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Lending Tree Personal Loans Review

Rating: 9.1 / 10 (Excellent)
15 Customer Reviews - see all comments
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Founded in 1997 and based in North Carolina, LendingTree is an online loan aggregator that connects borrowers with lenders in their vast affiliate network. </br> </br> The company offers a comprehensive range of financial products, including mortgages, as well as personal, student, auto, and small business loans. As a duly licensed mortgage broker, the company is equipped to handle most borrowing needs and various types of credit profiles.
 
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How Do We Rate LendingTree?

Breakdown

5.0/5
Flexibility
4.5/5
Interest Rates
4.5/5
Discounts & Fees
4.5/5
Customer Service and Reputation

Our Overall Rating: 4.6 / 5 (Excellent)

LendingTree scores highly with us because of flexibility and unsurpassed customer satisfaction. The company can provide personal loans for basically anything, connecting prospective borrowers to its huge list of trusted and vetted affiliates, effectively providing every type of rate, term, and loan features option under the sun. As online marketplaces go, there's really no one else that has operated so effectively for so long. Customer opinion is universally positive and usually concentrated on privacy, ease of use, and speed of the loan approval process.

LendingTree Loan Specifics

Loan Specifics - 5 / 5

LendingTree offers personal loans in the amounts of $5,000 - $50,000. The company allows customers to apply for a loan for basically anything. Some of the main uses include debt and credit card consolidation, home purchase, financing education, medical expenses, and starting a business. LendingTree offers maximum flexibility of use, even going so far as to have an "other" option. All other loan features like term and disbursement time will completely depend on the lender you choose from LendingTree's affiliates.

Loan Uses

Debt/Credit Card Consolidation
Buy Home
Major Purchase
Home Improvement
Medical Expenses
Wedding
Moving/Relocation
Vacation
Start Business
Education
Taxes
Loan Minimum
$5,000.00
Loan Maximum
$50,000
Term Length
3 mo - 15 yrs
Direct Deposit
Yes
Pay Creditors Directly
Yes
Decision Time
Depends on lender
Disbursement Time
Depends on lender
Credit Insurance
Yes
Unemployment Protection
Yes

Representative Loan Sample

An example of total amount paid on a personal loan of $10,000 for a term of 36 months at a rate of 10% would be equivalent to $11,616.12 over the 36 month life of the loan.

LendingTree Qualification

Qualifications & Flexibility - 4.5 / 5

Although the specifics of qualifying for a loan through a LendingTree affiliate will differ from lender to lender, it is safe to say you will generally need a FICO score of 629 or above, have a verifiable bank account, and be a US citizen. Additionally, for personal loans, the debt to income sweet spot is around 36%. LendingTree is an excellent resource for those who are unsure of their qualifications. As the company can use your personal information to filter only those offers you are most likely to qualify for, it provides maximum flexibility for potential borrowers of all types of financial backgrounds.
Minimum FICO Score
629
Personal Income Considered
Yes
Education Requirements
Depends on lender
Debt to Income Ratio
36%
Verify Bank Account
Yes
U.S. Citizen
Yes
Hard Credit Pull
No

LendingTree Cost of Loan

Costs, Interest Rates, Discounts & Fees - 4.5 / 5

Generally speaking, a survey of LendingTree's personal loan offers yields an average APR range of around 3.99%-20.65%. Obviously only those with good to excellent credit will qualify for the low end of this spectrum. All other fees will vary depending on the lender. While origination fees typically hover around 1%-5%, be sure to explore all options because there are plenty of providers these days that waive origination fees, and who also features no additional fees period. As mentioned before, this is where the strength of LendingTree's vast network really comes to the forefront. Customers can sort through myriad options to find the cheapest one.
APR Range
3.99% - 20.65%
Origination Fee
Depends on lender
Missed Payment Penalty
Depends on lender

LendingTree Reputation

Customer Service and Reputation - 4.5 / 5

LendingTree has by and large a positive reputation with its customers online. The company has an A- with the BBB and more positive reviews than negative, which is unusual for a company so dominant in its business sector. What's more, the company's Trustpilot score is impressive with 95% positive reviews. Customers overwhelmingly cite speed and ease of use in their personal loan experience.
Type of Institution
Marketplace
Year Founded
1997
BBB Rating
A-
Number of BBB Positive Reviews
92
Number of BBB Negative Reviews
66
Trust Pilot Rating
9.3 out of 5
Date Collected
2018-03-06
Headquarters Address
11115 Rushmore Dr, Charlotte, NC, 28277
Homepage URL
https://www.lendingtree.com
Top Rated
Our Partner
(855) 522-0074
VIEW RATES

  • Personal Loans up to $50,000
  • Rates from 2.49% - 35.99% APR
  • Funds as fast as 24 hours
  • Loan terms of 3 mo - 15 years
  • Easy to compare then apply
  • Credit Score: Excellent/Good/Fair/Poor 

Sample loan: a four-year $20,000 loan with an interest rate of 2.49% and an APR of 2.49% will require an estimated monthly payment of $561.60 and a total cost of $26,956.57.

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Latest LendingTree Reviews

M
Marcus

4/13/2018
they are ok, the application takes longer than you'd like and then when they did talk to me, my credit wasnt good enough to proceed. but overall a good experience and Ill be back. the rates offered were very good.

Jessica R

10/17/2017
Did nothing for me

Odalys G

6/12/2017
Excellent company

B
BEASLEYLPL2

5/25/2017
The lendingtree company has been a great to me and i hope that will continue to help me in the future!

Katie S

3/16/2017
This company is full of crap! They showed both my fiancé and I approval by three separate companies for each of use at 28% apr(which is bad enough) but when all 6 were actually applied for they wouldn't approve any! Total waste of time!!!

C
Cathy

3/9/2017
It was very convenient when you're in a tight spot to have someone help you out. It's nice to be able to borrow from somewhere.

J
John l

1/22/2017
We will. See how it works out

Susan W

1/11/2017
I was approved for a personal loan with you and I can't get to where I can sign the loan approval papers that is all that you need me to do was sign.

J
Joshua

1/5/2017
Very simple to use and helpful

J
joselopez

1/3/2017
Very soft in explaining all questions related to loan procedures

T
Tyesha

12/28/2016
Lending tree always advertising about good they are and saying good credit bad credit no problem but evertime I did an application I was always always denied. Not to mention my credit isn't the highest but it is not low either. Lending Tree sucks!!!!

B
BRUCE

11/29/2016
Every time I apply for a loan they want tons of documents and very high APR and the fees are 25% of the loan amount... Go else where...

Mary L

10/13/2016
They pulled my credit three times and approved me online to find out the source bank call one main financial had an entirely different level an that was higher and needed secured by an asset! Bait and switch and pulled credit 3x!


3/27/2016
The offer rates are higher than the credit card rates!

J
Jaime S

8/15/2015
Don't bother with this one unless you have excellent credit, and make a LOT of money!

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