FINANCING AT KMGS

Helpful Information about Elevate & In-House Financing

KMGS only facilitates in-house payment plans under a term of one year for new clients. Elevate Financing can offer terms of 2-5 years for all of our packages.

ELEVATE FAQS

It is imperative that you book a consultation to be matched with the correct service and access our Elevate link. 

Platform Highlights

  • Easy, online application process

  • Loans of $1,000 - $50,000 available

  • Terms of 24-60 months (pay off early if you want; no prepayment penalties)

  • One platform with multiple lenders integrated for best chance of approval

  • Soft credit inquiry for pre-approval – no harm to credit score to check options

  • Instant decision – loan offers immediately displayed on-screen

  • Everyone should apply – interest rates for borrowers start as low as 6% 

  • No prepayment penalties – pay the loan off early if you like and save on interest 

  • Choose the loan offer that best fits your budget

Application Tips

Loan Amount: You may want to request just a little more than your selected package to account for any origination fees that may be charged by the lender.


Example: If the package is $2,500, apply for $3,000 (origination fees typically range 2%-6% but not all lenders charge one).


Loan Purpose: Please choose “Other” for coaching/training loan purposes – this ensures that all lenders on the platform are shopped. It is also possible to select major purchase. 


Credit Score: 580 minimum – lenders look at credit, income, existing debt, payments made on time, etc. If you are unsure of your credit score, we advise checking with one of the bureaus and choosing fair credit for the best chance of approval (640 - 679).


Soft Credit Pull: If you feel any information was input incorrectly or mistyped, please resubmit your application. There is no hard credit pull until you accept a presented offer.