Last Updated: 04/28/2025
SuperMoney User Recommendation Score -73
Strongly not recommended22 total votes
Explore a similar product
Try this top product in Personal Loans
Avant Loans
Strongly recommended703 reviews
Community Recommended Products
View AllSponsored
Strongly recommended703 Reviews
Learn MoreSponsored
Strongly recommended326 Reviews
Learn MoreSponsored
Strongly recommended314 Reviews
Learn MoreGet Competing Personal Loan Offers
Compare personal loan offers from multiple vetted lenders.
Discover your lowest eligible rate in minutes.
See how much you qualify for and what your monthly payment will be.
Get Personalized Rates
It's quick, easy, and won't hurt your credit score.
Highlights
Community Rating
Strongly not recommended
APR (Fixed APR)
6.99% - 23.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Amount Range
$3,500 - $55,000
Loan Term (Months)
36 - 84
Number of Reviews
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 loan are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 6.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for GreenSky Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, GreenSky LLC will send the money in as little as 24 hours.
- 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 |
|
|
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?
Personal 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.
| 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, consider lenders that don’t charge origination fees.
Does GreenSky loan charge a late fee?
GreenSky loan does not disclose whether it charges late payment fees.
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.
| 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.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by GreenSky Personal Loans.
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
|
| Credit Score | 640 - 850 |
What is the estimated funding time for a personal loan via GreenSky loan?
GreenSky loan will typically fund loans within 1 to 10 business days of approval and clearing necessary verifications.
Does GreenSky LLC perform a hard credit pull?
Yes, GreenSky loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are GreenSky Personal Loans legit?
GreenSky LLC was founded in 2006, it is a well-established company that has been in business for 20 years. GreenSky Personal Loans is strongly not recommended by SuperMoney community users.
SuperMoney Disclosure: 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...
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
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.
Other Services by GreenSky LLC
Community Recommended Products
View AllSponsored
Strongly recommended703 Reviews
Learn MoreSponsored
Strongly recommended326 Reviews
Learn MoreSponsored
Strongly recommended314 Reviews
Learn MoreSuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -73, or 1.5 on a 5-point rating scale.
-73
-1000+100
No one recommends
Everyone recommends
GreenSky Personal Loans Community Reviews
Would you recommend GreenSky Personal Loans to your friends?
MV
Marthinus V.
Sep 1, 2023
May or may not recommend
I am struggling after my loan was approved. First they said my bankdetails are wrong I must pay R1900 in the Absa account,i did and then R3800 for the OTP code ,i did . First they said the absa account was feozen and I must ask the bank to reverse the payment, the bank couldnt and the they said the recwived the payment . They give me the new OTP ...Show More
JP
Johan P.
Aug 14, 2023
May or may not recommend
They had stole my 1000 upfront money, and then blocked me
U
Anonymous
Jul 16, 2023
May or may not recommend
Because Afren Wilson from Greensky said you become in debt with Greensky even if you did not receive Greensky services.. how possible is that
U
Anonymous
Jul 7, 2023
May or may not recommend
They are not honest and when I offered a settlement after it was already charged off, they said no and they also said that if and when a settlement was paid, they do not removed their name from your credit report... so it still shows.. so why bother paying it off??
RM
Rodica M.
Jun 27, 2023
May or may not recommend
I signed a contract with GreenSky to finance my windows project with Window Nation. I was told by the sales person it’s a reasonable rate under 10%! So I signed up!
Wrong! Deceitful practices! On my first statement received from Green Sky in BOLD letters now, when they thought it was too late for me to switch, Green Sky informs me in November, 2023 my promotional rate ends!!!! ENDS in ...Show More
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Florida resident here. had to replace multiple hvac systems in my house and my service provider proposed leveraging greensky to help finance. took about 3 minutes to get the financing approval, and was able to choose a 12 month no interest no payment option.
D M.
Jan 21, 2021
May or may not recommend
They are ABSOLUTELY terrible and a predatory lender mostly used by shady companies. Im still being ripped off by them.
SL
Sylvia L.
Jan 5, 2021
May or may not recommend
I was never told the interest rate was a 5 month promotional rate. I would end up paying way more than the initial loan amount (even at this rate - I can't imagine what it would be after 6 months). They charged a activation fee of $39 - another item I was never told about. When I called to find out when the 1sr payment was due, no one ...Show More
RP
Richard P.
Oct 19, 2020
May or may not recommend
Customer service is horrible I have been trying to resolve an issue since August 21st today is October 19th
After countless calls I was assured my problem would be resolved
After three messages for a supervisor to call me
for a week I am still waiting
Madeline D.
Jun 23, 2020
May or may not recommend
WORST RIPOFF PLACE I HAVE EVER SEEN, CREDIT SCORE IN THE HIGH 700s AND THEY WON'T LOWER INTEREST RATE, STAY AWAY
GL
Gary L.
Oct 21, 2019
May or may not recommend
I would sooner starve than borrow a dime from these scumbags again
U
Anonymous
Sep 10, 2019
May or may not recommend
My dentist set this up for me worst thing ever can't see transactions on line of what was charge to you
U
Anonymous
Jul 27, 2019
May or may not recommend
Leaves many voicemails. Refuses to work with customer. Rude and demanding on phone. Makes treats to ruine credit report
Abel F.
Jul 25, 2019
May or may not recommend
Their practices are predatory. They misrepresent how long the promotional period of zero interest is and they aren't upfront with what the interest rate will be after that period ends.
VR
Vikas R.
Jul 17, 2019
May or may not recommend
Florida resident here. had to replace multiple hvac systems in my house and my service provider proposed leveraging greensky to help finance. took about 3 minutes to get the financing approval, and was able to choose a 12 month no interest no payment option.
Lalonnie P.
May 30, 2019
May or may not recommend
This is the WORST finance company EVER!!!!! do not get a loan thru them. They have a ridiculous amount of interest apply to your account if you don't complete the promotional period. the customer service sucks. I honestly feel you're causing yourself financial stress in the long run. RUN RUN RUN
Daniela A.
Apr 16, 2019
May or may not recommend
Told me I was getting an interest-free payment plan, instead ran my credit and opened a credit account with Green Sky Credit who charged me interest, claiming they would credit the interest at the end of the term. They sent me a check for the interest after i paid, AND IT BOUNCED! I have since been waiting for Green Sky customer service to solve this for over a month ...Show More
SJ
Shandrian J.
Apr 15, 2019
May or may not recommend
They double checked my account them said if have to wait 30 days to get my money back. I have other bills to pay and they took the money out quickly, yet they won't put it back just as quick. I'm going to call everyday until I get my money and I'm going to file as many complaints as possible. They are ridiculous. I've never been late ...Show More
Gloria D.
Apr 7, 2019
May or may not recommend
They are money hungry. You will never get them paid off. Interst rates to high. They will trick you. The way they charge the interest rate will eat you alive.
TG
T G.
Mar 25, 2019
May or may not recommend
Terrible corporation. Do not do business with them, They owe me a 1500.00 due to overpayment and they refuse to refund it. They said they would three times on the phone and now they say they won't. It's very suspicious, What happened to my money? It disappeared.
Showing 20 of 22 reviews
You might also like
Best Personal Loans
SuperMoney
What You Need to Know About Personal Loan Rates
Audrey Henderson
Point-of-Sale Financing: How to Finance Purchases Online
Eliana Carmona