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LoansUnder36 personal loans connection service review

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Its network of lenders cap APRs at 36%.

LoansUnder36 can help you compare a variety of lenders without filling out multiple applications. And with loan amounts starting at $1,000 and APRs capped at 36%, it’s a great alternative to typical high-cost short-term loans. However, it doesn’t list its eligibility requirements, and it has an alarming arbitration clause to be wary of.


Max. Loan Amount

5.99% to 35.99%


All credit types welcome

Min. Credit Score


Product NameLoansUnder36 Personal Loans Connection Service
Min. Loan Amount$1,000
Max. Loan Amount$35,000
APR5.99% to 35.99%
Interest Rate TypeFixed
Min. Credit ScoreAll credit types welcome
Minimum Loan Term0.17 years
Maximum Loan Term6 years
Go to LoansUnder36's website

What makes LoansUnder36 unique?

Unlike many connection services that have a variety of lenders offering a wide range of APRs, the lenders in LoansUnder36’s network all have APRs under 36% — hence the name. And with a variety of loan amounts available, you can even find smaller personal loans that don’t come with the high interest rates and fees of a typical short-term loan.

What is LoansUnder36?

LoansUnder36 is an unsecured personal loan connection service with a quick online form and over 100 lenders in its network.

Loan amounts range from $1,000 to $35,000 with terms lasting anywhere from 0.17 years to 6 years. And like its name implies, the APR of your loan will go from a low 5.99% to 35.99% .

The exact fees and disbursement process will ultimately depend on the lender you’re connected with.

What are the benefits of using LoansUnder36?

From its network’s low range of APRs to the fast process, here are a few perks of using LoansUnder36:

  • Low APR cap. You won’t get an APR over 36% if you borrow from one of LoansUnder36’s lenders — even if you don’t have the best credit.
  • Wide range of loan amounts. You can borrow anywhere from $1,000 all the way up to $35,000 from one of LoansUnder36’s partner lenders. However, you’ll likely need to meet stricter eligibility requirements to qualify for larger amounts.
  • Variety of loan terms. Take anywhere from two months to six years to pay off your loan depending on your lender and how much you borrow.
  • Fast process. After filling out its quick online form, you could be connected to multiple lenders within five minutes. And if you’re approved for the loan, you could receive your funds as soon as the next business day.

What to watch out for

From its lack of eligibility criteria to its alarming settlement dispute clause, consider these potential drawbacks before using LoansUnder36’s service:

  • Waive right to dispute clause. When you use LoansUnder36’s service, you’re signing away your right to seek any settlement should damages arise from a lender you’re matched with.
  • May check your credit. Although LoansUnder36 doesn’t check your credit, the lenders in its network might to determine your eligibility. This could temporarily lower your credit score.
  • Eligibility requirements not listed. LoansUnder36 states it works with poor-credit borrowers, but it doesn’t list any other income, employment or bank account requirements on its website.
  • Unclear state availability. LoansUnder36 isn’t available in all 50 states, though it doesn’t specify which ones it doesn’t work in. This means you won’t know if you live in a qualifying state until after you begin the connection process.

Must read: Beware of LoansUnder36’s waive right to dispute clause

LoansUnder36 has both an arbitration and settlement dispute clause in its terms and conditions that might make you think twice before using its service. It’s not uncommon to see many lenders and connection services with arbitration clauses in their contracts — requiring you to settle disputes in arbitration rather than through a lawsuit. However, LoansUnder36 goes one step further, adding in a settlement clause that prevents you from seeking damages in a settlement with a lender you’re connected with.

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Updated December 8th, 2019
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5.95% to 35.99%
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6.95% to 35.89%
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5.99% to 17.88%
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What does the Internet say about LoansUnder36?

There aren’t any borrower reviews for LoansUnder36 — not uncommon for a connection service. It doesn’t have a page on the Better Business Bureau (BBB) or Trustpilot, which means you won’t know how smooth the process is until after you fill out its online form. Instead, you’ll want to check out the online reviews for any lenders you’re connected with to get a feel for how they treat their borrowers.

Am I eligible?

LoansUnder36 doesn’t list any specific eligibility criteria on its website. However, you typically need to meet the following requirements to take out a personal loan:

  • Have a steady source of income.
  • Have a verifiable bank account.
  • Be a US citizen or permanent resident.
  • Be at least 18 years old.

How do I get started?

LoansUnder36 has a simple online form to connect you to multiple lenders in minutes. Follow these steps to get started:

    1. Click Go to Site to visit LoansUnder36’s website.
    2. Select how much you want to borrow and your preferred loan term. Enter your email address and read the privacy policy and terms and conditions. Click Next.
    3. Enter your contact details and information about where you live.
    4. Enter your employer’s name and phone number, if applicable, along with your bank account details.
    5. Enter information to verify your address and identity.
    6. Select your estimated credit score range and the reason for your loan.
    7. Read LoansUnder36’s documentation, then click Finish Form.

It may take a few minutes for LoansUnder36 to verify your information and connect you with a lender. If connected, you’ll be redirected to its website to complete a full application.

What information do I need to submit?

When filling out LoansUnder36’s online form, have these details on hand to speed of the process:

  • Name, email address, phone number and birth date.
  • Whether you’re an active-duty service member.
  • Address, how long you’ve live there and if you own your home.
  • If employed, your employer’s name, phone number and how long you’ve worked there.
  • Any benefits you receive.
  • How often you get paid, your gross monthly income and your next pay date.
  • Driver’s license or state ID number.
  • Social Security number.
  • Bank account and routing number.
  • How long you’ve had the bank account, what type of account it is and whether you receive direct deposit.
  • Credit score range.

I was connected with a lender. Now what?

Once you’ve been connected with a personal loan provider, you’ll stop using LoansUnder36 and start working directly with the lender. Any questions you have about the status of your application should go to the provider itself.

If approved, read over your loan documents carefully. It should outline the specific details of your loan, including your repayment schedule and the amount you’ll pay in interest. Once you’ve signed the contract, you may be able to get your funds as soon as the next business day.

Bottom line

LoansUnder36 only works with lenders that keep their APRs affordable. This means you won’t have to worry about a loan that costs you double the amount you borrow in interest. But it’s not transparent about what states it works in and has an alarming settlement dispute clause.

Find out how it stacks up to the competition with our guide to personal loan connection services. Or compare your options with direct lenders.

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