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Chosen 2,450 times
  • Low APRs From 2.99% variable
  • 0.25% AutoPay interest rate reduction
  • No Application Fee
  • No Early Repayment Penalty Fees
Chosen 14,318 times
  • Fixed 6.99-22.23% APR for personal loans
  • Federal and private student loan consolidations
  • Personal loans up to $100k
  • Loan repayments up to 20 years
Chosen 26,129 times
  • Loans from $1,000 - $35,000
  • Repayment terms from 6 - 72 months
  • Access to hundreds of lenders
  • APRs from 5.99%

Review of MaxLend

    Summary

  • Loans from $100 to $3,000

  • Repayment periods of up to nine months

  • Bad credit history accepted

  • Funds available in one day

What is MaxLend?

MaxLend is an online tribal lender that offers short-term installment loans of up to $3,000. New customers can borrow up to $1,500.

MaxLend offers an alternative to payday loans and MaxLend loans can be available as soon as one day and do not require any collateral.

MaxLend is a lender owned by the Mandan, Hidatsa, and Arikara Nation — the Three Affiliated Tribes of the Fort Berthold Reservation, a sovereign nation located within the United States of America.

Chosen 8,106 times
  • Borrow up to $2,000
  • First-time customers can apply for up to $1,475
  • Funding not available in all states

MaxLend offers quick approval installment loans to help you stay afloat during financially challenging times.

Since the payments are spread out over a period of time in equal installments, it gives you more control over your budget.

Products Offered

MaxLend offers installment loans up to $3,000 with repayments of up to nine months.

How MaxLend Works

You can borrow as much as $3,000 via a MaxLend loan. And if you’re a first-time customer you can apply for up to $1,500.

MaxLend loans are easily accessible and you can have funds in your account on the following business day.

As a first-time borrower, you can qualify for a loan of up to $1,500 and borrowers with bad credit can apply.

You can make an additional payment toward principal interest on any scheduled payment date. There is also no penalty for early repayment of a MaxLend loan.

Personal loans can be difficult to qualify for if you have bad credit. This is because most personal loans are unsecured so there is no collateral to back up the loan. MaxLend doesn’t require collateral and you don’t need good credit.

Note: Same day funding is not available in South Dakota.

You don’t need to provide collateral when taking out a MaxLend installment loan. All you will need to provide is proof of income, a checking account, and a valid social security number.

MaxLend does not offer loans in these states: Arkansas, Connecticut, Georgia, Massachusetts, Minnesota, New York, North Dakota, Pennsylvania, Vermont, Virginia, Washington, or West Virginia.

Loan Requirements

Here are the loan requirements when applying for a MaxLend loan:

  • You must be 18 years or older
  • You must be a U.S. resident
  • You must have an open checking account
  • You must have a source of income

Rates & Fees

MaxLend offers fast access to cash, but it has a downside: MaxLend loan fees are quite high, with APRs between 471% and 841%.

In comparison, typical payday loans have APRs of around 400%, according to the Consumer Financial Protection Bureau. This makes MaxLend more expensive than other average payday loans.

MaxLend bases its fees on a rate per $100 borrowed. For example, if you make weekly payments, you’ll pay up to $14,75 in fees for every $100 you borrow. With monthly repayments, you’ll pay up to $59 for every $100 you borrow.

MaxLends offers loans from $1,500 to $3,000 and the typical repayment period is around nine months for a new borrower.

Weekly Pay PeriodBi-Weekly Pay PeriodSemi-Monthly PaymentMonthly Pay Period
New CustomerUp to $14.75Up to $29.50Up to $29.50Up to $59
Returning Customer$12.75*$24.50*$24.50*$49.00*
*Rewards Level Discounts available for customers paying via ACH

Payment Terms

MaxLend offers loan repayment terms of up to nine months. You can settle your loan early with no penalties.

How to Apply for a MaxLend Loan

Step 1

Apply online

Complete an application online by entering information such as the loan amount you’re requesting, your income amount and your bank details.

Step 2

Verify your information

A customer service representative may give you a quick call to verify your information. Y

Step 3

Get approved

If approved, you can sign your loan documents online. ou can use the MaxLend login to manage your account. 

Step 4

Receive your funds

The money will be sent to your bank account and this usually takes one day.

Chosen 8,106 times
  • Borrow up to $2,000
  • First-time customers can apply for up to $1,475
  • Funding not available in all states

Our MaxLend Review

    Cons

  • Loans aren’t available in every state

  • High APRs compared to other payday loans

  • As a tribal lender, MaxLend is not subject to suit or service of process. 

If you’re looking to take a loan from Max Lend, all the terms and requirements are not transparent on their website but are provided in detail on your loan agreement.

