Magilla Loans is an online lending exchange for business and home loans that connects borrowers to banks without requesting any personal information, except an email address. The service is free, easy, and anonymous. Magilla never requests private information: no social security number, credit check, or bank statements are ever required. After answering a handful of questions, a borrower can receive multiple loan proposals from FDIC-insured banks within a few hours. The loan proposals are presented on our patented MagChart™ — which enables a borrower to easily compare them.
How Magilla works:
1. Answer a handful of basic questions and hit submit 2. Your loan request goes to multiple FDIC-insured lenders 3. The lenders send back proposals 4. You review your loan proposals on our easy-to-read MagChart™
Benefits of using the Magilla App:
- Borrowers: The Magilla App will enable you to easily submit loans, communicate with lenders, and conveniently access your loan checklist at any time. What used to take three months now takes three hours.
- Lenders: Qualified borrowers are delivered to your handheld device as soon as they enter the system. You can engage borrowers in real time using MagChat™ in order to obtain greater specificity about their request.
Magilla’s key features include:
- Fast: Loan proposals are typically delivered within a few hours Anonymous: No name, social security number, or phone number required - Free: Borrowers never pay any fees - Safe: No social security number, credit check, or bank statements are ever required - Simple: After answering only a handful of questions, borrowers receive multiple loan proposals within hours - Authentic: Receive real loan proposals from real FDIC-insured lenders, not automated lenders - Time-savings: The quick loan submission process saves time. What used to take three months now takes three hours
- A red dot on the menu icon and the menu items appears when there is new activity.