24M Loans is not a lender. We operate a free online service that connects consumers with a network of third-party lenders and lending partners. We do not make loan or credit decisions, we do not broker loans, and we do not fund loans. Submitting your information is not a loan application and does not guarantee that you will be matched with a lender or approved for a loan.
Our role as a connection service
When you submit your information, we may share it with one or more participating lenders, lending networks, and marketing partners. Those third parties independently decide whether to make you an offer and on what terms. We have no control over, and are not responsible for, the actions, loan products, rates, or fees of any lender in our network. Any loan agreement is strictly between you and the lender.
We do not charge you any fee to use our service. We are compensated by lenders, lending networks, and other marketers in our network when they offer you a loan or an alternative loan option after reviewing your information.
APR and how rates are set
Annual Percentage Rates (APRs) generally range from 5.99% to 35.99% for qualified consumers. The lowest rates are available only to borrowers with strong credit profiles and are not offered to everyone. We do not set, control, or guarantee the APR, fees, or terms you will be offered — those are determined solely by the lender based on its own underwriting criteria, your creditworthiness, the loan amount, the term, and applicable law. Repayment terms have a minimum of 61 days.
Representative loan example
The following is an illustrative example only. It is not an offer, and your actual terms may differ.
| Loan amount | $5,000.00 |
|---|---|
| Term | 48 months |
| Representative APR | 19.99% |
| Monthly payment | $152.31 |
| Total repayable | $7,310.96 |
| Total cost of credit | $2,310.96 |
Repayment periods for installment loans typically range from 61 days to 72 months. Before accepting any loan, review the lender's full terms, including the APR, all fees, the repayment schedule, and the consequences of late or missed payments.
No guarantee of approval
Completing and submitting the form does not guarantee that you will be connected with a lender or approved for a loan. Not all applicants will qualify. Approval, loan amounts, rates, and terms are determined by participating lenders based on their underwriting criteria and applicable law.
Credit checks
Checking your options on our site does not affect your credit score. However, lenders in our network may or may not perform credit checks with the three major credit reporting bureaus — Experian, Equifax, or TransUnion — or obtain alternative credit checks or consumer reports through other providers. By submitting your request, you authorize lenders to independently verify the information you provide and assess your creditworthiness. A lender that extends an offer may later perform a hard credit inquiry, which can affect your credit score.
State availability
Our service is available in 40+ states. At this time we do not offer our service to residents of:
Arkansas, Connecticut, Indiana, Minnesota, Montana, New Hampshire, New York, South Dakota, Vermont, and West Virginia.
Availability and loan terms are subject to change and may vary by state in accordance with applicable law.
Late payments and non-payment
The consequences of late payment, partial payment, and non-payment vary by lender and are described in your loan agreement. These may include additional fees, collection activity, and negative reporting to credit bureaus, which can affect your credit score. Installment loans are designed for medium- to long-term financial needs and should not be used as a long-term financial solution. Review your lender's renewal, extension, and collection policies before signing.
Questions
If you have questions about these disclosures, contact us at info@advisoraai.com or visit our Contact page.