Features

LendUp is an online payday lender based in San Francisco, California. It markets itself as a socially responsible lender and an alternative to payday loans but its prime rates and terms are only available to repeat customers in specific states and its standard rates and terms are the same as regular payday lenders.

How Does LendUp Work?

LendUp has an online-only application that can process your application in minutes. 

If you are approved, you can get money in your account by the next business day. Note that loans must be submitted by 5 p.m. PT Monday-Friday (excluding holidays) to receive funds the next business day. Exact funding time may vary based on your bank’s requirements. Customers who demonstrate financial responsibility by paying loans on time and taking financial education courses receive points that can qualify them for preferential rates and terms. For instance, prime-tier customers can qualify for loans of up to $1,000 (where available) with an interest rate of 29% APR.

What Are LendUp's Interest Rates?

Interest rates on your first loan (in California) vary from 210.48 % up to 767.54% depending on how much you borrow and whether it is a 7-day or 30-day term. Repeat customers who have made regular on-time payments on their past loans can qualify for lower rates as they progress through a tier system. Rates depend on the amount, the length of the loan and the state of residence.

How Much Money Can I Borrow?

The maximum loan for first-time borrowers is $250. Repeat customers can gradually qualify for larger loans, up to a maximum of $1,000 (where available).

What Is the LendUp Application Process Like?

The application process can be as fast as 5 minutes. There is optional instant deposit. Note there is a transaction fee is required for instant deposit and not all debit cards are supported. If supported, your bank sends you the money within 15 minutes, but it can take up to two hours. Your information is confirmed electronically.

How Is LendUp Better Than Other Lenders?

LendUp provides borrowers who regularly borrow from payday lenders the opportunity (where available) of gradually improving their rates and terms. This type of loan can be reported to credit bureaus. As you climb "the Lendup Ladder" by paying off your loan and taking out new ones, you earn access to more money at better rates for longer periods of time. At Platinum and Prime levels (where available), you have the opportunity to report payments to credit bureaus, which could increase your credit score.

However, this won't help an occasional or first-time borrower who is stuck with payday-like high-interest rates and small loan amounts. Another real advantage for LendUp customers is that it doesn't have loan rollovers, which protects customers from falling into a cycle of debt.

  • Advance Fee APR
    210.48% - 767.54%
  • Desired Loan Amount
    $100 - $250
  • No Credit Check
  • No Other Outstanding Loans
  • Direct Deposit
  • Instant Decision
  • Online Application
SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Reviews

Write a Review

Sort by:

  • Rating
  • Date
  • Most Useful

0 votes

They actually approved my loan first timers 250 pay your loans on time like 2 times you will be able to get a 500 dollar loan you can trust this company customer service is on point also


0 votes

Lend up is a great way to get money without a hassle!! They also help me with my credit, I'm so happy this company exists.


0 votes

I love it low fee customer service are very friendly and the send you email to let you know when you loan due


0 votes

I recently climbed the ladder to the max possible. I received an email saying that if I paid my loan off early I would be able to get an extra 50.00 added to my next loan. So of course I paid off the loan early. The next email I received from them said, Thank you for your payment! You qualify to take another payment out with one click and no verifying. So of course I went to take it out due to some unforeseeable circumstances. Next ... thing you know they want to verify my income, I am self employed which they have known for a year already and i send my 1040 tax information in to them for the loan. They deny me! I called customer service which the lady tells me the laws of my state changed last month and they can only accept a 1099 or W2. I ask what state code was enacted for this new law? Of course I informed her I used to be a paralegal and can reference the law. She said she would email it to me. I waited a couple hours because she said I would have in my email right after we hung up. So I call back just to get an automated recording saying they were not accepting calls during the hours I called. My son thinking it was odd called off his phone and was able to get through for a call back. They love to stop your loan whenever they want or if they have to pay you back with a refund for paying your loan off early. BEWARE More Less


0 votes

I like Lendup. Once I did my application online, when I need money I just request it and verify my information is the sane. Its easy Once I had to change my repay date, because of the state I live in and the amount of the loan they extended my time and broke it up in a payment plan. This helped me alot I also like all the credit education they give


0 votes

Wonderful experience! Money came fast & no problems! Few months later inwas getting refunds back from then! Reunds for loaning through through how awesome!

0 votes

Great payday alternative. Everything is super simple: registration, getting and repaying loan, contacting customer support. If you want your activity to be reported to the credit agencies, then read their FAQ first. Right now this option is available only for these states: CA, KS, LA, MN, MO, NM, OK, OR, TN, TX and WY.

