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  loanDepot Personal Loans

Out of Business

loanDepot Personal Loans

in Personal Loans from loanDepot

Out of Business

loanDepot Personal Loans

in Personal Loans from loanDepot

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

loanDepot Personal Loans Review

loanDepot Personal Loans is no longer available to new customers on SuperMoney.

Click here to compare Personal Loans 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 Foothill Ranch, CA. loanDepot Personal Loans is available in 49 states (and Washington, DC).

Key Takeaways
  • APRs starting at 6.17%. Personal loan interest rates typically range between 5% and 36%. The starting rates for loanDepot Personal Loans are on the lower end of the spectrum.
  • Fast access to funds. In some cases you can get your money within 1 business day.
  • Prequalified rate. You can check your prequalified rate at loanDepot with a soft pull that will not affect your credit score.
  • Origination fees of up to 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
Loandepot personal loans Pros & Cons
Pros Cons
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • APRs as high as 29.52%.
  • Charges an origination fee of up to 5% of the loan amount.
  • loanDepot Personal Loans does not report to credit bureaus.
  • Charges a late fee of $15
Loandepot personal loans FAQ

What interest rates and personal loan terms does Loandepot personal loans offer?

Loandepot personal loans has lower interest rates than the average 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?

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

What is the maximum personal loan term you can get with Loandepot personal loans?

Loandepot personal loans offers loans with terms ranging from 12 to 60 months.

Loandepot personal loans Interest Rates & Loan Terms
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 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 if you miss one of the monthly payments 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 personal 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 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.

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 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...
    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.

    Contact

    Hours of Operation

    • Sunday Closed
    • Monday Closed
    • Tuesday Closed
    • Wednesday Closed
    • Thursday Closed
    • Friday Closed
    • Saturday Closed

    Other Services by loanDepot

    Availability

      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 Amount $15
    Late Fee Grace Period 15 days
    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)
    Credit Score Range 640 - 750
    Loan Amount $5,000 - $35,000
    APR (Fixed APR) 6.17% - 29.52%
    Loan Term 12 - 60 months

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