- Over 300 lenders in network
- Bad credit score of 540 or higher OK
- Works with local lenders
- Student and parent loan refinancing available
- High interest rates starting at 19.99%
- Limited information available online
- Only operates in seven states
Lend-Grow rates, fees and terms
Lend-Grow is a connection service, not a direct lender. This means you won't have to pay any fees to find a lender in its network.
But once you're connected with a lender, expect to pay more. Because its network accepts borrowers with bad credit, interest rates range from a high 19.99% to 35.99%. You'll also only be able to borrow up to $25,000, but its lenders offer the normal range of loan terms from 2 to 5 years.
Read your loan contract carefully when you complete a full application. You may be responsible for other fees, including origination fees, prepayment penalities and late fees.
How Lend-Grow compares to other lenders
Compare active lenders and connection services by selecting your credit score and state.
Lend-Grow reviews and complaints
Lend-Grow is a relatively new service, which means it doesn't have a Better Business Bureau or Trustpilot page. However, you should look at the reviews of any lender you're connected with to make sure it fits your needs.
How to qualify
Lend-Grow doesn't provide specific eligibility criteria. But most lenders have a few basic requirements, including:
- Regular source of income
- Open bank account
- US citizen or permanent resident
- At least 18 years old
- Resident of eligible state
States where Lend-Grow operates
Lend-Grow currently serves customers in the following states:
- South Carolina
How the online form works
As of May 2021, you can prequalify by going to Lend-Grow's website and selecting Check my rate. From there, enter the type of loan you want and your:
- Phone number
- Annual income
- Rent or mortgage payment
What sets it apart
Lend-Grow is one of the few connection services that accepts borrowers with bad credit. And while this means higher interest rates, it also means you may have access to personal loans you might not otherwise qualify for. Since it works with local and national lenders, you have the potential to find the right fit for you within a few minutes.
But beyond that, there isn't much exceptional about Lend-Grow. Its website offers only basic information — largely because its personal loan connection service is still limited.
That being said, Lend-Grow does offer a unique feature when you refinance your student loans with one of the lenders in its network. You'll receive a 0.1% reward based on your loan amount. It lasts up to three years as long as you make regular payments to your new lender.
Is Lend-Grow legit?
And unlike many other connection services, it has a phone number and email you can use to get in touch with a representative if you have questions about the process.
Kellye Guinan is a seasoned financial writer with over 500 articles under her belt spanning all things loans from auto to personal to business and everything in between. With four years in the field and five years of research experience, she's able to make complex personal finance decisions easier for anyone to tackle. When she's not up to her knees learning about the latest trends in lending, she spends her time improving her own financial literacy and expertise — and maintaining a Duolingo streak of over 1,300 days.
Lend-Grow is a connection service that helps you find a national or local lender. Its online form is up as of May 2021 with both personal loan and student loan refinancing options. And you could qualify for a personal loan with a credit score as low as 540.
However, this means that you may face higher interest rates and less ideal terms on your personal loan. But if you’re in a rush to find a lender, Lend-Grow may be able to help. Compare more connection services and direct lenders to find a lender you can use.