Maybe you have a surprise medical bill or an emergency car repair. Or, it might be something as simple as a home improvement project. Whatever the unexpected expense or other financial need, we can help. While we are not lenders, we do partner with lenders that offer a variety of loan types. Let us discuss your need and get you pre-approved for the right loan. Some of our lenders fund in as little as 3-5 business days!
The amount you are eligible for depends on a number of factors. Some of those factors include: the purpose for your loan, your credit, whether the loan will be secured or unsecured, the laws in your state governing personal loans, and the amount that a lending partner is able to secure. On average our lenders offer personal loans ranging from $1,000 to $40,000.
If you’ve ever considered a loan, you may have felt overwhelmed about choosing the right lender and loan type. Our streamlined process makes requesting a personal loan as simple as completing our online form. We then collect some basic information about your ability to repay the debt and go to work to find the right lender to meet your needs.
Let's Talk Fees
We never charge a loan fee before your loan is funded. The Annual Percentage Rate (APR), is the amount of interest you would pay on a loan over the course of a full year. Any loan fees and the APR of your loan is determined by your lender and our lending partners and varies depending on the loan type, the information you provide when you submit a request, and on your lender’s policies and terms.
After we help you find the right loan type with the right lender, you will be presented with a loan agreement that discloses the terms of your loan with the APR, fees, finance charges, and other terms. The lenders and lending partners we work with offer 61 day to 84-month loan terms with an APR range of 4.84% to 35.99%. The exact APR depends on the method of calculation, terms of the loan, fees, and renewal options. If your loan does not fund for any reason, no fees will be collected on our behalf.
While we do offer example rates for your information, Kala Group Capital is not a lender and does not set or guarantee APRs. The featured table represents sample rates and is for information purposes only:
Additional Important Information
All lending partners agree to provide every borrower with the details of the loan agreement as well as the terms and conditions of the loan before the borrower accepts the loan. It is strongly recommended that potential borrowers fully read and understand the lender’s or lending partner's terms before signing a loan agreement.
Presentation of Interest and Finance Charges
We are not a lender and do not set fees or interest rates. Once you are approved by a lender or lending partner, you will be given the interest rate and fees before you sign the loan agreement. The lenders and lending partners we work with offer 61 day to 84-month loan terms with an APR range of 4.84% to 35.99%. At no point are you required or obligated to sign a loan contract or accept the terms offered by a lender or lending partner.
To better understand the financial implications of the interest and finance charges associated with a personal loan with a maximum APR of 35.99 percent, please consider the following representative example: If you were to borrow a $10,000 loan with a 24-month loan term, you would have a monthly payment of up to $590.42. Your total repayment amount would be up to $14,170.08.
Non-Payment and Its Implications
By signing any loan agreement, you are stating that you accept the lender’s or lending partner's terms and conditions for repayment of the loan with interest within a stated period of time. Late payments or failing to fully repay your loan may result in additional charges and fees that will increase the total cost of your loan. In the case of non-payment, each lender or lending partner has its own policies and sets its own fees. Kala Group Capital does not set these terms and does not have access to the charges you might incur for late payments, missed payments, partial payments, or non payment.
Be sure to read your loan agreement in full to better understand your lender’s policies. Questions regarding these issues or questions about your account should be addressed directly to your lender. If your lender undertakes a collections process, they are obligated to deal with you reasonably and fairly.
Effects on Your Credit Score
Your credit score represents your ability to repay loans and manage your credit. In the event of a delinquent payment, missed payment, or rollover of payments, your credit score will be negatively affected. A lower credit score makes it more difficult to obtain credit in the future, but can also affect other things, such as your ability to secure housing or a cell phone contract. A low credit score could even hurt your chances of finding employment.
Renewing a Loan
Each of our lenders and lending partners has its own loan renewal policies that are governed by government regulations. Before agreeing to a personal loan and signing a loan agreement, your lender will present its renewal options. It is your responsibility to review these options and policies carefully to make sure that you understand them before finalizing the agreement.
Kala Group Capital strongly encourages borrowers to fully repay all loans in a timely manner to avoid supplemental fees and charges. Please be sure that you understand the loan process fully and that you have explored alternative options before agreeing to a personal loan.
Safe & Secure Online Form
We are here to connect you with a lender or lending partner through our online request form that you can complete in confidence and in the security of your own home.
There is no fee to request a loan. Additionally, you are free to reject your offer for a loan by the lender or lending partner, and you may search for other rates. Kala Group Capital is not itself a lender and does not make any lending decisions. Instead, we connect you to a third party lender or lending partner in our network of lenders, who will make you an offer which should include the loan amount, the fees, the Annual Percentage Rate (APR), and the terms of repayment, among other things. Depending on your state residency, the maximum loan amount, the interest rate, the amount of times one may roll over (if any), and the fees for rolling over will differ.
Each lender and lending partner has its own policies covering important things like privacy, how it uses the personally identifiable information collected from you, terms and conditions, fees, consequences of late or non-payment of your loans, additional fees that may apply for late or non-payment of your loan, the possibility of renewing your loan, fees attached to renewing your loan, and its collection practices, among other things. We strongly encourage you to review your specific lender’s policies and to direct any questions or concerns you may have to your third party lender.
To qualify for a loan, you must: 1) Be a U.S. citizen or legal resident; 2) Be at least 18 years of age; 3) Have a valid Social Security number; and 4) Be employed or have some form of income. Additionally, some lenders or lending partners may require you to have a bank account in your name and show proof of previous financial responsibility.
Responsible Lending and Marketing
We are dedicated to working with responsible finance providers that prohibit abusive, misleading or fraudulent lending practices. We try to connect you with a lending partner that can offer you a loan. Kala Group Capital is not a loan providing service, and does not represent or endorse any lender. Rather, we strive to provide borrowers with adequate information about the loan request process and what your responsibilities are as a consumer to assist you in making informed and responsible loan decisions.
