Personal Loans

Fixed Rate, Fixed Term, and Fixed Monthly Payments

When unpredictable needs for money arise, a personal loan from Bank of Internet USA can provide you with the funds you need fast. Our personal loan program allows you to borrow money quickly without any collateral required.

Why a Personal Loan with Bank of Internet USA?

  • Unsecured personal loans from $5,000 to $35,000
  • 12, 24, 36, 48 and 60-month term options
  • Flexible lending criteria
  • Funding within two days of your acceptance of the final loan offer
  • Funds deposited directly into your or account
  • No pre-payment penalties
  • Preliminary offers with no impact on your credit score

For more information about personal loans from Bank of Internet USA, please contact a personal lending specialist at or call us directly at 1-866-923-3625 between 8 a.m. and 5:30 p.m. PT.

Get Your Prequalified Loan Quote in Three Simple Steps

1
Request a loan amount.
2
Create your account.
3
Provide your personal information.

Get your loan rate with no impact to your credit score.


Frequently Asked Questions

Applying for a Loan

How long does it take to apply for a personal loan?

Just a few minutes! The initial request to get prequalified takes about two minutes to complete and you will receive a quote immediately. Completing the rest of your application requires answering the verification questions, which takes another three to five minutes.

Can I apply online?

Yes, you can apply for your personal loan online! In fact, all applications are completed online. Prior to funding, we will reach out to you to ensure that your loan proceeds are directed to the proper bank account.

What if I have a question during the application process? How do I can contact Bank of Internet USA?

You can contact Bank of Internet USA by calling one of our customer service representatives at 866-923-3625 between 8am – 5:30pm PT or emailing us at personalloans@bofifederalbank.com with your questions.

Loan Prequalification and Approval

Your loan qualification is based on the information you provide in your application. Bank of Internet USA will use your income, employment history, assets, credit history, and credit score to determine your eligibility for a personal loan.

Your Information

What kind of personal information is required?

We ask for information that will help identify you and retrieve your credit history. We request your name, address, phone number, birth date, residence type, employment information, value of assets, and Social Security number to process your loan application.

Why do you need my Social Security number?

We need your Social Security number to request a soft inquiry from credit bureaus to provide you with a prequalified loan rate. We will also request your full credit report from the credit bureaus should you apply for a personal loan.

Why do you have to run a credit check and will it affect my credit score?

Your credit history informs us of your lines of credit and payment history. Your credit report is one of many factors we evaluate as part of your application for a personal loan. Our request for a soft credit inquiry during the loan prequalification process will not affect your credit score. Once you decide to apply for a personal loan, a hard inquiry is run prior to transferring money to your account to ensure there have been no significant changes.

How will applying for a personal loan impact my credit score?

Prior to depositing the loan proceeds into your bank account, we will request a hard credit score inquiry. Once funding is completed, we will also report a new credit account and payment history to the credit bureaus. The credit bureaus take information in your credit report, such as the number of inquiries, open credit accounts, payment history, and other factors, to generate a credit score for that moment in time. See for additional information.

What do you do with my personal information?

The information we request is used to check your credit and evaluate your loan application. Your information is safe with us. We do not sell your information. See our for full details.

Loan Offers

What loan amounts are available?

Bank of Internet USA offers unsecured personal loans in amounts between $5,000 and $35,000.

How long do I have to repay my loan?

We offer 12, 24, 36, 48 and 60-month term options. All terms may not be available for all loan requests.

What is the difference between the preliminary loan offer and the final loan offer?

Your preliminary loan offer is a prequalified quote based on a limited set of questions. We will then ask you to verify some of the information you provided to complete your loan application. In some cases, the additional information given during the verification process affects the preliminary quote, and the final loan offer is adjusted to reflect those changes. Only the final loan offer is guaranteed, not the preliminary offer.

Once you have provided me with a loan rate quote, am I qualified for the loan I have requested?

No. We will use the information you provide in your loan application to determine whether you can be approved for the loan you requested. If we are able to verify your identity and the information you provided in your application, then the chances are good that you will be approved for a personal loan.

The loan I requested is not the same as the one I was approved for. How do you decide what kind of loan I will receive?

After we review all the information in your loan application and your credit history, we then determine the final loan terms based on what we believe you'll be able to pay monthly.

Verification

I already received a preliminary offer. Why do I have to go through a verification process?

Your initial prequalified offer is contingent upon verifying the information you provided in your application and confirming your bank account. You must successfully complete the verification steps in order to receive your final loan offer.

What are the verification steps?

We may require verification of your email address, your identity, your income and any other item that will help us validate the information you provided in your application. We also need you to add a bank account for your direct deposit and automatic payments.

Funding Your Loan

How will I get my money?

Bank of Internet USA directly deposits the funds into your bank account. There's no need for you to wait for a check in the mail. As part of your loan application, you will be prompted for your account information to set up direct deposit. Once you have accepted your final loan offer, we will release your funds to the bank account on file.

How long after I accept the final loan offer will it take to receive my money?

Your money should appear in your bank account within two business days.

Loan Payments

Can I pay my personal loan back all at once?

Absolutely. You can pay off part or all of the balance of your personal loan at any time without any pre-payment penalties.

When will my payments be due?

Payments are due monthly on the anniversary of the acceptance of your approved loan. For your convenience, payments will be withdrawn automatically from your bank account on the payment due date. It's that easy. You can also call 866-923-7112 and select option 3 to set alternative payment options.

What if I miss a payment?

If the automatic payment is not successful due to insufficient funds, then you will incur a $25 insufficient fund fee. In the event that a payment is missed beyond the grace period, a late fee of $15 will also be assessed to your account.