Loansunder36 has a lot to offer especially if you don’t have great credit. While the interest rates might be high, the fact that you can even get a loan can be a relief if you are in substantial debt.
APR
5.99% - 35.99%
Loan Amount
$500 – $35,000
Term
2-72 months
Min score
Varies based on lender
Loansunder36 has a lot to offer especially if you don’t have great credit. While the interest rates might be high, the fact that you can even get a loan can be a relief if you are in substantial debt.
APR
5.99% - 35.99%
Loan Amount
$500 – $35,000
Term
2-72 months
Min score
Varies based on lender
As a personal loan marketplace, Loansunder36 has a variety of options from regular personal loans to even loans specializing in debt consolidation if that is your primary goal. Like most marketplaces, Loansunder36 will put you through a process to pre-qualify you.
With this online loans marketplace, you are told up front that the maximum interest rate you will be offered is 35.99% (thus the company name Loans Under 36%). While that might seem high, chances are you will qualify for lower rates if you have decent credit. The application process is fairly straight forward and you can be connected with lenders in a matter of minutes.
You will be able to easily compare different loans and rate options after you complete the application process, so you can easily see which the best choice will be depending on your need and your credit history.
- Guaranteed Rate Under 36%
- All Credit Types Accepted
- Get Money Quickly
- Great Customer Service
- Small Website
- Lenders might have Fees
- 72 month maximum payment plan
In this Review..
What is Loansunder36?
Understand that Loansunder36 will not be your lender, and they will just connect you with the lender you will use. Since they have so many lending partners, it will not be an issue to find a personal loan for your needs.
As with all loans, the better your credit the better your interest rate will be. Don’t be discouraged if you have bad credit, as Loansunder36 will work to find you the best possible rate.
Loansunder36 Pros & Cons
Take a look at the different pros and cons to using Loansunder36 to find a loan.
- Guaranteed Rate Under 36%
Loansunder36 clearly promotes rates under 36%. While that is a steep interest rates, the rates do get lower if you have better credit.
- All Credit Types Accepted
If you stumbled into dire financial straits, it’s ok. This marketplace is here to help you, not chastise you for having poor credit. You can get a loan through this marketplace to help you work your way out of debt.
- Get Money Quickly
Loansunder36 promises you access to money as soon as the next business day. If you are in a pinch and need money quickly, this is the marketplace you want to use. Most competitor marketplaces cannot get you money that quickly.
- Great Customer Service
Loansunder36’s customer service team is top-notch. They understand financial discussions and decisions can be difficult and stressful, and they take their time with each customer making sure he has all the information needed to make an informed decision about a personal loan.
- Small Website
Some marketplace websites offer a lot of resources to help you understand debt relief and provide financial education. However, this marketplace keeps its focus mainly on your loan and the application process. While this is fine if you don't need additional financial guidance, some users may find it helpful to have more educational content available.
- Lenders might have Fees
While Loansunder36 does not charge fees to use them, you might find that some of the lenders do. This is fairly normal, but you want to make sure you read the fine print on any loan you sign up for so you have a good understanding of what you are paying for.
- 72 month maximum payment plan
How long do you need to repay your loan? If you require more than 6 years, you'll need to explore other options outside of Loansunder36. While 6 years is typically sufficient for most people, if you're taking out a larger loan and need a longer repayment term, you'll have to look elsewhere.
Should I use Loansunder36?
Loansunder36 connects you with different lenders, interest rates, and terms. The nice thing about this company is they will help you find a loan even if you don’t have great credit.
Interest rates, fees, and payment plans will vary depending on the lender you select, but it will be easy to compare plans and find out what is best for you. Keep in mind the interest rate may be high, and therefore you should carefully consider if you can afford it.
They are indeed a viable marketplace to consider when you are shopping for the best personal loans, no matter the reason you need the loan.
How to Get Rates on Loansunder36 Website?
- 1.
Start out by putting in the dollar amount for the loan you are requesting.
- 2.
Next, tell Loansunder36 how long you need to pay the loan back.
- 3.
Now you will start sharing personal information, starting with your location. They will take you through step by step with what they need from you.
- 4.
When you get to the end of the questionnaire to the end, you will see the loans and companies that matched with you based on your credit history. You will likely have a bunch of different rates and terms to compare and decide upon.
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APR Range
The annual percentage rate (APR) is the total annual cost of borrowing money. This rate includes the interest rate as well as any additional finance charges. When you take out a personal loan, for example, you may be required to pay loan origination fees.
| 6.99% – 35.99%
| 4.99% – %35.99
| 5.99% – 35.99%
|
Term
The term of your loan is the amount of time you have to repay it. For example, if you get a 24 months personal loan, the loan term is 24 months.
| 12-84 months | 6-84 months | 3-72 months |
Loan Amount | $600 – $200,000 | $1,000 – $100,000 | $1,000 – $35,000 |
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