LoansUnder36

LoansUnder36 Overview

LoansUnder36's loan comparison marketplace does exactly what their name suggests by connecting borrowers with a marketplace of 100+ vetted lenders who offer personal loans with interest rates under 36%.

These personal loans can be used for a variety of reasons, including debt consolidation, home renovation, business expenses, vacations, weddings, medical expenses, and more.

LoansUnder36 allows you to safely compare rates from multiple lenders without having to fill out a variety of tedious, time consuming loan applications.

With APRs capped at 36% and loan amounts starting at $1,000, LoansUnder36 is a wonderful alternative to the usual high-cost short-term loans on the marketplace. While it doesn’t list its eligibility requirements (since different lenders have different eligibility criteria and terms), LoansUnder36's platform offers flexibility in comparing loan offers side by side.

LoansUnder36's online network has over a hundred lenders that cater to borrowers with all kinds of credit profiles (even lower credit scores will have options). Their loan amounts range from $500 to $35,000 with loan terms of 61 days to 72 months.

To check what loans you can receive through LoansUnder36, simply fill out the fast and free online LoansUnder36 application.

You must provide some basic personal information through their secure website. This includes your name, phone number, driver's license, and bank account information.

LoansUnder36's safe and secure application process only takes a few minutes to match you to possible lenders. You are under no obligation to choose a loan, so you can go over all these loan terms, amounts, and interest rates before making a final decision.

LoansUnder36 has multiple repayment options. If you are in the market for a short-term loan, you can choose a loan with repayment terms as short as 61 days, on which you make daily or weekly payments. However, if you prefer to have a longer repayment period, you can choose a loan term that lasts up to 72 months.

To put in a free application through LoansUnder36, you simply have to meet the following requirements:

• You must be 18 or older
• You must have a bank account (a checking account is preferred)
• You must be a US citizen
• You must have a steady source of income
• You may also have to provide additional information depending on your lender

Contact LoansUnder36

Email: [email protected] Address: DV Marketing Inc. 759 Bloomfield Ave. #244 West Caldwell, NJ 07006

LoansUnder36 Pros

What are the benefits of using LoansUnder36? With its fast process and the networks low range of APR’s, here are a few perks to using the LoansUnder36 secure connection service:

• Low APR cap: Don’t have the best credit? No problem. LoansUnder36 is here to help you find a lender based on your current financial needs.
• Wide range of loan amounts: Borrow anywhere from $1,000 to $35,000 from one of LoansUnder36 network of lenders. Larger loan amounts usually require applicants to meet stricter eligibility requirements.
• Variety of loan terms: Depending on your lender and the amount of your loan, there are a variety of loan terms. Take anywhere from two months to six years to pay off your loan.
• Quick and safe process: After filling out LoansUnder36’s simple online form, you could be connected to multiple lenders within minutes. Once you are approved for the loan by a lender, you could receive your funds as quickly as the next business day.
• No minimum credit score requirement to apply: LoansUnder36 offers a wide variety of loan options to fit any credit score.
• No credit score impact to check your offers: Consumers can explore loan rates and terms with no effect on their credit score, and there's no obligation to take any loan offers through LoansUnder36.
• Multiple customer support options: LoansUnder36 offers quality customer support via phone, email, or request ticket on their website.
• Great customer service: Customers have stated that representatives were knowledgeable and able to answer any questions thoroughly.
• Receive your cash quickly: Your funds can be directly deposited into your bank account as soon as the next business day.
• Flexible repayment terms: Their loans offer flexible repayment periods for their borrowers, with loan terms lasting from 61 days to 72 months.

LoansUnder36 Cons

Here’s what to consider before using the LoansUnder36 service:

• LoansUnder36 is not a direct lender, so they cannot guarantee loan amounts and terms.
• Although their website offers an FAQ section to answer general questions on loans, they don't offer more information on the loan details, lenders, and lending process.
• LoansUnder36 is a secure website, but they will collect some sensitive and personal data from you, including cookies and activity logs. However, they will not share it without your permission and only share it with third parties that provide loans. You may also choose to opt out of their mailing lists and promotions.
• Eligibility requirements are not listed. LoansUnder36 does not list eligibility requirements because each lender has different eligibility criteria such as employment or banking requirements.
• LoansUnder36 is not available in all 50 states (they currently do not serve New York, Vermont, West Virginia, or Alaska), so you might be in one of the states it does not service. However, with the quick and easy online form, you are mere minutes away from seeing if LoansUnder36 connection service will work for you!
• May check your credit. While LoansUnder36 will not check your credit, some of the lenders in its network might check your credit to determine your eligibility for a loan.
• Waive right to dispute clause. LoansUnder36 is a connection service. While it does connect you to lenders, you are responsible for choosing which lending institution you would like to utilize. That being said, when you use LoansUnder36, you’re signing away your right to seek settlement should damages arise from a lender that you chose.

