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The Friendly Face of Loans: How Continental Loans Can Help


You don’t need to have excellent credit to be approved for a modest loan from Continental Loans, according to the firm, but you can’t apply online, and Continental only lends in a few areas. A rigorous credit check is frequently necessary before you can even obtain an indication of prospective interest rates, so be careful.



  • Accessible small loan amounts
  • Without early payment fees or balloon payments
  • Many different methods to pay



  • Costs are not fully transparent until you apply.
  • Before applying, you won’t be aware of your APR.
  • Not accessible in all states, and you can’t submit an application online.


What you should know about a personal loan from Continental


Depending on where you reside, Continental Loans, a branch of Security Finance, offers loans ranging from $256 to $2,000. Only specific states are eligible for loans from Continental, and the firm targets those who have unanticipated emergency costs like vehicle repairs or medical bills.


The possibility of rising interest rates


The interest rates at Continental Loans are not disclosed. Only a few states, with rates in the upper double to triple digits, are covered in detail on the lender’s website.


Continental says that its loans are not an option for active-duty military personnel, which is another indication that rates are high. This indicates that the conditions are exempt from the Military Lending Act’s 36% interest rate ceiling on consumer loans for active-duty service members and their families, which many consumer advocates deem to be an acceptable cap for modest loans.


You’ll need to go through the application procedure, which entails a rigorous credit investigation, to see what rates you’re dealing with. Your credit ratings can be a little lower as a result.


No online loan applications; only phone or in-person submissions

You must phone or visit a nearby location to submit an application for a loan from Continental. The loan application procedure can be started online, but it must be completed in person or over the phone. If you wish to apply, this might be a major disadvantage.


Additionally, a lot of lenders let candidates submit an online application.


Multiple possibilities for repayment


You may pay back a Continental loan in a variety of methods, including in person at a nearby branch, over the phone, by mail, online or through the mobile app of Security Finance, the parent business of Continental.


You won’t be penalized if you pay off your loan early. There won’t be a balloon payment either.


Examining Continental personal loans in further detail


More information on Continental loans is provided below.


No bank account necessary – You can apply without having a bank account. That’s a little uncommon considering that the majority of personal loan providers demand that you apply using a bank account.

Fees for refinancing – Continental will charge you a fee if you wish to refinance your loan, but it won’t tell you how much until after you’ve applied.

Continental levies a late fee of up to $10, or 5% of the amount that is past due.

Only 15 states provide loans, therefore they aren’t accessible in all of them.

Earn $35 each time a friend you recommend applies for a loan that qualifies for it.

Fast funding might be possible; if your loan application is accept, you could be able to get a check the same day.


Do I need a loan from Continental?


Avoid lenders like Continental Loans that need you to do a rigorous credit investigation in order to obtain information about their variety of interest rates. Your greatest option for borrowing money with better (and more upfront) interest rates and fees may be to use your credit card. A payday alternative loan, which some federal credit unions provide to their members, may be another choice. The maximum interest rate on these loans is 28%, and the application cost is $20.


All things considered, a Continental loan could be a better choice than a title loan, which frequently has exorbitant interest rates but also puts your automobile in jeopardy. If you don’t have a bank account and need only a little cash to get by, a Continental loan can be more enticing if you can repay it very quickly to avoid expensive interest charges.


How to apply for a loan from Continental


You may contact a local branch to apply over the phone or stop by your local bank to get assistance in person to apply for a Continental loan. You can also start the procedure online, but you’ll ultimately need to contact or go to a branch to finish it, so see if there are any close by first.


When you apply, Continental will request the following details from you:


  • Your residence
  • Employment background
  • Income information
  • Monthly costs
  • Social Security number


Please be aware that the business will also run a hard credit inquiry to look into your payment and credit history.


Uncertain if a Continental loan is the best option for you? Take a look at these choices.

If your credit is terrible, you might believe that Continental is your only option. However, we advise comparing lenders who are more open about their fees and prices. You can apply for prequalification with one of the lenders listed below. Just keep in mind that when you submit your complete application, your final conditions could alter. Which could lead to a hard inquiry as well.


Personify: Personify loans offer high interest rates as well, but they could be a better choice because you can apply for prequalification without undergoing a rigorous credit investigation to get a sense of the interest rate you would obtain. But not all states allow Personify lending, so be careful to verify before applying.


OneMain Financial: OneMain Financial has some high interest rates as well. However, this lender allows you to apply for prequalification. Without a rigorous credit inquiry and lists its range of interest rates on its website.


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