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LoanPioneer Personal Loans Review

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LoanPioneer is a lending marketplace that connects borrowers with qualified lenders from their network, at no charge. They advertise that users of the site can obtain loans of up to $5,000 as quickly as the next business day. LoanPioneer is not a lender, broker, or agent of any lender, or financial advisor, but instead aims to connect you with a lender.
 
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How is LoanPioneer rated?

Breakdown

0.0/5
Flexibility
0.0/5
Interest Rates
0.0/5
Discounts & Fees
0.0/5
Customer Service and Reputation

Overall Rating: 3.2 / 5 (Very good)

LoanPioneer is a Texas-based aggregator which connects prospective borrowers with lenders within their network. The loan originators can fund loans for the most common loan reasons such as debt consolidation, home improvement and other large purchases and offer loans up to $5,000. However, to see what you qualify for, you have to submit a request. The site offers little information about the loan originators within its network, but covers all 50 states. The company is a fully-online platform that connects you with a loan originator and has no physical location.

LoanPioneer Loan Specifics

Loan Specifics - 4 / 5

LoanPioneer is not a direct lender, but rather a marketplace that connects borrowers with loan originators within its network. Therefore, loan specifics such as term length, availability of direct depositor insurance will depend on the individual lenders. Though LoanPioneer asserts that loans can be approved and disbursed in as little as one business day, this will also depend on the lender.

Loan Uses

Debt/Credit Card Consolidation
Buy Home
Major Purchase
Home Improvement
Medical Expenses
Wedding
Moving/Relocation
Vacation
Start Business
Education
Taxes
Loan Maximum
5000
Decision Time
As little as one business day.

LoanPioneer Qualification

Qualifications & Flexibility - 4 / 5

Since LoanPioneer doesn't itself originate loans, actual loan originators may have additional qualification requirements. LoanPioneer only asks that applicants be 18 years or older, be a U.S. citizen or permanent resident with a valid social security number, employed, self-employed, or receiving other monthly income. They also warn users that most lenders will require a valid checking account to deposit funds.
Personal Income Considered
Yes
Verify Bank Account
Yes

LoanPioneer Cost of Loan

Costs, Interest Rates, Discounts & Fees - 4 / 5

Lenders within LoanPioneer's network can offer APRs which range from 5.99% to 35.99%. Fees for originations, applications, or administrative transactions will depend on the individual loan originator a borrower is connected with.
APR Range
5.99 to 35.99

LoanPioneer Reputation

Customer Service and Reputation - 4 / 5

LoanPioneer does not have entries in consumer review websites such as the Better Business Bureau or TrustPilot. As LoanPioneer does not disclose the lenders within its network, it is not possible to verify their ratings or customer reviews either. Finally, LoanPioneer does not have a physical location, but can be reached on their mailing address in Houston, Texas or through email support.
Headquarters Address
1321 Upland Dr. Ste 6458, Houston, TX, 77043
Homepage URL
https://loanpioneer.com/

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Customer Comments & Reviews

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L P
3/18/2019
You cannot trust these people. They have no physical address, no way to check if they are real. These people are scammers. This is the same company that stole from me. STAY AWAY

Loan P  
Official Response

Customer Service Representative of LoanPioneer Personal Loans
Hi there, Loan Pioneer does not charge customers any fees for our services. I highly recommend that you contact customer service at info@loanpioneer.com to look into this further. We're here to help!
Loretta W
12/12/2018
I am applying for a loan. The 2018 (section for next pay) will not change to 2019.

Loan P  
Official Response

Customer Service Representative of LoanPioneer Personal Loans
Hi Loretta! Thanks so much for your comment. We already discovered this issue and our engineers are releasing an update tonight that should fix it. We hope that you can come back tomorrow and we will help you with your loan needs. Thanks for using LoanPioneer!
B
Billy N
8/14/2018
Do not try to get a loan through this company they are a fraud they have takin me for 3000 dallars

Loan P  
Official Response

Customer Service Representative of LoanPioneer Personal Loans
Hi Billy, Loan Pioneer does not ask customers to pay for their loans upfront and also do not call customers. It seems were contacted by someone that is not with our company. We highly recommend that you contact customer service at info@loanpioneer.com to look into this issue. We're happy to help!
S
Sharon F
8/3/2018
Is this company for real?? Or are they scammers...they want me to buy a company assurance card before they will fund my loan. Has anyone every dealt with them actually funding a loan?

Loan P  
Official Response

Customer Service Representative of LoanPioneer Personal Loans
Hi Sharon, Loan Pioneer aims to connect consumers with lenders that can help them get a loan, we are not a lender and do not make credit decisions. We also do not ask customers to pay for their loans upfront or call customers. We highly recommend that you contact customer service at info@loanpioneer.com to look into this issue. Hope to hear from you soon!
Buffy L
6/19/2018
got approved for 10,000 and they wanted me to put 348 on a google play card .....

Loan P  
Official Response

Customer Service Representative of LoanPioneer Personal Loans
Hi Buffy, Loan Pioneer does not ask customers to pay for their loans upfront and also do not call customers. We highly recommend that you contact customer service at info@loanpioneer.com to look into this issue. We're here to help!
Our Partner

Loan Pioneer

  • Loan Amount: $300 - $5,000
  • APR: 5.99% - 35.99%
  • Loan Term: 3 - 60 months
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