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  loanDepot Personal Loans

loanDepot Personal Loans

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loanDepot Personal Loans

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in Personal Loans from loanDepot

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Highlights
Highlights
Loan Amount $5,000 - $35,000
APR  (Fixed APR) 6.17% - 29.52%
Loan Term 12 - 60 months

loanDepot Personal Loans Review

loanDepot Personal Loans is offered by loanDepot, a direct lender founded in 2010 and based in Foothill Ranch, CA. loanDepot Personal Loans is available in 49 states (and Washington, DC).

What rates and terms does loanDepot Personal Loans offer?

loanDepot Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What personal loan APRs 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.

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 loanDepot Personal Loans?

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

What can a personal loan from loanDepot Personal Loans be used for?

Personal loans from loanDepot Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.

What is the maximum loan term you can get with loanDepot Personal Loans?

loanDepot Personal Loans offers personal loans with terms ranging from 12 to 60 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.

loanDepot Personal Loans Rates & Terms
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 charges a loan origination fee of 1% to 5% of the loan amount. loanDepot Personal Loans 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 Personal Loans charge a late fee?

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

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 loan off early.

loanDepot Personal Loans Fees
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 are 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.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via loanDepot Personal Loans. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

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

  • Recent pay stubs
  • Driver's license
  • Proof of citizenship or residence permit
loanDepot Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score 640 - 750

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

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

    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...

    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 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) 15
    Late Fee Amount $15
    Origination Fee (%) 1% - 5%
    Immigration Status Considered
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Individual Applications
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Verification Documents Required
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Loan Amount $5K - $35K
    APR (Fixed APR) 6.17% - 29.52%
    Loan Term 12 - 60 months

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