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Where does loanDepot do business?

loanDepot is a direct lender based in Foothill Ranch, CA. Founded in 2010, loanDepot offers access to personal loans in 49 states (and Washington, DC).

What are the APRs offered via loanDepot?

loanDepot offers a personal loan product that ranges from 6.17% up to 29.52%.

Does loanDepot charge an origination fee?

Yes, loanDepot charges a loan origination fee of 1% to 5% of the loan amount. loanDepot 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 loanDepot charge a late fee?

Yes, loanDepot may charge borrowers a late payment fee of up to $15, which is triggered if you're 15 days late.

Does loanDepot charge prepayment fees?

No, loanDepot 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 loanDepot?

Loan amounts start at $5,000 and go up to $35,000.

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

Applicants with a credit score of at least 640 can apply for a loan via loanDepot . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via loanDepot. Their rates fall within the limits of The Military Lending Act.

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

  • Driver's license
  • Proof of citizenship or residence permit
  • Recent pay stubs

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

loanDepot will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.

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...


Other Services by loanDepot


Available in 49 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
Late Fee After (number of days)
Late Fee Amount
Origination Fee
1% - 5%
Minimum Age
Credit Score Range
640 - 750
850 300 640 750
Immigration Status Considered
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Joint Loan Applications Accepted
  • Only Individual Applications
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount
$5K - $35K
$100 $100K+
6.17% - 29.52%
4% 100%+

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