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Last Updated: 04/18/2025

LoanMart Personal Loans

in Personal Loans from LoanMart

Last Updated: 04/18/2025

Created by:

SuperMoney

Fact Checked by:

Andrew Latham

Mostly not recommended19 total votes

5 users recommend

5 users are unsure

9 users don't recommend

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Highlights

Community Rating

Mostly not recommended

APR (Fixed APR)

60% - 249%(Verified 06/21/2024)

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Amount Range

$1,500 - $3,100

Loan Term (Months)

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

No prepayment penalty.
Considers applicants of all credit types.
Same day funding available*.

APRs as high as 249%.
Charges an origination fee.
Does not offer pre-approval with soft credit pull.
LoanMart Personal Loans does not report to credit bureaus.
No co-sign option available.

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.

Loanmart Interest Rates & Loan Terms

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.

Loanmart Fees

Origination Fee

Prepayment Fee

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

Loanmart Eligibility Criteria

Minimum Age

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.

Message from Loanmart

LoanMart understands your needs and will work with you to determine a payment plan that will fit comfortably with your lifestyle. Whether your credit history is good or bad, you can get approved for a LoanMart Personal Loan.

Contact

Headquarters

P.O. Box 8075

Van Nuys, CA 91409

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