FINANCE
Fast loan approval has one hidden cost
The price of automated underwriting
Algorithms use fewer data points for speed. Lenders price this uncertainty directly into your annual percentage rate.
The 'convenience premium' quantified
This can add 3 to 5 percentage points to your APR versus a traditional, slower credit union loan.
See the lender comparison
The full report breaks down APRs, fees, and approval odds for the top digital platforms.
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