Last Updated: 04/18/2025
SuperMoney User Recommendation Score -21
Mostly not recommended19 total votes
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Highlights
Community Rating
Mostly not recommended
APR (Fixed APR)
60% - 249%(Verified 06/21/2024)
Disclaimer popup with additional information
Amount Range
$1,500 - $3,100
Loan Term (Months)
30
Number of Reviews
LoanMart Personal Loans Review
LoanMart Personal Loans is offered by LoanMart, a direct lender founded in 2002 and based in Van Nuys, CA. Loanmart are available in 6 states.
Key Takeaways
- APRs starting at 60%. Interest rates vary by state. Personal loan interest rates typically range between 9% and 36%. The starting rates for LoanMart Personal Loans are on the higher end of the spectrum.
- Same day funding available. In some cases you may be able to access your money the same day you apply.
- Origination fees of $0 to $100.
Loanmart Pros & Cons
| Pros | Cons |
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Loanmart FAQ
What interest rates and personal loan terms does Loanmart offer?
Loanmart has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Loanmart offer?
Loanmart offers a fixed APR personal loan product that ranges from 60% APR up to 249% APR. Interest rates vary by state.
How much can you borrow via Loanmart?
Personal loan amounts start at $1,500 and go up to $3,100
What is the maximum loan term you can get with Loanmart?
Loanmart offers loans with terms of 30 months.
| Personal Loan Amount | $1500 - $3100 |
| Loan Term | 30 months |
| APR | 60% - 249% |
What fees does Loanmart charge?
Does Loanmart charge an origination fee?
Loanmart may charge a personal loan origination fee of $0 to $100
Does Loanmart charge a late fee?
Yes, Loanmart may charge a late payment fee if you miss one of the regularly scheduled payments of up to $10.
Does Loanmart charge prepayment fees?
No, Loanmart 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 | No |
| Prepayment Fee | No |
| Late Payment Fee | $10 |
What do you need to qualify for LoanMart Personal Loans?
The minimum age to be eligible is 18 or the state minimum, whichever is higher. LoanMart Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by LoanMart Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Proof of identity
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Credit Score | 300 - 640 |
What is the estimated funding time for a personal loan via Loanmart?
Loanmart will typically fund loans within 0 to 1 business days of approval and clearing necessary verifications.
Does LoanMart perform a hard credit pull?
Yes, Loanmart performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are LoanMart Personal Loans legit?
LoanMart was founded in 2002, it is a well-established company that has been in business for 24 years. LoanMart Personal Loans is mostly not recommended by SuperMoney community users.
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.
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly don't recommend this product, giving it a user recommendation score of -21, or 2.6 on a 5-point rating scale.
-21
-1000+100
No one recommends
Everyone recommends
LoanMart Personal Loans Community Reviews
Would you recommend LoanMart Personal Loans to your friends?
KA
Kerri A.
Oct 23, 2020
May or may not recommend
Please don't use Loanmart if you are thinking of a title loan. I had a 2006 Mercedes Benz clk350 that I took out a $3000 loan on and finally after 36 months of paying a $392.40 payment I finally voluntarily let them take my vehicle since I had already paid over $14,000 for a $3000 loan. I also made arrangements for them to contact me and pick up my ...Show More
TB
Tisa B.
Oct 15, 2019
May or may not recommend
This is based solely on a call that I made today regarding my title loan. Contacted loan Mart today via phone due to payment I missed. I spoke with a loan Rep name Eddie explaining my situation that I was robbed vehicle broken into wasn't to understanding nor I felt like he wasn't even listening after I told him that I just started trying to replace my items that ...Show More
Chris F.
Sep 16, 2019
May or may not recommend
Their communication stinks. You have to stay on top of them. I have had to send in the same documents multiple times. Then all of a sudden they needed more but no one ever told me. If you are needing cash quickly then this is definitely NOT the place. They make it sound like you can get cash same day but realistically it takes a good 3 business days, so ...Show More
GG
Greg G.
Jun 2, 2019
May or may not recommend
They came through in a pinch!! Doris was the best!! Very helpful and very courteous!! She rocks!!
RM
Rosalinda M.
May 30, 2019
May or may not recommend
Was a good place to get my title loan fast and easy an the staff was really friendly
JH
Juana H.
May 30, 2019
May or may not recommend
Muy bueno copamia y la gente amable puraino algarda mi prestamos rápido
RJ
R. J.
May 28, 2019
May or may not recommend
I am very satisfied with the service you provided. Thanks
Francille C.
May 15, 2019
May or may not recommend
I applied and have been approved twice. The second loan took 5 minutes from application to approval. I signed thirty minutes later and received my money the next day because it was after 6:00pm.
LJ
Lena J.
Mar 21, 2019
May or may not recommend
It was a pleasure working with the team at Loan Mart. They helped make my loan request simple without going through so much hassle. I received my loan in a couple of days.
U
Anonymous
Oct 10, 2016
May or may not recommend
They talk it all up and what they can give you, they make you go through the LONG process to them tell you, "oh the amt changed, we can't give you the original amt, it will be lower"
Such a ridiculous company. Go somewhere else TRUST ME!!!!
U
Anonymous
Jan 23, 2016
May or may not recommend
These guys are sharks and will take everything you've got. Stay far away. Do whatever it takes to get money some other way. You will be sorry every day you took there money.......
U
Anonymous
May 16, 2015
May or may not recommend
LoanMart is kinda useless. I figured if we used the service we would build up more lending power, but no. They need a better evaulation system. They should get on the evolution plan instead
U
Anonymous
May 16, 2015
May or may not recommend
I have used the service for about 1.5yrs and they still have me at low limit. Their customer service is useless and says the computer controls everything. We are a brick and mortar computer store and our lending limit is only 1k.
U
Anonymous
May 16, 2015
May or may not recommend
All the terms and fees are spelled out in advance so there aren't any surprises. Easy to work with and their website is simple to navigate. If your credit is challenged and you need a lump sum of cash immediately, this is a better option than a money-sucking payday loan.
U
Anonymous
May 16, 2015
May or may not recommend
I was just wanted to check if this really works and it does i had no hope i was trying to pay of my bills and thought let me give this try and process was smooth. the money in my account i thank every one who funded and will recommend this to who ever is in need of some payday loan
U
Anonymous
May 16, 2015
May or may not recommend
I've never been through an easier and more positive experience than I had with LM. They kept me updated throughout the process and the whole thing took maybe 3 days. Thank you LM, I will most definitely use you again!!!
U
Anonymous
May 7, 2015
May or may not recommend
These kinds of places should be illegal and shut down. If it's not ok for anyone to just rob people on the street, how can it be legal for a company like this to do it? That's what they do - they rob struggling people.
U
Anonymous
Mar 4, 2015
May or may not recommend
I recently went into LoanMart with a friend who needed a loan. I was there for support and to ask any questions that she may have forgotten. The staff was very pleasant and helpful and patient with all of our what if questions...
Long story short, I also ended up getting a small short term loan and the interst is really worth it if you can pay it back.
U
Anonymous
Mar 2, 2015
May or may not recommend
These guys are usually alright. It is a large interest loan, but i must say i was in a tough spot. I've truly had a lot of cash blunders and i have some sort of poor to terrible credit. This company was the only one that would work with me at all. So, short story shorter -- they're fair
Showing 19 of 19 reviews
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