Where does MaxLend do business?

MaxLend is a direct lender based in Parshall, ND. It was founded in 2016 and offers access to personal loans in 38 states (and Washington, DC).

What range of rates does MaxLend offer?

MaxLend offers personal loans with APRs starting at 471.78% and up to 841.45%.

Does MaxLend charge an origination fee?

No, 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.

How much can you borrow from MaxLend?

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

What is the maximum loan term for a MaxLend personal loan?

MaxLend offers personal loans with a maximum term of 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.

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.

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
  • 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 as soon as 1 business day of approval.

    • Max Loan Term (Months)
    • Institution Type
      Direct Lender
    • Bank Account Required?
    • Credit Score Range
      300 - 850
    • Employment Statuses Considered
      • Employed Full-Time
      • Employed Part-Time
      • Other
      • Retired
      • Self-Employed
      • Unemployed
    • Immigration Status Considered
      • U.S. Citizen
      • U.S. Permanent Resident
    • Joint Loan Applications Accepted
      Only Individual Applications
    • Military Status
      • Non-Military
      • Veterans
    • Minimum Age
    • Minimum Annual Income
    • Supported Income Types
      • 1099 Misc. Income
      • Cash / Other
      • Direct Deposit (W2, SSA, SSDI)
      • Payroll Check or Prepaid Card
    • Verification Documents Required?
      Recent Pay Stubs
    • No Origination Fee
    • No Prepayment Fee
    • Approval Speed (Hours)
    • Funding Time Range (in days)
      1 - 3
    • Loan Term Range (Months)
      6 - 12
    • Payment Options
      Automatic Payments
    • Loan Amount
      $100 - $2000
    • APR
      471.78% - 841.45%
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