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LendingTree Personal Loans Review


  • Fast loan time process
  • Low interest rates
  • Lowest minimun credit score acceptance


  • Spammed by multiple loan operators
  • No BBB Accreditation

Average Rating: 5

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LendingTree is an online lending marketplace that has been around since 1996.

They connect clients with multiple lenders and help clients find loans, credit cards, savings accounts, and even insurance.

In this article, we will focus on and review LendingTree’s personal loans. Also, you’ll learn the benefits of using LendingTree personal loans.

Without further ado let’s dive in:

  • What Do You Need To Know About LendingTree Personal Loan?
  • What Is Lending Tree’s Personal Loan Eligibility Criteria?
  • Privacy & Security Policy
  • Pros & Cons
  • LendingTree Alternatives
  • Wrap Up
  • FAQs

What Do You Need To Know About LendingTree Personal Loan?

Before getting into LendingTree, first, let’s explain what personal loans are.

In short, it is a process in which you can borrow money for a fixed interest rate in a fixed period from a lender. We can use this kind of loan for buying almost anything and that is why they are called personal, but they are usually unsecured loans.

An unsecured personal loan means that lenders approve the loans based on a borrower’s creditworthiness and they don’t require collateral, such as your house or car.

Now let’s go back to LendingTree and let’s show you what it offers when it comes to personal loans.

  • Loan Amount and Terms

The LendingTree has a utility called Personal Loan Calculator where you can enter and customize the term and loan amount. The standard loan terms they offer are 24 and 60 months and the expected loan amount is between 1,000 and 50,000 US dollars.

  • Monthly Payment

The Personal Loan Calculator will also calculate the monthly payment, considering the loan amount, interest rate, and loan term. The pay-down or amortization of the loans over time is calculated by deducting the amount of principal from each of your monthly payments from your loan balance.

  • APR

When you apply for a personal loan via the platform, they will provide you with five LendingTree personal loan lenders within five minutes. Because LendingTree provides multiple loan lenders, it doesn’t offer its Annual percentage rates (APR), instead, it offers the APRs from the lenders. This way you can compare and choose the most appropriate one from the network of lenders it provides.

The personal loan starting APR rate is 2.49%.

But we note that not all rates may be available in all states because they are based on the loan amount requested and creditworthiness that is determined by the selected lender.

  • Fees and Penalties

LendingTree has no prepayment fees or penalties. But as we previously stated they have multiple lenders and they have different origination, late, or prepayment penalty fees. That is why you need to read your loan terms to see what fees they may apply.

  • Unsecured or Secured Load

LendingTree personal loans are unsecured.

  • Arbitration

If you want to file an arbitration, this process can be finally and only resolved by binding individual arbitration administered by the American Arbitration Association. They arbitrate disputes at a hearing conducted in Charlotte, North Carolina, and under consumer arbitration rules. This means you cannot litigate any such dispute in court, and that you agree to waive your right to a jury trial.

  • Fine Print

The fine print states LendingTree is a Marketing Lead Generator. This means that they will sell your information to third-party lenders.

  • Typical approval and funding time

Using the application and the platform is free, and the application process takes up to 15 minutes. The typical funding time is between 3 to 5 business days, but some LendingTree personal loan customer reviews show receiving the loan within the same day and some up to 7 days.

What Is LendingTree’s Personal Loan Eligibility Criteria?

These are the LendingTree personal loans basic requirements:

  • Years of age: Minimum age 18 years
  • Citizenship: U.S. citizen or permanent resident or living in the U.S. on a valid, long-term visa
  • Minimum Credit score: It doesn’t have a defined minimum score but according to 2020 LendingTree personal loans credit reviews, most lenders will consider loans for those with a credit score of at least 585

Privacy & Security Policy

LendingTree uses completely secured, vetted security measures such as Secure Sockets Layer (SSL) Technology and minimum 128-bit encryption to protect members’ data.

Pros & Cons

Before deciding what loan service provider you should choose, you need to keep in mind these super important factors that essentially answer three questions.

