Frequently Asked Questions
Common questions about personal loans and how Trucker Loans works.
What is a personal loan?
A personal loan gives you a fixed amount of cash that you repay in equal monthly installments over a set term — typically 2 to 7 years. The rate is fixed, so your payment never changes. No collateral required.
Will checking my rate affect my credit score?
No. We use a soft credit pull to show you real rates. Your score is not affected. A hard pull only happens if you pick an offer and formally apply with a lender.
How fast can I get funded?
Most lenders in our network can fund as fast as the next business day once you accept an offer and complete verification. Funds go directly to your bank account.
What rates should I expect?
Rates depend on your credit profile, loan amount, and term. Our network offers rates from 5.99% to 35.99% APR. You'll see your actual options before you commit to anything.
What loan purposes are available?
Debt consolidation, credit card payoff, vehicle expenses, major purchases, or other personal needs. You pick the purpose upfront — it helps match you with the right lenders.
Can I qualify with 1099 or owner-operator income?
Yes. Our lending partners evaluate self-employed and 1099 income. You'll typically need the last 1–2 years of tax returns or bank statements showing consistent deposits. Irregular pay cycles are expected — lenders account for that.
What documents do I need?
To check your rate, just basic info — no documents upfront. If you choose an offer, the lender may ask for tax returns or bank statements (for self-employed), a government-issued ID, and bank account details for funding.
Is Trucker Loans a lender or a trucking-specific bank?
Neither. Trucker Loans is a personal loan marketplace that connects CDL drivers and owner-operators with a network of 50+ lending partners. We're not a lender, and the loans aren't trucking business loans — they're unsecured personal loans that happen to work well for truckers.