Last Updated: 04/18/2025
SuperMoney User Recommendation Score +36
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MoneyLion Plus Personal Loans Review
Key Takeaways
- APRs starting at 5.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for MoneyLion Plus Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- Prequalified rate. You can check your prequalified rate at MoneyLion Inc. with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of 0% to 6%. This is on the high end for lenders on SuperMoney's database. Don't forget that these fees are deducted from the loan amount, so take them into account when deciding how much money to borrow.
- Short loan terms. MoneyLion Plus Personal Loans have loan terms as short as 1 month.
MoneyLion Pros & Cons
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MoneyLion FAQ
What interest rates and personal loan terms does MoneyLion offer?
What interest rates does MoneyLion offer?
How much can you borrow via MoneyLion?
What is the maximum loan term you can get with MoneyLion?
| Personal Loan Amount | Starting at $1000 |
| Loan Term | 1 - 36 months |
| APR | 5.99% - 29.99% |
What fees does MoneyLion charge?
Does MoneyLion charge an origination fee?
Does MoneyLion charge a late fee?
Does MoneyLion charge prepayment fees?
| Origination Fee | 0% - 6% |
| Prepayment Fee | No |
| Late Payment Fee | $25 |
What do you need to qualify for MoneyLion Plus Personal Loans?
Applicants with a credit score of at least 560 and up to 720 may be eligible for MoneyLion Plus Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.- Applicants must have an active and valid personal checking account
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Credit Score | 560 - 720 |
What is the estimated funding time for a personal loan via MoneyLion?
Does MoneyLion Plus Personal Loans report your account activity to credit bureaus?
- TransUnion
Does MoneyLion Inc. perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates.Are MoneyLion Plus Personal Loans legit?
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.
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