0 votes

It's a great help if needed I have gotten 2 loans from them no problems better then payday but still little high


0 votes

I disagree with all of the negative reviews. LendUp has been nothing but a joy to borrow money from. Yes, it takes a few loans to get the ladder going. Yes, their interest rates are stupid high. Everyone wants to rebuild or build up their credit. If you have the capacity to be financial responsible with your loans - then Lendup will loan you the money and it will build your credit. But most people use payday loans is because they have bad credit. ... How do you get bad credit? From being a bad borrower. If you expect LendUp to change your horrible financial habits, they can't do that. Only you can are responsible for your financial habits. I have gotten about 40 loans. In aggregate, I have borrowed $11,000 dollars, paying a total interest of $913.84. I no longer have to rely on Lendup because from using them, I have learned how to be a good borrower and my credit has improved that if I were to need a loan, I would easily qualify for a loan from a bank. And most importantly, there are no hidden fees and they try as best as they can to not get you stuck in a cycle of never ending loans. Pro tip - if you are going to pay late or pay short and on time - call them. This goes with any loan or debt. Just give them a call, they hear it all the time and they will help you meet your obligations or offer solutions because that will improve their chances of getting their money back. The worst thing you can do is not communicate. More Less


0 votes

i have been dealing with LEND UP for almost 2 years started with a 500 limit always paid my loans back at least a week early i am now at the prime level where i can get reasonable rate on loans pay these people and they will help you i now have a 1300 limit plus L card


0 votes

All lies everything from building your credit to interest will drop after climbing there ladder.What a joke lend up will give you 200$ loans at 30$+ interest and it will take you 10 loans or more to get this reported anywhere on your credit report if they report it.Try getting to talk to someone impossible.Email only! Also for Illinois customers they will check to see if you have outstanding loans and stop you from taking anymore loans with them.Even if they have givin you a few loans they will stop ... you anytime they want but they wont go back and gove you the interest they took from you.So there is no getting anything as they say climbing the ladder thats just a way for them to get hundreds of dollars from up.They aren't dependable at all they will stop your loans instantly and you wont be able to contact them.They are liars and credit karma is worse for representing them on there web site!They are taking advantage of low income people trying to rebuild your credit.Best advice stay away from this company all there words and promises are lies and gimmicks!! More Less


1 votes

Totally scam there is no ladder to rebuild your credit thats a scam they are trying to get you to take out 10 loans at 30$+? Also they will deny you at any time and with no explanation at all .They also have worse customer service ever they only conversate thru email.Also illinois customers they will let you get a couple loans then will tell you that you have outstanding loans in illinois and are qualified after they give you few loans and take your money.Totally not dependable!!Beware


1 votes

Lend up is not a predictable loan.What i mean is every time you need them they make new rules or different requests.They make it hard to get a loan.If you pay your loan off early they give you shorter period to pay back your next lian?Also don't try to reach them ,it's not gonna happen!They never return calls and there texts are never an answer to your question.So if your looking for a loan don't depend on lend up you will be disappointed.......


1 votes

210.47% to over 700% !!! You would need to be terribly desperate, this is not illegal ? It should be... And they are supposed to be the "good guy's" UNBELIEVABLE !


1 votes

I applied for a loan; however, I put a PO box down, which they do not accept. So it was denied because my "address could not be verified." So, I called to see how I could change my contact information. They said, "we are unable to change contact information." What?

1 votes

I've had a great experience so far! This is not loan company designed for consumers with a good FICO score. There are negative reviews about high rates and fees. We have poor credit therefore we pay the price for the credit mistakes we've made. What sets LendUp apart from the rest of the scam payday loans is the opportunity to work toward a better score. I've made Gold status on the LenUp ladder and I pay a small fee w/ lower interest. My fees/rates have been cut in half from ... what's charged at Silver level. Amazing what they are doing for people like myself. I will stay loyal to LendUp. Easy process, educational tools, and excellent customer service. More Less


1 votes

Credit Score dropped 25 points. What a load of S***. I've invested a lot of money in order to climb the ladder. Only to be bamboozled. LendUp was suppose to be a utility for credit building. Instead it caused more harm then good


1 votes

Li reke a lot of people who have tried payday loans and they trapped you well (NOT) this company they help you and NO MIDDLE man low interest that is what I like it's fast and easy I would not be wasting my time Writing a review if this company we're not true to what they offer


1 votes

I was denied from a lot of other loan places and I just so happen to stumble across lend up online and got approved money came the same day quick no hassle of anything I paid it off and took out another one and it has been a delightful experience from them.hopefully I can take out another one to help build my credit


1 votes

I needed a quick loan and was approved for $250 instantly. great service, love the idea of a ladder to lower apr rates. I wasn't able to pay back on time so I called customer support and they actually helped me setup a payment plan and didn't even charge me extra for it.


