SuperMoney 
  LionLoans

LionLoans

in Personal Loans

Claimed

LionLoans

Claimed

in Personal Loans

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
Cast your vote
Cast your vote

Would you recommend LionLoans to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

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 are the APRs offered via LionLoans?

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

Does LionLoans charge an origination fee?

No, 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.

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.

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
  • 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

      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 Fees
      No Origination Fee
       
      No Prepayment Fee
       
      Minimum Age
      18
      Credit Score Range
      300 - 850
      850 300
      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)
      Dollar Amount
      Loan Amount
      $300 - $3K
          $100 $100K+
      Integer
      Loan Term (Months)
      1 - 36
          1 180
      Percentage
      APR
      (Fixed APR)
      36% - 200%
          4% 100%+

      Reviews

       
       

      Would you recommend LionLoans 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)

      Other Personal Loans