LoansUnder36 is not a direct lender - instead, it’s an online matchmaking service that connects borrowers with multiple lenders. The site has put together a network of hundreds of lending partners specializing in personal loans ranging from $500 to $35,000.
APR range 5.99% - 35.99%
- Extensive lender network
- No minimum credit score requirement
- No application fees
- Fast application process
- One application for all lenders
- Good loan terms
- Poor customer support
- Unsecured personal loans only
If you are tired of applying for loans with each individual financial institution, LoansUnder36 may be just what the doctor ordered. You fill out a simple online form, LoansUnder36 reviews it, and, before you know it, you’ll be fielding loan proposals from possible lenders. It’s a great way to get the money you need fast – even if you’ve been turned down elsewhere.
LoansUnder36 is an online personal loan marketplace established in 2012; this website connects borrowers with a network of lenders. LoansUnder36 specializes in personal loans of $35,000 and less. That might seem like a lot of money, but compared to other platforms, this one is for borrowers who need a relatively small loan amount.
Customer reviews for LoansUnder36 say they use the loans for all sorts of payments – debt consolidation, medical expenses, necessary purchases, and so on. However, it will be a personal loan, so you shouldn’t use it to cover business expenses.
As you may have guessed from the company’s name, the annual percentage rate charged by lenders will always be less than 36%. The precise interest rate in your loan offer is calculated for each borrower separately, so the marketplace doesn’t guarantee specific interest rates, just that they will be up to 35.99%.
Even though there aren’t any official eligibility criteria related to financial history, as always, borrowers with a stable income and good credit history will probably pay less in interest. For those with lower credit scores, the APR can go up to 35.99%.
LoansUnder36 may be a great place to get a personal loan, despite potentially steep interest rates, especially for candidates with low credit scores. For one, LoansUnder36 provides quick, free loan applications without hidden fees. Thanks to the provider’s large network of lenders, each borrower can select a product with the best loan terms and interest rate in the shortest possible time.
In addition to fast personal loans and low APRs for clients with good or excellent credit scores, LoansUnder36 also offers long-term repayment plans. It is no wonder so many clients skip other options and come directly to this marketplace. LoansUnder36 provides instant service, offering a selection of personal loan opportunities immediately.
How Does LoansUnder36 Compare to Other Lenders?
5.99% - 35.99%
3.99% - 35.99%
5.99% - 35.99%
LoansUnder36 Financing Types
Before choosing among personal loans online, you should familiarize yourself with the loan options available in general. There are several common types of loans: secured loans, unsecured loans, fixed-rate loans, personal lines of credit, payday loans, etc.
Unlike providers that hook you up with lenders with diverse financial products, LoansUnder36 has only one option: unsecured personal loans. The company’s lenders all provide installment loans, and you’ll have to make either a biweekly or monthly payment for the duration of the loan term.
Unsecured loans are approved based solely on the borrower’s credit history. There is no collateral, which is one of the reasons many borrowers prefer this type of financing. However, the lack of collateral makes unsecured loans risky for lenders; to compensate, the borrower usually pays a higher interest rate.
Small Personal Loans
LoansUnder36 personal loans are small-scale loans. That makes LoansUnder36 an excellent choice for borrowers who need fast funding for personal needs. You can pay off debts, make home repairs, or buy wedding gifts just one business day after applying – you’ll get the agreed-upon loan amount via direct deposit to your active bank account that fast.
Another thing you should know about LoansUnder36 is that the company’s associated lenders offer only fixed-rate personal loan products. That’s a good thing, because your monthly payments will not change during the repayment period no matter what happens.
According to dozens of LoansUnder36 online reviews, this provider matches borrowers with lenders very quickly. Borrowers like LoansUnder36 because it doesn’t charge an origination fee for its services (although its lenders might).
To qualify for a small personal loan at LoansUnder36, you must:
- Be a US citizen
- Be 18 years old or older
- Have a bank account
- Have a Social Security number
- Have a steady source of income
These are the basic LoansUnder36 requirements each client must meet to fill out an application. If you live in specific states, you may need to meet a couple of additional eligibility criteria.
Is LoansUnder36 safe?
Yes, LoansUnder36 is entirely safe. This online loan marketplace has been in operation since 2012. It is a safe and secure platform that connects borrowers with more than 100 lenders.
Where can I borrow money fast?
If you want to skip banks and their lengthy application process, choose an online lender - but find a lender that matches your needs. LoansUnder36 is one of the industry’s best matchmakers between borrowers and lenders. It is one of the best personal loan companies, and will find you a perfect online lender within a day.
What are the best online loans for bad credit?
There are a lot of lenders that give personal loans to clients with bad credit scores. However, finding a lender without minimum credit score requirements is not always easy. To avoid the chance that your loan request will be rejected, we recommend using an online loan marketplace like LoansUnder36, as these rarely have a minimum credit score you have to fulfill.
What is the easiest loan to get?
According to countless LoansUnder36 reviews, this website offers personal loans that are really easy to get. The application process is simple, meaning you can get the funds in your checking account one business day after sending the request.