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TakeLend personal loan connection service review

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All credit types welcome at this small-dollar loan connection service with 100+ partners.

Need to borrow money, but think you’ll have trouble getting approved for a personal loan? TakeLend might be able to find you the money you’re looking for.

$15,000

Max. Loan Amount

Up to 35.99%

APR

All credit types welcome

Min. Credit Score

Details

Product NameTakeLend Personal Loan Connection Service
Min. Loan Amount$1,000
Max. Loan Amount$15,000
APRUp to 35.99%
Interest Rate TypeFixed
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TakeLend is not available in the following states:

Arkansas, Connecticut, New York, Vermont and West Virginia

What makes TakeLend unique?

Plenty of loan-connecting services out there accept applicants of any credit type. But you might be hard-pressed to find one with a larger network of lenders.

TakeLend’s network includes more than 100 lenders, significantly increasing your chance of connecting with one willing to offer the type of financing you need.

It partners with the usual online lenders as well as local financial institutions that typically offer lower-interest financing. (But beware: Getting your funds can take some time with these institutions.)

How does getting a loan through TakeLend work?

TakeLend connects borrowers with lenders offering personal loans ranging from $1,000 to $15,000. These loans are typically unsecured and have fixed interest rates.

Interest rates and fees can vary by lender, depending on factors like your credit score and history, debt-to-income ratio, loan amount and type of lender you’re borrowing from.

While it’s difficult to provide a range of what your interest rates might be, providers that accept all levels of credit typically come with higher APRs.

What are the benefits of TakeLend personal loan connection service?

  • Large network of lenders. TakeLend’s access to such a large variety of lenders make it more competitive against similar connection services.
  • All credit types welcome. You don’t need perfect credit to be considered. That doesn’t mean your lender won’t do a credit check — many have low cutoffs or give more weight to other aspects of your financial history.
  • It’s fast. Minutes with TakeLend can potentially save you hours of searching for lenders in your area you might qualify for.
  • It’s free to use. Like similar services, TakeLend doesn’t charge its users any fees. Instead, it makes money on leads it sends to its network.
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What to watch out for

  • Pay-per-lead business model. TakeLend might not charge you fees, but it’s gotta make money. It keeps its doors open by charging partner lenders fees for brining them business. This can limit your options somewhat. Just be aware that your interests aren’t the only thing it has in mind.
  • Hard to get an idea of APR before submitting your info. It’s partnered with so many loan providers, and you won’t know even an APR range to expect before filling out an application.
  • Limited website. At first glance, it looks like TakeLend’s site is one page outside of the application. Scrolling to the bottom reveals links to other pages — none of which have very detailed information. Plus, some pages haven’t been updated, providing contradictory information about loan amounts.
  • Almost no online presence. We couldn’t find any customer reviews of this service online — strange, given its network includes so many providers.
  • No customer service phone number. If you have a question throughout the process, you won’t be able to speak to someone on the phone. You’ll need to submit an email through its contact form.

Compare more personal loan connection services

Updated October 16th, 2019
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
5.99% to 35.99%
All credit types welcome
$35,000
Its network of lenders offer affordable loans with reasonable rates.
4.99% to 35.99%
Good to excellent credit
$100,000
Get personalized rates in minutes and then choose a loan offer from several top online lenders.
3.99% to 35.99%
500
$100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
Varies by lender
Available for all credit scores
$100,000
Get a connected with a lender — or get debt advice.
3.84% to 35.99%
550
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Get connected to competitive loan offers instantly from top online consumer lenders.

Compare up to 4 providers

What do other online reviews of TakeLend say?

Almost nothing — which is concerning for a service with so many providers. It has no Better Business Bureau page and nothing on Trustpilot, Reddit or any other forum that we could find.

We did find a review of the site’s safety on scamadviser.com. The site was given a 93% safety rating — high enough for it to be relatively trustworthy. However, it warned that it appears the website was created in the Cayman Islands — notorious for its lax finance laws.

Am I eligible?

TakeLend welcomes all types of credit. To be eligible, you’ll need to meet a handful of requirements:

  • You must have an active checking account that allows for electronic deposits.
  • You must be at least 18 years old.
  • You must be employed.
  • You must be a US citizen or permanent US resident.
  • You cannot be an active member of the military.
  • You cannot live in New York, West Virginia, Arkansas, Vermont or Connecticut.

The best loans tend to go to people who:

  • Make at least $2,000 a month at a job they’ve had for a while and have good payment history on previous credit accounts.

Ineligible states

Most US citizens are eligible to submit their information for a loan. But if you live in the following states, you’ll need to look elsewhere:

  • New York
  • West Virginia
  • Arkansas
  • Vermont
  • Connecticut

How do I submit my information?

  1. Once you’ve established that you’re eligible, you’re ready to start.
  2. Click Go to site on this page (the link doesn’t work if you live in an ineligible state).
  3. Fill in your contact information and loan amount, and read the privacy policy, terms of use and e-consent documents before checking the box to consent. Click Get Cash Now.
  4. Follow the steps to enter your personal, employment and bank account information before submitting your application.
  5. Wait for lenders from TakeLend’s network to make an offer.
  6. If you get an offer you like, follow the lender’s directions to apply. It can take around 30 minutes to get approved.
  7. Wait for your funds. Once approved, you could have funds transferred to your personal checking account as soon as the next business day.
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I got a loan through TakeLend. Now what?

What happens next depends on your lender — TakeLend is now completely out of the picture. You might want to set up autopay if it’s an option so that you don’t have to worry about making manual repayments each month.

Know how to find your lender’s customer service quickly if you need to reach out with any questions or have trouble making repayments. If your loan doesn’t come with prepayment penalties, consider repaying your loan early to save on unnecessary interest.

Bottom line

TakeLend could be a great resource if you’re looking for a small loan fast and have trouble finding lenders. It’s not a great resource if you’re looking to fund a big project that costs over $15,000, however. And its lack of an online presence raises some red flags for us.

Even if it sounds like TakeLend is right for you, consider first taking a look at other loan connection services before filling out an application.

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4 Comments

  1. Default Gravatar
    Laura
    May 24, 2018

    TakeLend in their process of applying is asking for my bank account and routing number. I’m not comfortable with this. Is it safe?

    • AvatarStaff
      Anna
      May 24, 2018

      Hi Laura,

      Thanks for your question! It’s not uncommon for online lenders to ask for your bank account and routing number, since they need that to send your funds with a bank-to-bank transfer. If you’re not comfortable providing this to an connection service, you might want to apply through a direct lender (you can find some on our personal loans guide).

      Hope this helps!

      Anna

  2. Default Gravatar
    Ashly
    April 25, 2018

    Looking to try to get a loan what are the requirements I don’t receive direct deposit from my job

    • AvatarStaff
      Jeni
      April 26, 2018

      Hi Ashly,

      Thank you for getting in touch with finder.

      Whether you’re ready to submit your personal loan application or you’re still in the researching stage, it helps to know what you need to apply. Below are the list of documents you need to prepare. The documents needed to verify your identity. Lenders usually require at least two forms of identification. These can be any of the following:

      -Driver’s license
      -Passport
      -State ID

      You may also need supplementary documentation in the form of:

      Your birth certificate
      -Certificate of Citizenship
      -Utility bills
      -Military ID

      Lenders will also require information regarding your assets, debts and liabilities. Here are some of the other details to have on hand:

      -Current credit card and loan statements
      -Any documents that can prove additional sources of income
      -An estimation of your current expenses
      -A current rent or mortgage statement

      If you want to read more about what documents you need to prepare, please check out this link.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

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