Everything most people ask before using Loanplaced.

Loanplaced is a licensed loan comparison and placement service. We match borrowers with vetted lender partners across five loan categories: personal, business, mortgage, auto, and debt consolidation. Loanplaced does not lend money directly — we work on your behalf to surface the right offers and place the loan.

Loanplaced operates as a licensed loan broker and comparison platform, depending on the state and loan type. We are NMLS‑registered (#1234567) and hold state consumer finance and mortgage broker licenses where required. See our full licensing page for details.

Loanplaced was founded in April 2013 by a former mortgage underwriter and a consumer finance attorney. We have placed more than $3.4 billion in loans across all categories since inception.

Loanplaced is compensated by lender partners when a loan closes — a flat placement fee, not a percentage of the loan. Borrowers pay no fee to use our comparison service, and rates shown are not marked up. Lenders cannot pay for higher placement; offers are ranked by cost to the borrower.

No. Loanplaced uses a soft credit inquiry to preview offers. Soft inquiries are not visible to other creditors and do not affect your credit score. A hard inquiry only occurs if you formally accept a lender's offer and proceed to close.

Loanplaced works across the credit spectrum. Borrowers with FICO 660+ typically see the widest choice and the lowest APRs. Some panel partners approve loans down to 580 with adjusted pricing, and select mortgage programs (FHA) accept scores from 500.

For personal, auto, and debt‑consolidation loans: government ID, two recent pay stubs (or two months of bank statements if self‑employed), and proof of address. For mortgages: add two years of tax returns and W‑2s. For business loans: add business tax returns, an interim P&L, and a debt schedule.

Yes. Several Loanplaced personal loan partners accept co‑signers, which can significantly lower your APR if your co‑signer has strong credit. Mortgage co‑borrowers are common and structured through joint applications.

Yes. Once you complete the soft‑pull preview, the rates you see are personalized quotes from real lenders based on your profile. Rates on service pages (like personal loans) are indicative ranges from Loanplaced's approved‑offer data for the most recent complete quarter.

Offers are ranked by total cost of borrowing over the loan term — not by lender preference or placement fee. Total cost of borrowing includes interest paid plus origination and other mandatory fees.

The rate on your Loanplaced offer is the wholesale rate — there is no markup for us to unwind. That said, some lenders will match a competing offer or reduce origination in exchange for a loyalty relationship (e.g., ACH from an existing bank account). Ask your Loanplaced advisor.

Median funding time is 42 hours for personal, auto, and debt‑consolidation loans once you accept an offer. Business loans typically fund in 7–45 days depending on program (SBA 7(a) takes 30–60 days). Mortgages close in 21–45 days.

Some Loanplaced personal loan partners fund the same business day if you e‑sign before 11 a.m. ET. Same‑day funding is not guaranteed and depends on your bank's ACH processing.

No. Loanplaced does not sell borrower data to third parties. We share your application details only with the specific lenders you request quotes from, and only for the purpose of underwriting your loan. See our privacy policy for the full picture.

Loanplaced uses TLS 1.3 encryption in transit and AES‑256 at rest. Our infrastructure is SOC 2 Type II audited annually. Access is limited to licensed loan officers with a legitimate need for the file.

Yes. Loanplaced holds active state consumer finance and mortgage broker licenses where required, and is NMLS‑registered (#1234567). All licenses are listed on our licensing page and can be verified through the NMLS Consumer Access portal.

Your relationship for servicing (payments, statements, payoffs) is with the lender directly. Loanplaced remains available for any questions about the file, rate structure, or a future loan need.

Yes. Loanplaced customers can return at any time to refinance an existing loan (auto, mortgage, or personal). We keep no record that pressures a refi — we'll tell you honestly if refinancing doesn't save money.