Last Updated: 01/15/2026
SuperMoney User Recommendation Score +46
Mostly recommended65 total votes
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Highlights
Community Rating
Mostly recommended
APR (Fixed APR)
29% - 299%(Verified 06/21/2024)
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Amount Range
$1,000 - $5,000
Loan Term (Months)
12 - 48
Number of Reviews
LoanNow Personal Loans Review
LoanNow Personal Loans is offered by LoanNow, LLC, a direct lender founded in 2013 and based in Santa Ana, CA. LoanNow are available in 7 states.
Key Takeaways
- APRs starting at 29%. Personal loan interest rates typically range between 9% and 36%. The starting rates for LoanNow 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.
- No origination fee. LoanNow Personal Loans does not charge a loan origination fee.
LoanNow Pros & Cons
| Pros | Cons |
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LoanNow FAQ
What interest rates and personal loan terms does LoanNow offer?
LoanNow has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does LoanNow offer?
LoanNow offers a fixed APR personal loan product that ranges from 29% APR up to 299% APR.
How much can you borrow via LoanNow?
Personal loan amounts start at $1,000 and go up to $5,000
What is the maximum loan term you can get with LoanNow?
LoanNow offers loans with terms of up to 48 months.
| Personal Loan Amount | $1000 - $5000 |
| Loan Term | 12 - 48 months |
| APR | 29% - 299% |
What fees does LoanNow charge?
Does LoanNow charge an origination fee?
LoanNow does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does LoanNow charge a late fee?
LoanNow does not disclose whether it charges late payment fees.
Does LoanNow charge prepayment fees?
No, LoanNow 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 | N/A |
| Late Payment Fee | No |
What do you need to qualify for LoanNow Personal Loans?
Applicants with a credit score of at least 500 and up to 700 may be eligible for LoanNow Personal Loans. The minimum age to be eligible is 21 or the state minimum, whichever is higher. LoanNow 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 LoanNow 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 | 21 |
| Bank Account Required? | Yes |
| Credit Score | 500 - 700 |
What is the estimated funding time for a personal loan via LoanNow?
LoanNow will typically fund loans within 0 to 2 business days of approval and clearing necessary verifications.
Does LoanNow Personal Loans report your account activity to credit bureaus?
Yes, LoanNow Personal Loans reports to the following credit bureaus:
- TransUnion
- Clarity Services
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does LoanNow, LLC perform a hard credit pull?
Yes, LoanNow 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 LoanNow Personal Loans legit?
LoanNow was founded in 2013, it is a well-established company that has been in business for 13 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
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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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