Question 1

What is a personal loan?

Accepted Answer

A personal loan is money borrowed from a bank, credit union, or other organization, with a set repayment term. These loans are usually unsecured, approved based on the customer’s credit history, and don’t require collateral. The approval and funding process for personal loans is often faster than other options. Money from a personal loan can cover almost any expense, including a wedding, adoption, or debt consolidation*.

Question 2

What can a personal loan be used for?

Accepted Answer

You can use a personal loan to cover a range of expenses, from home renovations to weddings to debt consolidation*. However, there are some limits on personal loan usage. For example, they can’t be used to consolidate or pay off student loan debt.

Question 3

How much can I borrow?

Accepted Answer

Jenius Personal Loans start at $5,000 and go up to $50,000.

Question 4

What is the current rate for a Jenius Personal Loan?

Accepted Answer

Jenius Bank offers rates from  APR* that stay the same for the life of the loan.

Question 5

How long will it take to receive my funds?

Accepted Answer

Once you accept the loan terms, funds will be deposited into your bank account as early as the next business day*.

Question 6

Does Jenius Bank charge prepayment or late fees for personal loans?

Accepted Answer

Unlike many other lenders, we never charge prepayment penalties or late fees. That means you can pay off your loan early or stay on track without worrying about extra costs.

Question 7

How does repaying a personal loan work?

Accepted Answer

Personal loans are repaid in monthly installments, like a mortgage or car loan, and terms generally range from 24 to 60 months. Jenius Bank offers repayment terms ranging from 36 to 72 months*.

Question 8

How do I make a personal loan payment?

Accepted Answer

Making a personal loan payment is easy when you download the Jenius Bank mobile app or log in to your account at www.jeniusbank.com. If you prefer to make a payment by check, please send an endorsed check, made payable to Jenius Bank, with your account number written on the memo line to Jenius Bank Loans,.

Question 9

Can I pay my Jenius Personal Loan off early?

Accepted Answer

Of course! You can pay off the full balance at any time, with no prepayment fees or penalties. Repaying early can also reduce total interest paid.

Question 10

How do I apply for a Jenius Personal Loan?

Accepted Answer

We are not currently accepting personal loan applications on www.jeniusbank.com. You may apply through Intuit Credit Karma or Lending Tree, if you meet eligibility requirements, and an offer is presented.

Question 11

Does applying for a personal loan affect my credit score?

Accepted Answer

Checking to see the rate you may receive will not affect your credit score. However, once you submit a personal loan application, as part of the approval process, we will complete what is called a “hard credit pull”. Credit pulls are recorded and multiple inquiries on your credit report in a short period of time may negatively impact your credit score.

Question 12

Can I make an early payment on my Jenius Personal Loan?

Accepted Answer

Yes! However, any payment made before your monthly bill is created will not apply to your monthly payment obligation. Your payment will be applied as disclosed in your loan agreement, which is generally accrued interest, then principal.

Question 13

Can I list my spouse's income or my business income on my personal loan application?

Accepted Answer

All proof of income, including business income, must be in the applicant's name. That means you cannot use your spouse's income or combined household income when applying for a personal loan in your own name.

Jenius Personal Loan	High-Rate Credit Card
Balance$20,000	Balance$20,000
APR10.99%	APR21.39%
Monthly Payment$434.75	Monthly Payment$545.46
Interest Paid$6,084.92	Interest Paid$12,727.85

Low Rates. Quick Funds. Smarter Borrowing.

Save Thousands. That's Jenius.

Banking with Benefits

Competitive Rates

Rate Discount

No Late or Prepayment Fees

Flexible Funding

Quick Access to Funds

Mobile App

Why Get a Personal Loan?

Consolidate Debt and Save Thousands
⁴

Elevate Your Space

Enjoy Life’s Special Moments

Tackle Unexpected Expenses

Information You Can Bank On

Personal Loans: How to Improve Your Chances of Qualifying

What Is Annual Percentage Yield (APY) and Why Does It Matter?

How Does a Personal Loan Affect Your Credit Score?

Have Questions?