No collateral is required or accepted for a loan through Elevate What will my Interest rate be? Your custom interest rate and loan amount will be determined by a variety of factors, including but not limited to your credit history, your income, and your ability to repay the loan.

We used information contained in your credit report to determine that you satisfied certain criteria for creditworthiness in conjunction with this offer. If, after you respond to this offer, it is determined that you no longer satisfy that criteria, credit may not be extended to you. This can happen if your credit score has recently decreased. Additionally, we don’t have your income information until you apply for a loan. Credit may not be extended to you if you do not have sufficient income to support your loan payments.

There are no fees or penalties for early payment of your loan. You only pay interest on your loan on the outstanding balance, so early payment will also reduce your interest charges. Any fees already paid, including origination or fees, will not be refunded.