SuperMoney
  LendFu Personal Loans

Out of Business

LendFu Personal Loans

in Personal Loans from Social Lending Fpc

Out of Business

LendFu Personal Loans

in Personal Loans from Social Lending Fpc

SuperMoney Net Recommendation Score -40%

SUPERMONEY NET RECOMMENDATION SCORE

-40%

-100% 0% +100%
No one recommends Everyone recommends

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.

Mostly not recommended

0 users recommend
3 users are unsure
2 users don't recommend
Cast your vote
Cast your vote

Would you recommend LendFu Personal Loans to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Community Rating Mostly not recommended
APR  (Fixed APR) 10%
Loan Amount $100 - $1,000
Loan Term (Months) 5 - 11 months

LendFu Personal Loans Review

LendFu Personal Loans is no longer available to new customers.

Click here to compare Personal Loans and quickly find the best options for your needs.

LendFu Personal Loans is offered by Social Lending Fpc, a marketplace lending platform founded in 2013 and based in San Jose, CA. LendFu Personal Loans is available in 1 state across the USA.

Key takeaways

  • Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 560 are considered for LendFu Personal Loans.
  • Small-dollar loans. LendFu Personal Loans has a maximum loan amount of just $1,000.
  • Hard credit pull required. You can't check your rates or see if you prequalify for LendFu Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
  • Origination fee of 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them.
  • Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for LendFu Personal Loans.
  • Short loan terms. LendFu Personal Loans offers loan terms as short as 5 months. Most personal loans have a minimum term of 12 to 36 months.
  • Minimum income of $30,000. You will need an annual income of at least $30,000 to apply for LendFu Personal Loans, which is above average for the lenders in our database.

LendFu Personal Loans Pros and Cons:

Pros Cons
  • $0 prepayment fee.
  • Considers applicants with poor credit.
  • Fast funding.
  • Charges an origination fee of up to 5% of the loan amount.
  • Short loan terms (maximum of 11 months).
  • Small loan amounts (maximum of $1,000).
  • Do not offer pre-approval with soft credit pull.
  • LendFu Personal Loans does not report to credit bureaus.
  • Charges a late fee of up to $5.

What rates and terms does LendFu Personal Loans offer?

What APR rate does LendFu Personal Loans offer?

LendFu Personal Loans offers a fixed APR personal loan product of 10%.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via LendFu Personal Loans?

Loan amounts start at $100 and go up to $1,000.

What can a personal loan from LendFu Personal Loans be used for?

Personal loans from LendFu Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.

What is the maximum loan term you can get with LendFu Personal Loans?

LendFu Personal Loans offers personal loans with terms ranging from 5 to 11 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

LendFu Personal Loans Rates & Terms
Loan Amount $100 - $1000
Loan Term 5 - 11 months
APR 10%

What fees does LendFu Personal Loans charge?

Does LendFu Personal Loans charge an origination fee?

LendFu Personal Loans may charge a loan origination fee of 5% of the loan amount (origination fees and requirements vary by state). LendFu Personal Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does LendFu Personal Loans charge a late fee?

Yes, LendFu Personal Loans may charge borrowers a late payment fee of up to $5.

Does LendFu Personal Loans charge prepayment fees?

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

LendFu Personal Loans Fees
Origination Fee 5%
Prepayment Fee? No
Late Payment Fee up to $5

What do you need to qualify for LendFu Personal Loans?

Applicants with a credit score of at least 560 and up to 700 are eligible for LendFu Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with LendFu Personal Loans, applicants need a minimum annual income of $30,000 or higher.

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 LendFu Personal Loans. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Blank personal check and/or debit card
LendFu Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Co-borrowers
  • Cosigners
  • Individual Applications
  • Credit Score 560 - 700

    What is the estimated funding time for a personal loan via LendFu Personal Loans?

    LendFu Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 2 business days of approval.

    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...

    Contact

    About LendFu Personal Loans

    Availability

      Available in 1 state
    California
    Availabile in all of California

    Feature Breakdown

    No Prepayment Fee  
    Late Fee Amount Up to $5
    Origination Fee (%) 5%
    Immigration Status Considered U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Co-borrower
    • Cosigner
    • Individual Applications
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Minimum Annual Income $30,000
    Verification Documents Required Blank Personal Check and/or Debit Card
    Credit Score Range 560 - 700
    Loan Amount $100 - $1,000
    APR (Fixed APR) 10%
    Loan Term 5 - 11 months

    Be the first to rate

     

    Would you recommend LendFu Personal Loans to your friends?

    Before we publish your vote:

    Please explain your vote by sharing your experience.

    Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

    Please write a review to submit your vote
    Cancel my vote
    (will require moderator approval)

    SUPERMONEY NET RECOMMENDATION SCORE

    -40%

    -100% 0% +100%
    No one recommends Everyone recommends

    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.

    Other Personal Loans