If you're looking for a personal loan up to $35,000 and have less-than-perfect credit, LoansUnder36 might be worth a look. It's an online lending marketplace that connects borrowers with a network of 100+ lenders.
APRs range from 5.99% to 35.99%, there's no application fee, and no minimum credit score is required. Approved borrowers can receive funds as soon as the next business day.
That said, LoansUnder36 has a 2.7 out of 5 rating on Trustpilot, and some users have raised concerns about data handling and post-application marketing emails. We break it all down below.
How We Rate LoansUnder36
At Financer, all lenders go through a thorough research and review process. Here’s how we rate LoansUnder36:
| Category | Rating |
|---|---|
| Affordability | ⭐⭐⭐ |
| Application process | ⭐⭐⭐⭐ |
| Loan terms | ⭐⭐⭐⭐ |
| Transparency | ⭐⭐⭐ |
| Customer support | ⭐⭐ |
| Overall | ⭐⭐⭐ |
Do We Recommend LoansUnder36?
We give LoansUnder36 a cautious recommendation. The platform offers a convenient way to compare loan offers from 100+ lenders, and the 36% APR cap provides some protection against predatory rates. However, the low Trustpilot rating (2.7/5) and user complaints about data handling are worth noting. Skip to our full review below.
Here's what we'll cover in this review:
Want to skip the details? Jump to our final verdict here.
LoansUnder36 Overview
LoansUnder36 is an online loan marketplace with more than 100 vetted U.S. lenders offering personal loans with interest rates capped at 36% APR.
These personal loans can be used for debt consolidation, medical bills, home improvements, car repairs, or other personal expenses.
The platform is designed for borrowers with bad or fair credit who need access to loans under $35,000.
With LoansUnder36, you fill out one application and get matched with lenders. You can compare offers side by side without affecting your credit score. If approved, funds are deposited as soon as the next business day.
The platform partners with lenders offering unsecured personal loans from $500 to $35,000.
Here's a quick summary of LoansUnder36:
| Overview | Features |
|---|---|
| Loan type: | Personal loans |
| Loan amount: | $500 - $35,000 |
| Loan term: | 61 days to 72 months |
| APR: | 5.99% to 35.99% |
| Min. credit score: | None |
| Origination fee: | Varies by lender (0-6%) |
| Payout time: | As soon as next business day |
| Availability: | 46 states (not NY, VT, WV, AK) |
| Requirements: | 18+ years old, U.S. citizen or resident, bank account, steady income |
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.
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:
Submit Your Application
Visit LoansUnder36's website to start your online application. Provide basic details such as the loan amount you need, and your contact details.
Review Loan Offers
Once you've received offers from lenders, review the terms and rates, before choosing a loan offer that suits your needs. Once you've selected an offer, complete the application process by providing any additional information that the lender may require.
Receive Funds
You will receive an outcome in mere minutes and if your loan is approved, you will receive your funds to your bank account as soon as the next day.
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.
Example
A loan of $5,000 with an APR of 15.99%, a 3% origination fee ($150), and a repayment term of 36 months would give you 36 monthly payments of approximately $175.85. The total amount repaid would be about $6,330.60, meaning you would pay roughly $1,330.60 in interest and fees over the life of the loan.
How Financer Rates LoansUnder36
Is LoansUnder36 legit? Yes, LoansUnder36 is a legitimate lending marketplace that has been operating for several years.
At Financer, all companies go through a thorough research and review process. We don't make recommendations lightly.
Our general opinion of LoansUnder36 is mixed. The platform connects borrowers with a broad network of lenders, but it has accumulated negative reviews and complaints over the years, including a 2.7/5 rating on Trustpilot. It is also not accredited by the Better Business Bureau (BBB).
Application Process
Applying for a loan through LoansUnder36 is straightforward. Fill out a single online application with your basic financial information, and you'll receive matching loan offers within minutes. Checking offers does not affect your credit score.
