Earnest is a merit-based lender with a unique approach to personal lending and credit. The company considers a number of factors during its rigorous underwriting process, including not only an applicant’s credit history, but also their financial history, educational background, and professional achievements. Earnest uses this proprietary underwriting model to provide financially responsible people with loans at very low interest rates. Earnest does not charge origination fees, prepayment fees, or late fees.
Earnest currently lends in sixteen states and offers one, two, or three-year loans for up to $30,000 starting at 4.25% APR. Earnest loans can be used for a variety of purposes, including relocation expenses, wedding costs, and travel.