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LoanMe

in Personal Loans from LoanMe

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LoanMe

Unaffiliated

in Personal Loans from LoanMe

SuperMoney Net Recommendation Score -86% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

10 users recommend
4 users are unsure
155 users don't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Loan Amount $2,600 - $50,000
APR 26.74% - 184.36%
Loan Term (Months) 36 - 180
Number of Reviews 169

Overview

Where does LoanMe do business?

LoanMe is a direct lender based in Anaheim, CA. Founded in 2014, LoanMe offers access to personal loans in 9 states across the USA.

What rates and terms does LoanMe offer?

LoanMe has higher interest rates than the average for lenders reviewed on SuperMoney.

What personal loan APRs does LoanMe offer?

LoanMe offers a fixed APR personal loan product that ranges from 26.74% APR up to 184.36% APR. Interest rates vary by state.

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 LoanMe?

Loan amounts start at $2,600 and go up to $50,000.

What can a personal loan from LoanMe be used for?

Personal loans from LoanMe 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 LoanMe?

LoanMe offers personal loans with terms ranging from 36 to 180 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.

LoanMe Rates & Terms
Loan Amount $2600 - $50000
Loan Term 36 - 180 months
APR 26.74% - 184.36%

What fees does LoanMe charge?

Does LoanMe charge an origination fee?

LoanMe charges a loan origination fee of 0% to 33% of the loan amount (origination fees and requirements vary by state). LoanMe 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 LoanMe charge a late fee?

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

Does LoanMe charge prepayment fees?

No, LoanMe does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

LoanMe Fees
Origination Fee 0% - 33%
Prepayment Fee? No
Late Payment Fee $15

What do you need to qualify for a loan with LoanMe?

Applicants with a credit score of at least 300 can apply for a loan via LoanMe . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

LoanMe will consider borrowers regardless of their employment status if they can prove their ability to repay the loan requested.

Active duty servicemembers and their covered dependents cannot apply for a loan via LoanMe. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

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

  • Driver's license
  • Applicants must have an active and valid checking account
  • Proof of identity
  • Recent pay stubs
  • Proof of income
LoanMe Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Joint Applications Accepted? Yes
Credit Score 300 - 700

What is the estimated funding time for a personal loan via LoanMe?

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

Does LoanMe report loan payments to credit bureaus?

LoanMe may report credit data to the following credit reporting agencies:

  • Clarity
LOANME Disclosure: Credit approval is subject to LoanMe's credit standards, and actual terms (including actual loan amount) may vary by applicant. LoanMe requires certain supporting documentation with each new application. If you have any questions regarding this, call us at 1-844-311–2274. California loans are made pursuant to LoanMe's California Department of Business Oversight Financing Law License #603K061. LoanMe also offers loans in certain other states which may have higher minimum loan amounts.
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...

Contact

  • Headquarters
  •   LoanMe, Inc.
    1900 S. State College Boulevard, Suite 300
    Anaheim, CA 92806 USA
  •   Visit Site

Message from LoanMe

LoanMe is a California based lender that offers unsecured installment loans to qualified borrowers. Our loans are typically used for one-time purchases or debt consolidation. The process is fast and easy and it’s even possible to have money deposited into your checking account in as fast as 3-4 hours!

Other Services by LoanMe

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 9 states
  • Arizona
  • California
  • Delaware
  • Idaho
  • Kentucky
  • Missouri
  • New Mexico
  • South Carolina
  • Utah

Feature Breakdown

No Prepayment Fee  
Late Fee After (number of days) 15
Late Fee Amount $15
Origination Fee 0% - 33%
Minimum Age 18
Credit Score Range 300 - 700
Immigration Status Considered
  • U.S. Permanent Resident
Bank Account Required  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Tax Returns
Joint Loan Applications Accepted
  • Individual Applications
Verification Documents Required
  • Proof of Identity
  • Proof of Income
  • Recent Pay Stubs
  • Driver License (or other photo ID)
Loan Amount $2.6K - $50K
Loan Term (Months) 36 - 180
APR (Fixed APR) 26.74% - 184.36%

Reviews

 
 

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