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LendGenius

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LAST UPDATED: April 9th, 2021

LendGenius is an online marketplace personal loan lender, connecting borrowers with various lenders in its network. Borrowers of all credit levels are welcome to apply.

LendGenius has various loan options available to borrowers with loan amounts ranging from $1,000 to $35,000, but personal loan amounts typically only range from $1,000 to $5,000. While rates and terms will be dependent on the lender you choose, you can expect loan terms between 12 to 30 months.

In addition to personal loans, LendGenius also provides business loan options, particularly for small business owners.

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Attention: LendGenius’s lender network includes Tribal lenders.

When you apply for a LendGenius personal loan, you may be given the option to obtain a loan through a Tribal lender. These lenders are subject to tribal and certain federal laws, and rates and fees may be higher than those of state-licensed lenders. If there are any issues with your loan, you may also be subject to dispute resolution in a tribal jurisdiction. Take time to read and understand the terms of loans offered by a Tribal lending partner.

Continue reading for a full review of the company.

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The Good

  • All Credit Levels Welcome to Apply
  • Quick Online Application Process
  • Variety of Loan Options
  • Educational Tools and Resources

All Credit Levels Welcome to Apply

Borrowers of all credit levels are welcome to apply for a personal loan through LendGenius. The company is able to provide loan options to those with less-than-perfect credit because it is not a direct lender and instead connects borrowers with multiple third-party lenders. 

However, if you have good credit or excellent credit, you may be in a position to get lower interest rates than if you have poor credit.

LendGenius does not provide a minimum credit score, but it is important to note that credit score requirements may vary by lender in LendGenius’s network, and so approval is never guaranteed.

Quick Online Application Process

As an online marketplace lender, LendGenius simplifies the loan application process by keeping it entirely online. A quick, online application process can save you time, but can also provide you with instant lender options, as well as an instant approval decision.

When you apply, a credit check will be performed to review your creditworthiness, which can also include verification of your social security number, drivers license number, or any other type of identification.

Variety of Loan Options

LendGenius offers a wide range of loan options:

  • Personal loan
  • Short-term loan
  • Unsecured personal loan
  • