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LionLoans

in Personal Loans from LionLoans

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LionLoans

Claimed

in Personal Loans from LionLoans

SuperMoney Net Recommendation Score -36% 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

4 users recommend
1 user is unsure
9 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
Loan Amount $300 - $3,000
APR (Fixed APR) 36% - 200%
Loan Term (Months) 1 - 36

Overview

Where does LionLoans do business?

LionLoans is a direct lender based in Sandy, UT. Founded in 2013, LionLoans offers access to personal loans in 15 states across the USA.

What rates and terms does LionLoans offer?

LionLoans has higher interest rates than the average for lenders reviewed on SuperMoney.

What personal loan APRs does LionLoans offer?

LionLoans offers a fixed APR personal loan product that ranges from 36% APR up to 200% APR.

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 LionLoans?

Loan amounts start at $300 and go up to $3,000.

What can a personal loan from LionLoans be used for?

Personal loans from LionLoans are typically used for special purchases, debt consolidation, weddings or similar purposes.

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

LionLoans offers personal loans with terms ranging from 1 to 36 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.

LionLoans Rates & Terms
Loan Amount $300 - $3000
Loan Term 1 - 36 months
APR 36% - 200%

What fees does LionLoans charge?

Does LionLoans charge an origination fee?

LionLoans does not charge a loan origination fee.

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

Does LionLoans charge a late fee?

Yes, LionLoans may charge borrowers a late payment fee

Does LionLoans charge prepayment fees?

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

LionLoans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for a loan with LionLoans?

Applicants with a credit score of at least 300 can apply for a loan via LionLoans . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify for a LionLoans loan, applicants need a minimum annual income of $36,000 or higher. LionLoans only considers borrowers who are employed and meet the minimum income requirement.

Active duty servicemembers and their covered dependents cannot apply for a loan via LionLoans. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.Only U.S. citizens and permanent residents can apply for a loan.

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

  • Applicants must have an active and valid checking account
  • Proof of citizenship or residence permit
  • Recent pay stubs
  • Proof of income
  • LionLoans Eligibility Criteria
    Minimum Age 18
    Bank Account Required? Yes
    Joint Applications Accepted? No
    Credit Score 300 - 850

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

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

    Does LionLoans report loan payments to credit bureaus?

    LionLoans may report credit data to the following credit reporting agencies:

    LIONLOANS Disclosure: All lending and servicing of loans for LionLoans is done by one of MoneyLion's affiliates. All loans in i) Alabama are made by MoneyLion of Alabama LLC under Consumer Credit License # MC 22369, regulated by the Alabama State Banking Department; ii) C
    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

    • Headquarters
    •   P.O. Box 1547, Sandy, UT 84091-1547
      Sandy, UT 84091 USA
    •   Visit Site

    About LionLoans

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. 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
      Available in 15 states
    • Alabama
    • California
    • Delaware
    • Georgia
    • Idaho
    • Illinois
    • Mississippi
    • Missouri
    • New Mexico
    • North Dakota
    • Ohio
    • South Carolina
    • Texas
    • Utah
    • Wisconsin

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    Minimum Age 18
    Credit Score Range 300 - 850
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Minimum Annual Income $36,000
    Bank Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
    Military Status
    • Non-Military
    • Veterans
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Verification Documents Required
    • Proof of Income
    • Recent Pay Stubs
    • Proof of citizenship/residence (Green Card)
    Loan Amount $300 - $3K
    Loan Term (Months) 1 - 36
    APR (Fixed APR) 36% - 200%

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