates and terms. If connected with a lender – your lender will provide you with the rates and terms associated with your loan offer. LoanUp does not make credit decisions or determine the rates and fees associated with any loan offer. You are under no obligation to accept a loan offer obtained through loanup.com and can deny any offer that does not meet your financial needs for any reason.


Personal Loan payments can be scheduled monthly or bi-monthly depending on your lender’s terms and your personal preference. In most cases, automatic payments are scheduled in order to prevent late payment, and for your convenience. Remember to review the repayment terms of your loan offer carefully, and understand when payments are due. Consult your lender for more information about your repayment terms.

Implications of Late Payment

If you are unable to repay your loan on time, you are urged to contact your lender as soon as possible. Late payment fees are set by the lender according to your state’s regulations, and each lender has their own policy regarding late payments. Personal loan lenders may take several courses of action in case of late payment. It is advised that you review all of the documentation you receive from your lender before signing the loan agreement in order to get an understanding of what will happen if your payment is late.

Implications of Non-Payment

Financial implications

Please remember to check the terms of your loan, and the financial implications of missing payments with your lender before signing a loan agreement. Please note that lenders may charge additional fees for non-payment or non-sufficient funds.

Collection practices

Depending on the lender, renewal may be automatic if the loan has not been repaid on the due date. Your lender may provide you with several repayment options. In many cases, you can choose between auto renewing a loan, paying it in full or paying down the principal. Please note that you may be required to pay additional fees associated with loan renewal, and your loan interest rates can be reset as well.

Impact on credit score

If you are late making repayment, the lender is within their right to report your missed payments to credit bureaus. Once the loan has been paid back in full, your lender will update the credit bureau, and your credit history will be updated as well.

State Regulations

Every lender in our network is required to adhere to Federal law and state regulations as they apply to personal loans. States typically govern the maximum amount that may be loaned and the amount of finance charges and interest that a lender can charge. Some states set limits on the number of loans that may be outstanding at any given point in time as well as the number of extensions that are available to consumers.

Please note that some lenders in our network may lend under other licenses that follow legislation that has different requirements.

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The operator of this website is NOT a lender or a broker, does not make offers for loans and does not charge you for any service or products. This site allows you to submit your information to our network of lenders to determine if they maybe be able to offer you a personal loan ranging from $100 up to $10,000. The actual amounts, terms, and APR a customer could qualify for will vary based on credit scores, individual lender requirements, and state laws. Not all lenders can provide up to $10,000. Services are not available in all states. Credit checks may be obtained by some lenders. By using our content and services, you agree to our Terms of Website Use, Privacy Policy, and Disclaimer .