Getting the right personal loan often requires more than walking into your local bank branch and applying for one. With thousands of lenders on the market, your primary bank might not offer the best terms.
That’s where LendingTree personal loans come into play. LendingTree’s online marketplace helps you compare offers from more than 1,600 lenders. To learn more about getting a LendingTree personal loan, read this full review.
What is LendingTree?
LendingTree provides customized personal loan offers from hundreds of lenders to help you find the best deal.
Instead of requiring you to apply with multiple lenders to review offers, LendingTree allows you to review personalized loan offers without any commitment on your part.
You also can read consumer reviews for LendingTree’s partner lenders to get an idea of what to expect if you choose to borrow from LendingTree.
LendingTree offers the same services for home loans, auto loans, business loans, student loans, and credit cards. It also offers free access to your VantageScore credit score and personalized recommendations based on your credit profile.
How to apply for a loan via the LendingTree marketplace
To start LendingTree’s pre-qualification process, you have to share some information about yourself, including your:
- Date of birth
- Phone number
- Email address
- Social Security number’s last four digits
- Income and employment status
- Residence status
- Desired loan amount
- Credit score range
LendingTree then runs a soft credit check to get the basics of your credit history. This inquiry won’t hurt your credit, and LendingTree doesn’t charge for the service.
If you qualify, LendingTree will return with some offers. You’ll be able to compare APRs, repayment terms, and other details about the offers and lenders. You also can filter offers by loan term and lender.
Once you find an offer you like, you can continue to the lender’s website to apply for the loan. Note, however, that the final terms of the loan might be different from what LendingTree shows you.
After you apply, the lender will run a hard credit check to get your full credit profile and verify your income before giving you a final offer.
Which lenders does LendingTree work with?
Although LendingTree works with hundreds of lenders, there are many lenders it doesn’t partner with.
For example, you won’t find many options from credit unions. Local credit unions sometimes offer better benefits than big lenders, so you might miss out on a good deal.
To make sure you’re getting the best offer, consider using LendingTree’s marketplace as a springboard for shopping around. You also should check out your local credit unions and other personal loan marketplaces to see if there are better offers out there.
What loan terms can you expect from LendingTree?
Since LendingTree works with a variety of lenders with different personal loan programs, it’s hard to nail down specific terms.
As of August 2017, its website claims LendingTree personal loans come with interest rates as low as 5.99%. Loan amounts range from $1,000 to $35,000.
LendingTree personal loans can be used for just about anything, from home improvements to family vacations. Some lenders might have restrictions, however, so be sure to check the details before you apply.
Eligibility requirements for LendingTree personal loans
LendingTree doesn’t have any eligibility requirements. However, individual lenders on the company’s marketplace might have minimum income, credit score, or citizenship requirements.
To see if you’re eligible, fill out LendingTree’s pre-qualification form.
LendingTree has an A-plus rating with the Better Business Bureau, but as of August 2017, the majority of customer reviews on the website are negative.
Many customers stated that going through the pre-qualification process resulted in several phone calls and mailers from lenders looking for business. Others praised the company for its service and ease of use.
How to contact LendingTree
If you have questions about LendingTree and its services, you can reach its customer service team at 1-800-813-4620 or through an online submission form. Call center times are as follows:
- Monday through Thursday: 8 a.m. to 9 p.m. ET
- Friday: 8 a.m. to 8 p.m. ET
- Saturday: 10 a.m. to 7 p.m. ET
Interested in a personal loan?Here are the top personal loan lenders of 2018!
|Lender||Rates (APR)||Loan Amount|
|1 Includes AutoPay discount. Important Disclosures for SoFi.
2 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|7.39% - 29.99%||$1,000 - $50,000||Visit Upstart|
|5.29% - 14.24%1||$5,000 - $100,000||Visit SoFi|
|8.00% - 25.00%||$5,000 - $35,000||Visit Payoff|
|5.99% - 16.24%2||$5,000 - $50,000||Visit Citizens|
|5.99% - 35.89%||$1,000 - $40,000||Visit LendingClub|
|5.25% - 14.24%||$2,000 - $50,000||Visit Earnest|
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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.