Honest Loans Review - Are They Really That Honest? Find Out in Our Review

— Review updated Oct 2025

- Oct 29, 2025

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 higher rates, closer to the 35.99%.

Consider exploring more transparent alternatives with direct lenders before using them.

Read the full review

This company is not recommended

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Honest Loans At glance

Popularity

The popularity score indicates the percentage of customers choosing this company the last 90 days.

Customer Experience

100

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.

Company name

Honest Loans

Website

https://www.honestloans.net/

Phone

1-888-718-9134

Pricing

Interest rates range from 5.99% to 35.99% APR, with most borrowers likely receiving rates on the higher end. Additional fees may apply depending on the connected lender, making overall costs significantly higher than traditional lending options.

Customer Support

HonestLoans receives mixed to negative reviews from customers. Some appreciate the quick and simple application process but many express frustration with the lack of transparency regarding interest rates and loan terms before submitting personal data

Terms and Flexibility

As a loan connection service, terms vary by lender but are generally disclosed before signing. Repayment flexibility is average, with standard installment options. The platform is transparent about being a connector rather than a direct lender.

Pros & Cons

Quick Application Process: Honestloans.net offers a streamlined online application process that can be completed in minutes, with minimal documentation required, making it convenient for borrowers seeking fast access to funds.
Fast Funding Options: The platform advertises the possibility of receiving funds as quickly as the next business day after approval, which can be beneficial for those facing urgent financial needs.
Loan Matching Service: Rather than being a direct lender, Honestloans functions as a loan matching service that connects borrowers with multiple potential lenders, increasing the chances of finding a loan option that matches their needs.
Accessibility for Bad Credit: The service appears to cater to borrowers with less-than-perfect credit scores who might have difficulty obtaining loans through traditional banking institutions, providing financial options for underserved consumers.
No Obligation to Accept: According to reviews, borrowers can review the loan terms and conditions presented by potential lenders before making a commitment, giving them the opportunity to make informed decisions about whether to proceed.

High Interest Rates: As a platform specializing in loans for people with bad credit, the interest rates offered through Honestloans are significantly higher than traditional personal loans, potentially leading to substantial long-term costs.
Limited Transparency Before Application: Multiple reviews indicate that specific loan terms, interest rates, and fees are not disclosed until after the application process, making it difficult for borrowers to compare loan offers with other providers

Details

Loan Honest Loans

Terms & fees

Loan amount$100 - $50,000

Term6 months - 6 years

Annual interest rate5.99% - 35.99%

Origination feeVaries by lender (0.99%-9.99%)

Monthly fees$0

Requirements

Minimum age18

Minimum income$0

National bank requiredNo

National phone number requiredYes

Citizenship requiredYes

Electronic identificationYes

Features

Cosigner possibleNo

Revocation periodYes

Accept bad credit historyYes

Weekend payoutNo

Loan extensionsYes

Early paybackYes

Payment within 24 hoursYes

Loan brokerYes

Interest free loanNo

Additional fields

Payment hoursAlways Open

Approval rate80%

High approval rateNo

Credit check companyExperian, TransUnion, Equifax

Recommended companyNo

Get started

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:

Category	Rating
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:

Lender	Loan Amount	APR	Max. Loan Term	Bad Credit?
PersonalLoans.com	$500 – $35,000	5.99-35.99%	Up to 6 years	Yes
BadCreditLoans	$500 – $5,000	5.99-35.99%	Up to 2 years	Yes
CashUSA	$500 – $10,000	5.99-35.99%	Up to 6 years	Yes
Fast5KLoans	$500 – $35,000	5.99-35.99%	Up to 5 years	Yes

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.

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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.

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