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This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

ForwardLend Personal Loans Review

Jessica Cotzin Jessica Cotzin Last update:
Est. APR
4.84-35.99%
Max loan
$25,000
Term
61-84

ForwardLend is an online marketplace platform for personal loans that allows borrowers to get rates from multiple lenders within their network. It takes just a few minutes to fill out their pre-application form and doing so won’t affect your credit. If approved, you can receive funds as quickly as the next business day.

You can clearly find the range of APR and repayment terms from their partner lenders on their website, which is helpful to know before submitting your pre-application. More details like origination fees and prepayment penalties will only be available once you apply and have an offer.

If you’re looking for a personal loan, ForwardLend—like other marketplaces—make it easy and convenient to compare rates from different lenders.

ForwardLend Loan Types and Terms

Loan types Personal Loans
Loan amount $3,000-25,000
Repayment terms 61-84 months
APR 4.84-35.99%
Minimum credit score 530
Lender type Marketplace
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What is ForwardLend Good For?

Comparing personal loan rates

While ForwardLend isn’t a direct lender, their online personal loan shopping platform specializes in making the process seamless. You submit one quick pre-application and get offers from lenders who pre-approved you. The funds can be used for medical costs, home improvement projects, an upcoming vacation, or anything else you need it for.

You won’t find all the details about lenders before applying, but it’s helpful that ForwardLend gives you an idea of what to expect from their network of lenders by listing the APR range, repayment terms, and loan amount range so you don’t waste your time.

 

ForwardLend Personal Loans Pros

  • Funding as fast as the next business day
  • Easy and quick comparison shopping
  • Transparent about APR range and repayment terms from their partner lenders
  • Low starting point APR for best applicants (compared to competitors)

ForwardLend Personal Loans Cons

  • Phone number on their website is hard to find
  • Not a direct lender
  • Not as many resources (FAQs, blog, etc) as competitors

Application Process

To get started with the application process, visit ForwardLend.com and click on the Get Started button (which you’ll find on every page). You’ll be asked to answer a few questions about yourself, including the following:

  • What your credit score is
  • How much you’d like to borrow
  • The reason for the loan (such as auto repair, home improvement, etc)
  • Your personal information (like name, date of birth, address, SSN)
  • If you are in the military
  • Do you own your own home
  • Do you own your vehicle
  • Primary income source (job, pension, etc)
  • Job information (employer, salary, contact number, payment frequency)
  • Bank account type

This pre-application takes just a few minutes and won’t harm your credit score. After you submit your details and agree to their terms and conditions, you’ll receive loan offers from lenders in their network who have pre-qualified you based on the information you provided.

Just keep in mind that if you decide to move forward with a lender’s offer, all communication about the personal loan will be with them and not ForwardLend. You’ll also need to submit a full application with that lender and provide additional details, like bank statements and a hard credit check.

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Terms & Requirements

Here’s a quick look at the terms and requirements involved when taking out a personal loan through ForwardLend’s affiliate lenders.

Loan Requirements

  • Must be at least 18 years old
  • Must have provable income and a bank account
  • Loan requirements, like credit score range, will vary depending on the lender

Loan Terms

  • Loan amounts range from $3,000-$25,000
  • APR ranges from 4.84-35.99%
  • The marketplace is for personal loans only

Repayment Terms

  • Repayment terms are between 61-84 months

Privacy & Security

Similar to other lending institutions and marketplaces, ForwardLend shares your information with their partners and affiliates, which they disclose in their terms and conditions presented when you complete your online pre-application form. Their website uses a number of security measures to keep your data safe, like SSL encryption.

ForwardLend doesn’t share information about all the lenders they partner with but claim to only work with reputable and reliable lenders. It’s hard to validate this, however, since there aren’t many online reviews from their users.

Customer Support

ForwardLend is pretty limited when it comes to customer support and resources. You can reach them via the online contact form and they also list their phone number, which is hard to locate on their website.

Unlike many of their competitors, they don’t offer much in the way of helpful resources, like FAQs and a blog page.

Final Thoughts

Like other lending marketplaces, ForwardLend strives to make comparison shopping for personal loans a fast and easy online experience.

Their pre-application form is a bit longer than competitors and their website is fairly sparse when it comes to information consumers care about, like FAQs and more lender information, but they are transparent when it comes to the range of APR and repayment terms you can expect.

While there aren’t many online reviews from those who have used their services, it may be worth it to submit a pre-application just to see what kind of rates and terms you qualify for since it won’t hurt your credit score. Just remember to always read the fine print before committing to a lender’s offer.

Address

11835 West Olympic Blvd., Suite 1090, Los Angeles, CA 90064

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Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Jessica Cotzin Jessica Cotzin
Jessica Cotzin is a writer and the Lendstart authority on small businesses and personal loans. She has been writing about personal finance and the loans industry for a number of years, and holds a bachelor’s degree in journalism from Florida Atlantic University.
This review is based on the writer's personal opinion.