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5.0
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 7 Reviews

Interest & Costs

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Flexibility & Terms

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Website & Functionality

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Support & Service

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Features
  • Personal loans from $100 to $50,000
  • Get your funds in 24 hours
  • Online application takes less than 5 minutes
  • No application fees
Pros & Cons
  • A lending marketplace with a wide network of lenders.
  • No application fees. No origination fees. No prepayment fees.
  • No online chat feature
Exclamation Mark Icon Not in partnership with Financer.com.
Chosen 390 times
  • Get up to $100,000
  • Starting at 7%% APR
  • No collateral required
  • Get approved online
Chosen 2,361 times
  • All Credit Types Accepted
  • Easy Online Application
  • Approval decision in minutes
  • Flexible Repayment Terms
Chosen 1,968 times
  • Easy online application
  • 2-Minute approval process
  • Accepts bad and poor credit

Honest Loans Review

If you have less than good credit and need fast funding, a lending marketplace like Honest Loans can help you find offers that suit your current context.

Honest Loans offers a loan comparison service that allows prospective borrowers to apply for a loan in minutes and get a decision within 24 hours. You can choose repayment periods of up to 36 months with APRs starting at 5.99%.

Loan offers start from $100 and goes up to $50,000.

How We Rate Honest Loans

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

CategoryRating
Affordability⭐⭐⭐
Application process⭐⭐⭐⭐
Loan terms⭐⭐⭐⭐
Transparency⭐⭐⭐⭐
Customer support⭐⭐⭐
Overall⭐⭐⭐⭐

Do We Recommend Honest Loans?

Yes, we recommend Honest Loans as a reliable lending marketplace. Skip to our full review below and see how we rate Honest Loans

Want to skip the details? Jump to our final verdict here.

Honest Loans Overview

Honest Loans is a lending marketplace that connects lenders with borrowers. The platform hosts multiple lenders and makes it easy for borrowers to find offers in minutes. 

It’s easy to apply for a loan and there are no prepayment penalties or origination fees. What’s more, the website is user-friendly, easy to navigate, and secure. 

You can apply in minutes and get a decision within 24 hours. If you are approved for a loan, you can get funding as fast as the next business day and choose repayment periods spanning from 6 to 36 months. 

Here’s a quick summary of Honest Loans:

OverviewFeatures
Loan type:Personal loans
Loan amount:$100 to $50,000
Loan term:Up to 72 months
APR:From 5.99%
Min. credit score:None
Monthly fees:None
Payout time:One business day
Weekend payout:No
Requirements:At least 18 years old
U.S. citizen
Active bank account
Regular income
Valid phone number and email

Honest Loans Pros and Cons

Here are some of the pros and cons of Honest Loans as a lending marketplace:

Pros

  • A lending marketplace with a wide network of lenders. 
  • Apply in minutes, get a decision within 24 hours, and get funded as soon as the next business day (if approved).
  • A straightforward application process.
  • No application fees. No origination fees. No prepayment fees. 
  • Loan amounts range from as low as $100 up to $50,000. 

    Cons

  • The process is entirely online.

  • No online chat feature.

  • No toll-free helpline for assistance.

Who Is Honest Loans For?

If you have fair or even bad credit and you are looking for a quick online loan, then Honest Loans is a good consideration. 

By providing access to multiple lenders, the platform gives you a pool of options to choose from. This increases your likelihood of getting the funding you need since different lenders have varying eligibility requirements. 

Although the site states that loan offers range from $100 to $50,000, the platform is most suitable for small emergency loans and cash advances. 

Eligibility Requirements

Here are the qualifying requirements for applying for a loan through Honest Loans:

  • Be at least 18 years old.
  • Be a U.S. citizen.
  • Have an active bank account that accepts direct deposits.
  • Have a regular stream of income.
  • Have a valid contact number and an active email address.

Who It’s For

Honest Loans is for you if:

  • You have a less-than-perfect credit history.
  • Need quick funding.
  • Want to review multiple loan offers.
  • Don’t have collateral.
  • Looking for an online loan. 

Who It’s Not For

Honest Loans may not be a good option for you if:

  • You are looking for a secure loan, mortgage, or auto loan. 
  • You want the lowest APR rates.
  • Need a loan of more than $50,000.
  • You prefer to deal with a lender in person.
  • You don’t want to be contacted by lenders 

How To Apply for a Loan via  Honest Loans

Step 1

Go to the website

Go to the Honest Loans website  
Step 2

Apply for a loan

Start by choosing the amount you require then enter your personal information (name, date of birth, zip code, employment details, banking details, etc). 

 

Step 3

Review your offer

  After filling out the form, the platform will attempt to connect you with a lender. If a lender is found willing to offer you a loan, you can review the terms and choose to go ahead with the application or not. 
Step 4

Receive your funds

If you choose to take the offer, the funds will be deposited into your account as soon as the next business day. 
Chosen 9,464 times
  • Personal loans from $100 to $50,000
  • Get your funds in 24 hours
  • Online application takes less than 5 minutes
  • No application fees
Min Loan Amount200
Max Loan Amount50000
Lowest APR6.00
Highest APR35.99
Min Loan Term1 Month
Max Loan Term5 Years
Accepts bad credit:Yes.
Minimum Age18

What To Consider Before Applying

  • Ensure you understand the costs involved. Research the offers available to you and look for the fees involved (origination fees, prepayment penalties, and late payment fees). 
  • Ensure you understand the terms of the offer before accepting a loan from a lender. The lenders offering loans through the platform have different terms. Remember that Honest Loans is just a marketplace and lenders define the terms of a loan. 
  • A lender offering a loan via Honest Loans might run a hard credit check to see if you qualify for a loan offer. 

