ObjectiveOneLoans is a direct lender. All loans are unsecured, closed-end personal loans made by ObjectiveOne LLC dba ObjectiveOneLoans.
Our lending commitment. ObjectiveOneLoans is a fair, responsible lender. We do not offer high-interest or short-term payday-style lending, and our loans are never structured in a way we believe could be perceived as predatory. We charge no prepayment penalties, we disclose all fees and APRs up front, and we only offer terms we believe a borrower can realistically repay.
Rates and fees. APRs range from 6.99% to 17.99%. Your APR includes your interest rate and an origination fee of 0.99%–9.99% of your loan amount (at least 4.99% for terms of 4 years or longer). The fee is deducted from your loan proceeds. Your APR depends on your credit score, income, debt obligations, credit history, loan amount, term and other factors. Examples: a 5-year, $10,000 loan at 9.99% APR has 60 monthly payments of $201.81. A 3-year, $5,000 loan at 6.99% APR has 36 monthly payments of $152.83.
Loan terms. Loans range from $1,000 to $115,000, with terms of 24 to 84 months. Minimum loan amounts are $6,500 in Massachusetts, $5,001 in Ohio and $3,001 in Georgia. If you already have an ObjectiveOne loan, your combined balances can't exceed $100,000. You can prepay at any time with no penalty. Loans are not available in all states or in Puerto Rico. If you're approved, your loan agreement will contain your specific terms.
Funding. After verification, funds are typically deposited within 1–5 business days. Timing depends on your bank.
Important information about opening an account. To help the government fight the funding of terrorism and money laundering, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. When you open an account, we will ask for your name, address, date of birth and other information that lets us identify you. We may also ask to see your driver's license or other identifying documents.
