LendingTree Personal Loans Review: See Several Offers in One Place

lendingtree personal loans

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:

  • Name
  • Date of birth
  • Address
  • 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.

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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.

That said, LendingTree works with many lenders that offer low personal loan interest rates, including SoFi, Citizens Bank, and Upstart.

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 reviews

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

You also can reach LendingTree on Facebook or Twitter.

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LenderRates (APR)Loan Amount 
1 Includes AutoPay discount. Important Disclosures for SoFi.

SoFi Disclosures

  1. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Finance Lender Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
  2. Personal LoansFixed rates from 5.49% APR to 14.24% APR (with AutoPay). Variable rates from 4.98% APR to 11.44% APR (with AutoPay). SoFi rate ranges are current as of December 21, 2017 and are subject to change without notice. Not all rates and amounts available in all states. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 4.98% APR assumes current 1-month LIBOR rate of 1.34% plus 3.89% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

2 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Personal Loan Rate Disclosure: Fixed interest rates range from 5.99% – 16.24% (5.99% – 16.24% APR) based on applicable terms and presence of a co-applicant. Lowest rates shown are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with us at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Discount: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their Citizens Bank Personal Loan during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account two or more times within any 12-month period, the borrower will no longer be eligible for this discount.
7.39% - 29.99%$1,000 - $50,000
Check rate nowon SLH's secure site
4.98% - 14.24%1$5,000 - $100,000
Check rate nowon SLH's secure site
8.00% - 25.00%$5,000 - $35,000
Check rate nowon SLH's secure site
5.99% - 16.24%2$5,000 - $50,000Visit Citizens
5.99% - 35.89%$1,000 - $40,000Visit LendingClub
5.25% - 14.24%$2,000 - $50,000Visit 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.