  • Cost – How much will it cost me to lend the money?
  • Spam – Will the online company spams me?
  • Time – How easy is it to apply and qualify for a loan?

One of the biggest advantages is the LendingTree is the rich network of competitive personal loan providers it has. This sounds nice but is a double-edged sword, especially if you made an online account to just check what available loan options they have.

Signing up on the platform means accepting their terms for using their services. After signing up you will get swarmed with calls, texts, and emails by loan operators, even from the ones they do not pair you with. Other legit LendingTree personal loan reviews also show this is the biggest disadvantage it has.

If you are concerned with your personal information, then we suggest using Credible as a service provider.

Other useful information for LendingTree is that they only do soft credit checks, but some of their partner loan officers can do hard credit checks, which will affect your credit score.

LendingTree Alternatives

In this review, we have chosen Lending Club and Credible to compare with LendingTree as the most similar services.

Here is a direct comparison between the competitors.

Provider LendingTree Lending Club Credible
Loan amount $1,000-$50,000 $1,000-$40,000 $1,000 to $50,000
Minimum credit score None 640 680
APR 2.49% – 35.99% 10.68%-35.89% 3.49%-35.99%
Origination fee 1% to 8% 1%-6% No
Hard pull No Yes No
BBB Not accredited A+ A+

All the loan providers offer similar advantages. They are fast online services that enable you to access multiple lenders and flexible rates. Here are the most notable differences between the competitors.


+ The Better Business Bureau has given Credible an A+ rating
+ According to their privacy rules, they will never share your information without your permission
+ No origination fees
– Best for high-interest student loans and private student loans

Lending Club

+ The Better Business Bureau has given Lending Club an A+ rating
– While generating your rates, the company does a soft credit pull, which doesn’t affect your credit score. The company does a hard credit pull once a loan is issued.
Best for debt consolidation and borrowers with good credit looking to check their rates before applying
Personal loans have higher starting rates than loans from many of its competitors.

Wrap Up

We reviewed LendingTree personal loans and the biggest reason to use them as a service it’s because they have a tremendous network of lenders. It is best for comparing multiple offers by filling out one online form for a personal loan.

People who used LendingTree personal loans rate the company’s services high.

You can find the lowest APR rates, lowest minimum credit score acceptance, and depending on the operator you choose from can loan the money for a fast time. For example, if you have a credit score under 600, LendingTree will work with you, while Credible or other competitors will probably reject your application.

Most LendingTree personal loans financial reviews show that this company is a good loaning provider and our overall verdict is the same.


  1. Can I refinance my personal loan?

Refinancing is possible. To have lower interest rates using LendingTree personal loans some borrowers use loan refinancing. They actually take a new loan to pay off one they already have for a lower interest rate.

If you are struggling with variable interest rates, high monthly payments, etc then you can refinance your personal loan. But your creditworthiness and income enable you to get more favorable loan terms.

2. What can I use LendingTree’s personal loan for?

We can use personal loans for a wide variety of needs. You can take personal loans for consolidation of your credit card debt, for buying new things in your house, medical bills, vacation, funding your wedding, etc. You can use them for almost anything but you can’t use them for:

  • Paying a college tuition
  • Funding illegal activities
  • Gambling

3. What is the LendingTree BBB rating? Is it accredited?

From LendingTree personal loan BBB reviews the company is not accredited, we also mentioned this in the LendingTree Alternatives section. If you are concerned with this we suggest using Credible and Lending Club, they are A+ rated from BBB.

But LendingTree personal loans online reviews show positive ratings and high rating scores. Trustpilot has rated LendingTree with 4.5 / 5 stars from 8,782 reviews.

4. Can I get a personal loan online?

Yes, LendingTree is an online marketplace where you can ask for a loan online. You can check from the options that LendingTree offers and get a personal loan via their platform or app. You can loan from 1,000-50,000$ as we stated in a previous section in our LendingTree personal loans review.