Pros
Quick Funding: Funds typically available within 24-48 hours after approval with minimal paperwork
Soft Credit Pull: Initial rate check doesn’t affect credit score, allowing risk-free rate shopping
No Prepayment Penalties: Borrowers can pay off loans early without additional fees or charges
Cons
Origination Fees: Charges 3-6% origination fee deducted from loan proceeds upfront
Credit Requirements: Minimum credit score of 600 required
Limited Loan Terms: Only offers 3 or 5-year terms with no flexibility for shorter durations