MoneyLion Plus Personal Loans
MoneyLion Plus Personal Loans Claimed

MoneyLion Plus Personal Loans

SuperMoney Net Recommendation Score +35  


This product is mostly recommended by SuperMoney users with a score of +35, equating to 3.7 on a 5 point rating scale.


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.

Mostly recommended

217 users recommend
17 users are unsure
100 users don't recommend
Explore a similar product
Try this top product in Personal Loans.
Spotloan 22 reviews
Community Rating Mostly recommended
APR  (Fixed APR) 5.99% - 29.99%
Loan Amount Starting at $1,000
Loan Term (Months) 1 - 36 months
Number of Reviews 334

MoneyLion Plus Personal Loans Review

What is MoneyLion Plus Personal Loans and where is it located?

MoneyLion Plus Personal Loans is offered by MoneyLion Inc., a direct lender founded in 2013 and based in New York, NY. MoneyLion Plus Personal Loans is offered in 45 states (and Washington, DC).

What rates and terms does MoneyLion Plus Personal Loans offer?

MoneyLion Plus Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What personal loan APRs does MoneyLion Plus Personal Loans offer?

MoneyLion Plus Personal Loans offers a fixed APR personal loan product that ranges from 5.99% APR up to 29.99% 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 MoneyLion Plus Personal Loans?

Loan amounts start at $1,000.

What can a personal loan from MoneyLion Plus Personal Loans be used for?

Personal loans from MoneyLion Plus Personal Loans 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 Plus Personal Loans?

MoneyLion Plus Personal Loans 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.

MoneyLion Plus Personal Loans Rates & Terms
Loan Amount Starting at $1000
Loan Term 1 - 36 months
APR 5.99% - 29.99%

What fees does MoneyLion Plus Personal Loans charge?

Does MoneyLion Plus Personal Loans charge an origination fee?

MoneyLion Plus Personal Loans charges a loan origination fee of 0% to 6% of the loan amount. MoneyLion Plus Personal Loans 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 Plus Personal Loans charge a late fee?

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

Does MoneyLion Plus Personal Loans charge prepayment fees?

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

Can you refinance a MoneyLion Plus Personal Loans loan?

Yes, you can refinance a MoneyLion Plus Personal Loans. You can refinance practically any personal loan if you find another lender willing to lend you the balance on your loan. However, MoneyLion Plus Personal Loans does not charge a prepayment penalty, which makes it easier to find a refinancing loan that will save you money.
MoneyLion Plus Personal Loans Fees
Origination Fee 0% - 6%
Prepayment Fee? No
Late Payment Fee $25

What do you need to qualify for MoneyLion Plus Personal Loans?

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

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

The minimum age to be eligible is 18 or the state minimum, whichever is higher.

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

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. Active duty service members and their covered dependents are eligible to apply for a loan via MoneyLion Plus Personal Loans. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

What is the minimum credit score for MoneyLion Plus Personal Loans?

Applicants with a credit score of at least 560 and up to 720 are eligible for MoneyLion Plus Personal Loans.

Does MoneyLion Plus Personal Loans verify employment?

Yes, all lenders are required to verify at least a portion of applicants who use their employment as a source of income to comply with "Know Your Customer" laws.

How does MoneyLion Plus Personal Loans verify income?

Lenders typically don't disclose details about their employment and income verification process. However, they are not allowed to ask your employer for your income unless you sign a form authorizing it. Instead, lenders will typically verify income by requesting documents, such as paystubs, W-2 forms, or other tax records that confirm the income stated in the loan request.

MoneyLion Plus Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted Individual Applications
Credit Score 560 - 720

How long does MoneyLion Plus Personal Loans take to deposit money?

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

Does MoneyLion Plus Personal Loans report your account activity to credit bureaus?

Yes, MoneyLion Plus Personal Loans reports your account activity to the following credit reporting agencies:

  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

MoneyLion Plus Personal Loans 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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From MoneyLion

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

Message From Our Editor

What we love about MoneyLion Personal Loans

MoneyLion is a financial technology company that uses a proprietary model to determine lending risk. That means that it is often willing to offer loans to people that have trouble with borrowing money from traditional lenders.

While MoneyLion tends to target those with good credit, people who apply for a loan are also automatically considered for a loan from LionLoans. These loans are easy to qualify for but come with higher interest rates.

The company offers a low minimum loan amount, so only if you only need to borrow a small amount, MoneyLion may be able to help you.

What could MoneyLion Personal Loans do better?

A major drawback of MoneyLion Personal Loans is that there isn’t a lot of flexibility when it comes to the term of the loan. Many competitors offer more term options, making it easier for borrowers to customize their monthly loan payments.

Another drawback is that the company’s loans tend to have higher interest rates than the competition, even for people who are well-qualified. These higher rates are on top of an origination fee, which further increases the cost of the loan.

MoneyLion Personal Loans does not operate in all fifty states, so borrowers outside of its service area will need to find another lender to work with.

MoneyLion Personal Loans’s backstory

MoneyLion is a New York-based lender that was founded in 2013. On top of its loans, the company offers mobile banking and automated investing services.

The Verdict

People with good credit will likely get a better deal from a different lender. If you have poor credit, applying for a loan from MoneyLion gives you a good chance of qualifying, but the interest rates and fees may make the loan too expensive to be worth getting.


About MoneyLion Plus Personal Loans

Icon for Personal Loans
View all personal loans offered by MoneyLion Inc.


  Available in 45 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Washington, DC
  • 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
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

Late Fee Amount $25
Late Fee Grace Period 15 days
No Prepayment Fee
Origination Fee (%) 0% - 6%
Checking Account Required
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Annual Income $36,000
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Income
Credit Score Range 560 - 720
Approval Speed 24 hours
Credit Bureau Reporting TransUnion
Funding Time Range 1 - 3 days
Payment Options Automatic Payments
Pre-Qualified Soft Credit Inquiry
APR Type Fixed APR
Loan Amount Starting at $1,000
APR (Fixed APR) 5.99% - 29.99%
Loan Term 1 - 36 months

MoneyLion Plus Personal Loans Community Reviews


Would you recommend MoneyLion Plus Personal Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)


This product is mostly recommended by SuperMoney users with a score of +35, equating to 3.7 on a 5 point rating scale.


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.

sorted by

Other Personal Loans

MoneyLion Inc. Personal Loans