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. Your 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 195.88% up to 748.77% 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).

Which States Does LendUp Operate In?

LendUp currently operates in Alabama, California, Florida, Hawaii, Idaho, Illinois, Indiana, Kansas, Louisiana, Maine, Minnesota, Mississippi, Missouri, New Mexico, Ohio, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming.

What Is the LendUp Application Process Like?

The application process can be as fast as 5 minutes. You can get cash the next business day if approved. 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.

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.

  • Credit Bureau Reporting
  • Interest APR
    29% - 748.77%
  • Loan Amount
    $100 - $250
  • Payment Options
    Automatic Payments Check by mail Credit/Debit Card
  • Max Loan Term (Months)
  • Checking Account Required?
  • Immigration Status Requirements
    Must be U.S. Citizen or U.S. Permanent Resident
  • Lend To Military?
  • Minimum Age
  • Unemployed Applicants Considered?
  • Verification Documents Required?
    Recent pay stubs Driver license (or other photo ID) Proof of citizenship/residence
  • Customizable Payment Dates
  • Deferred Payments
  • Joint Loans Available
  • No Late Fees
  • No Origination Fee
  • No Prepayment Penalty
  • Pre-Approved Soft Credit Inquiry
  • Minutes
  • Same Day
  • 1-7 days
  • 1-2 weeks
  • 2-4 weeks
  • Late Fee After (number of days)
  • Late Fee Amount
  • Institution Type
    Direct Lender
  • Approval Speed (Hours)
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0 votes

I hope people notice the recent negative reviews all seem to be strangely from the same person...

My review was only better than middle of the road because of the multiple fake bad ones. I haven't been able to utilize the site yet, but I can say the application is easy and quick, and they seem to help a lot of real people. I have gotten an unexplained error message at the end of my attempts to apply, but I hope to fix it soon.

0 votes


Thank you this was great in formation. Loans Fast and easy

0 votes

My cell phone bill was disconnected and I wasn't able to pay the bill since it was around the same time as my rent being due. I tried LendUp for the first time to help pay for the cell phone bill, and I was pleasantly surprised by how great of a company they are. The $250 that I was approved for went directly into my account the following day, and they took the money back out on the morning of the due date. They gave me a bunch of reminders ... (including texts and emails) throughout the month reminding me to have that money in my account on the due date. Thank you, LendUp. Sometimes people need a bit of financial help when going through hard times. More Less

0 votes

I applied but it didn't approve me because it can not verify residency. There is no option to verify all of my information or to correct anything that I entered incorrectly, it simply says it couldn't verify and that's it. Would love to know how to fix that.

0 votes

Way too high of interest and say they report to credit agency's but 60 later still not there. They blame the Agency's but my truck payment shows after a week.

0 votes

Tells me I am eligible for a new loan, but when I put in for one, a post comes up saying I cannot take one out due to a waiting period. I have fully paid off two loans, so I don't understand. I won't try again, guess they don't want my business.

0 votes

Was approved for two loans and paid them off, just trying to re-build my credit. Now there is some kind of waiting period or something and although I am 'approved' for another loan, they will not let me take one out because of this waiting period. Their customer service is useless, and not helpful at all as far as letting me know how long this waiting period is. I am ok not using them any more. I guess they don't want my business.

0 votes

It's for a car the family leaving the state with his family and he want to sell me his car I really like that car and I told him I would tried to get a loan

0 votes

Great Company! Fast approval. Loan amounts vary and increase the longer you stay with them. Interest is very reasonable. I'd recommend to my own mother!

0 votes

I currently have a $8k loan with this company. They were quick and they are very helpful with adjusting the timing of payments (within grace of 15 days) excellent and not a bad rate.

0 votes

LendUp combines the convenience and speed of payday lenders with more realistic interest rates to create a viable alternative to the trap of payday loans. LendUp is highly rated by users on CreditKarma, with average 4-star reviews (out of a possible 5 stars). If you have ever applied for a payday loan (and even if you have not), you should be able to navigate the application process with ease. The entire application process takes place online, with a credit granting (or denial) decision issued within minutes. LendUp uses a ... variety of verification and underwriting processes to make its lending decisions; poor credit is not necessarily a barrier. If you have an eligible debit card, you could have a deposit in your account within an hour. Otherwise, you may opt for an ACH deposit that is posted to your account on the following business day. If you have questions, you may contact customer service via online contact form or by toll free telephone number. More Less

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