Are you on a financial problem? And you thinking to taking Coffee Break Loans? But before you take any risk, you must think about your future finances because then you will be able to determine the financial direction of your whole life. Because it can put you in financial trouble if you take any risks. So to take any loan one should know all its aspects. Here is our expert Coffee Break Loans Reviews 2024.
How this Coffee Break Loans Reviews can help you?
- This article explores the transparency of Coffee Break Loans that will help you to make the right decision.
- You can align this loan with your unique financial requirements.
- Evaluate the strengths and weaknesses of Coffee Break Loans, with other competitors.
So, lets explore.
What is Coffee Break Loans?
Coffee break loan is an online leading platform that gives individual short-term personal loans to borrowers with bad credit or no credit with an interest according to their term and condition.
You can take minimum $1,000 to and up to $50,000 with a Loan terms of 91-day minimum repayment and a 72-month maximum.
And when its come the APR rates the APR range start from 5.99% up to 35.99%.
Quick Overview of this Loans
- Loan amounts: $1,000 to $50,000
- Loan terms: 3 to 72 months
- APR: 5.99% to 35.99%
- Fees: $50 origination fee
Types of Loans Offered by Coffee Break Loans
Not only Personal Loans but also Business Loans is provided by this Coffee Break Loans company. And they also provide Car Insurance and Credit Cards. But their best focus on Personal Loan.
So let’s take a quick overview of two type loans provide by Coffee Break Loans:
Personal Loan
A personal loan is a type of unsecured loan thats any adult individual can apply from a financial institution, such as a bank or an online lender for a variety of purposes.
Benefits of Personal loans
- Personal loans can be funded quickly, sometimes within 24 hours.
- Flexible use of funds: Personal loans can be used for various purposes.
- Fixed interest rates and fixed monthly installments make it easier to budget for your personal loan payments.
Business Loans
This type of loans can be apply for only business parpous. Business loans are financial products that is design to provides businesses with the capital they need to start, expand, or operate their businesses.
Benefits of Business Loans
- Business loans provide the funds needed to expand your operations, open new locations or increase production capacity.
- Business loans offer flexible repayment options.
Eligibility requirements
- This person is either an adult U.S. citizen or legal resident who is at least 18 years old.
- Customer need a valid email address, work phone number, and home phone number.
- A Customer has a job (for about 90 days at this point) or another legal way to make steady money.
- A consumer’s income is about $1,000 per month after tax withholdings.
Documentation required to submit an application
- Evidence of citizenship or a valid residency permit
- Your driver’s licence
- Currently open and legitimate personal savings or checking account
- evidence of income
- a picture ID from the government
Coffee Break Loans Pros and Cons
Here are some of the pros and cons of Coffee Break Loans:
Pros
- Fast and easy application process – You can easily fill up their form via online mode and finished in with in 10 miuntes.
- No credit score required – Coffee Break Loans does not require a credit check, so you you have a poor credit fill free and apply for it.
- Quick funding: This personal loans are typically funded within 24 hours.
Cons
- High APR rates: It has a high interest rate. The APR is start from 5.99% to 35.99%.
- Hidden fees: Sometime Coffee Break Loans charge you a hidden fees.
- Other company: You can find many company like this that can be better for you. It depends on your choice.
How to apply for this Loans
As mentioned earlier, this procedure is completely online. Now you need to know how to apply it. It is presented step by step below.
- Visit the site Coffee Break Personal Loans.
- 1st they ask you how much money you need.
- Nest Provide personal information: You Name, Age, Place, Zip Code, Mobile Number and Email.
- Complete financial information: As they are borrowing money to you they need your all financial information. Read carefully and fill up the form carefully.
You have done all the process. Now they will review your application and approve it with in 24 hours.
Coffee Break Loans Alternatives
Before you applying this loans you should try to compare this company with other. Because many times it is also seen that you are decide to apply loans on this company, but other companies are better than this company.
Here are some alternative of Coffee Break Loans you should take a quick overview.
| Company Name | Amount of Loans | Interest Rate | Loan Term |
| 24/7 Lending Group | $500 to $35,000 | 5.99% – 35.99% | 60 Days to 72 Months |
| CashUSA.com | $500 to $10,000 | 5.99% – 35.99% | 3 to 72 Months |
| BadCreditLoans.com | $500 to $10,000 | 5.99% – 35.99% | 3 to 60 Months |
| Red Arrow Loans | $100 to $5,000 | Various | Various |
Conclusion and the Final word
Coffee Break Loans company can be great for you if you need a loan very soon because they approve your loan in a very short period of time. Also it is a niche provider catering to borrowers with limited credit options. But you should be aware of high interest rates and hidden fees before taking a loan.