Our website address is: https://loanmotive.com.
Effective Date: 11/28/2023
At LoanMotive, your privacy is a priority. We are committed to protecting your personal information and ensuring transparency in how we collect, use, and safeguard your data. This Privacy Policy explains our practices regarding your personal information when you use our website and services.
Thank you for visiting our website. This Privacy Policy explains how we collect and use your personal information on this site. The privacy practices described here apply only to this website. If you visit other websites linked from this site, please review their privacy policies. Please read this Privacy Policy carefully before using the website or submitting any personal information.
By using this site, you consent to the practices described here. We may update this policy, and any changes will apply only to information collected after the update, not to previously gathered data. We encourage you to review this Privacy Policy whenever you visit to ensure you are aware of how your personal information may be used.
We are not a lender and do not make loan or credit decisions. We provide a list of recommended lenders based on your profile. We do not ask for sensitive information such as your Social Security number or payment details.
Our service is completely free, and we do not sell your information or send unsolicited messages. We aim to provide you with lender recommendations and will never ask you for a fee or money. We only connect you with lenders so you can choose whether to work with them. Please note that while we try to assist you, we may not be able to help everyone. However, we will make every effort to help you find a legitimate lender or research any lender you’re considering.
Collection of Information
We may collect personal information, such as your name, address, email, etc., if you voluntarily provide it. This information is used to fulfill your specific request and is not shared unless you give us permission to use it in another way (e.g., for mailing list purposes).
Cookie & Tracking Technology
This website may use cookies and tracking technologies to collect information about your operating system, browser type, the number of visitors, and how visitors use the website. Cookies help personalize the website for you. We do not collect personal information via cookies; however, if you’ve previously provided such information, cookies may link to it. Aggregate data collected through cookies may be shared with third parties.
Distribution of Information
We may share information with government agencies or organizations to help prevent fraud or assist in investigations. We do so when required by law, to protect against fraud, or to investigate past fraud. We do not share your information with these entities for marketing purposes.
Commitment to Data Security
We are committed to ensuring your personal information is secure. Only authorized personnel who have agreed to maintain confidentiality have access to your information. All emails and newsletters sent from this site include an option to opt-out from further communications.
Opt-Out/Unsubscribe
If you no longer wish to receive communications from us or need to opt out of calls/SMS/emails, you can unsubscribe directly from our subscription list.
APR Disclosures & Repayment Terms
The Annual Percentage Rate (APR) represents the total cost of credit expressed as a yearly rate. Since we are not a lender, we cannot guarantee specific APRs. Our lending partners determine the APR, which typically ranges from 5.99% to 35.99%. Loan terms generally range from a minimum of 61 days to a maximum of 72 months. Before accepting any loan, carefully review the terms provided by your lender.
| Loan Amount | $1,000 | $2,000 | $5,000 | $10,000 |
|---|---|---|---|---|
| Interest Rate | 24% | 19% | 13% | 8% |
| Loan Term | 12 Months | 24 Months | 48 Months | 60 Months |
| Fee | 3% | 5% | 8% | 10% |
| Fee Cost | $30 | $100 | $400 | $1,000 |
| Repayment | $29.82 | $100.82 | $131.67 | $202.28 |
| APR | 29.82% | 24.12% | 18.23% | 9.20% |
| Total Payments | $1,134.74 | $2,419.68 | $6,320.12 | $12,136.80 |
| Total Costs | $164.72 | $519.68 | $1,720.12 | $3,136.80 |
Financial Implications (Interest & Finance Charges)
Motiveloan.com is not a lender and cannot predict the fees or interest rates that will apply to the loan you are offered. It is your lender’s responsibility to inform you of all loan costs before approval. Our service is free, and you are under no obligation to accept any loan offer.
Implications of Non-Payment
When you accept a loan, you commit to repaying the loan according to the terms set forth in the agreement. If you miss a payment, late fees may apply. loanmotive.com is not involved in the lending process and cannot provide information on fees or penalties for non-payment. For details, please contact your lender directly.
Potential Impact on Credit Score
Motiveloan.com does not conduct credit checks. When you submit a loan request, it is considered a soft inquiry and does not affect your credit score. However, some lenders may perform a hard inquiry to assess your creditworthiness, which could impact your credit score.
Collection Practices
Motiveloan.com does not handle debt collection. If your lender has specific collection practices, these will be detailed in your loan agreement. For any questions, please contact your lender directly.
Loan Renewal Policies
Loan renewals may not always be available. If you are interested in renewal options, make sure to confirm this with your lender. Carefully read the renewal policy before agreeing to the loan terms.
10. Contact Us
If you have any questions or concerns about this Privacy Policy or how we handle your personal information, please contact us:
- Email: [email protected]
- Phone:
- Mailing Address: New York United States
This Privacy Policy is designed to comply with applicable data protection laws and provide transparency to LoanMotive’s users. Let me know if you need any specific details added!