Fund the unexpected with a personal loan.
Payments starting at $25/mo†
Loans designed to recognize the investment you've made in your future.
Easy Online Application
Complete the entire process online from home, at your own pace.
Borrow up to $45,0002
If you are employed as a medical resident, you can borrow up to $45,000.
AutoPay Discount3
Automatic payment option reduces interest rate by 0.25%.
Fixed Rates
Find the right loan for you with our competitive fixed rates
| Term | Fixed APR |
|---|---|
| 5 year | 9.74%—22.50% |
| 7 year | 10.74%—24.25% |
For residents, eligibility and rates offered will depend on your credit profile, total monthly debt payments, and income projections post training. Rates, in the above table include a 0.25% discount for making automated payments from a bank account.3 For residents who request a partially deferred payment period, before entering a full repayment period, the interest rate will be based on the nearest term offered that includes the entire term of their loan - the partially deferred payment period plus the full repayment period. For example, if a resident or fellow applies for a 3 year loan, with a 3 year partially deferred payment period, they will receive a rate offer within the 7 year range above.
View Payment Examples below.
Quick tips for getting a personal loan.
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Questions? We’ve got the answers.
All are eligible to apply for a Laurel Road Personal Loan. Loan eligibility also depends on your credit history and financial profile. If eligible, Laurel Road will perform a soft credit pull to provide you with conditional rates, so you can check your eligibility with no impact to your credit score.
If you are a physician or dentist in practice or within 12 months of completing training with a signed contract to practice, the maximum loan amount is $80,000. If you are a physician or dentist still in training without a contract to practice, the maximum loan amount is based on your training year as follows: Match Letter or PG1 is $30,000, PG2 is $35,000, PG3 is $40,000, PG4+ or Fellow is $45,000.
Our personal loans are unsecured.
A Laurel Road Personal Loan can be used for almost any purpose except for education-related expenses. Some examples include consolidation of high rate debt, making home improvements, or financing major family purchases.
It’s actually pretty simple – the entire application can be completed online, and you can receive conditional rates in as little as two minutes.
- Fill out a short application with basic information including information about your employment and history. Once you authorize a soft credit pull and assuming you have provided enough information, we will provide you with conditional interest rates.
- Upload your supporting documents to Laurel Road’s secure dashboard to complete your online application. Once we have received your application, we will underwrite your loan and provide you with your final rates and loan terms.
- Select your loan type and term; you can e-sign all necessary disclosures and the promissory note in the Laurel Road dashboard.
The loan will be disbursed on the date shown in your final Truth in Lending statement.
Laurel Road will perform a soft credit pull at the start of the application process to provide you with conditional rates and loan terms; this has no impact on your credit score. If you choose to move forward with your loan application, Laurel Road will make a hard credit inquiry so that we may view your full credit report and make final rate offers.These hard credit inquiries are common and necessary to obtain a loan and may impact your credit score.
