LoansUnder36 personal loans connection service review
Compare multiple lenders, but watch out for its strict arbitration clause.
finder.com’s rating: 3.5 / 5.0
- Best for borrowers with less-than-perfect credit looking to compare multiple offers at once.
- Pick something else if you don’t want to receive potential spam calls.
Max. Loan Amount
5.99% to 35.99%
All credit types welcome
Min. Credit Score
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 everyday people 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.
LoansUnder36 is ideal for borrowers with less-than-perfect credit who’ve struggled to find a personal loan provider they qualify with. You can compare offers from multiple lenders at once by filling out just one online form. Its network of lenders work with borrowers of all credit types, and its APRs are capped at 36%.
But you might have to field phone calls and emails from partner lenders — even after you take out a loan. One customer even reported receiving spam calls from Russia after filling out LoansUnder36’s online form. It also has a waive right to dispute clause, meaning you can’t seek damages if anything happens with a lender you’re connected with.
Not sold on LoansUnder36? Compare your other options below.
How much will this loan cost me?
LoansUnder36’s partners offer loans with rates from 5.99% to 35.99%. This may or may not include an origination fee, depending on the lender. You can borrow between $500 and $35,000 with terms from 2 months to 6 years
Use the calculator below to find out how much you might pay each month and in overall interest for the loan you’re considering.
Monthly repayments calculator
Calculate how much you could expect to pay each month
|Loan terms (in years)|
How it works
Not all rates, terms and loan amounts will be available through all lenders. For example, that 5.99% rate might not be available on a $500 loan. Generally, a 5.99% APR and $35,000 loan is likely only available to borrowers with an excellent credit scores of 760 or higher. And you’ll need to have enough cash flow each month to support loan repayments.
What do I need to qualify?
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
What information do I need?
When filling out LoansUnder36’s online form, have these details on hand to speed up the process:
- Driver’s license or state ID number
- Social Security number
- Bank account and routing number
- Credit score range
Other information, like your income and employment status, will also be needed to finish the online form.
Pros and cons
LoansUnder36 can simplify your application process. But it might not help everyone find the financing they need.
- Loans start at a low 5.99% APR
- Funding as low as $500
- Variety of loan terms
- No loans over $35,000
- Doesn’t disclose minimum requirements
- Requires you to waive the right to sue your lender
Must read: Beware of LoansUnder36’s waive right to dispute clause
LoansUnder36 has 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 for lenders and connection services to require 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.
Compare other personal loan providers
Is LoansUnder36 legit?
Yes, LoansUnder36 is a real service and has a secure website. But it will share your personal information with lenders in its network. This means you may receive multiple calls and emails from lenders even after you complete the application process. In fact, one customer reported getting redirected to three websites and receiving spam calls from Russia after filling out LoansUnder36’s online form.
Unfortunately, LoansUnder36 doesn’t list ways you can stop certain information from being shared, so you’ll need to reach out to customer service for more information.
LoansUnder36 reviews and complaints
|BBB rating||Not rated|
|BBB customer reviews||No reviews|
|Trustpilot Score||3.7 out of 5 stars, based on 1 customer reviews|
|Customer reviews verified as of||20 May 2020|
There’s only one negative review for LoansUnder36 on Trustpilot and none on the Better Business Bureau (BBB). That’s not uncommon for a connection service — and not enough to give you an idea of what you’re in for when you use it. 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.
How do I sign up?
LoansUnder36 has a simple online form to connect you to multiple lenders in minutes. Follow these steps to get started:
- Click Check my rate to be redirected to LoansUnder36’s website.
- Follow the directions to provide information about how much you want to borrow and personal information, and the best time to get in touch. Click Next to move on to the next question.
- Enter your bank account and routing number and answer more questions about your income and finances, clicking Next between questions.
- Review the terms and conditions, 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 happens after I apply?
Once you’ve been connected with a personal loan provider, you’ll stop using LoansUnder36 and start working directly with the lender.
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.
How do repayments work with LoansUnder36?
You won’t make repayments with LoansUnder36. Instead, check your loan agreement for information about your repayment schedule and any potential fees you might have to pay.
Frequently asked questions
Will LoansUnder36 check my credit?
While LoansUnder36 doesn’t perform a credit check, the lenders in its network might in order to confirm your identity and estimate your ability to repay. When you apply for a loan, this typically involves a hard credit check, which appears on your credit report and slightly lowers your score.
How do I unsubscribe from emails and texts from LoansUnder36?
You can unsubscribe by clicking the Unsubscribe button on the bottom of its website and entering your email address and phone number.
However, this is only for LoansUnder36. If you want to unsubscribe from emails and phone calls from lenders you were matched with, you’ll have to do so on their corresponding websites.
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