Mr. Amazing Loans personal loans review December 2018 | finder.com

Mr. Amazing Loans personal loans review

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Borrow either $5,000 or $10,000 through this online lender focused on fair-credit borrowers.

Mr. Amazing Loans is a quick online lender that could help provide funds to those who want an affordable option but may not qualify with other top lenders. With a steady income of at least $25,000 a year, you could qualify for a $5,000 or $10,000 loan in just a couple of days.

Product NameMr. Amazing Personal Loans
Min Loan Amount$5,000
Max. Loan Amount$10,000
APR19.9%–29.90%
Interest Rate TypeFixed
Maximum Loan Term5 years
  • Age 21 or older
  • Minimum gross annual income of $25,000
  • Steady employment history
  • Credit score of at least 600
  • Checking account
  • Weekly payments
  • Established credit history
  • 2+ years re-established credit history bankruptcy
  • Reside in a state where Mr. Amazing Loans operates

How does Mr. Amazing Loans work?

Mr. Amazing Loans is an online lender that offers loans of either $5,000 or $10,000 to applicants who meet the minimum lending criteria. Mr. Amazing Loans is a legitimate service for people seeking loans to consolidate debt, pay medical expenses, travel or cover any other big expense. The weekly payments are low, and you may qualify for a loan even if you have poor credit.

Unlike most lenders, most of the loans through Mr. Amazing come with weekly payments of either $38 or $75. This requires tight budgeting because the frequent withdrawals can seriously eat into your balance if you’re not careful.

What are the benefits of a personal loan from Mr. Amazing Loans?

  • No prepayment fees. If you want to make an early payment or pay off your loan ahead of schedule, you can. Mr. Amazing Loans doesn’t charge a fee for prepayment.
  • Poor credit is OK. As long as you have a credit score of 600 or more, you’re eligible for a loan from Mr. Amazing Loans.
  • Quick approval. Mr. Amazing Loans can approve you of a loan in minutes — and have your money in your account the same day.

Does Mr. Amazing Loans have any drawbacks?

  • Only available in select states. In order to qualify, you must be a resident of Alabama, Arizona, California, Florida, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, Texas or Utah.
  • Can’t be self-employed. If you’re looking to borrow from Mr. Amazing Loans, you’ll need to have steady employment. If you’re self-employed, you won’t qualify.
  • Weekly payments. Unlike other personal loan options that allow you to make monthly payments, Mr. Amazing Loans will withdraw money from your checking account on a weekly basis, so make sure you budget for it.
  • Only two loan amount options. Mr. Amazing Loans only offers loans of $5,000 and $10,000.

Compare more online personal loan options

Rates last updated December 10th, 2018

Reveal your potential loan offers and rates

Answer two quick questions to filter the loan offers and get the best one for you.

Select your credit score range

I don't know my credit score

Finally, select where you live.

To get your credit score:

Experian logo

Experian is a leading provider of personal and business credit reporting. Find out your FICO score now for less than the cost of a cup of coffee.

Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
Name Product Product Description Min. Credit Score Max. Loan Amount APR
Even Financial Personal Loans
Get connected to competitive loan offers instantly from top online consumer lenders.
550
$100,000
3.84% to 35.99% (fixed)
Credible Personal Loans
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
Good to excellent credit
$100,000
4.99% to 36% (fixed)
NetCredit Personal Loan
Check eligibility in minutes and get a personalized quote without affecting your credit score.
550
$10,000
34% to 155% (Varies by state) (fixed)
Monevo Personal Loans
Quickly compare multiple online lenders with competitive rates depending on your credit score.
550
$100,000
3.34% to 35.99% (fixed)
LendingClub Personal Loan
A peer-to-peer lender offering fair rates based on your credit score.
660
$40,000
6.95% to 35.89% (fixed)
SoFi Personal Loan Fixed Rate (with Autopay)
No fees. Multiple member perks such as community events and career coaching.
680
$100,000
7.24% to 15.24% (fixed)
Marcus by Goldman Sachs Personal Loans
Consolidate your debt or pay off large expenses with competitive rates and no fees.
Good to excellent credit
$40,000
6.99% to 24.99% (fixed)
Avant
Conveniently check your loan options without affecting your credit score.
580
$35,000
9.95% to 35.99% (fixed)
OneMain Financial Personal and Auto Loans
An established online and in-store lender with quick turnaround times. Poor credit is OK.
Varies
$30,000
16.05%–35.99%* (fixed)

Compare up to 4 providers

Online reviews of Mr. Amazing Loans

One of the best ways to find out how a company works is to view the reviews left on sites like the Better Business Bureau (BBB) and Trustpilot.

Mr. Amazing Loans is accredited by the BBB and holds an A+ rating, though, as of December 2017, there’s only one review left on the website. The user commented negatively on the cost of a $5,000 loan from Mr. Amazing Loans, stating that the interest payments were much higher than expected. It’s important to remember that you’ll typically pay high interest when dealing with loans designed for people with less-than-perfect credit.

The reviews left on Trustpilot are much more plentiful and positive. Over 95% of users rate their experience at four or five stars, and many comment on its helpful customer service. The few negative comments point to high interest rates.

What are the eligibility criteria?

If you’re interested in taking out a loan from Mr. Amazing Loans, you’ll have to meet the following criteria:

  • Live in one of the states Mr. Amazing Loans services: Alabama, Arizona, California, Florida, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, Ohio, Oregon, Pennsylvania, Texas or Utah.
  • Be at least 21 years old
  • Have a minimum gross annual income of $25,000
  • Have a steady employment history
  • Have a credit score of at least 600 and established credit history
  • Have a checking account
  • Can make weekly payments
  • Have at least two years re-established credit history after a bankruptcy

What is the application process like?

Here’s how to apply, step-by-step:

To finish your application, fill out the requested personal and banking information. Review your application and read the terms and conditions carefully before clicking Submit.

Once you submit, your information is processed. If your request is approved, finish the application by supplying Mr. Amazing Loans with your personal and bank information. If your request is denied, you may be directed to an alternative provider that can connect you with other lenders.

What happens after approval?

Once you’re approved and have signed the loan documents, your loan funds are deposited into your checking account. From here, you can use your loan for whatever purpose you stated in the application — from funeral expenses to consolidating debt.

Your loan terms will be 60 months with weekly repayments withdrawn directly from your checking account.

Bottom line

When you’re in need of quick financing for large amounts of cash, you can apply for a loan from Mr. Amazing Loans to get you through a tough financial spot. Even if you don’t have the best credit, you may still qualify. As with all loans, be sure to compare your options before you settle on a lender.

Frequently asked questions

Kellye Guinan

Kellye Guinan is a writer and editor with finder.com and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

Was this content helpful to you? No  Yes

US Personal Loans Offers

Important Information*
Credible Personal Loans

Get personalized rates in minutes and then choose a loan offer from several top online lenders.

Monevo Personal Loans

Quickly compare multiple online lenders with competitive rates depending on your credit score.

LendingClub Personal Loan

A peer-to-peer lender offering fair rates based on your credit score.

SoFi Personal Loan Fixed Rate (with Autopay)

No fees. Multiple member perks such as community events and career coaching.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site