LendingTree is an online loan marketplace where users have access to multiple offers from several lenders. Loans available in the platform include home equity loans, auto loans, business loans, personal loans, and more. In this article, we cover LendingTree reviews and rates. Ready to get started with LendingTree? Visit its website.
Summary of Positive LendingTree Reviews
Users who gave LendingTree a positive review said that getting financial assistance was fast and easy. Customers were also happy with the quality of their customer service.
One customer who gave LendingTree a positive review on Trustpilot said that he was approved for a car loan with a reasonable APR in just half an hour. He appreciated the quick process and that he was partnered with a trustworthy lender.
Summary of Negative LendingTree Reviews
Users who gave LendingTree a negative review complained about being bombarded with phone calls, emails, and text messages after submitting their contact information on the website.
One customer who gave LendingTree a negative review on the Better Business Bureau (BBB) said that he provided personal information to LendingTree to be able to compare home equity loan interest rates among different lenders. He was frustrated because his information was forwarded to multiple lenders and he started receiving numerous calls and emails. The voicemails he received said that inquiries were made on his credit report, which had a negative impact on his credit score.
LendingTree doesn’t charge their customers directly. Instead, they receive a commission from their funding partners. Fees and rates will depend on the lender customers choose. According to a third-party site, its APR for loans ranges from 5.99% to 35.99%.
All lenders have their own process of determining the loan amount customers qualify for, the interest rate, and other fees. Interested applicants need to complete an online form to compare costs.
Customers can also use LendingTree’s Business Loan Calculator to get an estimated amount of the monthly payments and total borrowing costs.
Ready to get started with LendingTree? Visit its website.
Top LendingTree Alternatives
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Check out the list below of some of LendingTree’s features:
- Mortgage Refinance
- Home Equity Loans
- Credit Cards
- Reverse Mortgages
- Mortgage Calculators
- Banking Products
- Personal Loans
Can interested LendingTree customers submit their loan request by mail, email, or fax?
No. LendingTree only accepts loan requests online through their web forms or over the phone, where their agents can confirm provided information.
Does LendingTree charge any upfront fees?
Once accepted for a loan request, are LendingTree customers obligated to accept an offer?
No. Customers are under no obligation to accept a loan offer that is presented to them.