The listings featured on this site are from companies from which this site receives compensation. This influences where, how and in what order such listings appear on this site.
Adv Disclosure
We aim to provide valuable content and useful comparison features to our visitors through our free online resource. It's important to note that we receive advertising compensation from companies featured on our site, which influences the positioning and order in which brands (and/or their products) are displayed, as well as the assigned score. Please be aware that the inclusion of company listings on this page doesn't imply endorsement. We don't feature all providers available in the market. Any information presented on this page, including pricing, is subject to change without notice. We want to emphasize that we disclaim all representations and warranties concerning the accuracy of the information provided on this site, unless otherwise explicitly stated in our Terms of Use.
Close
LoansUnder36 In-Depth Review
In a nutshell: LoansUnder36 connects borrowers with a network of hundreds of lenders, providing funding for people who need quick cash.
LoansUnder36 In-Depth Review
In a nutshell: LoansUnder36 connects borrowers with a network of hundreds of lenders, providing funding for people who need quick cash.
LoansUnder36 In-Depth Review

Overview

LoansUnder36 provides funding for people who need quick cash for up to $35,000, whether to pay for a wedding, vacation, home improvements or any other personal reason. Their aggregate service connects borrowers with a network of hundreds of lenders, and even those with low credit can qualify for a loan with LoansUnder36.

Prospective customers can submit their applications in minutes before receiving a list of offers to choose from. As the name suggests, loans available through this service do not exceed 35.99% APR or $35,000, and those with good credit can qualify for rates as low as 5.99%. Throughout the process, the LoansUnder36 staff stands to guide borrowers through shopping for, accepting, and paying off a loan.

Requirements

LoansUnder36 requirements are flexible compared to other personal loan providers. Because LoansUnder36 doesn’t have a credit limit, even those with bad credit can qualify for a loan. Of course, the available rates and repayment terms will depend on a person’s credit and other financial-related factors such as employment history and income. Some of the other conditions to qualify include:

  • Must have a bank account – Checking Account preferred
  • Must be 18 years old
  • Must be a U.S. citizen
  • Must have a regular source of income

Loan Process

All in all, customers can get through the initial application process in a matter of minutes. LoansUnder36 accepts online applications through their website and requests information such as loan amount, bank account information, and driver’s license number. LoansUnder36 will ask for some personal and financial information but strictly uses this data for the sake of finding the right loan. All information remains encrypted and private.

After filling out the form, it takes several minutes to process. After that, LoansUnder36 will come back with a list of loan offers. Because LoansUnder36 has a broad network of hundreds of lenders, customers can choose from different loan products with varying APRs and repayment terms. Once you choose your loan, you’ll need to provide a bit more information before accepting the offer.

Loan Terms

LoansUnder36 has a broad network of lenders so that customers can choose from a range of loans and repayment terms. Available loan amounts range between $500 up to $35,000. Although $35,000 may seem like a lot, most other lending sites will allow for much higher loans.

LoansUnder36 rates depend on the applicant’s qualifications including credit score and income. Those applying for a loan with low credit will likely qualify for loans with a higher APR closer to 35%. However, those with good credit can get a substantially better rate as low as 5.99%. Repayment periods range from 61 days up to 72 months.

Customer Support

LoansUnder36 boasts a highly responsive service team, and customers can expect to hear back within just a few minutes after contacting them or submitting an application. Customers can get in touch by email or post. The website offers some information to help prospective borrowers get started, but overall, the help center and FAQ are limited to just the basics.

Back To Top
Pros
  • Poor credit accepted
  • Hundreds of lenders
  • Flexible terms
Cons
  • Limited online support
FAQs About Personal Loans
Before taking a personal loan be sure you familiarize yourself with all the terms and conditions associated with the loan. To help you get started, we've compiled some of the most frequently asked questions about personal loans below.
What is a personal loan?
Personal loans are loans taken from a lender and paid back by the borrower in fixed monthly installments. These loans can be taken for a wider variety of reasons ranging from home improvement to financing large purchases. Unlike mortgage loans or some types of business loans, personal loans are almost always unsecured, meaning they aren't backed by any collateral.
Can I take a personal loan online?
Absolutely! By using an online personal loan service you save yourself the trouble of arranging meetings with banks and/or credit unions and you can easily compare offers while sitting at home. Furthermore, many online personal loan lenders offer better rates than banks and provide more flexible terms ranging from 61 days up to 180 months. These online personal loan services often function as a middleman between the borrower and the lender. The loan service will connect you with a lender who will make a loan offer specifying the APR and loan terms.
What do I need in order to apply for a personal loan?
Applying for a personal loan is much easier than you might've thought. Many online applications take only a few minutes to complete and don't require many personal details. Usually, loan applications simply require details such as name, address, and contact information, plus some basic questions concerning your financial history, credit score, and income.
What is APR*?
APR stands for annual percentage rate and refers to the annual interest rate charged for your personal loan. Actual APR numbers vary but will always cap at 35.99%. Typically, online lenders will offer an APR somewhere between 5% and 30%. The APR of your loan will depend on various factors such as credit score, income, and financial history. *APR rates mentioned include associated fees.
How long do I have to repay the loan?
Much like APR, the term or length of your loan will depend on a variety of factors. Repayment periods can range from 61 days to 180 months. One of the great things about online personal loan services is they allow you to compare loan terms meaning you can choose a repayment period that best suits your financial goals.
Representative Example
Assuming a loan of $5,000 over 36 months at a fixed rate of 10.5% per annum and fees of $60.00.
This would result in a representative rate of 11.3% APR, with monthly repayments of $162.51, for a total amount paid of $5,910.44.
Back To Top