MaxLend Personal Loans Review

MaxLend Personal Loans is offered by Makes Cents Inc., a direct lender founded in 2012 and based in Parshall, ND. MaxLend Personal Loans is available in 36 states (and Washington, DC).

Key takeaways

• Fast access to cash. In some cases you can get your money within 1 business day.
• Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 300 are considered for MaxLend Personal Loans.
• Small-dollar loans. MaxLend Personal Loans has a maximum loan amount of just $2,500.
• Hard credit pull required. You can't check your rates or see if you prequalify for MaxLend Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
• No origination fee. MaxLend Personal Loans does not charge a loan origination fee.
• Short loan terms. MaxLend Personal Loans offers loan terms as short as 6 months. Most personal loans have a minimum term of 12 to 36 months.
• Minimum income of $10,200. You will need an annual income of at least $10,200 to apply for MaxLend Personal Loans, which is below average for the lenders in our database

MaxLend Personal Loans Pros and Cons:

What rates and terms does MaxLend Personal Loans offer?

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

What fees does MaxLend Personal Loans charge?

What do you need to qualify for MaxLend Personal Loans?

When it comes to credit scores, Makes Cents Inc. doesn't have a set minimum or maximum. People with all types of credit can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for personal loans with MaxLend Personal Loans, applicants need a minimum annual income of $10,200 or higher. MaxLend Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the MaxLend Personal Loans product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by MaxLend Personal Loans. Permanent resident / green card holders are also eligible to apply.

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

• Applicants must have an active and valid checking account
• Recent pay stubs

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

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