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LendingTree personal loans service review

LendingTree could connect to a number of lenders that offer personal loans suited for your situation — but it’s not all roses.

finder.com’s rating: 4.6 / 5.0

★★★★★

Bottom line: LendingTree is useful if you want to compare multiple lenders at once. But there are numerous complaints about marketing calls and emails from its partners.

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$50,000

Max. Loan Amount

5.99% to 35.99%

APR

Good to excellent credit

Minimum credit score

Details

Min. Loan Amount$1,000
Max. Loan Amount$50,000
APR5.99% to 35.99%
Interest Rate TypeFixed
Minimum credit scoreGood to excellent credit
Origination FeeVaries
Loan termVaries based on lender
Turnaround TimeIf you apply during work hours on a business day you can get access to approved funds within 24 hours.

Pros

  • Multiple offers with one online form
  • Personal loans up to $50,000
  • High ratings on Trustpilot
  • Options for bad credit

Cons

  • Not a direct lender
  • May be on the hook for an origination fee
  • May receive a large volume of marketing calls or email

Our take on LendingTree

LendingTree is not a direct lender; it’s a lender connection service. In short, you complete an application, they check out your creditworthiness and situation, and then they may connect to you a lender that suits your situation and needs.

LendingTree doesn’t charge any fees to use its service — so there’s no cost to you.

There are only a few notable downsides to using LendingTree’s service. Since LendingTree isn’t a direct lender, there isn’t a set range of credit score tiers, income requirements or average rates — individual lender requirements vary. So if you use the service, you won’t know if your chances of qualifying for a loan until you’ve sent in your application with LendingTree.

Another common thread we’ve found is that you may experience a massive amount of emails and/or phone calls. Negative reviews on TrustPilot evolve around being “bombarded” with unsolicited phone calls — even after a customer already accepts a loan offer.

Overall, if you’re on the hunt for a loan and don’t where to start, LendingTree can help lead the way. It’s partnered with hundreds of lenders in various niches including personal loans, auto loans, student loans, home equity loans and much more.

LendingTree rates, fees and terms

LendingTree doesn’t have an exact range of rates, fees or terms, since those depend on the lender you’re matched with (if any). When you take on a personal loan, you can except a rate anywhere from 5.99% to 35.99% — and that’s right in line with rates offered by LendingTree’s lending partners.

In terms of credit score requirements, there are a handful of personal lenders with LendingTree that require a credit score of at least 640, but a few advertised they accept credit scores as low as 585 to 600. This is good news for newer borrowers with limited credit histories or borrowers with less-than-perfect credit histories.

How LendingTree compares to other lenders

LendingTree is partnered with a myriad of lenders, but there are still many out there. Compare lenders and lending marketplaces side-by-side.

1 - 6 of 6
Name Product Filter Values APR Minimum credit score Loan amount
Best Egg personal loans
8.99% to 35.99%
600
$2,000 to $50,000
A prime online lending platform with multiple repayment methods.
Upstart personal loans
6.5% to 35.99%
300
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
Bankrate
Bankrate
4.98% to 35.99%
Poor to excellent credit
$1,500 to $100,000
Achieve personal loans
7.99% to 29.99%
600
$1,000 to $50,000
Consolidate debt and more with these low-interest loans. Cosigners welcome.
Upgrade personal loans
7.96% to 35.97%
620
$1,000 to $50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
LightStream personal loans
5.99% to 23.99%
Good to excellent credit
$5,000 to $100,000
Borrow up to $100,000 with low rates and no fees.
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Compare up to 4 providers

LendingTree reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 1.38 out of 5 stars, based on 99 customer reviews
Trustpilot Score 4.5 out of 5 stars, based on 12,316 customer reviews
Customer reviews verified as of 16 December 2022

LendingTree has been in business for over 25 years. It’s accredited with the Better Business Bureau (BBB) and has been since 2019, carrying a A+ rating — the highest rating possible. However, the majority of customer reviews on BBB are poor, many of them citing constant contact from lenders including calls, emails and texts. To be fair, many business reviews on BBB are poor.

LendingTree’s TrustPilot profile, on the other hand, has over 11,000 reviews holding a strong 4.5-star rating. Over 80% of customers reviews are 5-star ratings. Positive reviews praise LendingTree for its quick process, great customer service, and overall, a smooth experience. Negative reviews — though far and few — are in the same vein as BBB citing constant calls and emails.

How to qualify

Since LendingTree isn’t a direct lender, it doesn’t have a set list of requirements to use its lending-matching service. However, to submit an online application, you need a permanent home address and be at least 18 years old.

How the application works

LendingTree’s online application is quick and easy, and only takes a few minutes. You’ll need to complete a handful of fields to see loan offers:

  • Name
  • Home address
  • Estimated credit score range
  • Date of birth
  • Employment and income information
  • Phone number
  • Email address

After you submit an online application, you’re redirected to page called “Your personal loan search results” which lists all the personal lenders that you may qualify with, including advertised rates, loan amounts, estimated monthly payments and loan term lengths.

If you like one of the offers, you’ll select Continue and complete the full loan application with that specific lender.

Is LendingTree legit?

Yes, LendingTree is a legit connection service. Its website is secure, and its privacy policy covers how it collects information and how you can opt-out of having your information shared. It’s also clear about the lenders it works with — most connection services don’t list their partners.

LendingTree is a popular lender-matching service, and for good reasons. It’s online application is quick and its partnered with hundreds of lenders spanning multiple loan types.

However, if you decide to use its service, you may have to plan for multiple phone calls and emails from various lenders looking for your business.

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4 Comments

    Default Gravatar
    Michelle
    December 12, 2019

    Do you lend to Ireland?

      Avatarfinder Customer Care
      Charisse
      December 12, 2019

      Hi Michelle,

      Thanks for reaching out to Finder.

      LendingTree is a licensed U.S. mortgage broker so they do not operate in Ireland. Their lending services are only available to people in the continental U.S., Alaska and Hawaii.

      I hope this helps.

      Cheers,
      Charisse

    Default Gravatar
    Paul
    May 28, 2017

    I’ve been approved for loan but every time I click sign documents won’t let me what do I do?

      Avatarfinder Customer Care
      haroldjacob
      June 21, 2017

      Hi Paul,

      Thank you for your inquiry.

      Regarding this matter you may need to coordinate directly with the lender. There may be an error with the document/s they provided. Just to make sure you are doing the right thing it would be nice to ask a guidance from them.

      I hope this information has helped.

      Cheers,
      Harold

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