*The full range of available rates varies by state. The average 3-year loan offered across all investors using the Alchemy Platform will have an APR of 19% and 36 monthly payments of $35 per $1,000 borrowed. There is no down payment and no prepayment penalty. Average APR is calculated based on 3-year rates offered in the last 1 month. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
** To evaluate savings on a loan you are considering, it is important to compare your actual APR from your existing debt to the APR offered on the Alchemy Platform.
Images are not actual customers, but their stories are real.
† If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3-business day wait period between loan acceptance and in accordance with federal law.
‡ While most of our borrowers opt for automated recurring payment for ease of use, we also accept payments by check or one-time electronic payments. Borrowers have the flexibility to choose the repayment method that works best for them.
†† When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information will be reported to the credit bureaus.
§ Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. The minimum loan amount in MA is $7,000. The minimum loan amount in Ohio is $6,000. The minimum loan amount in NM is $5,100. The minimum loan amount in GA is $3,100.
*One World Trade Center, Suite8500, New York, NY, 10007
©2019 Alchemy Marketplace, Inc. All rights reserved.