Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
5.99% - 35.99%(Verified 06/21/2024)
Amount Range
$100 - $5,000
Loan Term (Months)
2 - 72
Motive Personal Loans Review
Motive Personal Loans is offered by Motive Loan, a nonbank financial services provider founded in and based in Grandville, MI. Motive Loans are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 5.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Motive Personal Loans are on the lower end of the spectrum.
- Origination fees of 3% to 10%. 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. Motive Personal Loans have loan terms as short as 2 months.
- Super long loan terms. Motive Personal Loans offers loan terms of up to 72 months. Most personal loans have a maximum term of 60 months.
Motive Loans Pros & Cons
| Pros | Cons |
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Motive Loans FAQ
What interest rates and personal loan terms does Motive Loans offer?
Motive Loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Motive Loans offer?
Motive Loans offers a fixed APR personal loan product that ranges from 5.99% APR up to 35.99% APR.
How much can you borrow via Motive Loans?
Personal loan amounts start at $100 and go up to $5,000
What is the maximum loan term you can get with Motive Loans?
Motive Loans offers loans with terms of up to 72 months.
| Personal Loan Amount | $100 - $5000 |
| Loan Term | 2 - 72 months |
| APR | 5.99% - 35.99% |
What fees does Motive Loans charge?
Does Motive Loans charge an origination fee?
Motive Loans may charge a personal loan origination fee of 3% to 10% of the personal loan amount . Motive Loans deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does Motive Loans charge a late fee?
Motive Loans does not disclose whether it charges late payment fees.
Does Motive Loans charge prepayment fees?
No, Motive Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | 3% - 10% |
| Prepayment Fee | N/A |
| Late Payment Fee | No |
What do you need to qualify for Motive Personal Loans?
Applicants with a credit score of at least 500 and up to 850 may be eligible for Motive Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Motive Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Motive Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | 500 - 850 |
Does Motive Personal Loans report your account activity to credit bureaus?
Yes, Motive Personal Loans reports to the following credit bureaus:
- Equifax
- Experian
- 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 build your credit.
Does Motive Loan perform a hard credit pull?
Yes, Motive Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed