LendingTree is an online loan broker that enables you to receive multiple loan offers with one simple application. Instead of doing all the paperwork, you can sit back and make the banks compete for you.
LendingTree In a Nutshell
- No collateral required
- Flexible fund use
- Co-signers OK
- Soft credit check
- Multiple loan offers
- Quick funding
- LendingTree app
- Loan monitoring
LendingTree has an affiliation with various lenders, some of which are big names. There is no any form of guarantee that you’ll find a loan offer that matches with what you’re looking for, but the wide array of options means there’s a good chance you’ll come close. There are no LendingTree application fees, but you may be liable for origination fees and closing costs from the lender you choose.
Also compare: Prosper Personal Loans
LendingTree offers unsecured loans, so you don’t have to worry about putting down your car, house, or savings as collateral. Loan amounts range from $1,000 to $35,000, and funds can be used for debt consolidation, vehicles, college tuition, home renovation projects, business expenses, and even as a down payment on a property.
With LendingTree, you can keep track of your credit score for free. The website is also a great resource for borrowers, including articles and also tips to help you to figure out which loan is the right choice for you.
If you sign-up with LendingTree, I highly recommend downloading its app, available for both iOS and Android smartphones. With it, you can quickly check your credit score, review your current loans, and even apply for a new loan. It’s a great way for you to keep track and stay up-to-date with your personal finance.
LendingTree does not stop working once you pick a loan. It continues to look for better deals for your loan needs. If a less expensive loan becomes available for your credit profile, LendingTree will send you a notification so you can check out the details. From that step, you can decide if it’s worth it to refinance your personal loan.
LendingTree Terms & Fees
Because LendingTree is not a direct lender, there are no set interest rates and fees. After applying, LendingTree will provide you with rates, fees, and additional cost averages from its lenders.
|Loan Amounts||$1,000 – $35,000|
|Loan Terms||1 to 5 years|
|Origination Fee||Depends on lender|
|APR||Depends on lender|
|Prepayment Fee||Depends on lender|
|Late Payment Fee||Depends on lender|
|NSF Payment Fee||Depends on lender|
|Check Processing Fee||Depends on lender|
LendingTree does not have any eligibility requirements. However, lenders might have a minimum income, credit score, and debt-to-income ratio requirements. Most borrowers using the LendingTree have a credit score of at least 660.
LendingTree is a choice for those who like the idea of lenders competing for you and bargaining for the best deal. It’s great if you don’t have the time, knowledge, or desire to apply to multiple lenders and do the comparison yourself. Because it’s free and requires a soft credit check, you aren’t losing anything by applying with LendingTree. However, if you don’t want the hassle of lenders vying for your business, LendingTree might not be a great choice for you.
Hours of Operation
8am – 9pm EST
8am – 8pm EST
10am – 7pm EST