Loans like coffee break loans® 

loans like coffee break loans

Loans like Coffee Break Loans are brokered loans that come in the form of personal loans, credit cards, and business loans. Coffee Break Loans’ brokering services also include car insurance. Depending on your financial needs, you may find that one of these financial services will suit you better than others. 

But is Coffee Break Loans legit? Are there better personal loan options out there? You’ll find all these answers and more right here! 

Loans Like Coffee Break Loans: Are Coffee Break Loans Legit?

Is Coffee Break Loans legit? That depends on the type of lender you are looking for. While looking at their website at first, Coffee Break Loans appears to be a lender. However, it’s important to note that they are, in fact, a broker and not a direct lender. A broker is a financial institution that connects borrowers to lenders, acting as a middleman. As of 2023, Coffee Break Loans is one of almost 15,954 loan broker businesses that exist in the United States.1 

Brokers could be helpful to some borrowers who may be new to the lending industry and don’t know where to find the best deal. However, many brokers work directly with lenders and receive commissions when they refer customers. Because of this, it’s probably wise to be cautious with brokers as their practices may not always have your best interest in mind. 

Finding the Right Personal Loan

Finding the right personal loan may seem complicated, but with a bit of financial prep, you may find it’s quite manageable. Before you apply for a loan, consider doing the following: 

  • Checking your recent credit scores and credit report. 
  • Review your current income and credit history. 
  • Calculate the expenses you need to pay for with your loan so you know what kind of loan amount you are looking for. 
  • Think about how long you want to take to pay off your loan so you can gauge what kind of repayment terms you need. 

Loans Like Coffee Break Loans: What You Need to Know

When it comes to direct lenders, Coffee Break Loans has connections to various lending partners offering the following: 

  • Personal loans
  • Credit cards
  • Business loans
  • Insurance 

Wondering how Coffee Break Loans works? Below is a breakdown of all the products and services advertised on the Coffee Break Loans website. 

Personal Loans

The Coffee Break Loans website states that they can connect borrowers to loans with a minimum loan amount of $1,000. Maximum loan amounts cap out at $50,000. Regarding repayment terms, Coffee Break Loans advertises a minimum repayment term of 91 days and a maximum term of 72 months. The interest rates that Coffee Break Loans advertises fall within the range of 5.99%-35.99%. Typically, the higher your credit score, the lower the interest rate you may qualify for. On the other hand, borrowers with lower credit scores may have to deal with higher interest rates or find another form of funding. 

Credit Cards

Coffee Break Loans also connects borrowers to credit card services. Credit cards are a revolving line of credit that allows consumers to borrow against a predetermined credit limit each month. At the end of the month or billing period, the credit limit will renew, and the account holder will have access to the full credit limit amount once again. While it’s nice to consistently have available funds with a credit card, it’s also important to prioritize paying down your credit card balance to avoid accumulating unmanageable debt

Business Loans

Business owners and self-employed individuals can also receive offers for small business loans with the help of Coffee Break Loans. The average small business loan amount business owners may qualify for will depend on the individual lender Coffee Break Loans matches the consumer with. 

Car Insurance 

Did you know that approximately 32 million drivers (or about one in eight drivers) are driving on the road uninsured?2 Coffee Break Loans seeks to resolve this issue by providing car insurance services.   

Using a Broker vs. Direct Lender

Below are some of the pros and cons you may experience when working with lenders in the Coffee Break Loans network vs. working with a direct lender yourself.

CriteriaBrokerDirect Lender 
Access to Multiple Lenders Can shop around with multiple lenders to find the best rates and terms. N/A.
Customized Options Can offer a wider variety of loan products and terms from different lenders. Limited to the products and terms they offer. 
ExpertiseOften specialized in certain types of loans or specific client profiles. Have in-depth knowledge of their own products. 
Negotiation May be able to negotiate better terms or rates on behalf of the borrower. Borrowers deal directly with the lender, so negotiation might be limited. 
FeesMight charge a fee for their services, which can be added to the loan cost. Typically don’t charge a separate fee as they handle the loan processing. 
Limited ControlDon’t have control over lending processes as they don’t fund the loans. Have full control over the lending process from application to funding.
Potential BiasMight prioritize lenders that offer them higher commissions. Only offer their own products, so no bias towards external products. 
Speed Process might be slower if they are shopping around with multiple lenders. Might offer quicker approvals and funding as they control the process. 

Disclaimer: It’s important to note that the pros and cons can vary based on the specific broker or lender, their practices, and the borrower’s specific needs. Always do thorough research and consider consulting with a financial advisor before making a decision. 

FAQ: Coffee Break Loans

Are Coffee Break Loans private loans?

Coffee Break Loans does not provide borrowers with loans directly; they have a network of lenders they connect borrowers to who will provide funding/handle the borrowers’ accounts once approved.

What are the eligibility requirements for a Coffee Break Loan?

