GreenSky Personal Loans
GreenSky Personal Loans
in Personal Loans from GreenSky LLC

GreenSky Personal Loans

in Personal Loans from GreenSky LLC
SuperMoney Net Recommendation Score -67  


This product is strongly not recommended by SuperMoney users with a score of -67, equating to 1.7 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly not recommended

3 users recommend
0 users are unsure
15 users don't recommend
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Community Rating Strongly not recommended
APR  (Fixed APR) 6.99% - 23.99%
Loan Amount $3,500 - $55,000
Loan Term (Months) 36 - 84 months
Number of Reviews 18

GreenSky Personal Loans Review

GreenSky Personal Loans is offered by GreenSky LLC, a financial services company founded in 2006 and based in Atlanta, GA. GreenSky Personal Loans is available in 50 states (and Washington, DC).

Key Takeaways

  • APRs starting at 6.99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for GreenSky Personal Loans are on the lower end of the spectrum.
  • Fast access to funds. In some cases, you can get your money within 1 business day*.
  • Large loan amounts. You can apply for loan amounts of up to $55,000 with GreenSky Personal Loans.
  • No origination fee. GreenSky Personal Loans does not charge a loan origination fee.
  • Super long loan terms. GreenSky Personal Loans offers loan terms of up to 84 months. Most personal loans have a maximum term of 60 months.

GreenSky loan Pros & Cons

Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Considers applicants with fair credit.
  • APRs as high as 23.99%.
  • Do not offer pre-approval with soft credit pull.
  • GreenSky Personal Loans does not report to credit bureaus.
  • Charges a late fee.

GreenSky loan FAQ

What interest rates and personal loan terms does GreenSky loan offer?

GreenSky loan has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does GreenSky loan offer?

GreenSky loan offers a fixed APR personal loan product that ranges from 6.99% APR up to 23.99% APR.

How much can you borrow via GreenSky loan?

Business loan amounts start at $3,500 and go up to $55,000.

What is the maximum loan term you can get with GreenSky loan?

GreenSky loan offers loans with terms of up to 84 months.

GreenSky loan Interest Rates & Loan Terms
Personal Loan Amount $3500 - $55000
Loan Term 36 - 84 months
APR 6.99% - 23.99%

What fees does GreenSky loan charge?

Does GreenSky loan charge an origination fee?

GreenSky loan does not charge a personal loan origination fee.

A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does GreenSky loan charge a late fee?

No, GreenSky loan will not charge you a late fee if you miss one of the monthly payments.

Does GreenSky loan charge prepayment fees?

No, GreenSky loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

GreenSky loan Fees
Origination Fee No
Prepayment Fee No
Late Payment Fee No

What do you need to qualify for GreenSky Personal Loans?

Applicants with a credit score of at least 640 and up to 850 may be eligible for GreenSky Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

GreenSky Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. GreenSky Personal Loans only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via GreenSky Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by GreenSky Personal Loans. Permanent resident / green card holders are also eligible to apply.

GreenSky loan Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score 640 - 850

    What is the estimated funding time for a personal loan via GreenSky loan?

    GreenSky loan will typically provide a credit approval decision in less than an hour and fund the loan within 10 business days.

    Is GreenSky LLC a legit company?

    GreenSky LLC was founded in 2006, it is a well-established company that has been in business for 16 years. GreenSky Personal Loans are strongly not recommended by SuperMoney community users.

    SuperMoney Disclosure: 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...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Message From GreenSky loan

    GreenSky® Direct is a leader in home improvement loans, giving homeowners the financial freedom to pay for their next home improvement project.

    Message From Our Editor

    What We Love About GreenSky

    Greensky provides bank loans for home improvement projects, and it offers a fast and simple way to get the money that’s needed. The loan amounts borrowed can vary, as can the terms of the loan. It’s important to remember that this is a direct home improvement loan program and that the loans will come from third-party financial companies such as SunTrust Bank. GreenSky will generate and service the loans.

    It works simply, and after applying and getting approved, you can accept the loan and receive your GreenSky Direct Payment Card within a short period. Another nice benefit is the GreenSky Pro option. When you hire one of these GreenSky approved contractors, you can get no interest on your loan for a certain period of time.

    What GreenSky Could Do Better

    The overall application process is simple. The only area where there might be some problems is in the clients the company chooses. They tend to target only those who have good to excellent credit scores. If you have a credit score that’s less than this, it will be hard to get approval. Additionally, the application submission will result in a hard inquiry on your credit report, so this will be something to keep in mind.

    There have also been some issues with billing, collections, and services, and the company could do a better job addressing those problems. They have also been sued twice for deceptive business practices but were able to settle and change their business practices.

    GreenSky’s Backstory

    GreenSky has been around for longer than many realize. Since then, the company opened its doors in 2006 and has funded more than $15 billion in loans, serving more than two million customers.

    The Verdict

    Those who are looking for a quality loan option for home improvement projects will find that Green Sky could be a good option to consider. They accept cosigners, have competitive rates, and could be a fast and easy way to get the money needed for your home. Quick approval means you could get started on the project faster.


    About GreenSky Personal Loans


      Available in 50 states and Washington, D.C.
    • Alaska
    • Alabama
    • Arkansas
    • Arizona
    • California
    • Colorado
    • Connecticut
    • Washington, DC
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Iowa
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Massachusetts
    • Maryland
    • Maine
    • Michigan
    • Minnesota
    • Missouri
    • Mississippi
    • Montana
    • North Carolina
    • North Dakota
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • Nevada
    • New York
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Vermont
    • Washington
    • Wisconsin
    • West Virginia
    • Wyoming

    Feature Breakdown

    No Origination Fee
    No Prepayment Fee
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Credit Score Range 640 - 850
    APR Type Fixed APR
    Loan Amount $3,500 - $55,000
    APR (Fixed APR) 6.99% - 23.99%
    Loan Term 36 - 84 months

    GreenSky Personal Loans Community Reviews


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    This product is strongly not recommended by SuperMoney users with a score of -67, equating to 1.7 on a 5 point rating scale.


    Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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