Although the interest rates are very high on Max Lend loans, if you can manage to repay your loan within the next payday, it can be quite manageable.

Missing payments can mean fees and cause more debt, so it really isn’t something to consider if you’re trying to consolidate a credit card or auto loan.

You can also consider applying for a payday alternative loan from a federal credit union. These small short-term loans can’t have interest rates higher than 28%, and you can’t be charged more than $20 to apply.

Customer Service

MaxLend offers customer service 24/7 via email and telephone. Advance customer service is also available from Mondays to Saturdays.

You can read more MaxLend reviews below.

FAQs

How much can I qualify for?

MaxLend offers loans up to $3,000 but first-time borrowers can qualify for up to $1,500.

Is MaxLend a credible lender?

Yes. MaxLend is wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe.

Is my information safe?

Yes. All loan applications are transacted on secure servers and they make use ot industry standard security protocols. Your non-public information is completely confidential and protected.

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    Reviews of MaxLend

    MaxLend is rated 85 out of 292 companies in total rating and got an average review score of 2.1 based on 34 reviews. Their weakness is Interest & Costs and their strength is Website & Functionality.
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    B
    byron_scott 1 review | August 7, 2022
    Personal Loan Review
    Upsides
    Got approved for amount
    Downsides
    Still haven’t received fund amount and my payment is due Friday…Tried calling and email but no response and the telephones says it’s busy
    M
    MaxLendPartnerAugust 11, 2022

    Hi Byron, we appreciate your feedback and would like to discuss your experience in more detail. Please call us at 855-201-4677 for assistance with this matter. We’re available from 7AM – 7PM CT, Monday – Friday.

    Post
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    M
    morningstar_ 1 review | July 28, 2022
    Personal Loan Review
    Upsides
    Absolutely nothing good to say, total fraud
    Downsides
    Total fraud of a company. Borrowing $500 will cost you $300 interest less than a month later.
    Post
    Post reply
    IL
    Iraida L Tinsley 1 review | July 21, 2022
    Personal Loan Review
    Upsides
    -
    Downsides
    Everything was good until Maxlend took money out of my bank account without authorization. Called them and asked who authorized payment....because I didn't. Which is unlawful...had no problem paying back loan....even though I lost my job over 6 months ago and Covid 19 has affected us financially. Shame on Maxlend. Will be getting a lawyer for fraudulent transaction.
    Post
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    T
    Tiffany 1 review | July 21, 2022
    Personal Loan Review
    Upsides
    Nothing
    Downsides
    Super expensive to borrow. Got less than $300 and ended up paying 5X that back
    Post
    Post reply
    RT
    Robert Thompson 1 review | July 13, 2022
    General Review
    Upsides
    The associate I spoke with was very nice and listened to me explain why I was looking for a loan.
    Downsides
    Even though their rates were higher than some other companies, I was able to pay off my loan early which saved me on fees.
    Post
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    S
    sara_b 1 review | July 9, 2022
    General Review
    Upsides
    Fast to give money
    Downsides
    We had an agreement for payment schedule. Instead they took the e tire a.ounyat once leaving us in a worse situation. Then they were supposed to call our bank and get it fixed and they still didn't. Never again.
    Post
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    E
    eva_alaquinez 1 review | July 8, 2022
    Personal Loan Review
    Upsides
    Worst place to get a loan. Interest rate are sky high!!! A loan for $600 and to pay back $3,000!!! Like are you serious? $3,000 for a loan of $600.00 unbelievable!!! Don’t waste your time!!! This will be our last time doing business with them!!!
    Downsides
    Horrible service, horrible interest rates!!!
    Post
    Post reply
    TG
    Tami Gonzalez 1 review | July 6, 2022
    Personal Loan Review
    Upsides
    They got me the money I needed fast. I’m glad they were there for me.
    Downsides
    The interest rates are probably on the higher side, but they were so friendly and accommodating.
    M
    MaxLendPartnerAugust 11, 2022

    Hi Tami,

    Thank you for an outstanding review! We take great pride in providing the best possible service experience for our customers.
    It is great to hear you enjoyed our quick and easy services!
    If you have any questions or need assistance with your account, please do not hesitate to email us directly at info@maxlend.com or call us at 877-936-4336. We’re available 24 hours a day.

    Post
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    S
    synora_robinson 3 reviews | June 25, 2022
    General Review
    (Edited)
    Post
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    B
    ben_michie 1 review | June 21, 2022
    General Review
    Upsides
    Easy, fast
    Downsides
    Horrible rates, you’ll pay thousands more than what you borrowed. Go hungry before using this corrupt company. P
    Post
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