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This website is an independent comparison site that aims to help consumers find the most suitable product for their needs. We are able to maintain a free, high-quality service by charging an advertising fee to featured brands whenever a user completes a purchase. These advertising fees might impact the placement of the brands on this page and combined with the conversion rates might impact the scoring as well which are further based on a combination of review findings, user experience and product popularity. For more information please review our how we rate page. We make best effort to present up-to-date information; however, we do not compare or include all service providers in the market.

LoansUnder36 Personal Loans

Jessica Cotzin Jessica Cotzin Last update:
Est. APR
5.99-35.99%
Max loan
$35,000
Term
2-72mo

LoansUnder36 is a loan aggregator that helps people with all types of credit scores secure personal loans. By simply filling out one application, a borrower can see loan offers from many lenders, and all of the loans are guaranteed to have an APR under 36%. While LoansUnder36 doesn’t offer any loans itself, it is a loan marketplace that allows borrowers to cut down on a lot of the time and paperwork needed to apply for personal loans.

LoansUnder36 Loan Types and Terms

Loan Types Personal Loans
Loan Amount $500 to $35,000
Repayment Terms 2 Months to 72 Months
APR Varies by lender with a range of 5.99% to 35.99%
Minimum Credit Score No Minimum Credit Score Required
Lender Type Loan Aggregator/Loan Marketplace
Good for: Low credit score, Smaller loans, Flexible repayment period

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Who LoansUnder36 is Good For

  • People with lower credit scores since LoansUnder36 does not have any credit minimum required to apply for a personal loan.
  • People that are looking to take out smaller loans. While the maximum amount of $35,000 may seem like a large number to many people, it is on the lower end of the spectrum when considering the average personal loan amount.
  • People that want flexibility in their repayment terms. Due to the fact that LoansUnder36 partners with over 100 loan providers, there is a whole lot of flexibility when it comes to the repayment terms that are offered.

For borrowers interested in obtaining a personal loan in the near future, LoansUnder36 may be a good fit. This review will dive into all of the finer details to help potential borrowers make a more informed decision. In this section, we will discuss the strengths or pros and the areas the company could use a little improvement.

LoansUnder36 Personal Loans: Pros

  • Borrowers only need one application to receive multiple loan offers, all at the same time
  • The range of loans offers are very flexible, and they can include many offered APRs and repayment different terms
  • Customers of all credit levels are welcome to apply, and there is no minimum credit score required to start an application
  • There is no application fee, and there is also no penalty for paying off your loan early

LoansUnder36 Personal Loans: Cons

  • A hard credit pull is used when borrowers submit their loan application
  • APRs can be as high as 35.99% for some of the offered personal loans
  • The maximum loan amount is $35,000 which may not be high enough for some potential borrowers

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The Application Process

In order to start the loan process, potential borrowers fill out the simple application located on the LoansUnder36 website. Keep in mind that this company is not a direct lender but is instead a market place or loan aggregator. However, since they work with over 100 vendors, potential borrowers will get many loan offers by simply filling out one application, and there are no application fees. Results come back in as little as a few minutes

This initial application asks from many of the basic details that you would expect in the loan process.

  • Name and Birthdate
  • Phone Number
  • Mailing Address
  • Email
  • Banking Information
  • Employment and Income Information

One thing to note is that this application does do a hard credit pull. This means that the personal loan inquiry through LoansUnder36 will show up on a credit report. In some instances, a hard pull can negatively affect your credit score by up to five points.

Terms & Requirements

There are no guarantees that a potential borrower will be approved for personal loans from any of LoansUnder36 partners, or it may be possible that a particular lender will ask for further information after the initial application. Lenders may ask for further proof of employment or ask for more documentation regarding your financial situation.

Loan Requirements

While there is no minimum credit score needed to apply, this particular loan aggregator suggests that before applying for loans, borrowers should make sure they meet all of the following requirements.