1 votes

I recommend Lendup to anyone whose needs quick cash!! Money was deposited the next day! I would definitely use them again!! It's quick and easy! It took about 3 minute for the process!!


1 votes

I could not believe how easy it was to secure a small pay-day loan right away. I even stopped in the process to check more reviews because I was afraid it was too good to be true. I just received the loan deposit, at the time they said I would. So far, so good. As long as the repayment process is as smooth, I will definitely continue using LendUp for all my instant cash needs.

I also really appreciate the point system they use for positive credit reporting and how ... they offer financial education courses as a way of earning more points. More Less


0 votes

The process was straight forward and simple. The interest rate was less than half of my credit cards which will have my cards paid off in three years with a payment that was less than my normal payment amount each month.


0 votes

I had never heard of Lendup until a friend recommended them to me. I am so grateful for that advice because Lendup really helped me when I was a little short in between pay checks.


1 votes

Novel concept. Easy application. Funding came quickly. Final approval longer than expected. Additional information required. End result more than satisfactory. Lendup is the best loan company I have used


0 votes

They denied me the first time I applied, but didn't really tell me why. I tried again a month and a half later and got approved. The terms were good and the service was convenient.


0 votes

Would strongly recommend for SHORT-TERM use. Don't get yourself stuck in a pickle, even though the model is far better than what you may be used to


1 votes

GREAT EXPERIENCE ALL THE WAY AROUND! I am so glad I decided to apply for a loan with LendUp. I was getting so frustrated from the run-around I was getting from all the other loan companies I had applied with, but LendUp is everything they say they are quick and easy!


0 votes

I am totally confused! I applied for a loan and thought I was approved, but there is still no money in my account. I know it was later in the week last week when I applied and I really wasnt expecting the money to hit my account over the weekend, but its Wednesday now and still no money. I dont understand.


0 votes

These guys are really great. The application process was easy, I got approved right away, and I even have a bankruptcy on my credit report. They even report to the credit bureaus so that I can start rebuilding my credit after the last few rough years. The rates are reasonable if you have bad credit like I do.

1 votes

Lendup is one of the few good guys in the payday loan space. They genuinely seem dedicated to providing a path towards financial independence for those who are in the payday loan trap. The interest rates on Lendup loans are typical of payday loans - really high. But Lendup does graduate its borrowers into better APRs after they prove they are responsible borrowers. This is not typical of the payday lending industry. Most payday lenders keep borrowers on a long term cycle of payday loan rollovers at APRs that average ... around 350%. More Less


1 votes

I really like this company so far, but I cant seem to get any information about their claim to help me rebuild my credit by reporting to the credit bureaus. Do they report to all three of them? How long does it take to show up on my credit report? Pretty simple stuff but cant get any answers


0 votes

They offere credit education quized that add points to your account . the more points you earn the higer the loan amount you can then apply for in the future.


1 votes

These guys are really hard to get ahold of, so if you apply for a loan from them, you had better hope you dont need to contact customer service for any reason. They look like a great option from the outside, but if you cant get ahold of the people you are working with, whats the point in that??


1 votes

I have very poor credit and I am currently trying to dig my way out of past mistakes. The application was easy, approval was Immediate (I really thought I would be denied) and the money was promptly deposited into my account. If you are looking for a short term small loan to help you keep from going into collections,


0 votes

LendUp is my go to place for quick cah needs! I wouldn't go anywhere else! The customer service is always excellent and the whole process is so straight forward and easy to understand. They are very flexible and have the most competative rates I have ever heard of. If you are in doubt of where to go, Go to LendUp because they will hook you up!


0 votes

Would strongly recommend for SHORT-TERM use. Don't get yourself stuck in a pickle, even though the model is far better than what you may be used to


1 votes

Having a credit score under 580 doesn't leave me with very many loan options. LendUp was very easy to use with next day funding. And they're customer service is awesome. I highly recommend LEND UP


0 votes

After hard work of getting and paying a bunch of loans with LendUp, I finally made it to the platinum level, which means that my payments on my current and future loans will be reported to the credit bureaus. I am anxiously awaiting for my payments to show up with the bureaus.

Load More Reviews

New Review for LendUp

In category:  

Rate your experience:

Cancel