Lendly Loan
Lendly Loan
in Personal Loans from Lendly

Lendly Loan

in Personal Loans from Lendly
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Not enough votes for recommendation

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Lendly Loan Review

Lendly Loan is offered by Lendly, a direct lender founded in 2019 and based in Dayton, OH. Lendly Loan is available in 12 states across the USA.

Key Takeaways

  • Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging.
  • No origination fee. Lendly Loan does not charge a loan origination fee.
  • No late fees. Missing a payment can seriously damage your credit, but Lendly Loan will not charge additional fees if you miss the due date on a payment.

Lendly Loan Pros & Cons

Pros Cons
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Considers applicants with fair credit.
  • Small loan amounts (maximum of $2,000).
  • Do not offer pre-approval with soft credit pull.

Lendly Loan FAQ

What interest rates and personal loan terms does Lendly Loan offer?

Lendly Loan has lower than average interest rates for lenders reviewed on SuperMoney.

What interest rates does Lendly Loan offer?

Lendly Loan offers a variable APR personal loan product but they do not disclose their interest rates.

Lendly Loan Interest Rates & Loan Terms
Personal Loan Amount up to $2000
Loan Term Starting at 12 months

What fees does Lendly Loan charge?

Does Lendly Loan charge an origination fee?

Lendly 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 Lendly Loan charge a late fee?

Yes, Lendly Loan may charge borrowers a late payment fee if you miss one of the monthly payments.

Does Lendly Loan charge prepayment fees?

No, Lendly 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.

Lendly Loan Fees
Origination Fee 0%
Prepayment Fee No
Late Payment Fee $0

What do you need to qualify for Lendly Loan?

When it comes to credit scores, Lendly doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Lendly Loan does not have or does not disclose a minimum annual income eligibility requirement. Lendly Loan will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

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 Lendly Loan. Their rates fall within the limits of The Military Lending Act.

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

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

  • Applicants must have an active and valid personal checking or savings account
  • Proof of income
  • Recent bank statements
  • Driver's license
Lendly Loan Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 300 - 850 FICO

    Does Lendly Loan report your account activity to credit bureaus?

    Yes, Lendly Loan reports your account activity to the following credit reporting agencies:

    • Equifax
    • Experian
    • Transunion

    Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

    Is Lendly a legit company?

    Lendly Loan was founded in 2019. It is an established company that has been in business for 3 years.

    Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

    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.


    Hours of Operation

    • Sunday 9:00am - 6:00pm
    • Monday 9:00am - 10:00pm
    • Tuesday 9:00am - 10:00pm
    • Wednesday 9:00am - 10:00pm
    • Thursday 9:00am - 10:00pm
    • Friday 9:00am - 10:00pm
    • Saturday 9:00am - 6:00pm

    About Lendly Loan


      Available in 12 states
    • Alaska
    • Arkansas
    • Arizona
    • Idaho
    • Louisiana
    • Minnesota
    • New Mexico
    • South Carolina
    • Tennessee
    • Texas
    • Utah
    • Wisconsin

    Feature Breakdown

    Late Fee Amount $0
    No Interest Grace Period for Late Payment 0 days
    No Late Fees
    No Origination Fee
    No Prepayment Fee
    Origination Fee ($) $0
    Origination Fee (%) 0%
    Accepts Savings Accounts
    Checking Account Required
    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    • Unemployed
    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
    • Tax Returns
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of Income
    • Recent Bank Statements
    • Social Security Number
    Credit Score Range 300 - 850
    Approval Speed 24 hours
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Funding Time Range Up to 3 days
    Payment Options Automatic Payments
    APR Type Variable APR
    Loan Amount Up to $2,000
    Loan Term Starting at 12 months

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