Financial Tools Built for Real Life

To apply on BroMoney, you need four categories of information: (1) basic personal details — full name, date of birth, and current address; (2) income and employment information; (3) bank account details for deposit; (4) a Social Security Number or ITIN (Individual Taxpayer Identification Number), accepted by some lender partners in place of an SSN. The online form takes about 5 minutes to complete. In practice, BroMoney uses a soft credit inquiry during matching, which does not affect your FICO score; a hard inquiry occurs only if you proceed with a specific lender's offer and give your consent, and may temporarily lower your FICO score by a few points. Approval is not guaranteed by BroMoney — each lender sets its own eligibility criteria.

Applying to lenders one by one means filling out redundant forms and triggering multiple hard inquiries, each of which may temporarily lower your FICO score by a few points. Unlike mortgage or auto rate-shopping, FICO does not consolidate personal loan inquiries into a single event, so every separate application carries a cost. In practice, BroMoney replaces that entire process with one form, completed in about 5 minutes, that runs only a soft inquiry, a background check that does not affect your FICO score, during matching. That single form reaches 1,200+ licensed U.S. lender partners, letting you compare real offers side by side. The service is free for borrowers — no application fees, no hidden charges. Hard inquiries occur only at the lender stage, and only with your consent, subject to that lender's review and approval criteria. The result: broader lender access, fewer FICO hits, and far less time spent than the individual approach.

BroMoney is an online loan marketplace that connects borrowers with lenders — it does not originate, fund, or approve loans; a direct lender does all three itself. One BroMoney application takes roughly 5 minutes and is matched against 1,200+ licensed U.S. lenders simultaneously. In practice, applying to multiple direct lenders individually typically triggers multiple hard inquiries that may temporarily lower your FICO score by a few points. That is a real risk for personal loan shoppers, since rate-shopping consolidation windows do not apply. BroMoney instead uses a soft inquiry, a credit check that does not affect your FICO score, during matching. The service is free for borrowers; partner lenders pay referral fees. Comparing offers through a marketplace gives borrowers broader lender access and FICO protection that direct-lender applications, taken one by one, cannot match.

BroMoney works with 1,200+ licensed U.S. lender partners across its marketplace — a platform that connects borrowers with lenders, not a direct lender itself. In practice, each partner independently complies with federal regulations including TILA (Truth in Lending Act) and CFPB rules, as well as applicable state usury caps. Approval is subject to individual lender criteria and is not guaranteed by BroMoney. A network of this scale allows borrowers to compare a broader range of loan terms and rates through a single request, increasing the likelihood of finding competitive offers.

BroMoney is an online loan marketplace connecting borrowers with lenders across six product types: (1) personal loans, unsecured and for general use; (2) emergency loans; (3) payday loans, short-term and available where permitted by state law; (4) installment loans, fixed-term financing with scheduled payments; (5) bad credit loans, for borrowers with FICO scores below 600; and (6) personal loan refinancing. The platform also provides access to credit repair resources for borrowers looking to improve their credit profile. Note that BroMoney does not operate in New York, Arkansas, Vermont, or West Virginia, and payday loan availability varies by state law. Each lender independently sets the specific terms and availability criteria for every product. BroMoney does not originate or fund loans directly.

BroMoney earns a referral fee — a payment from the lender to BroMoney for connecting them with a qualified borrower — paid entirely by the lender, not you. There are no fees, hidden charges, or subscription costs for borrowers. BroMoney's 1,200+ licensed U.S. lender partners fund these referral fees as a standard cost of customer acquisition. Per FTC disclosure requirements for lead-generation platforms, BroMoney operates transparently: lender compensation does not influence which offers appear or how they are ranked during matching. BroMoney is a marketplace, not a direct lender — lenders originate and fund all loans.