Netizens can now avail personal loan within 24 hours with the help of Lending Tree Personal Loan financing. Whether the money is needed to pay off home improvements, consolidate debts, or other expenses Lending Tree Personal Loan got you covered.
People can gain amounts anywhere between $1000-$5000 by following several steps. Information in this regard is aptly covered in this article.
Table of Contents
Lending Tree Personal Loan
The Lending Tree Personal Loan helps borrowers connect with lenders offering loans and financial products. It is a well-established marketplace trusted by millions with good and satisfactory levels of ratings across various platforms.
The reason behind its levels of rating includes its user-friendly approach and wide range of options for financial products. Financial products like personal loans, mortgages, auto loans, student loans, and business loans are offered by the platform.
Company Details
- Founded in: 1997
- Headquarters: Located in Charlotte, North Carolina
- Works as: An aggregator that connects interested borrowers with suitable lenders.
Federal Student Loans; How to Apply for Federal Student Loans
Lending Tree Personal Loan: Eligibility Criteria
The eligibility requirements to apply for a loan of your choice through Lending Tree Personal Loan:
- Having a minimum credit score is one of the required conditions to be fulfilled to apply for any type of loan, different lenders can have credit score requirements. Certain lenders can offer loans at low scores while others lend at a score of as high as 629.
- Income requirement is another aspect required to be met and can vary widely depending upon the lender. It helps the lender to assess the repayability capacity of the borrower.
- Possessing a low debt-to-income ratio.
- The age of the applying candidate should be at least 18 years.
- The person has to be a U.S. citizen or a permanent resident.
- Proof of income sources like having a job, self-employment other sources have to be given.
- The person should have all the documents supporting the above eligibility claims. Such as government-issued ID, proof of income, or other financial documents.
- There may be additional eligibility rules set by the lenders that the candidates must comply with to be able to apply.
For example: “Reach” a certified lender at the Lending Tree offering loans for consolidating debts has the following basic requirements:
- The minimum credit score to apply for a personal loan is 680.
- The borrower must have a minimum annual steady income of $20,000.
- Should not belong to any of the following states:
- Colorado,
- Connecticut,
- Maine,
- Mississippi,
- New Jersey,
- Nevada, Oregon,
- Rhode Island,
- Tennessee,
- Utah,
- Vermont,
- West Virginia or
- Wyoming
What is Student Loan Consolidation? How to Apply for Student Loan Consolidation?
Lending Tree Personal Loan Application Procedure
To apply for a Lending Tree personal loan follow the steps given below:
- Visit the official page of LendingTree Personal Loans.
- Select loan type as personal loans.
- An application form will be presented in front of you, which needs to be filled out with your personal information like name address, income, employment, credit score, etc.
- Based on the information given LendersTree will match you with the lenders suitable as per your profile.
- The candidate will then be receiving offers from different lenders.
- Take a sincere look at all the lender’s requirements and types of personal loans offered.
- Select the most suitable one from the list.
- After selecting the lender as per your wish you will be directed to their site and will be asked to complete the application process required.
- Where the candidate will have to provide essential supporting documents along with personal information.
- After this, the lender will let you know their decision based on your application within a specified timeframe.
- If a loan gets approved, the borrower will receive the amount directly to their bank account.
Considerable Points to Remember
Certain things are there that the borrower should be mindful of before applying for the loan:
- The inquiry performed by LendingTree won’t affect your credit score; however, the inquiry made by the lender can be a hard inquiry that can potentially leave an effect on your credit score.
- Making sure to go through the terms and conditions thoroughly would be a wise decision to make before applying directly.
- The Candidate should be prepared to provide personal information.
- Penalties may be imposed in case you pay off the complete loan amount early, make sure to check whether it is a condition imposed by your lender.
- Learn the type of loan you are applying for such as secured or unsecured.
- Dealing with reputable lenders only would be a safe option to avoid scams and frauds.
- Also, understand the legal implications of the loan you are applying for.
Cut Your Student Loan Payments! January 2024’s Best Refinance Lenders Offering Huge Rate Cuts
Certified Lenders on LendingTree for Personal Loans
1. Upstart
| APR range | 6.40% – 35.99% |
| Loan amounts | $1,000 – $50,000 |
| Loan terms | 36 and 60 months |
| Origination fee | 0.00% – 12.00% |
| Min. credit score | 300 |
2. Prosper
| APR range | 6.99% – 35.99% |
| Loan amounts | $2,000 – $50,000 |
| Loan terms | 24 to 60 months |
| Origination fee | 1.00% – 7.99% |
| Min. credit score | 560 |
3. LightStream
| APR range | 7.49% – 25.49%* with autopay |
| Loan amounts | $5,000 – $100,000** |
| Loan terms | 24 to 144 months* |
| Origination fee | No origination fee |
| Min. credit score | Not specified |
4. PenFed Credit Union
| APR range | 7.99% – 17.99% |
| Loan amounts | $600 – $50,000 |
| Loan terms | 12 to 60 months |
| Origination fee | None |
| Min. credit score | 700 |
5. Discover Personal Loans
| APR range | 7.99% – 24.99% |
| Loan amounts | $2,500 – $40,000 |
| Loan terms | 36 to 84 months |
| Origination fee | No origination fee |
| Min. credit score | 720 |
6. LendingPoint
| APR range | 7.99% – 35.99% |
| Loan amounts | $2,000 – $36,500 |
| Loan terms | 24 to 72 months |
| Origination fee | 0.00% – 10.00% |
| Min. credit score | 660 |
LendingTree Ratings and Reviews
LendingTree has left quite a mark in the industry which is highly reflected in the ratings given by their customers. It has made a wide range of financial products available that users can look into. The majority of its customers have left a positive review praising their overall experience as being user-friendly and quick.
However, this is just a general picture, and these reviews are calculated by taking an average of all the reviews combined. Reviews can vary heavily based on personal experiences, to learn more about these reviews and ratings visit sites like CustomerAffair, Better Business Bureau, etc.