Our lending partners
Who actually funds the loans introduced through this site, the rate range across the network, how partners are selected and removed, and what to check before you accept anything.
Who lends the money
Loans introduced through this site are made by third-party lenders and lending partners. Kovo Financial, Inc. is not a party to your loan. We do not underwrite, approve, price or fund it.
Our network includes banks, credit unions and licensed consumer lenders. When you submit an enquiry, the lenders whose criteria you appear to meet are given the opportunity to make you an offer. Each one decides independently.
The lender named on the offer is your counterparty. Their disclosures, their rate, their terms and their complaints process apply — not ours. If you are unsure who you are contracting with, ask before signing.
Rate range across the network
Rates depend on the lender, your credit profile, the amount and the term. The range below covers the network as a whole and is indicative only — your actual rate is quoted by the lender, not by us.
| Item | Range |
|---|---|
| Loan amounts | $200 – $5,000 |
| APR | Typically 6% to 36% depending on lender and credit profile |
| Terms | Commonly 3 to 60 months |
| Origination fees | Charged by some lenders, commonly 0% to 8% of the amount |
| Prepayment penalties | Not charged by most partners; confirm with the lender |
36% is the ceiling most partners work to, reflecting the rate cap many states and the Military Lending Act apply. A quoted APR near the top of the range is expensive credit — compare it against a credit union before accepting, and consider whether building history first would get you a better rate in a few months.
What the rate actually costs you
An APR range is abstract until you turn it into dollars. These are real amortised figures for the same loan at three points across our network’s range, so you can see what the difference between a good offer and a poor one is worth.
| APR | Monthly payment | Total repaid | Interest paid |
|---|---|---|---|
| 12% — strong credit | $47.07 | $1,129.76 | $129.76 |
| 24% — fair credit | $52.87 | $1,268.91 | $268.91 |
| 36% — the ceiling | $59.05 | $1,417.14 | $417.14 |
$1,000 borrowed over 24 months. The monthly payments differ by only $12 — which is exactly why comparing on the monthly figure misleads people. The total differs by $287.
Over a longer term the gap widens
| APR | Monthly payment | Total repaid | Interest paid |
|---|---|---|---|
| 12% | $66.43 | $2,391.43 | $391.43 |
| 24% | $78.47 | $2,824.77 | $824.77 |
| 36% | $91.61 | $3,297.87 | $1,297.87 |
$2,000 over 36 months. At the ceiling you repay $1,298 in interest on a $2,000 loan — roughly 65% of what you borrowed.
An origination fee is not part of the APR you compare on, but it is part of what you pay. A 5% fee on that $1,000 means $950 lands in your account while you still repay $1,268.91 — a real cost of $318.91, not $268.91. Ask what the fee is and whether it is deducted from the advance.
How partners are selected
- Licensing is checked in the states where the partner lends, before any introduction is made.
- Rate ceilings. We do not work with partners whose products exceed the 36% APR ceiling described above.
- Use of your data is certified. Every partner certifies that enquiry information will be used only to evaluate you for credit, and we verify those certifications rather than taking them on trust.
- No open marketplace. Your enquiry is not auctioned to bidders. It goes to lenders in the network and to nobody else.
- Ongoing monitoring. Partner disclosures and published terms are reviewed periodically, not only at onboarding.
A partner is removed if licensing lapses, if published terms stop matching what borrowers are actually offered, or if complaint patterns suggest a problem. Removal does not affect a loan you already hold with them.
What to check before you accept
An introduction is not a recommendation. Whatever offer comes back, check these five things.
- The APR, not the monthly payment. A low payment over a long term can cost far more in total.
- The total repayable over the full term, in dollars.
- The origination fee, and whether it is deducted from the amount you receive.
- Prepayment terms — whether paying early saves you interest.
- Who the lender is, and that they are licensed in your state.
Then compare against one lender you found yourself. If our offer is genuinely competitive it will survive the comparison, and if it does not you have saved yourself money.
Offers you should walk away from
Most partners behave properly. These are the signals that something is not, whether the offer came through us or from anywhere else — tell us if you see one on an offer we introduced.
| Signal | Why it matters |
|---|---|
| A fee is requested before the loan is funded | Legitimate lenders deduct fees from the advance or add them to the balance. Money requested up front to “release” a loan is an advance-fee scam |
| The APR is not stated in writing | The Truth in Lending Act requires it before you commit. A monthly payment alone is not a disclosure |
| Pressure to sign today | A rate that expires in an hour is a sales tactic. Real offers survive a night’s thought |
| Guaranteed approval regardless of credit | Nobody can guarantee approval before assessing you. This usually precedes a fee request |
| You are asked to pay by gift card or wire | No lender collects this way. This is a scam without exception |
| The lender is not licensed in your state | Check with your state financial regulator. Licensing is what gives you recourse |
If an offer introduced through this site does any of the above, email [email protected]. We remove partners for this, and we would rather hear about it than not.
This is not the whole market
We introduce you to lenders in our network, which is not every lender available to you. Credit unions in particular often price below marketplace rates and are frequently absent from networks like ours.
We are paid when you take a partner loan. That is disclosed in full on our advertiser disclosure page, and it is a reason to treat this page as a starting point rather than as advice.
Asking about a specific partner
Email [email protected] and we will tell you who a given offer came from and how to reach them directly.
See also credit authorization and advertiser disclosure.