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Types of Personal Loans Offered by LendingTree
Lendingtree offers personal loans for a variety of reasons. There are very few prohibited uses for their personal loans.
|Common loan uses||Prohibited uses|
|Debt consolidation||College tuition|
|Pay off credit cards||Mortgage|
|Moving and relocation|
LendingTree Loan Features
The loan features offered by LendingTree partners depend on a variety of factors, such as your credit score, income, job status, and more.
|Loan terms||Variable, can range from 3 to 180 months.|
|Loan amount||$1,000 to $50,000.|
|Loan use limitations (i.e. only home improvements or only debt consolidation)||None|
LendingTree Interest Rates and Fees
There is no fee for using LendingTree’s services. Rates and fees vary among the actual lenders. Unfortunately, you can’t check many of the fees until you receive an actual loan offer.
|Interest Rates||3.99% to 35.99%|
|Late payment fees||Varies|
LendingTree Qualification Requirements
Each lender may have different qualifications for minimum credit score, membership, income, and co-signers or joint applicants. Most lenders evaluate this type of criteria to determine whether you qualify for the loan and at what rates.
Your credit score is usually the most important factor. Lenders often give applicants with lower credit scores a high interest rate to protect themselves from the risk. However, the exact credit score that a lender will accept, and for what interest rate, will vary.
Lenders also want to make sure that you have enough income to make loan payments.If you have approximately a 35% DTI ratio or less, most lenders consider you a good candidate for a personal loan.
Some of the lowest personal loan rates currently on LendingTree are included below:
|Lender||APR||Minimum Credit Score||Best For|
|LightStream||3.99% to 19.99%||Unspecified||Wide variety of repayment term durations|
|Upstart||4.37% to 35.99%||600||Borrowers with thin credit histories|
|SoFi||7.99%-22.37%||680||Unemployment protection during repayment|
|PenFed Credit Union||6.74% to 17.99%||Unspecified||Small loan amounts|
|Best Egg||5.99% to 35.99%||700||Seamless online prequalification|
|Marcus by Goldman Sachs||6.99% to 24.99%||720||Unique repayment perks|
|LendingClub||7.04% to 35.89%||Unspecified||Applying with a co-borrower|
|Prosper||7.95% to 35.99%||640||Fast loan funding|
|FreedomPlus||7.99% to 29.99%||Unspecified||Applicants with excellent credit|
|LendingPoint||7.99% to 35.99%||585||Borrowing small loan amounts|
|OneMain Financial||18.00% to 35.99%||Unspecified||Opinion of a secured personal loan|
LendingTree Application Process
To begin the application process for a personal loan, select the purpose of the loan you need from a drop down menu.
Once you select the type of loan, LendingTree will ask how much you would like to borrow. You can select between $1,000 and $50,000.
It then asks you how quickly you need the money.
And your street address.
Enter whether you own or rent your property.
Estimate your credit score.
Enter your birthday. You must be 18 years old to apply for a loan through LendingTree.
Indicate whether you are employed full-time, part-time, self-employed, unemployed, or other.
LendingTree then asks for your yearly pre-tax income.
If you are adding a co-borrower, indicate so here. Adding a co-borrower could allow you to get more loan offers, get lower interest rates, and/or save more over the life of the loan (depending on the credit and other factors of your co-borrower).
LendingTree will ask for your first and last name for the loan application.
You must then enter a valid phone number. By providing your phone number, you consent to receive calls, texts, and recorded messages from LendingTree and its network partners.
You also need to provide a valid email address.
Create a secure password for LendingTree. Your email address will be your username.
LendingTree offers a free, upgraded service that provides:
- Loan balance tracking
- Insights into what’s affecting your credit
- Free credit monitoring
- Free monthly credit score reporting
- Personalized financial recommendations
- Free dark web monitoring.
There is no additional sign-up required for these features.
Finally, to see your loan offers, you need to provide the last four digits of your social security number. LendingTree won’t share your social security number. They only use it to verify your identity. However, LendingTree will perform a soft pull of your credit. This won’t affect your credit score.
LendingTree Customer Support
LendingTree offers a variety of ways to contact customer support, including:
- Phone - 800-813-4620
- Monday to Thursday, 8 am to 9 pm EST, Friday 8 am to 8 pm EST, Saturday 10 am to 7 pm EST.
- Mail- 1415 Vantage Park Drive, Suite 700, Charlotte, NC 28203
- Live chat tool
- Online ticketing form
- YouTube, Twitter, Facebook, and Instagram
In general, people seem satisfied with the customer support from LendingTree. Here is what a few customers said about their experience.
- “Great customer service and they provided me with all the information needed to close on the loan.”
- “The loan process with LendingTree is second to none. Fast, easy, friendly service. I am very satisfied and would highly recommend using them.”
However, there were a few customers who had a mixed experience with customer service.
- “The experience was a good one until I sent a $15k wire transfer and then I was not able to contact my loan adviser again. I have emailed, text[ed] and called multiple times and cannot get Konrad to call me back.”
- “Dealing with customer service was pleasant, they said I would receive the loan in 24 to 48 hours, it's been 72 hours and I still have not received it yet. But the young lady Westina was very nice.”
LendingTree Online Reviews
Overall, reviews of LendingTree are mostly positive. People frequently comment on the quick and easy loan approval process. Many were happy with the experience and had no complaints. Several were impressed with the rates.
The negative reviews are mostly related to the amount of spam phone calls and emails that you will receive after sharing your information with LendingTree. Some other people were upset about a hard pull on their credit, only to be denied a loan after.
|The positive reviews are related to||The negative reviews are related to|
|Quick and easy loan approval process||The amount of spam phone calls and emails from lenders|
|Good customer service and responsiveness||Hard pull only to get denied for a loan|
LendingTree Perks and Bonuses
LendingTree is not an actual lender. It is an online marketplace that shows borrowers options from lenders. Therefore, any perks and bonuses would be coming from the actual lender, not from LendingTree directly.
LendingTree Compared to Other Lenders
There are a few other lender websites that you can compare to LendingTree.
|Loan terms||3 to 180 months||1 to 7 years||1 to 7 years||2 to 12 years|
|Loan amount||$1,000 to $50,000||$600 to $100,000||$100 to $50,000||$5,000 to $100,000|
|Interest rates||3.99% to 35.99% APR||3.99% to 35.99%||2.49% to 35.99%||4.99% to 19.99%|
|Minimum credit score||585||620||None||660|
|Co-signer Requirement||Allowed with some lenders||Allowed with some lenders||Allowed with some lenders||Allowed with some lenders|
LendingTree helps borrowers shop for, compare, and obtain loans.It also offers educational resources and a user-friendly app.
LendingTree offers a large selection of personal loan lenders with competitive rates. Even applicants with fair credit can find loans through LendingTree. However, those with poor credit are usually not eligible for personal loans, and you must be a U.S. citizen or permanent resident.
LendingTree does share users’ information with lenders, which could mean unwanted spam through emails, phone calls, or texts. However, if you are looking for a personal loan, LendingTree can be a great place to start.