  • Have an active bank account; some lenders may require it to be a checking account.
  • Be at least 18 years old with a valid I.D.
  • Have steady employment or have another verifiable source of income
  • Be a U.S. citizen

Loan Terms

Due to the wide array of lenders that LoansUnder36 partners with, it is likely that a borrower’s application will bring in several different loan offers. Each of these lenders may allow for a lot of flexibility when it comes to loan terms. This loan aggregator can curate and produce offers in as short a time as two minutes from the time when the application was submitted.  Once a loan has been selected and approved, the funds can be ready the very next day in many cases.

The lending partners can offer loans for as low an amount as $500, but they also range all the way up to $35,000. Borrowers will find that the various lending partners have different minimum and maximum loan amounts that they allow, and the loan offers will need to be evaluated on an individual basis.

While LoansUnder36 doesn’t require that the personal loan money be used on specific purchases or purposes, it is possible that the vendors themselves may have stipulations for how the funds can be used. The vendors all have various APRs that will likely correlate with the borrower’s credit score, the terms of the loan, and the amount of the loan. However, they fall somewhere in between 5.99% on the low end, and 35.99% on the higher end. It is important to note that LoansUnder36 cannot guarantee any particular APRs as they are not the lender but only the loan aggregator.

Repayment Terms

Similar to the loan terms, the repayment terms are extremely varied and depend solely on the loan vender. Borrowers can enjoy both short-term and long-term repayment schedules as decided by the loan vendor. This flexibility is often praised by LoansUnder36’s previous borrowers because it allows so much control over their financial situations. The loans offered allow customers to adjust their loan to fit in with their current lifestyle and money needs. Repayment terms can be set at daily, weekly, or monthly intervals. The shortest time frame is 61 days, and the longest time frame is 72 months. However, most personal loan repayment terms fall somewhere in-between those two extremes.  Not all of the lender partners offer the same terms for repayment. However, no matter the terms that are chosen, there are no pre-payment penalties incurred for paying off your loan ahead of your repayment schedule.

Privacy & Security

LoansUnder36 is very transparent about the data it collects during the application process and while using the website in general. Customers enter a lot of personal information during the application process, some of which is considered sensitive personal details. That being said, LoansUnder36 makes a promise to not share any information with third parties with customer consent. Plus, they encrypt the date to keep it secure. Cookies are collected while using the website, but that information is also protected by LoansUnder36. When it comes to the mailing list and receiving promotional emails, customers have the option to opt out or be removed at any time.

Customer Support

There are three main ways of getting in touch with LoansUnder36 should you need. Customers can contact them by calling the telephone number, via email, or submitting a ticket on the website directly. In most cases, the most efficient way to receive a satisfactory response is to make direct contact via the telephone. Customers are connected with minimal wait times, and most questions can be answered right away. The email requests take slightly longer with responses, sometimes taking two business days.  While the wait is slightly longer than phone calls, the emailed responses are just as helpful and thorough as the telephone responses. Request tickets on the website generally take the same amount of times to resolve as the emails. For common questions, customers can check the FAQ section on the website for easy to understand answers.

Final Thoughts

Potential borrowers that are looking for flexibility and options will likely be fans of the service offered by LoansUnder36. One application gets potential offers from many lenders, and there is no minimum credit score required to apply. While LoansUnder36 cannot guarantee any loan approvals or specific terms, the APR range will fall under 36%. Borrowers can use the money on a multitude of purposes, including debt consolidation, home improvement, or a big family vacation. This is made even easier by the fact that the repayment terms range from over 2 months to 72 months. All in all, LoansUnder36 is a good fit for those potential borrowers that want to see a range of financing options, and then have access to the funds very quickly, often in the next business day.

Physical Address

DV Marketing Inc.

759 Bloomfield Ave. #244

West Caldwell, NJ 07006

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Disclaimer
This website is an independent comparison site that aims to help consumers find the most suitable product for their needs. We are able to maintain a free, high-quality service by charging an advertising fee to featured brands whenever a user completes a purchase. These advertising fees might impact the placement of the brands on this page and combined with the conversion rates might impact the scoring as well which are further based on a combination of review findings, user experience and product popularity. For more information please review our how we rate page. We make best effort to present up-to-date information; however, we do not compare or include all service providers 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.