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  MaxLend

MaxLend

in Personal Loans from MaxLend

Claimed

MaxLend

Claimed

in Personal Loans from MaxLend

SuperMoney Net Recommendation Score -92% 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

1 user recommends
2 users are unsure
45 users don't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Loan Amount $100 - $2,500
APR (Fixed APR) 471.78% - 841.45%
Loan Term (Months) 6 - 12
Number of Reviews 48

Overview

Where does MaxLend do business?

MaxLend is a direct lender based in Parshall, ND. Founded in 2016, MaxLend offers access to personal loans in 36 states (and Washington, DC).

What rates and terms does MaxLend offer?

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

What personal loan APRs does MaxLend offer?

MaxLend offers a fixed APR personal loan product that ranges from 471.78% APR up to 841.45% APR.

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 MaxLend?

Loan amounts start at $100 and go up to $2,500.

What can a personal loan from MaxLend be used for?

Personal loans from MaxLend are typically used for special purchases, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.

What is the maximum loan term you can get with MaxLend?

MaxLend offers personal loans with terms ranging from 6 to 12 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.

MaxLend Rates & Terms
Loan Amount $100 - $2500
Loan Term 6 - 12 months
APR 471.78% - 841.45%

What fees does MaxLend charge?

Does MaxLend charge an origination fee?

MaxLend does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does MaxLend charge a late fee?

Yes, MaxLend may charge borrowers a late payment fee

Does MaxLend charge prepayment fees?

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

MaxLend Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

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

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

To qualify for a MaxLend loan, applicants need a minimum annual income of $10,200 or higher. MaxLend 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 MaxLend. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.Only U.S. citizens and permanent residents can apply for a loan.

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

  • Applicants must have an active and valid checking account
  • Recent pay stubs
  • MaxLend Eligibility Criteria
    Minimum Age 18
    Bank Account Required? Yes
    Joint Applications Accepted? Yes
    Credit Score 300 - 850

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

    MaxLend will typically approve (or deny) a loan application within 24 hours and fund personal loans within 3 business days of approval.

    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
    •   Parshall, ND 58770 USA
    •   Visit Site

    About MaxLend

    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 36 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Colorado
    • Delaware
    • Washington, DC
    • Florida
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Michigan
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • North Carolina
    • Ohio
    • Oklahoma
    • Oregon
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    Minimum Age 18
    Credit Score Range 300 - 850
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Minimum Annual Income $10,200
    Bank Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
    Military Status
    • Non-Military
    • Veterans
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Joint Loan Applications Accepted
    • Individual Applications
    Verification Documents Required
    • Recent Pay Stubs
    Loan Amount $100 - $2.5K
    Loan Term (Months) 6 - 12
    APR (Fixed APR) 471.78% - 841.45%

    Reviews

     
     

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