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LendGenius Personal Loans Review

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Founded in 2016, the California-based LendGenius is an online marketplace that connects potential borrowers to partnered lenders that offer personal and business loans. LendGenius serves borrowers of all types, even those with a bad credit history. The company’s vast network of lenders provides many options for different needs, with a quick application and approval process that can provide much-needed funds in 24 hours.
 
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How is LendGenius rated?

Breakdown

4.9/5
Flexibility
5.0/5
Interest Rates
5.0/5
Discounts & Fees
4.9/5
Customer Service and Reputation

Overall Rating: 4.8 / 5 (Excellent)

LendGenius provides numerous options for personal loans. Customers fill out a form and LendGenius connects them to partnered lenders that offer rates and terms to best suit their needs. Borrowers can connect with lenders in as fast as five minutes and, if they decide to accept a lender’s offer, can complete the funding in as little as one day. For simplicity and quickness, LendGenius is a sure bet.

LendGenius Loan Specifics

Loan Specifics - 5 / 5

Most of the lenders in LendGenius’s network offer personal loans between $1,000 and $5,000, with the possibility of higher loan amounts depending on the borrower’s qualifications and lender’s availability.

. Among the types of personal loans offered are installment, unsecured, secured, and bad credit loans. These loans can be used for whatever the borrower wants, including debt consolidation, emergency expenses, home improvements, large purchases, starting a business, or paying taxes.

Depending on the lender, there are many alternatives for borrowers who need cash quickly. Short-term loans for low amounts and with a rapid payback time of two weeks, personal lines of credit, and auto title loans are just some other options borrowers may find.

Everything, including application and approval, is done completely online.

Loan Uses

Debt/Credit Card Consolidation
Buy Home
Major Purchase
Home Improvement
Medical Expenses
Wedding
Moving/Relocation
Vacation
Start Business
Education
Taxes
Loan Minimum
$1,000.00
Loan Maximum
$35,000
Term Length
2 weeks to 3+ years
Direct Deposit
Yes
Pay Creditors Directly
Yes
Decision Time
Depends on Lender
Disbursement Time
Depends on Lender

LendGenius Qualification

Qualifications & Flexibility - 5 / 5

Borrowers must 18 years of age or older, have a valid bank account, show proof of income, and complete additional personal information.

All qualifications will be determined by the lender so LendGenius cannot specify any minimum requirements. Nonetheless, due to LendGenius’s extensive network of lending partners, borrowers with less-than-stellar credit can apply for loans and receive quotes to choose from.
Minimum FICO Score
Depends on Lender
Personal Income Considered
Yes
Education Requirements
Depends on Lender
Debt to Income Ratio
Depends on Lender
Verify Bank Account
Yes
Hard Credit Pull
Yes

LendGenius Cost of Loan

Costs, Interest Rates, Discounts & Fees - 5 / 5

Since LendGenius is a marketplace, it cannot state any fees or costs associated with loan approvals. The service LendGenius offers of matching borrowers with their lending partners is completely free.

Any fees associated with the lending process, rates, required documentation, terms and conditions will be solely based on each lender’s internal policies, which LendGenius has no bearing over.

Qualified consumers will receive loans with APRs no higher than 35.99%, but will be subject to the borrowers qualifications and credit information. The minimum and maximum repayment plans are also determined by the lender and can vary from a couple of weeks for certain types of loans, to over 30 months in some cases.
APR Range
Depends on Lender
Origination Fee
Depends on Lender
Missed Payment Penalty
Depends on Lender

LendGenius Reputation

Customer Service and Reputation - 5 / 5

Type of Institution
Marketplace
Year Founded
2016
Trust Pilot Rating
3.7 out of 5
Date Collected
2021-04-16
Headquarters Address
21600 Oxnard Street, Woodland Hills, CA, 91367
Homepage URL
https://www.lendgenius.com/

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Top Rated
Our Partner
  • Get personalized pre-qualified rates from multiple lenders.
  • 2 Minute Process
  • Loans from $600 - $200,000 
  • Rates from  6.94% - 35.99% APR
  • Loan terms of 1 - 7 years.
  • Rated A+ by the BBB
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