3 From 7 Reviews

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3.0/5

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3 From 7 Reviews
Customer Support 3
Interest & Loan Costs 3
Flexibility & Loan Terms 3
Website & Functionality 3
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Why MoneyLion?

  • Available in all 50 states!
  • Loan amounts: Borrow between 500 $ - 500 $ fast and easy!
  • Term of loan: Choose to pay back the loan between 14 Days - 1 Year
  • Credit score: Yes, MoneyLion may accept clients with poor credit score
Get Started at MoneyLion »

No commitments! This won't affect your credit score!

Reviews from customers

  • Craig
    says:
    5

    Great service and lighting speed. The app brings your spending habits to light. You want…

  • Scott
    says:
    5

    Moneylion has very good customer service and they were able to help me get the…

  • Martin
    says:
    5

    I've been using Moneylion multiple times now. They have a great tool for credit monitoring.…

  • See all reviews here

    MoneyLion - Summary

    MoneyLion specializes in providing personal loans with a number of benefits, including the ability to borrow up to $35,000 with rates as low as 7 percent. Over time, customers of MoneyLion can earn rewards and lower rates. For instance, rewards points are offered for customers who download their application, pay on time, take out a loan, and so on.

    Earned reward points may be redeemed for gift cards of the customer’s choice. MoneyLion customers can also reduce their interest rates through endorsements. Additionally, MoneyLion offers a free mobile app whereby customers have the ability to track their loans and payments.

    Who Can Get a Loan from MoneyLion?

    In order to qualify for a loan with MoneyLion, applicants are required to maintain a bank account in good standing, exhibit a minimum creditworthiness baseline, and have steady employment. In addition, MoneyLion assesses each applicant’s ability to repay a loan. A consumer’s application may be denied if she or he does not meet minimum income requirements or has excessive debt burdens.

    It should be noted that any examples of rates provided are examples only and may vary based on consumer eligibility.

    How to Apply

    Consumers can apply for a personal loan with MoneyLion online by entering their social security number and bank account information. MoneyLion will typically provide a lending decision within a few minutes. Applicants are able to choose an offer that best suits their specific needs before verifying information and eSigning relevant loan documents. Approved funds can usually be deposited electronically into your account as soon as the next business day.

    MoneyLion is based in Big Sandy, Utah, and was launched in 2013. Currently, MoneyLion also maintains offices in San Francisco, New York, and Kuala Lumpur. To date, MoneyLion has originated more than 100,000 loans. By reading MoneyLion reviews, consumers will gain a good idea of whether this lender is the right option for their needs.

    Reviews - Read Customer Reviews of MoneyLion

    Not a top-performing offer

    This lender is not among the top rated, based on user reviews. It has received a rating lower than 3.5 out of 5, which may indicate that customers are not fully satisfied with the service.

    If you would like to see other alternatives, click here for a list of top lenders.

    1. Martin
      says:
      5

      I’ve been using Moneylion multiple times now. They have a great tool for credit monitoring. I have taken several loans from them as well and everything always goes smooth.




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    2. Scott
      says:
      5

      Moneylion has very good customer service and they were able to help me get the money i needed for urgent expenses. Thanks alot!




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    3. Andy Sanchez
      says:
      1

      They Get you a loan at a low APR %5.99 a month for a $600 loan. Good! But then you have to pay a 1 time fee of $130 for the subscription. Which later I found out that it is actually a monthly fee not a one time fee. Now I am paying more for the monthly subscription of $130 than the actual loan payment of $93 SMH! What a rip off. There was a catch. So that low 5.99% APR is just a myth for you to apply. For a $600 loan I am paying $1400 once its paid.off in 6 months.




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    4. Terrie Thyret
      says:

      Hi I applied for a $550.00 loan a few days ago I signed all the loan documents and was verified. I downloaded the app it showed everything was approved!! Then I went to my app and the loan was canceled how can you approve and then cancel? I feel I was taken advantage of..

      Than you
      Terrie Thyret




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    5. Joseck
      says:

      I’m in Kenya can I qualify




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    6. Julie K
      says:

      Trying the deactivate the account took several days. The chat option takes several minutes to get someone present, doesn’t seem to work as chatting with customer service is intended.




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    7. Craig
      says:
      5

      Great service and lighting speed. The app brings your spending habits to light. You want to make sure you log into the app daily which in return rewards you. The fee’s may seem high but if you break it down and log in daily and get the rewards its not bad at all..




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    8. janis elliott
      says:
      1

      I did have an account with moneylion. I closed the account, and the bank account that was tied to it was also closed. In February the account was reopened because they CLAIM in December they had attempted to take money from my bank account. I told them I had closed that account, and removed it. If the account was removed then why would they attempt to try to take funds from it? Also why did the reopen a closed account without me authorizing it. I gave them a bank statements proving that A. the account was closed and B. I never received a loan on the date in question. I asked them to provide proof that funds were deposited, or any attempts were made to have funds taken. They could not, or have not provided that proof. I have called many times trying to get this cleared up, and now it’s April and they now showing a negative mark on my credit report. If I pay them $500 who is to say another scam on their part wont happen again?




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    9. Angela Morgan
      says:
      3

      While I have to say the money came next day and it was a LOW 5.9% loan compared to others their fees were VERY misleading. It read a fee of like under $200 which read that it would be per loan. But they were taking my bi-weekly payment PLUS another $64 in “membership fees”. For like $600… basically they are NO CHEAPER than these high interest pay loans… I don’t know about ML Plus but their standard form SUCKS. I got cheaper pricing at Amscot. They also don’t tell you those “membership fees” still go even AFTER the LOAN IS PAID OFF…. like Really I am going to pay your $126 month to only be able to borrow like $600… uhm NO THANK YOU. Please make sure you are not only reading terms (apparently not clear) but also call and verify what you believe to be the terms and have them break them down further… oh and get a call recorder app on your phone. Most states only require 1 party consent for those companies that are not on the up & up… get name & reference number for all calls.




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    10. Kathy Brown
      says:
      1

      On 5/10/18,I was in need for quick money to pay a bill, so I was told to surf the internet for loans. I came across MoneyLion and applied the process was quick and fast approval. I recieved a phone text stating that my funds would be deposit into my account on 5/11/18. So Im waiting all day for the funds to come, I went to work and worked a 8hr shift, still no funds deposit in my account. I reach out to someone through the chat on the MoneyLion app, and was told to contact my bank, I called my back and there was NOTHING pending for a deposit. I chatted servale times through out tge day and still nothing. My last chat feedback was check my bank Monday or Tuesday for the funds…….. I was shocked!!!!….. I was expecting the funds May 11. And at this time I am still waiting……. I had to borrow the money from a coworker. I am so disappointed. My loan status is still saying FUNDS PENDING.




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