Prior to accepting any loan offer made to you by a lender, we recommend that you thoroughly review your lender’s policies. Each lender may have different loan terms and conditions. If you have any questions or concerns regarding the details of your loan, please contact your lender directly.
Fair Lending Practices
Many of the laws that protect borrowers are federal regulations known as Fair Lending Laws. Below are some important Fair Lending Laws in effect throughout the U.S. mandated by the federal government.
The Dodd-Frank Wall Street Reform and Consumer Protection Act are meant to protect consumers from lenders who engage in unfair lending practices. The Act authorizes the Consumer Financial Protection Bureau (CFPB) with the ability to enforce Fair Lending Laws. All consumers that use the services provided by Swirl Smart Capital is urged to file a complaint with this agency in the event a problem arises regarding their loan.
The Truth in Lending Act (TILA) is designed to promote informed use of consumer credit by requiring disclosures about loan terms, costs, and fees in writing before the consumer takes any responsibility for the loan. TILA also gives consumers the right to cancel certain credit transactions that involve a lien on the consumer’s dwelling, provides a manner for fair and timely resolution of credit billing disputes and regulates credit card practices. The Act does not, however, regulate the charges that may be imposed for consumer credit. The lenders in our network are required to provide consumers with clearly written and identifiable interest rates, late fees, rollover charges and any other fees that may be associated with their loan before the consumer signs the loan documents.
The Equal Credit Opportunity Act (ECOA) prohibits the lenders from discriminating against any borrower on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity to contract), because an applicant receives income from a public assistance program, or because an applicant has in good faith exercised any right under CFPA. ECOA also sets forth requirements for accepting applications and providing notices of any adverse action taken on the application within 30 days of receiving a completed application.
The Fair Credit Reporting Act (FCRA) is designed to ensure that Consumer Reporting Agencies (CRAs) furnish correct and complete information to businesses to use when they evaluate consumers’ information for credit, insurance, or employment. Under the FCRA, it is the consumers’ right to:
Know what is in their file;
Be told if information in their file has been used against them;
Dispute incomplete or inaccurate information in their file, whereas consumer reporting agencies must correct or delete such information;
Receive one free disclosure every 12 months upon request from each nationwide credit bureau and from nationwide specialty consumer reporting agencies;
Request a credit score from consumer reporting agencies for a fee;
Limit access to their file to people with a valid need for access; and
Limit unsolicited offers of credit and be given opt out rights of such communications.
Debt Collection Practices
The Fair Debt Collection Practices Act (FDCPA) is enforced by the Federal Trade Commission (FTC). The FDCPA prohibits collectors and collection attorneys from using undue harassment and other unethical practices when collecting debt. While the FDCPA does not apply to first party creditors, certain states have enacted laws similar to the FDCPA that do in fact apply to first party creditors. Some of our lenders are state-licensed and collect their own debts, and are not subject to the FDCPA. These lenders are instead subject to certain state lending and debt collection laws. Kala Group Credit is not a lender and does not fund loans, therefore we do not engage in debt collection practices. However, we consistently undertake to work only with reputable lenders that abide by fair debt collection guidelines. These include without limitation:
Not contacting consumers via phone before 8:00 am or after 9:00 pm;
Not contacting consumers via phone with the intent to harass, annoy or use abusive language to belittle or threaten;
Not attempting to collect debt through deception or misrepresentation; and
Not resorting to threaten criminal charges or any legal action when no such action is allowed.
If at any time a lender does not conduct itself properly or violates, directly or indirectly, a debt collection law or regulation, including any FDCPA statute (or, if the lender collects its own debts, a state debt collection law), we suggest that you report the lender and such violations to the FTC. Any lender within our network found to be in violation of these guidelines will be immediately removed from our network and reported to law enforcement.
Implications of Late Payments
It is important to us that you understand the consequences of making late payments on your loan. Late payments on your loans may result in additional fees or collection activities, or both. Each of our third party lenders has its own policies regarding late payments as governed by state lending regulations. We strongly encourage you to review the late payment policy provided in your loan document before signing the document so you may understand the policy and any potential fees and penalties.
While all lenders in our network follow federal regulations, individual states also have numerous laws for lending within their borders. These include strict adherence to local laws regarding interest rates, rollover limits and fees, presentment limits, maximum loan terms, cool-off periods between loans, and more. It is important for consumers to educate themselves about their loan offer before considering whether or not to accept it, including the federal and state laws, rules, and regulations that apply.
By registering on Kala Group Credit, you are also giving your express consent to receive promotional and advertising materials from Kala Group Credit, it's affiliate companies, our network of lenders, and/or third party marketing partners with whom we may share your information. They may also provide information to you about additional services and/or products. You further understand and consent that all communications, whether to assist you in obtaining the loan you requested or for promotional purposes or otherwise, may be through direct mail, e-mail (at the e-mail address you provided) and/or by telephone/mobile device (at the number(s) you provided) regardless of if your e-mail address and/or numbers may be listed on a corporate, state, or federal Do-Not-Contact registry, suppression list, or the like.
To opt out of receiving such marketing materials and/or communications, you may request to be removed by using the relevant opt-out mechanism in such communications or by contacting the third party directly. Kala Group Credit is not responsible for any promotional and advertising materials sent to you by the lender and other third parties and has no control over stopping all unwanted communications directed to you from sources beyond its control. You will need to contact your lender and/or the sender of the communication directly in order to remove your name and/or contact information from their list of recipients.
The content on this Site is not intended to be and should not be taken as legal advice in any manner and is not a substitute for qualified legal representation.