Is Coffee Break Loans Legit? Benefits, Reviews, Eligibility and How to Apply

Coffee Break Loans is a loan referral service that connects borrowers with lenders who can offer personal loans of up to $5,000. The company claims that borrowers can get a decision in minutes and receive their loan proceeds as soon as the next business day.

Coffee Break Loans does not charge borrowers any fees for its service. However, it is important to note that the interest rates and terms of coffee break loans will vary depending on the lender and the borrower’s creditworthiness.


Is Coffee Break Loans Legit?

Coffee Break Loans is a legitimate company that has been in business since 2017. The company is headquartered in Boston, Massachusetts, and is licensed to operate in all 50 states In USA.

However, it is important to note that Coffee Break Loans is not a lender itself. Rather, it is a loan referral service. This means that borrowers should carefully review the terms and conditions of any loan offer they receive from a Coffee Break Loan lender before accepting it.


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Benefits of using Coffee Break Loan

There are several benefits to using coffee break loans, including:

  • Quick and easy application process: The Coffee Break Loan application process is quick and easy, and borrowers can typically get a decision within minutes.
  • No credit check required: Coffee Break Loans does not require a credit check, which can make it a good option for borrowers with bad credit.
  • Competitive interest rates: Coffee Break Loans offers competitive interest rates on its loans.
  • Flexible repayment terms: Coffee Break Loans offers flexible repayment terms, so borrowers can choose a repayment plan that works for their budget.

Eligibility for Coffee Break Loan

To be eligible for a Coffee Break Loan, borrowers must:

  • Be at least 18 years old
  • Be a US citizen or permanent resident
  • Have a valid Social Security number
  • Have a regular source of income
  • Have a bank account

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How to Apply

To apply for a Coffee Break Loan, borrowers simply need to fill out an online application with their basic information, including their income, employment status, and credit history. Coffee Break Loans will then share this information with its network of lenders, and one or more lenders may respond with an offer. If the borrower accepts an offer, they will need to complete the lender’s own loan application process.

Tips for Applying for a Coffee Break Loan

  • Be honest and accurate when filling out the loan application.
  • Have all of your required documentation ready before you start the application process.
  • Be prepared to provide information about your income, employment status, and credit history.
  • Review the terms and conditions of any loan offer carefully before accepting it.

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Alternatives to Coffee Break Loan

If you are considering applying for a Coffee Break Loan, it is important to compare your options and shop around for the best interest rates and terms. Here are a few alternatives to Coffee Break Loans:

  • Personal loans from banks and credit unions: Most banks and credit unions offer personal loans. These loans typically have lower interest rates than loans from online lenders. However, banks and credit unions may have stricter credit requirements.
  • Online lenders: There are a number of online lenders that offer personal loans to borrowers with bad credit. However, these loans typically have higher interest rates than loans from banks and credit unions.
  • Peer-to-peer lending: Peer-to-peer lending platforms allow borrowers to borrow money directly from individual investors. These loans can be a good option for borrowers with bad credit, but they can also be more expensive than traditional loans.

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Coffee Break Loans Reviews

Coffee Break Loans has generally positive reviews from borrowers. Borrowers praise the company for its quick and easy loan application process, competitive interest rates, and wide range of lenders. You can check here for full reviews Details

However, some borrowers have complained about Coffee Break Loans lenders charging high fees and having difficult repayment terms.

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