How does LoansUnder36 work?

LoansUnder36 is a website that helps connect borrowers with personal loans that have APRs under 36%. The site helps people find lenders that offer loans ranging from $500 to $35,000.

The website doesn’t offer loans directly to borrowers. Instead, it has a network of lenders that it works with. When you apply through LoansUnder36’s website, it will try to match you to lenders who will approve your application.

That’s a good thing for borrowers because it gives them a better chance of qualifying after submitting just one application.

Products Offered

LoansUnder36 focuses on one type of loan: unsecured personal loans. You can use the loans that you get from the site for almost anything, including paying an unexpected bill, funding a home improvement project, going on a vacation, or consolidating existing debt.

The minimum loan available through LoansUnder36’s partner lenders is $500, which is a small amount. That means that some of the loans you might be offered will work more like short-term payday loans.

Application Process

LoansUnder36 has an in-depth application process, asking for more information than many other similar sites request.

However, the benefit of this is that it makes getting a loan from one of the site’s partner lenders quicker. All-in-all, there’s a good chance you’ll save time by working with LoansUnder36.

When you apply, you’ll have to provide the following information:

• How much you want to borrow
• Personal identifying info
• Employment information
• Social Security number
• Bank information

Before you apply, keep in mind that LoansUnder36 will initiate a hard pull on your credit when you submit the application. Hard pulls drop your credit score by a few points.

Terms & Requirements

LoansUnder36 does its best to match applicants with lenders that are likely to approve them, but there’s no guarantee that you’ll be able to qualify for a loan. Lenders might deny your application or request additional information before making a lending decision.

One drawback of the fact that the site works with so many lending partners is that it doesn’t have a solid list of requirements to qualify for a loan. There’s no minimum credit score to apply, but that doesn’t mean you can qualify with bad credit.

Though the stated requirements are limited, to be eligible for a loan you must:

• Have an active bank account
• Be 18 years or older
• Have a valid form of ID
• Show proof of income
• Be a US citizen

Similarly, the number of lenders that LoansUnder36 works with means there aren’t standardized terms for the loans you can get through the site. Each lender has its own fee structures and repayment timelines. The only thing that’s universal across the loans is that their APRs are under 36%.

LoansUnder36 Pricing

• LoansUnder36 provides unsecured personal loans, which means that you do not have to put up any collateral like your personal property.
• There are no application fees, hidden fees, or prepayment penalties.
• Loan amounts offered range from $500 to $35,000.
• Loan repayment terms range from 61 days to 72 months.
• APRs are capped at 36% on this network of lenders.
• LoansUnder36 can't guarantee specific interest rates since loan terms, loan amounts, and interest rates are set by their lending partners. All loans have interest rates ranging from 5.99% to 35.99%, and the interest rate you receive depends on your credit score and financial history. * The higher your credit score, the lower your interest rate. If you have a low credit score, you will end up paying a much higher interest rate.
• Your funds are directly deposited to your bank account as soon as the next business day.

For Whom LoansUnder36 is Good?

LoansUnder36 keeps the interest rates of its loans under 36%, but that’s still a very high mark. In general, the loan offers you get through the site will be expensive and targeted at people with less than perfect credit.

That means that LoansUnder36 is ideal for borrowers who have poor or fair credit and who may have gotten denied for loans from other lenders. The fact that the site has multiple lending partners gives these applicants a better chance of qualifying.

Alternatives

If you’re unsure whether LoansUnder36 is the right place to apply for a loan, consider these alternatives.

• 5KFunds. 5KFunds is very similar to LoansUnder36, working with multiple lending partners to help applicants find a willing lender. If you have poor or fair credit, 5KFunds will also give you a good chance of qualifying for a loan.
• Fiona. Fiona, like LoansUnder36, connects borrowers with a network of lenders. The difference between the two is that Fiona focuses on applicants with good credit, meaning the loan offers you get from the site will be less expensive.

Summary

LoansUnder36 works with lenders that keep their APRs affordable and under 36%. This means that you, as the borrower, will not have to worry about a loan that costs you double your borrowed amount in interest!

If you’re in one of the 46 states that LoansUnder36 works in, you have a great tool to securely connect you with lenders who offer loans with flexible repayment terms and amounts. You can compare your no-obligation loan offers, pick the one that best suits you, and receive your funds as soon as the next business day.