Frequently Asked Questions about Computer Loans

Here are the answers to some of the most commonly asked questions about computer loans. If you have any other questions for us please feel free to contact us.

What is a computer loan?

A computer loan is a personal, unsecured loan for a relatively small amount of money to finance the purchase of your new computer. Computer loans come with fixed monthly payments and rates.

What can I buy with a computer loan?

In addition to paying for the full cost of your new computer, a computer loan can also cover related equipment, hardware, or software. Examples include printers, scanners, hard drives, monitors, CD burners, modems, routers, and more.

How do I apply for a computer loan?

A computer loan is easy to apply for with our free online application. Click "apply now" anywhere you see it on our site to complete our short application. You will have an approval decision almost instantly, and you can complete the entire loan process online.

Do I need perfect credit for a computer loan?

We have computer loans for consumers with a variety of credit histories, not just those with perfect credit. If you have an imperfect credit history, you can still qualify for a computer loan. Submit an application to know instantly if you have been approved.

Why should I use a computer loan instead of my credit card?

You could just put your new computer on your credit card, but this is like throwing away money. Credit card interest rates average around 18%, which means you will be making hefty interest payments on your computer purchase. In addition, credit card debt always carries the temptation to only pay the minimum each month, which means it could be decades and thousands of dollars more before your computer is completely paid for. With a computer loan, you lock in a reasonable, fixed interest rate and enjoy consistent monthly payments for the life of the loan. You also have the option to choose your loan's terms, which range anywhere from one year to five.

Which is better, a laptop or a desktop?

This largely depends on your need for portability. Laptops are great for business travelers and students because they are easily transported during travel or in going to and from classrooms. Laptops also take up considerably less space than desktops, making them a wise choice if space is an issue for you. On the other hand, desktops tend to be cheaper and have larger screens. Desktops sometimes also have more features and more power than laptops.