-A consumer must be an adult (aged 18 and over) U.S. citizen or a permanent resident.
-A consumer must provide a valid email address, work phone number, and home phone number.
-A consumer must have a job (for about 90 days in the current position) or another legal source of predictable income.
-A consumer’s income should be about $1,000 per month after tax withholdings.

How much can I borrow with a Coffee Break Loan?

Most lenders and lending partners offer personal loans from $2,500 to $35,000. You can also view Coffee Break Loans reviews to see what kind of loan deals other consumers received.

What are the repayment terms for a Coffee Break Loan?

Individual repayment terms will depend on the direct lender to whom the borrower is paired with. Many borrowers find it easiest to repay loans with equal monthly payment installments. 

What is the interest rate for a Coffee Break Loan?

Lenders in the Coffee Break Loans network offer loans with an annual percentage rate (APR) of less than 36%. Specific rates might vary between lenders.

Are there any fees associated with a Coffee Break Loan?

Since Coffee Break Loans is not a lender and does not charge fees for its services, it is up to individual lenders to provide their own fee structures. 

How do I apply for a Coffee Break Loan?

You can start the application process on the Coffee Break Loans website. 

How long does it take to receive funding once I am approved for a Coffee Break Loan?

Typically, money is deposited in the individual’s bank account the next day after the loan is approved. However, this may vary from lender to lender. 

Can I prepay my Coffee Break Loan?

While most lenders allow borrowers to make payments as early as they like, some lenders charge early payment fees, also known as prepayment penalties. It’s important to check with the individual lender as to whether they charge a prepayment penalty before you submit an application. 

What happens if I default on my Coffee Break Loan?

Defaulting on any type of loan will result in serious damage to your credit score that may last up to seven years. To avoid these negative consequences, it’s best to keep up with your monthly payments. If you are having trouble repaying your loan, contact your direct lender immediately. They may have options available for you. 

Whom do I contact if I have questions about my Coffee Break Loan?

You should contact the lender directly. Coffee Break Loans is a platform that connects borrowers with lenders, so they may not be able to answer questions you may have about your direct lender.

How do Coffee Break Loans work?

Coffee Break Loans is a digital platform that connects borrowers with lenders or lending partners to provide the required funding. That means you will give Coffee Break Loans your personal information, and they will use that to connect you with a qualified lender.

How do I repay a Coffee Break Loan?

You will need to check with the direct lender you are paired with in order to check their specific repayment policy. Some lenders offer online payments, while other small lenders or credit unions may not have online options available.

Who decides whether or not I am eligible for a Coffee Break Loan?

The individual lenders or lending partners decide based on their underwriting standards.

Who do I contact if I have questions about my Coffee Break Loan?

You should contact the lender directly. Coffee Break Loans is a platform that connects borrowers with lenders. You may also consider checking out online Coffee Break Loans reviews to see if 
another customer has answered your question.

Where can I find more information about Coffee Break Loans?

You can find more information on the Coffee Break Loans website and explore to find more information about personal loans, credit cards, business loans, and car insurance. You can also check out Coffee Break Loans reviews online to see what kind of experience other borrowers had with this institution.

CreditNinja: How Does It Compare?

Unlike Coffee Break Loans, CreditNinja is a direct lender. That means you’ll be dealing with us directly from the start of the application process until you make your last loan payment. We’ve been in operation since 2018 and specialize in bad credit loans and alternatives to predatory lending products like payday loans.  

How Do CreditNinja Loans Work?

Getting essential funds into your bank account with the help of CreditNinja has never been easier. Here’s how it works! 

  • Step One: Complete an easy online application. We’ll ask for some basic information like your name, address, bank account information, and desired loan amount.
  • Step Two: After submitting your application, you will receive an approval decision promptly. 
  • Step Three: The last step is to sign your loan agreement and get your money! CreditNinja encourages you to read over your loan contract carefully before signing and ask your loan agent if you have any questions. 

After you sign your loan contract, you can expect your approved funds in your bank account within 24 hours!*

What Benefits Come With CreditNinja Loans?

Borrowers who work with CreditNinja to get a personal loan can enjoy the following benefits: 

  • Competitive interest rate
  • Bad credit scores OK
  • Flexible repayment terms
  • Easy and quick online application 
  • Fast funding*

Who Are CreditNinja Loans For?

CreditNinja loans are for just about anybody who is going through a financial emergency. Whether you have excellent credit, bad credit, or no credit at all, all borrowers are encouraged to apply for personal installment loans with CreditNinja when they need it.

If you need funds in your bank account ASAP, consider applying with CreditNinja. Head over to our online application now to see how much money you could get today! 


  1. Loan Brokers in the US – Number of Businesses | IBISWorld
  2. How Many People Drive Without Insurance In America? | Simply Insurance

* Not all loan requests are approved. Approval and loan terms vary based on credit determination and state law. Applications approved before 10:30 a.m. CT Monday – Friday are generally funded the same business day. Applications approved after this time are generally funded the next business day. Some applications may require additional verification, in which case, the loan if approved, will be funded the business day after such additional verification is completed.

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Quick And Easy Personal Loans Up To $2500*