Honest Loans Fees

  • APRs range from  5.99% – 35.99%. Although there are no fees for using Honest Loans, lenders offering loans through the platform may charge their own fees. 
  • Contact the lender directly if you are not sure of the loan terms or the fees associated with a loan. 

Honest Loans Payment Terms

Repayment terms for loans offered on the platform vary by lender. Typically, payment terms range from a 61-day minimum to a 72-month maximum. 

Some lenders may allow you set automatic debits to prevent late or missed payments. Ensure you read the terms of the loan before accepting the offer. 

How Financer.com Rates Honest Loans

Is Honest Loans legit? Yes, at Financer.com we recommend Honest Loans.

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

All loan applications are done through their easy-to-navigate website with a simple process that takes less than five minutes to complete. There are NO fees and many lending partners in one location. 

With a wide pool of lending options, you can find loans that fit your current financial context. 

Application Process

Honest Loans has a straightforward application process. The user-friendly interface and simple application process mean you can apply for a loan in minutes and get a decision within 24 hours. If approved, you can get funded as soon as the next business day. 

Costs

As a lending marketplace, Honest Loans does not charge any fees. Keep in mind that lenders offering loans through the platform may charge fees and interest. APRs start at 5.99% and are capped at 35.99%. 

Payments

Repayment terms range from 6 months to 72 months. This is quite similar to terms offered by most short-term lenders in the US. 

Customer Service

Honest Loans takes privacy seriously by ensuring that information entered on the site is encrypted and protected from unauthorized access. Keep in mind that Honest Loans – like other lending marketplaces – shares user information with partners in its network. 

Honest Loans FAQs

What is Honest Loans?

Honest Loans is a lending marketplace that allows you to get fast funding by comparing offers from multiple lenders. 

Is my personal information secure?

Honest Loans takes privacy seriously by ensuring that information entered on the site is encrypted and protected from unauthorized access. Your personal information is protected with 256-bit bank-level SSL encryption.

How long does it take to get a loan through Honest Loans

If your loan application is approved, you can get funded as soon as the next business day. 

Honest Loans Alternatives

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

LenderReviewsLoan AmountAPRMax. Loan TermBad Credit?
PersonalLoans.comView$500 – $35,0005.99-35.99%Up to 6 yearsYes
BadCreditLoansView$500 – $5,0005.99-35.99%Up to 2 yearsYes
CashUSA.comView$500 – $10,0005.99-35.99%Up to 6 yearsYes
Fast5KLoansView$500 – $35,0005.99-35.99%Up to 5 yearsYes

Should you take a loan with Honest Loans?

Honest Loans is a legitimate lending platform where borrowers can get personalized loan offers. The platform features multiple lenders allowing you to compare multiple options and easily find offers that suit you. 

Read more Honest Loans reviews from customers below or add your own.

More User Reviews – Add Your Rating

Read more reviews on Financer.com from verified users below.

Have you used Honest Loans before? Leave your review now.

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At Financer.com, we're committed to helping you with your finances. All our content abides by our Editorial Guidelines. We are open about how we review products and services in our Review Process and how we make money in our Advertiser Disclosure.

Reviews of Honest Loans

Honest Loans is rated 28 out of 179 companies in total rating and got an average review score of 5 based on 7 reviews. Their weakness is Interest & Costs and their strength is Support & Service.
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JW
John Wick 3 reviews | October 22, 2024
General Review
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Upsides
THANK YOU WEST
Downsides
I fell for an online investment scam that almost messed my credit report up because I ran into debts, but thank God for HACKWEST AT WRITEME COM who didn't just help in recovering the money but also increased my credit score and fixed my report. I now have an excellent credit score and I strongly recommend Hack West for everyone in need of hacking services. Hack West is honest and reliable to his word.
Post reply
RW
Rudy Ward 3 reviews | December 22, 2023
General Review
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Upsides
There are no restrictions on what you can use it for. Whether it’s debt consolidation, home repairs, unexpected expenses, or personal needs, HonestLoans provides a lifeline. And thanks to technology, you can get a personal loan swiftly, making financial challenges more manageable.
Downsides
10/10 great company
Post reply
CL
Cory Logan 1 review | December 22, 2023
General Review
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Upsides
The best thing is that HonestLoans accepts loan applications 24 hours a day, 7 days a week. Their network of lenders is open at all times, unlike conventional banks that are only open during business hours. Once you are approved on their site, you will receive instructions on how to finalize your loan with your lender. This makes borrowing fast and simple.
Downsides
Great experience
Post reply
LR
Lloyd Roberson 3 reviews | December 19, 2023
General Review
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Upsides
10/10 - The user-friendly online platform made it easy to navigate, and the step-by-step instructions ensured that I understood every aspect of the loan application.
Downsides
I dont have any cons to report
Post reply
JE
Jesse 3 reviews | December 18, 2023
General Review
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Upsides
The speed at which Honest Loans processed my application was truly impressive. In times of financial need, the last thing one wants is a lengthy waiting period, and Honest Loans delivered on their promise of quick and efficient service. The funds were deposited into my account promptly, allowing me to address my financial concerns without unnecessary delays.
Downsides
Super super!
Post reply
BC
Bradford Campbell 2 reviews | December 18, 2023
General Review
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Upsides
I highly recommend Honest Loans to anyone in search of a trustworthy and efficient financial partner. Their commitment to transparency, quick processing, and excellent customer service sets them apart in the industry. Honest Loans has certainly earned my trust and gratitude, and I will not hesitate to turn to them for my future financial needs.
Downsides
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SP
Shane Pratt 4 reviews | December 15, 2023
General Review
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Upsides
Honest Loans is great! They connected me with a great lender and advised me on the best options when the bank wouldn't loan me the money. I highly recommend their services; their customer service is excellent. I have no complaints
Downsides
Very happy customer
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