Investment Apps and Websites Review: Your Guide To A Seamless Online Loan Transaction

The best personal loan is the one that offers financial certainty by having fixed rates, repayment timetable, as well as fixed monthly payments. With this review, we are going to share with you important information on how this online loan marketplace helps you find the best personal loan option possible. review

In an article published by The Washington Post online, it says that as of the end of 2019, there are more than 20 million Americans who have taken out personal loans. Based on the said report, according to Equifax, personal loans in the United States are up to more than 10% of how it was a year before.

Apparently, experts were surprised by the increase in the number of Americans taking on so much personal loan debt in spite of the fact that at that time, the country’s “economy looks healthy and paychecks are growing for many workers”.

In the same article, it says that according to Experian, the average personal loan balance is $16,259, which is almost similar to that of credit card debt.


While there are a lot of factors to consider, one of the things that experts see as a major reason for the surge is the increasing number of financial technology or FinTech companies out there. FinTech companies operate mostly, if not entirely online, which makes loan transactions easier and more convenient.

Another factor for the rise of personal loans is the fact that this type of loan is unsecured, and can be used for almost any purpose.

Based on the current personal loan trend, experts believe that the number of personal loans will continue to increase this year and the years to come. Well, if we may say, given also the current situation in the country and in the world (in general), most likely, more people will rely on personal loans to get through.

Now, as mentioned, there are a lot of online lending companies out there. But apart from that, there are also a lot of online loan marketplaces that connect borrowers to the right lenders, making things even more convenient for consumers.

One of the online loan marketplaces is For sure, in one way or another, you have already heard of it or perhaps even encountered it online while you were searching for online lenders.

There is so much to learn about when it comes to online loan marketplaces, in this case, though, there is a lot to learn about – particularly, how you can fully take advantage of the services it offers.

With that said, in this review, we are going to provide you answers to some of the most commonly asked questions about this online loan marketplace.

Specifically, we are providing you answers to the following questions:

  • What is
  • How does work?
  • Why use
  • What do borrowers need to know about’s personal loans?
  • Who qualifies for a personal loan at
  • How to apply for a personal loan via
  • What are the pros and cons of using


First and foremost, let’s know more about the company itself —

Launched in 2017 and based in Roosevelt, Utah, is an online lending portal that connects borrowers to the right lending company. Yes, is not a direct lender rather an online loan marketplace that borrowers can take advantage of especially if they want to save time and energy from doing the search themselves. offers consumers with various services, which include peer-to-peer, bank, as well as installment loans.

Similar to other personal loans out there, personal loans offered by the company can be used for anything. Borrowers can use it for major purchases, medical procedures, home improvement, taxes to vacations, as well as debt consolidation, and many more. does have a wide range of participating lenders. This allows them to provide a lender for every type of customer.

Through this online lending portal, borrowers can get personal loans of up to $35,000 over a term of 6 years maximum without having to leave your home or exert too much time searching where to get a loan from. Needless to say, may be able to help you get funding in as soon as one business day.

As we go through this review, you will learn more about how it actually works, and how you, as a borrower, can take full advantage of this online lending platform.


As mentioned, is not a direct lender. It is an online loan marketplace. It acts as a middle-man between the borrower and lenders.

Being an online loan marketplace is actually an advantage since can give borrowers the ability to get loan quotations from different financial institutions or lending companies with just a single application.

Once you have already submitted an application, participating lending companies will then pull your credit report, and depending on your credit type, lenders may accommodate loans for credit scores ranging between fair to excellent. Borrowers with poor credit history, however, may still try as there might be other lenders that could accommodate your loan application.

When it comes to determining which lenders and loan programs will work best for a borrower, uses a particular algorithm. By using such an algorithm, choices are narrowed down to those who offer programs that will fit based on the borrower’s loan request or requirements.

While disbursement of funds will depend on the lender, may provide funding for as soon as one business day.


With so many options out there — direct lenders included — why use

One thing we like about this online loan marketplace is that it provides a straightforward process of requesting and signing up for a loan that fits best a borrower.

Apart from that, is completely free. You can use it without having to worry about being charged for a service fee or something similar.

Surely, lenders may charge you fees and penalties, but using alone, you won’t. That is why we highly recommend this as a tool where borrowers can shop and compare by simply sending one application.

Furthermore, also has other features that make it stand out from other online loan marketplaces. These features include:

  • is a member of the Online Lenders’ Alliance (OLA), which means the company commits to fair and honest consumer practices. More so, it means that the company is required to comply with all federal laws and regulations, as well as ensure the protection of its customers from fraudulent acts, and other illegal threats online. It is also expected to deliver the best user experience possible.
  • It offers flexible terms, which is precisely one of the reasons why the company rises to the top of the lending portal ladder.
  • The company offers a variety of loan options that consumers can choose from. Borrowers can choose from peer-to-peer loans, bank loans, or installment loans.


This review is useless if we will not tackle some of the most important loan aspects or details, which include the following:

  • Personal Loan Options
  • Loan Amounts
  • Interest Rates
  • Fees
  • Loan Terms
  • Repayment Options

Before you even head on to the portal and apply for a personal loan, make sure to know about these details first to ensure you won’t waste time and effort. The last thing you want is to send your application only to find out that the company cannot cater to your personal loan requirements.

With that, let’s tackle these items one by one:

Personal Loan Options

While there are a lot of online loan marketplaces out there, most of them offer one loan option only. With, the online lending portal provides borrowers three personal loan options: peer-to-peer loans, bank loans, or installment loans.

Similar to other personal loans, the ones offered by the company are unsecured loans, which means, borrowers, do not need collateral to be able to acquire a loan.

