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- Get personalized pre-qualified rates from multiple lenders.
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- Loans from $600 to $200,000
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- Loan terms of 1 - 7 years
- Rated A+ by the BBB
MoneyLion Personal Loans Review
465 Customer Comments & Reviews - see all comments
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MoneyLion is a privately held company based in Sandy, Utah that offers consumers one-stop management of savings, investments, purchasing, credit, and personal loans.
The company uses a membership model of customer relations.
Founded in 2013, the firm has offices in New York, Salt Lake City, San Francisco, and Kuala Lumpur.
The company uses a membership model of customer relations.
Founded in 2013, the firm has offices in New York, Salt Lake City, San Francisco, and Kuala Lumpur.
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465 Customer Comments & Reviews
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Had nothing but the worst experience. Won't loan again, delete my account and membership. My online account was closed after the company made a mistake and sent the money to the wrong checking account. Right after the phone call I had to confirm this mistake I went online to double check my account and I couldn't sign in, merely coincidence? Merely not, why couldn't I sign back in right after the phone call? Sounds like a cover up to me.
Only have been a member for few days now, was hesitant in the beginning, but the way they handled everything was so easy the app is great, money in my account when they said, will be opening checking soon, thank you, now go make me some money.
I thought it was bull! I was wrong.Best application ever! Highly recommend!
Easy to use & good rates. Understand what you’re committing too and it’s excellent!
Very good company.. Blessed to be a part of it.. Very accurate in what they say..
Money lion is great it helped me get a loan and helped me build my credit. And I'm still with them saving and maintaining.
I absolutely love this app. Would recommend to everyone. The loan was easy.
Excellent service. Will recommend to a Friend or family member. Had a wonderful experience.
I had a wonderful experience with the 500$ advanced loan feature. I would pay off and then be able to apply again and receive as needed. I never missed a payment and utilized the feature 5-6 times. I opted to invest in the investment account feature. After Trying to obtain funds in my account and being told multiple incorrect pieces of information on what the balance can have or when I can pull funds. I decided to pay off my last loan and liquidate my investment account with over 330$ dollars. I was told when I cancelled my membership on 7/6 I will received funds in 7-10 business days. I waited and called back 7/14 and was told the actual process had not be started yet but a manager would... Read More
So you want to a MoneyLion Loan? Well.... you have to be a MoneyPlus member to get a loan, you are then required to pay $80 a month as a MoneyPlus member (a fee that is completely hidden by fancy info graphics and clever wording in the sign up process). Here's where they get sneaky. Once you get a loan, you must autopay the member fee of $80 in addition to a loan payment every month on time. Here's where they get even more sneaky. They say $50 of that fee goes into to your "investment account" (more on that later) claiming that you're actually saving money you only end up with $30 as a monthly fee (even though $80 in real money still leaves your bank every month) So.....MoneyLion... Read More
Top Rated
Our Partner
- Get personalized pre-qualified rates from multiple lenders.
- 2 Minute Process
- Loans from $600 to $200,000
- Rates from 6.49% APR - 35.99% APR APR¹
- Loan terms of 1 - 7 years
- Rated A+ by the BBB
Rather, it's a novel attempt to consolidate a number of personal finance management functions into one app and website.
The firm's membership model is structured to encourage consumers to monitor their finances daily.
While this is certainly a creative approach, it's not a very attractive one when it comes to personal loans.
The firm only makes loans to people who have linked savings accounts with the firm--and even then, only offers loans of up to $500.
This raises the question of whether people who already have $500 in savings would be better off in withdrawing that sum from their savings accounts rather than borrowing it at interest.
Given MoneyLion's requirements and its monthly membership fees, consumers who want a loan of $500 or less might want to look elsewhere.