Overview

Where does LoanMe do business?

LoanMe is based in Anaheim, CA. It was founded in 2014 and offers access to personal loans in 10 states across the USA.

What are the APRs offered via LoanMe?

LoanMe offers personal loans with APRs starting at 12.22% and up to 184.36%.

Does LoanMe charge an origination fee?

Yes, LoanMe charges a loan origination fee. 

Does LoanMe charge a late fee?

Yes, LoanMe may charge borrowers a late payment fee

Does LoanMe charge prepayment fees?

Yes, LoanMe charges additional fees to borrowers who pay off their loans soon than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

How much can you borrow via LoanMe?

Loan amounts start at $2,600 and go up to $100,000.

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.

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
• Recent pay stubs
• Proof of income

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.