SphereLend is not a financial institution, lender, loan broker, or an agent of a lender or loan broker. SphereLend does not make loans, is not involved in the loan approval process, and is not involved in a lender’s decision-making process in any way. SphereLend is a free, no obligation service, that introduces prospective borrowers to prospective lenders who offer loans. SphereLend merely provides a means for persons seeking loans to possibly connect with lenders who can provide those loans. In order for SphereLend to facilitate such a connection, a prospective borrower is required to provide certain information in order for the lenders that SphereLend works with to determine whether they might be interested or able to lend money to a prospective borrower. SphereLend receives compensation from the lenders who, based on their criteria, determine that a potential borrower appears to meet their lending criteria (a “Lead” or “Leads”).
The lenders who compensate SphereLend for Leads may request that introductions and Leads be based on information provided by prospective borrowers including social security number, address, phone number, employment history, bank account information etc. However, the information you submit on this website is not an application. It is information required by the lenders we work with in order to determine whether there’s a potential fit between a prospective borrower and a lender. SphereLend does not accept loan applications, does not collect loan applications, does not sell loan applications, and does not assist in the loan application process in any way. Prospective borrowers will need to fill out an application with any lenders they are connected to through this website. Prospective lenders may verify your supplied information with a number of independent verification companies including but not limited to: CLVerify, Teletrack, or Accurint. Prospective lenders may ask for additional information as part of their application processes. SphereLend cannot and does not guarantee that a prospective lender will approve a loan in a certain amount or even that a prospective lender will approve you for a loan. Qualifying for final approval for a Personal Loan depends on many factors including, but not limited to: income levels, credit and state of residence Not all lenders will approve a loan for the full amount requested. Not all lenders will approve a loan up to $5,000. All requests are subject to credit approval by the lender and the exact terms of your loan will be determined and presented to you by your lender. Each lender uses their own policies to determine their terms.
SphereLend provides no advice regarding the lenders introduced to prospective borrowers. SphereLend cannot guarantee that its prospective lenders are qualified to make loans in your state. Prospective borrowers should research any lender that they are introduced to and should not seek a loan from a lender that does not offer loans in their state. SphereLend provides no advice regarding loan terms, the suitability of loans to you, or any other aspect of a loan. SphereLend merely makes connections between prospective borrowers and lenders. SphereLend does not present loan terms to prospective borrowers. Only prospective lenders provide loan terms to prospective borrowers once SphereLend makes an introduction. You should carefully review each lender's terms and conditions to determine which loan works for you and your personal financial situation. SphereLend recommends that potential borrowers read any loan terms thoroughly and/or retain a loan broker or agent if advice is needed. Interest rates and terms from prospective lenders are subject to change at any time without notice. Late or missed loan payments may be subject to increased fees and interest rates by the prospective lender. Prospective lenders offer no guarantee that you will be approved for credit or that upon approval you will qualify for the prospective lender's advertised rates, fees, or terms they have shown. The offers on this site are from lenders who provide compensation to account.SphereLend.co for provided leads. There is no cost to you to use this service. All reasonable efforts are made to provide and maintain accurate information. The rates set forth herein are examples for illustrative purposes only and are provided by prospective lenders. They are not a guarantee or commitment from the prospective lenders to loan funds or extend credit. Loans are not available in all states at all requested amounts. This service is not available to residents from New York or West Virginia.
