in Personal Loans

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215 users recommend
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69 users don't recommend
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Where does MoneyLion do business?

MoneyLion is a direct lender based in New York, NY. Founded in 2013, MoneyLion offers access to personal loans in 45 states (and Washington, DC).

What personal loan APRs are offered via MoneyLion?

MoneyLion offers a fixed APR personal loan product that ranges from 5.99% up to 200% APR.

Does MoneyLion charge an origination fee?

Yes, MoneyLion charges a loan origination fee of 0% to 6% of the loan amount. MoneyLion deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does MoneyLion charge a late fee?

Yes, MoneyLion may charge borrowers a late payment fee of up to $25, which is triggered if you're 15 days late.

Does MoneyLion charge prepayment fees?

No, MoneyLion 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 via MoneyLion?

Loan amounts start at $1,000 and go up to $35,000.

What can a personal loan from MoneyLion be used for?

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

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

MoneyLion offers personal loans with terms ranging from 1 to 36 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 MoneyLion?

Applicants with a credit score of at least 560 can apply for a loan via MoneyLion . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify for a MoneyLion loan, applicants need a minimum annual income of $36,000 or higher. MoneyLion only considers borrowers who are employed and meet the minimum income requirement.

Active duty servicemembers and their covered dependents are eligible to apply for a loan via MoneyLion. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.

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

  • Driver's license
  • Applicants must have an active and valid checking account
  • Proof of citizenship or residence permit
  • Recent pay stubs
  • Proof of income

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

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

Does MoneyLion report loan payments to credit bureaus?

MoneyLion may report credit data to the following credit reporting agencies:

  • Transunion
MONEYLION Disclosure: Loans are offered through MoneyLion Inc. subsidiaries. Exempt or Licensed entities include: AL by MoneyLion of Alabama, regulated by AL State Banking Dept, Lic. No. MC22369; AZ by MoneyLion of Arizona LLC; CA by MoneyLion of California, LLC are made or arranged pursuant to California Finance Lenders Law license, regulated by the Department of Business Oversight, State of California; CO by MoneyLion of Colorado, LLC regulated by the CO Dept. of Law,Lic. No. 992157; CT by MoneyLion of Conn., exempt lender; DE by MoneyLion of Delaware LLC regulated by the DE Office of the State Bank Commr. Lic. No. 023961; FL by MoneyLion of Florida regulated by Office of Fin. Reg.; ID by MoneyLion of Idaho LLC, regulated by the ID Dept. of Finance, Lic. No. 96264; KS by MoneyLion of Kansas LLC regulated by the Office of the State Banking Commr., Lic. No. SL26648; LA by MoneyLion of Louisiana LLC regulated by the Commr. Of Fin. Insts., Lic No. 1598991-1394881; MD by MoneyLion of Maryland LLC regulated by the MD Dept. of Lbor, Licensing and Reg., NMLS ID 1658081; MN by MoneyLion of Minn. LLC, exempt lender; MS by MoneyLion of Mississippi LLC regulated by the MS Dept. of Banking and Consumer Finance, Lic. No CA/003361; MO by MoneyLion of Missouri LLC regulated by MO Commr. of Insurance, Lic. No. 510-18-7457; NC by MoneyLion of North Carolina LLC, exempt lender; ND by MoneyLion of North Dakota LLC, ND Dept. of Financial Inst., Lic. No. MB103129; NM by MoneyLion of New Mexico LLC, regulated by Fin. Insts Div. of the ND Reg. and Licensing Dept.; NJ by MoneyLion of New Jersey LLC, exempt lender; NY by MoneyLion of New York LLC, exempt lender; NV by MoneyLion of Nevada LLC, exempt lender; OR by Moneylion of Oregon LLC regulated by the Dept of Consumer and Bus. Svs., Div of Fin. Reg., Lic. No. 0408-001-C; SC by MoneyLion of South Carolina LLC, regulated by the St. Bd. Of Fin. Insts., Lic. No. S-8300; SD by MoneyLion of South Dakota regulated by Dept. of Labor and Reg.; TN by MoneyLion of Tennessee, exempt lender; Utah by MoneyLion of Utah LLC under a Consumer Credit Notification Form, regulated by the Utah Dept. of Fin. Insts.; VA by MoneyLion of Virginia LLC, exempt lender; WA by MoneyLIon of Washington LLC, NMLS No. 1237506, regulated by the Washington St. Dept of Fin. Insts.; WI by MoneyLion of Wisconsin LLC under Loan Company License # 2935, regulated by the Wisconsin Dept. of Fin. Inst.; WY by MoneyLion of Wyoming LLC regulated by the Dept of Audit Div of Banking, Lic. No. 0778.
SUPERMONEY Disclosure: 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...


  • Headquarters
  •   30 West 21st Street 9th Floor
    New York, NY 10010 USA
  •   Visit Site

Message from MoneyLion

Borrow money for even less, all while saving for tomorrow in your own investment account.


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

Feature Breakdown

No Prepayment Fee  
Late Fee After (number of days) 15
Late Fee Amount $25
Origination Fee 0% - 6%
Minimum Age 18
Credit Score Range 560 - 720
850 300 560 720
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Minimum Annual Income $36,000
Bank Account Required?  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Joint Loan Applications Accepted
  • Individual Applications
Verification Documents Required
  • Proof of Income
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $1K - $35K
Loan Term (Months) 1 - 36
APR (Fixed APR) 5.99% - 200%



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