Honest Loans Review

Written by human
Written by Abraham Jimoh

- Jul 6, 2025

Our take on Honest Loans in 30 seconds

Honest Loans operates as a loan matching service focusing on high-interest installment and payday loans.

While they offer a streamlined application process, borrowers should be cautious as their information will be shared with multiple lenders. The advertised rates starting at 5.99% are likely available only to those with excellent credit, with most borrowers receiving significantly higher rates.

Consider exploring more transparent alternatives with direct lenders before using this service.

Read the full review

This company is not recommended

Compare better options

Pros & Cons

  • A lending marketplace with a wide network of lenders.

  • No application fees. No origination fees. No prepayment fees.

  • Apply in minutes, get a decision within 24 hours, and get funded as soon as the next business day (if approved).

  • No online chat feature

  • Relatively high APRs

Honest Loans At glance

Read reviews ()

Company name

Honest Loans

Website

https://www.honestloans.net/

Phone

1-888-718-9134

Pricing

As a payday/installment loan broker, they connect borrowers to lenders with typically high interest rates. While they advertise rates starting at 5.99%, most customers likely receive much higher rates approaching the 35.99% cap.

Customer Support

Limited contact options with no live chat or toll-free helpline. Based on typical practices in this industry segment, customer support is likely minimal with slow response times to inquiries.

Terms and Flexibility

Standard terms for a loan matching service with repayment options up to 72 months. Lacks transparency about specific lender terms until after application, and may share your information with multiple lenders.

Customer Experience

Quick application process but limited transparency about who will receive your information. As a loan matching service rather than direct lender, they pass your information to multiple potential lenders who may contact you repeatedly.

Get started

Details

Loan

Terms & Fees

Loan amount$100 - $50,000
Term6 months - 6 years
Annual interest rate5.99% - 35.99%

Requirements

Minimum age18
National bank requiredYes
National phone number requiredYes
Citizenship requiredYes
Electronic identificationNo

Features

Revocation periodNo
Accept bad credit historyYes
Weekend payoutNo
Loan extensionsNo
Early paybackNo
Payment within 24 hoursYes
Loan brokerYes
Interest free loanNo

Additional fields

Payment hoursAlways Open
Recommended companyNo

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, 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⭐⭐⭐⭐

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. 

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 

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 Rates Honest Loans

At Financer, 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. T

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:

LenderLoan AmountAPRMax. Loan TermBad Credit?
PersonalLoans.com$500 – $35,0005.99-35.99%Up to 6 yearsYes
BadCreditLoans$500 – $5,0005.99-35.99%Up to 2 yearsYes
CashUSA$500 – $10,0005.99-35.99%Up to 6 yearsYes
Fast5KLoans$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 from verified users below.

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

Our Commitment to Transparency

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.

Latest Reviews

No reviews

Other similar companies

Lending For Bad Credit

4.8

5KFunds

3.5

PersonalLoans.com

3.7

CashNetUSA

2

Join Financer Stacks - Your weekly guide to mastering money basics, stacking extra income, and creating a life where money works for you.