Costs
All loans on the platform come with APRs between 5.99% and 35.99%. There are no application fees, prepayment penalties, or hidden charges from LoansUnder36 itself.
Some lenders may charge an origination fee (typically 1-6% of the loan amount), but this is disclosed with the offer so you know the total cost before accepting.
Keep in mind that LoansUnder36 cannot guarantee specific interest rates since loan terms are set by the individual lender. Your rate depends on your credit profile, income, and financial history.
Late fees may apply depending on your lender. If you expect trouble making a payment, contact your lender directly as some offer hardship accommodations.
Payments
Repayment terms range from 61 days to 72 months, depending on the lender and your loan amount.
Customer Service
LoansUnder36 offers customer support through email, phone at (800) 884-8067, and a ticket system on their website. Response quality has been inconsistent in our experience.
Privacy and Security
LoansUnder36 states that it uses industry-standard 256-bit encryption to protect user data. However, some Trustpilot reviewers have raised concerns about receiving excessive marketing communications after submitting an application.
Frequently Asked Questions
How much can I borrow from LoansUnder36?
You can borrow from $500 up to $35,000 through LoansUnder36. The actual amount you qualify for depends on the lender you are matched with, your credit profile, and your income.
Can I qualify for a loan with bad credit?
Yes. LoansUnder36 has no minimum credit score requirement, making it accessible to borrowers with bad or fair credit. However, your credit profile will affect the APR and terms offered by individual lenders.
Is LoansUnder36 a direct lender?
No. LoansUnder36 is a lending marketplace that connects you with a network of 100+ lenders. They do not make lending decisions or fund loans directly. The terms, rates, and fees are set by the individual lender you choose.
Is LoansUnder36 legit?
LoansUnder36 is a real company that has been operating for several years. However, it is not accredited by the Better Business Bureau (BBB) and has a 2.7 out of 5 rating on Trustpilot based on limited reviews. Some users have reported concerns about data handling and excessive marketing after applying.
Does LoansUnder36 do a hard credit check?
Checking loan offers through LoansUnder36 uses a soft credit inquiry, which does not affect your credit score. However, if you accept a loan offer and move forward with a lender, that lender will likely perform a hard credit check as part of the final approval process.
What states is LoansUnder36 available in?
LoansUnder36 is available in 46 U.S. states. The platform is currently not available in New York, Vermont, West Virginia, and Alaska.
How long does it take to get a loan from LoansUnder36?
The application process takes just a few minutes. Once you are matched with a lender and approved, funds can be deposited into your bank account as soon as the next business day.
LoansUnder36 Alternatives
Here’s a list of alternatives to LoansUnder36 and how they compare:
| Company | Loan Amount | APR | Term |
|---|---|---|---|
| PersonalLoans.com | $500 – $35,000 | 5.99-35.99% | 3 Months – 6 Years |
| BadCreditLoans | $500 – $5,000 | 5.99-35.99% | 10 Days – 2 Years |
| CashUSA.com | $500 – $10,000 | 5.99-35.99% | 3 Months – 6 Years |
| Fast5KLoans | $500 – $35,000 | 5.99-35.99% | 6 Months – 5 Years |
| 5KFunds | $100 – $35,000 | 5.99-35.99% | 61 Days– 6 Years |
Should you take a loan with LoansUnder36?
LoansUnder36 lets you compare rates from multiple lenders through one simple application, without completing separate forms for each provider.
Borrowers with all types of credit profiles can apply, including those with low credit scores. There is no minimum credit score requirement.
With 100+ verified lenders, borrowers have access to a reliable network that can provide loan offers in as little as two minutes. Applying takes only a few minutes, and funds can reach your bank account as soon as the next business day.
The main drawback is that LoansUnder36 is not a direct lender, so your actual rates, fees, and terms depend entirely on which lender you're matched with. It's worth comparing their offers against other lending marketplaces like PersonalLoans.com, CashUSA, or 5KFunds to make sure you're getting the best deal.
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