Personal loans can be used for any occasion and are flexible
What are Personal Loans?
Personal loans are based on credit and income. If needed, collateral can be used to qualify. They are a great choice for vacation, fixing your car, home improvement, or paying down debt. Personal loans are added as another line of credit to your credit report. Making on-time payments will build your credit whether you have good or bad credit.
These are closed-ended installment loans. Each payment contains a portion that goes to interest and a portion that goes to principle. At the end of the loan, you will have paid the complete balance off. Interest rates for these types of loans are also capped at 36% in the state of Arizona; which is 3% monthly. This is why these loans are more attractive than auto title loans and registration loans; where their interest rates range between 100% to 204% annually.
These loans are great to help you continue to increase your credit score. Most of our customers have been able to increase their score 20+ points in a short time. Take control of your financial future. Apply today to increase your credit score and get the money you need.
What are the Benefits
to a Personal Loan?
- Same Day Cash
- Quick Approval
- Fixed Rates
- Fixed Term
- Fixed Payment
- Build Credit
- Friendly and Courteous Staff
Subject to credit approval on personal loans, Subject to Credit worthiness, Subject to value of collateral, Subject to our normal credit policy.
Where to Start?
Submit and online application, come into our office or call today to see if you qualify. A decision is made in less than 15 minutes and you could take a check home in 30 minutes.
What Do I Need to Apply?
Government Issued ID
You can bring a Drivers License, ID, US Passport, Permanent Resident Card
Proof of Income
You can bring your last two paystubs, Social Security Award Letter, Bank Statement, or Income Taxes
Proof of Residence
You can bring a utility bill, apartment lease, or bank statment with current address
Types of Personal Loans
We offer both secured and unsecured personal loans.
Secured personal loans allow someone with limited credit history, access to lower rates for larger loan amounts. Usually, loan amounts are between $2,500 to $10,000. The security is usually a paid-off vehicle.
The vehicle’s value should be 50% higher than the requested loan amount. If the vehicle is restored/salvaged, the value should be 70% higher than the loan amount.
Unsecured personal loans range from $1,500 to $10,000. Usually, these loans are for well-qualified borrowers with many years of credit history at banks and financial institutions. Unsecured personal loans can be funded completely online.
1 Not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above.
2 SonAriz Financial loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university, or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal activities.
3 Important Notice About Refinancing or Debt Consolidation: Refinancing or consolidating your current debt may result in higher total finance charges if the interest rate is higher or the loan term is longer. You should also carefully consider the impact of increasing your debt, monthly obligations, and length of your repayment term. SonAriz Financial loans include origination fees, which may reduce the amount of additional money that you receive or that is available to pay off existing debts. Visit https://www.sonariz.com/loan-fees/ for more details.