Lenme

Written by human
Written by Lorien Strydom

- Apr 11, 2025

Our take on Lenme in 30 seconds

Lenme offers a convenient peer-to-peer lending platform with a straightforward application process, but falls short on transparency and customer support.

The variable interest rates set by individual lenders can lead to high costs for borrowers.

While the platform may work for some, potential users should carefully review all terms and explore alternatives.

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Pros & Cons

  • Starting at 3% APR

  • Borrow as little as $50

  • Simple and intuitive interface

  • Origination fee of 1% of loan amount

  • Turnaround of one to three business days

Lenme At glance

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Company name

Lenme

Website

https://lenme.com/

Pricing

Lenme charges significantly higher interest rates than traditional lenders, with a 1% origination fee minimum. Borrowers often pay high interest rates set by individual lenders, making total costs unpredictable and potentially excessive.

Customer Support

Response time appears delayed based on user feedback. Many customers report difficulty reaching human support and receiving inadequate assistance with platform issues or disputes between borrowers and lenders.

Terms and Flexibility

Terms are not fully transparent with limited flexibility. Loan applications are reviewed by individual lenders with varying criteria. While the platform meets basic regulatory requirements, user reviews indicate concerns about clarity and flexibility

Customer Experience

The app interface is clean and user-friendly, with quick loan processing. However, many borrowers report inconsistent experiences depending on lenders, and Google Play reviews are overwhelmingly negative.

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Details

Loans Lenme

Terms & Fees

Loan amount$500 - $35,000
Annual interest rate5.99% - 10000%

Requirements

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

Features

Revocation periodNo
Accept bad credit historyNo
Weekend payoutNo
Loan extensionsNo
Early paybackNo
Payment within 24 hoursNo
Loan brokerNo
Interest free loanNo

Additional fields

Payment hoursAlways Open
Recommended companyYes

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