Welcome to the Cosigned Personal Loan section of the SmartWealth app, your comprehensive resource for finding the best cosigned loan options from reputable lenders. Cosigned personal loans are an essential option for individuals who may have limited credit history or lower credit scores, offering the opportunity to access better loan terms with the support of a creditworthy cosigner. These loans can help borrowers secure lower interest rates, higher loan amounts, and build or improve their credit profiles. With the SmartWealth app, you can easily search and compare different cosigned loan options, empowering you to achieve your financial goals with the backing of a trusted cosigner.
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COSIGNED LOANS
US BANK
HIGHLIGHTS
JOINT LOAN OPTIONS + REPAYMENT OPTIONS
Recommended Credit
660 - 850 (Fair - Excellent)
LOAN CAP
$1,000 - $50,000
REPORTS TO:
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ALL BUREAUS
TERMS:
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PERSONAL COSIGNED LOAN
U.S. Bank provides personal loans to both clients and non-customers, however the qualification criteria and loan characteristics differ. For example, U.S. Bank clients have access to greater loan amounts and longer repayment terms than non-customers.
Financing is accessible in 26 states, and borrowers can determine their eligibility with a soft credit check, which will not harm their credit score.
U.S. Bank also provides a distinct small-dollar loan known as the Simple Loan.
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COSIGNED LOANS
NAVY FEDERAL CREDIT UNION
HIGHLIGHTS
FAST FUNDING + RATE DISCOUNTS
Recommended Credit
300 - 850 (BAD - Excellent)
LOAN CAP
$250 - $50,000
REPORTS TO:
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ALL BUREAUS
TERMS:
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PERSONAL COSIGNED LOAN
Navy Federal Credit Union provides a wide choice of personal loan sizes and payback options to pick from, making it a flexible option for borrowers. Personal loans are only offered to current Navy Federal members, including military personnel and their families.
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COSIGNED LOANS
PENFED CREDIT UNION
HIGHLIGHTS
FAST FUNDING + JOINT LOAN OPTIONS
Recommended Credit
700 - 850 (GOOD - Excellent)
LOAN CAP
$2,000 - $50,000
REPORTS TO:
-
ALL BUREAUS
TERMS:
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PERSONAL COSIGNED LOAN
PenFed provides simply customizable personal loans to meet the demands of the majority of clients. PenFed is mostly recognized for helping military personnel, but anyone can sign up by depositing at least $5 into a savings account.
The lender states that it accepts borrowers with great credit and that, in contrast to other credit unions, membership can be applied for at the time of loan application.To increase your chances of being approved for a loan or to receive a reduced rate, you can co-sign with someone who makes more money or has a higher credit score. This person shares repayment of the loan even though they will not have access to the funds.
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COSIGNED LOANS
SOFI BANK
HIGHLIGHTS
RATE DISCOUNTS + JOINT LOAN OPTIONS
Recommended Credit
300 - 850 (BAD - Excellent)
LOAN CAP
$5,000 - $100,000
REPORTS TO:
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ALL BUREAUS
TERMS:
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PERSONAL COSIGNED LOAN
In addition to offering a large range of loan amounts and adjustable repayment terms, SoFi's personal loans also come with exclusive benefits like free financial planning and estate planning savings. These are the typical characteristics of a five-star lender. SoFi loans can be utilized for regular expenses like debt reduction, as well as unique events like weddings, travel, adoption, and IVF treatments.
Borrowers may choose to pay an origination charge of up to 7% of the loan amount, but there are no mandatory fees. Prior to loan disbursement, the charge amount is subtracted from the loan proceeds.A co-applicant may be added by borrowers to their application. Your chances of qualifying or receiving a reduced rate may increase if you add someone with better credit or a greater income. agreed debtors on a shared loan are each accountable for loan repayment.
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COSIGNED LOANS
ACHIEVE
HIGHLIGHTS
RATE DISCOUNTS + FAST FUNDING
Recommended Credit
620 - 850 (FAIR - Excellent)
LOAN CAP
$5,000 - $50,000
REPORTS TO:
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ALL BUREAUS
TERMS:
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PERSONAL COSIGNED LOAN
Personal loans from Achieve, formerly known as FreedomPlus, are useful for paying off huge sums of credit card debt and other unsecured debt. For clients with fair, good, or outstanding credit scores (630 and above), the lender offers personal loans. Strong household incomes and excellent credit characterize the average borrower.By including a co-borrower on their application who has better credit or makes more money, loan applicants can increase their chances of approval or receive a lower interest rate.