Meanwhile, just in case you want to know more about unsecured personal loans, here’s a very helpful guide from The Smart Investor:

Furthermore, these loan options may be used for various reasons (almost anything) like for home improvement, medical emergencies, vacation, wedding or any special life events, repair of a vehicle, and many more.

Loan Amounts

When looking for a personal loan lender, it is important to have a specific amount in mind already. This helps narrow down your search, or in this case, narrow down the choices.

While loan amounts vary from one lender to another, at, they offer loans provided by the company’s network of lenders that amounts from $1,000 up to $35,000. This makes it an ideal choice for people who are looking at borrowing money within that range.

Interest Rates

Another important factor that borrowers need to consider when getting a loan is the interest rate. As much as possible, you look for a lender that offers the lowest interest rate as this helps you save a couple of hundred or thousand dollars.

At, though, most personal loans (offered by their lenders) have an interest rate that ranges between 5.99% for borrowers with pleasing credit score and income profiles, and 35.99% for those with unattractive or low credit scores. 


As mentioned earlier, using is free of charge. However, its network of lenders may charge various types of fees (the fees and the amount vary from one lender to another).

In most cases, lenders may charge an origination or application fee, which basically covers administrative services. This fee is usually based on a percentage of your total loan amount. Usually, though, it ranges from 1% up to as high as 8% of your loan amount.

Furthermore, some lenders may also charge late fees. While most do not charge prepayment penalties, some may also do.

Thus, it is important to check your loan documents for these charges so you won’t get surprised along the way.

Loan Terms

Again, when it comes to loan terms, it varies depending on the lender. But generally, network of lenders offer loan terms that range from 3 months up to 6 years.

Repayment Options

As we have said, since is just a platform used to connect borrowers and lenders, in terms of repayment options, it also differs from one lender to another.

However, to give you an idea, some lenders offer a bi-weekly repayment option, while others on a monthly basis.


At this point in our review, we are going to provide you information about the requirements you need to meet in order to be able to avail of a personal loan from the company’s network of lenders.

While every lender does have their own set of requirements, generally speaking, lenders look for the following:

  • Must have at least 580 credit score
  • Must be a U.S. citizen or a permanent resident card holder
  • Must have stable employment (borrower could be employed, self-employed, or receiving a pension, or could have Social security or any other forms of government benefits)
  • Must earn at least $2,000 a month (could be higher depending on the loan amount a borrower is requesting, and other factors like monthly house payment, debts being paid, etc.)

In addition, to qualify for a loan through you will also need the following requirements:

  • Must be at least 18 years old (or 19 years old depending on the state you are from)
  • Must have proof of citizenship like Social Security number or legal residency
  • Must own a checking account


So, now you already know what is all about, how it works, as well as the qualifications you need in order to be able to acquire a personal loan via this online loan marketplace.

Now, the question is how to actually apply for a personal loan via

To answer this question, here’s a step-by-step guide for your reference:

STEP 1: Submit a Loan Request Online

Go to the website, and look for the online request form. The form is basically the same as any other online lending portals out there.

You will be asked to provide standard information including your name, email address, phone number, zip code, as well as your birthdate and military service status (if applicable).

You will also need to provide loan information like how much money do you need to take out for a loan, why you are requesting for a loan, and what kind of credit you have at the moment.

Furthermore, your state ID number or your driver’s license will also be asked, as well as your security number, and the type of bank account you are going to use for the loan.

STEP 2: Receive Loan Offers from Lenders

In just a few minutes, you will receive loan offers from actual lenders. That’s actually what we like about online portals. They revert quickly as compared to traditional banks.

STEP 3: Check and Review, and Accept Loan Terms

At this point, you will have to check and review the loan offers. Compare them side by side to be able to choose the best one for you.

Once you have decided, it’s time to accept terms. By the way, make sure to review thoroughly — check every single detail, and make sure you understand all of them to avoid problems in the future.

STEP 4: Receive Funds

Once you have reviewed and accepted the loan offer, the lender, through will then disburse the approved loan amount. While the process of disbursement depends on a lender to lender basis, it could be deposited to your account in as soon as one business day.


This review, similar to other reviews we made will not be complete without our list of pros and cons of the things that we like and do not like about the company’s services.

Without anything further, here are highs and lows:


  • It’s free. is absolutely free. Imagine using a platform that makes searching for a lender easier without having to pay a single cent. That is simply amazing, right?
  • High Loan Amount – While loan amounts vary from one lender to another, most of the lenders within the network of offer personal loans up to $35,000.
  • Multiple Lenders – In just one application, you get to enjoy various loan offers from the company’s network of lenders — there are a lot of them composed of banks and credit unions.
  • Soft Credit Pull – allows you to apply using a soft credit pull, which does not affect your credit score.
  • Low-Interest Rates – This, however, is applicable only to those with excellent credit scores.


  • Not a Direct Lender – Unfortunately, only acts as a middle-man that connects borrowers to lenders, and vice versa.
  • All-Online Application – Since the platform is only available online, this may be an issue for non-tech savvy customers.
  • Disclosure of Significant Personal Information – Since is an online loan marketplace, you basically are sharing personal information with an unknown number of lenders, which may be a little risky.


To sum it all up, is ideal for people who want to borrow money but have no time to look for a lender by themselves. It’s perfect for people who want to save time by sending just one application form to a number of lenders.

While the company is a good fit for borrowers with decent or excellent credit scores, it may not be that ideal for those with fair or low credit records.

Do you find yourself using an online loan marketplace such as after learning about it?

Hopefully, through the information we share in this review, we are able to provide you a good option when it comes to getting a personal loan using online lending platforms such as