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||APR Range||Loan Amount|
|1 Includes AutoPay discount. Important Disclosures for SoFi.
2 Includes AutoPay discount. Important Disclosures for Payoff.
3 Important Disclosures for FreedomPlus.
4 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
5 Important Disclosures for LendingPoint.
6 Important Disclosures for LendingClub.
All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 6.16% to 35.89%. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. The total amount repayable will be $6,767.64. Your APR will be determined based on your credit at time of application. The origination fee ranges from 1% to 6% and the average origination fee is 5.49% as of Q1 2017. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.lendingclub.com website. All loans via LendingClub have a minimum repayment term of 36 months or longer.
7 Important Disclosures for Earnest.
8 Important Disclosures for Avant.
* The actual rate and loan amount that a customer qualifies for may vary based on credit determination and other factors. Funds are generally deposited via ACH for delivery next business day if approved by 4:30pm CT Monday-Friday. Avant branded credit products are issued by WebBank, member FDIC.
** Example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33
* Important Disclosures for Upgrade Bank.
Upgrade Bank Disclosures
** Accept your loan offer and your funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications. Availability of the funds is dependent on how quickly your bank processes this transaction. From the time of approval, funds should be available within four (4) business days.
|7.73% – 29.99%||$1,000 - $50,000||Visit Upstart|
|6.26% – 14.87%1||$5,000 - $100,000||Visit SoFi|
|6.99% – 35.97%*||$1,000 - $50,000||Visit Upgrade|
|5.99% – 24.99%2||$5,000 - $35,000||Visit Payoff|
|4.99% – 29.99%3||$10,000 - $35,000||Visit FreedomPlus|
|5.99% – 18.99%4||$5,000 - $50,000||Visit Citizens|
|15.49% – 34.49%5||$2,000 - $25,000||Visit LendingPoint|
|6.16% – 35.89%6||$1,000 - $40,000||Visit LendingClub|
|6.99% – 18.24%7||$5,000 - $75,000||Visit Earnest|
|9.95% – 35.99%8||$2,000 - $35,000||Visit Avant|