List of Advantage and Benefits of this Loan:
- Flexible loan amounts ranging from $3,500 to $40,000.
- Fully online process that can be completed within a few minutes
- Funding in 1-2 business days
- No prepayment penalties or origination fees
More about the credit Loan:
American Express has been in business since 1850 and strives to “deliver the best customer experience in the world every day”.
The application process is simple, fast and has few associated fees. You must be a pre-qualified card member to be eligible for these loans. American Express assesses your overall financial health and credibility before submitting a personal loan offer. Your APR, eligible loan amount and repayment period depend on this assessment.
American Express personal loans can be used to consolidate existing debt, for major purchases, home renovations, and significant life events. If you are looking for a personal loan to cover such an expense and are or are planning to become an American Express card member, then this personal loan lender may be a good option for you.
Why do we recommend the loan for you?
Personal loans have become a popular option to cover a variety of large expenses such as a home renovation, a wedding, a surprise expense, a funeral, and more. In some cases, it may be more affordable to use a personal loan than to use a credit card, as personal loans often have lower interest rates.
It’s even better when a personal loan, like American Express Personal Loans, doesn’t charge application fees or origination fees. American Express is also one of the few big names in the banking industry to offer personal loan products to regular customers.
Eligibility Criteria: Who can apply for this loan?
- Be 18 years or older.
- To be eligible for a personal loan, you must be a preapproved cardholder. According to the lender, your loan offer is based on your creditworthiness and other factors.
- You can find out if you’re pre approved by logging in to your American Express account. If you are, the company will display what rate and amount it can offer you. You can then apply for a loan up to the amount you’ve been offered.