LoansUnder36 Review February 2025

If you are looking for a quick loan under $35,000 and have bad credit, then you may want to consider LoansUnder36 - an online lending marketplace that connects borrowers with lenders.

The platform has over 100 lenders and rates start from 5.99% to 35.99%. There is no application fee or minimum credit score required to qualify for a loan offer and funds are released as soon as the next business day. 

How We Rate LoansUnder36 

At Financer.com, all lenders go through a thorough research and review process. Here’s how we rate LoansUnder36:

Here's what we'll cover in this review:

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LoansUnder36 Overview

LoansUnder36 is an online loan broker with more than 100 vetted U.S. lenders offering loans with interest rates under 36%.

These personal loans can be used for a range of personal reasons, such as debt consolidation, business expenses, vacations, or home renovations.

The site offers a quick way to obtain multiple loan offers and is suited for borrowers with bad credit looking for loan offerings under $35,000. 

With LoansUnder36 you can safely compare rates from top lenders without completing lengthy application forms. The process is fast and easy and funds are released as soon as the next business day. 

The platform has over 100 lenders offering unsecured personal loans from $500 to $35,000. 

Here's a quick summary of 5KFunds:

Loans can be used for a range of personal reasons, such as debt consolidation, business expenses, vacations, or home renovations.

LoansUnder36 APRs range from 5.99% to 35.99%.

LoansUnder36’s safe and secure online application process matches you with possible lenders and you can review offers before applying.

Want to find out more about their loans? Read our LoansUnder36 review below or view LoansUnder36 reviews from customers.

LoansUnder36 Pros and Cons

Here are some of the pros and cons of LoansUnder36:

Pros

• Ideal for borrowers who don't have perfect credit

• All loans come with APRs of under 36%

• Wide range of loan amounts up to $35,000

• Quick and safe online application process

• No impact to your credit score to check loan offers

• No minimum credit score needed to apply

• Flexible repayment terms up to 72 months

• Multiple customer support options

• Fast funding to your bank account in one business day

LoansUnder36 is a lender that offers borrowers with bad credit the ability to get loan offers from multiple US lenders online. APRs are capped at 36% so this is a great alternative to applying for payday loans.

The online application process is very fast and easy - similar to other online lenders - making this an easy and affordable way of obtaining bad credit loans.

Cons

• Specific eligibility requirements not listed as it varies by lender

• Not availablein New York, Vermont, West Virginia, and Alaska

• Not a direct lenderso loan terms can't be guaranteed

The only real drawback is that LoansUnder36 is not available in all US states. However, there are many lenders that offer loans throughout all states.

Who is LoansUnder36 For?

LoansUnder36 is most suited for borrowers with bad credit looking for loan offers under $35,000.

Eligibility Requirements

Since there are different eligibility criteria and terms for each lender, no specific eligibility criteria are listed, LoansUnder36’s secure platform offers flexibility and allows you to compare loan offers from lenders side by side.

At a minimum, borrowers must:

• Be at least 18 years or older

• Have a valid driver's license or state ID

• Have a bank account

• Have a valid Social Security Number

• Have a minimum monthly income of $2,000

Who It’s For

LoansUnder36 may be a good option for you if:

• You need a quick loan under $35,000

• You have less than excellent credit

Who It’s Not For

LoansUnder36 may not be a good option for you if:

• You need a loan above $35,000

• You have excellent credit

How To Apply for a Loan from LoansUnder36

Applying for a LoansUnder36 loan is a simple and easy process. Here are the steps:

What To Consider Before Applying

• How much you need: Loans offered on LoansUnder36 range from $500 to $35,000.

• Your credit score: LoansUnder36 is best suited for people with poor or bad credit. If you have excellent credit, you will qualify for loans with better offers than those offered on LoansUnder36.

LoansUnder36 Fees

• APRs vary between 5.99% and 35.99%. 

• There are no usage fees or other hidden fees. The platform is free of charge.  

• Some lenders may require an origination fee, but this will be disclosed with the loan offer so you know upfront what the total loan costs would be.

LoansUnder36 Payment Terms

There are multiple repayment options; for e.g., if you only need a short-term loan you can repay the loan as fast as 61 days, with daily or weekly loan payments.

If you prefer a more extended repayment period, you can choose a personal loan term that lasts up to 72 months.

How Financer.com Rates LoansUnder36

Is LoansUnder36 legit? Yes, LoansUnder36 is legit.

At Financer.com, all companies go through a thorough research and review process. We don’t make recommendations lightly.

Here at Financer.com, our general opinion of LoansUnder36 is a neutral one. 

Although LoansUnder36 has been around for a while and has a broad network of lenders, it has racked up a number of negative reviews over the years. 

Application process

Applying for a loan through LoansUnder36 is a pretty simple process. All you have to do is fill out an online application and you will be presented with offers you qualify for. 

Costs

With LoansUnder36, all loans come with APRs between 5.99% and 35.99%. There are no application fees, prepayment penalties, or hidden fees.

Some lenders may require an origination fee, but this will be disclosed with the loan offer so you know upfront what the total loan costs would be.

Keep in mind that LoansUnder36 can’t guarantee specific interest rates since loan terms will be set by the specific lender. Your interest rate will be based on your credit assessment and financial history.

Depending on the lender you take out your loan with, there may be late fees when you skip a loan payment. Some lenders may be forgiving if you contact them directly if you feel you’ll have trouble making payments.

Payments

Loans offered on the platform come with multiple payment terms that range from 61 days to 72 months. 

Customer Service 

LoansUnder36 offers customer support through multiple channels that include email, phone, and a ticket system on their website.

Privacy and Security 

LoansUnder36 Review claims that it uses industry-standard encryption to secure data on the site. 

LoansUnder36 Alternatives

Here’s a list of alternatives to LoansUnder36 and how they compare:

Should you take a loan with LoansUnder36?

LoansUnder36 allows you to compare rates from top lenders without having to complete lengthy application forms.

What's more, borrowers with all kinds of credit profiles, even those with low credit scores.

With more than 100+ verified lenders, borrowers have access to a reliable network of lenders that can provide loan offers in as little as two minutes.

Applying takes only a few minutes and funds can be paid to your bank account as soon as the next day.

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