LendingTree Personal Loans Review 2023

Our experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

Who is LendingTree Best For?

LendingTree is a great personal loan option for borrowers who want to shop around for multiple rates at the same time. You may also be able to get a loan with a lower credit score, and use the money to consolidate debt or improve your home.

LendingTree Personal Loan Details

LendingTree loan amounts range from $1,000 to $50,000. LendingTree’s partner lenders offer loans all across the country.

Depending on your credit score and annual income, your APR will range from 5.99% to 35.99%. If you need to get a loan with a bad credit score, it’s a good option to have.

The minimum loan term is 12 months, and the maximum is 144 months. You can pay off loans from LendingTree’s partner lenders in full at any time with no early payment penalty.

After you’ve verified your information, the partner lender will get you your money with varying speeds, sometimes by the next business day. 

If LendingTree shows you loan offers with high interest rates, you may want to look into credit cards for people with bad credit and compare rates between a card and a loan. You might be eligible for a lower APR and better terms with a credit card. Weighing the benefits and drawbacks of personal loans vs. credit cards will help you get the best financial deal possible. 

LendingTree Personal Loan Pros and Cons

How to Apply for a LendingTree Personal Loan

1. Provide details on LendingTree’s website. You’ll need to input your email and basic personal information. Then you’ll be asked how much you want to borrow and how you plan to use the money. To get you a rate quote, LendingTree will run a soft credit check, which doesn’t affect your credit score. 

2. Preview different loan offers and choose an option. LendingTree will give you loan offers from partner lenders with a variety of rates and term lengths. Pick one you can fit into your monthly budget. 

3. Receive your funds after signing your agreement. The time it will take to get your money will vary depending on the partner lender you choose. 

4. Work loan payments into your monthly budget. Make sure you have enough money to cover all of your financial responsibilities. 

LendingTree Frequently Asked Questions

LendingTree Trustworthiness 

LendingTree is a Better Business Bureau-accredited company, and the BBB, a non-profit organization focused on consumer protection and trust, gives LendingTree an A+ rating. The BBB assesses companies by evaluating a business’ responses to consumer complaints, truthfulness in advertising, and transparency about business practices. 

However, good BBB scores don’t guarantee you will have a good relationship with companies. They’re merely a guideline to help you get started on your hunt for a personal loan provider. 

LendingTree does not have any recent controversies

Compare LendingTree Personal Loans

LendingTree Personal Loans vs. Credible

LendingTree has 15 partner lenders, while Credible has 17. Both marketplaces allow you to see many rates at the same time with one easy application. 

Credible’s rates range from 4.60% – 35.99%, while LendingTree’s rates are from 5.99% to 35.99%. Credible’s loan amounts are from $600 to $200,000, while LendingTree’s are from $1,000 to $50,000.

LendingTree Personal Loans vs. FinMkt Personal Loans

Both companies are personal loan marketplaces, but FinMkt is more opaque about its terms. Both lenders have partners that can deposit money into your account in as little as a day.

Both marketplaces allow you to use your loan funds for just about anything, including debt consolidation, vacations, and home improvement. 

Why You Should Trust Us: How We Rated LendingTree Personal Loans

We rate all personal loan products in our reviews and guides on a 1-5 scale. The overall rating is a weighted average that takes into account seven different categories, some of which are judged more heavily than others. They are:

• Interest rate (20% of rating)
• Fees (20% of rating)
• Term lengths and loan amounts (15% of rating)
• Funding speed (15% of rating)
• Borrower accessibility (15% of rating)
• Customer support (7.5% of rating)
• Ethics (7.5% of rating)

Each category’s weighting is based on its importance to your borrowing experience. Rates and fees have the most direct impact on the overall cost of your loan, so we weigh those the most heavily. Customer support and ethics are still very important parts of the borrowing experience, but do not directly tie to a personal loan’s terms, so they have less of an impact on the overall rating.

See our full ratings methodology for personal loans for more details.