Where does MaxLend do business?
MaxLend is a direct lender based in Parshall, ND. The company was founded in 2016 and offers personal loans to borrowers in Washington, DC and 37 states.
What are MaxLend’s rates?
MaxLend offers personal loans with APRs starting at 471.78% and up to 841.45%.
Does MaxLend charge an origination fee?
Yes, MaxLend charges a loan origination fee .
Does MaxLend charge prepayment penalties?
No, MaxLend does not charge prepayment penalties. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow from MaxLend?
Loan amounts start at $100 and go up to $1250
What is the maximum loan term for a MaxLend personal loan?
MaxLend offers personal loans with terms of up to 6 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments affordable. However, the longer the term of your loan, the more interest you will pay.
What is MaxLend’s eligibility criteria?
MaxLend only considers applicants who have a credit score of at least 300 to apply.
Active duty servicemembers and their covered dependents cannot apply for a loan with MaxLend. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
Only U.S. citizens can apply for a loan.
To qualify, applicants must provide the following documentation:
- Recent pay stubs
You must have a job to qualify for a loan.
What is the estimated funding time for a MaxLend personal loan?
MaxLend will typically provide a credit approval decision in less than hour and fund the loan within the same day.