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Is loanDepot Personal Loans the right fit for you?
Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
6.17% - 29.52%(Verified 06/21/2024)
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Amount Range
$5,000 - $35,000
Loan Term (Months)
12 - 60
loanDepot Personal Loans Review
loanDepot Personal Loans is no longer available to new customers on SuperMoney. Click here to compare and quickly find the best options for your needs. |
loanDepot Personal Loans is offered by loanDepot, a direct lender founded in 2010 and based in Irvine, CA. Loandepot personal loans are available in 49 states and Washington, DC.
Key Takeaways
- APRs starting at 6.17%. Personal loan interest rates typically range between 9% and 36%. The starting rates for loanDepot Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, loanDepot will send the money in as little as 24 hours.
- Prequalified rate. You can check your prequalified rate at loanDepot with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of 1% to 5%. This is average for lenders that charge origination fees. Don't forget that these fees are deducted from the loan amount, so take them into account when deciding how much money to borrow.
Loandepot personal loans Pros & Cons
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Loandepot personal loans FAQ
What interest rates and personal loan terms does Loandepot personal loans offer?
Loandepot personal loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Loandepot personal loans offer?
Loandepot personal loans offers a fixed APR personal loan product that ranges from 6.17% APR up to 29.52% APR.
How much can you borrow via Loandepot personal loans?
Personal loan amounts start at $5,000 and go up to $35,000
What is the maximum loan term you can get with Loandepot personal loans?
Loandepot personal loans offers loans with terms of up to 60 months.
| Personal Loan Amount | $5000 - $35000 |
| Loan Term | 12 - 60 months |
| APR | 6.17% - 29.52% |
What fees does Loandepot personal loans charge?
Does Loandepot personal loans charge an origination fee?
Loandepot personal loans may charge a personal loan origination fee of 1% to 5% of the personal loan amount . Loandepot personal loans deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does Loandepot personal loans charge a late fee?
Yes, Loandepot personal loans may charge a late payment fee if you miss one of the regularly scheduled payments of up to $15.
Does Loandepot personal loans charge prepayment fees?
No, Loandepot personal loans 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.
| Origination Fee | 1% - 5% |
| Prepayment Fee | No |
| Late Payment Fee | $15 |
What do you need to qualify for loanDepot Personal Loans?
Applicants with a credit score of at least 640 and up to 750 may be eligible for loanDepot Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. loanDepot Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | 640 - 750 |
What is the estimated funding time for a personal loan via Loandepot personal loans?
Loandepot personal loans will typically fund loans within 1 to 7 business days of approval and clearing necessary verifications.
Does loanDepot perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Loandepot personal loans allows you to check your rates with a soft credit pull.
Are loanDepot Personal Loans legit?
loanDepot was founded in 2010, it is a well-established company that has been in business for 16 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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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.
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Hours of Operation
SundayClosedMonday8:00AM - 10:00PMTuesday8:00AM - 10:00PMWednesday8:00AM - 10:00PMThursday8:00AM - 10:00PMFriday8:00AM - 10:00PMSaturday11:00AM - 6:00PM
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