Credit9

• Simple Loan Application Process
• E-Sign Capabilities
• Apply With a Co-Applicant
• No Hidden Fees
• Financial Consultations Available

Simple Loan Application Process

As an online lender, Credit9 has a quick and simple application process. The company’s application and approval process involves three steps, including the following:

1. Checking your rates — You provide your basic personal information and employment documents, and Credit9 will provide the best interest rate available for you. Your credit score will not be impacted by checking your rates.
2. Accepting your terms — Upon approval, if you are satisfied with your loan interest rate and loan repayment terms, you can securely e-sign your contract.
3. Getting your money — Once approved, your loan could be funded in as few as 1–2 business days. Your creditors will be paid directly.

All Credit9 loans are made available by Cross River Bank. Loan amounts range from $2,500 to $45,000 with loan terms ranging from two to five years. If you’re unsure about the Credit9’s application and lending practices, you can speak with a company representative. Credit9 is committed to helping borrowers pay off their debt quickly and will work with you to secure the best options for your situation.

E-Sign Capabilities

As an online lender, Credit9 makes it easier to apply for a loan and get your money faster. The option to e-sign your contracts is noteworthy because not all lenders offer this capability and it can save you time.

Apply With a Co-Applicant

If you would like to secure a lower interest rate, Credit9 accepts applications with a creditworthy co-applicant. Other options for receiving rate discounts also include showing proof of retirement savings or setting up direct pay to your creditors.

No Hidden Fees

Credit9 doesn’t charge an application fee nor a prepayment penalty fee. You will however be responsible to pay a loan origination fee (a standard practice in the lending industry). The origination fee is charged in order to process a loan application and typically ranges from 1 to 8 percent of your total loan amount.

Financial Consultations Available

In addition to its lending services, Credit9 provides financial consultation services. While specific details regarding consultations aren’t provided, such as cost or scheduling, it can be helpful to know that you can speak with a Credit9 loan specialist regarding your debt or other financial questions and/or concerns.

• Limited State Availability
• Lower Maximum Loan Amount

Limited State Availability 

Credit9 is licensed to lend in 44 states — the company doesn’t lend in the following states:

• Colorado
• Maryland
• Nebraska
• New York
• Oregon
• Vermont
• West Virginia

Unfortunately, if you reside in any of the states listed above, Credit9’s debt consolidation loan services will not be available to you.

Lower Maximum Loan Amount

Credit9 offers loans up to a maximum amount of $45,000. Compared to some other lenders, this is a considerably low maximum amount — some lenders will provide loans up to $100,000. Thus, if you need a larger loan, you will need to research other lender options.

Lenders will typically require a borrower to have a high credit score and a stable financial situation to provide a loan as high as $100,000; it isn’t necessarily an option that will be available to all borrowers, especially at a low rate.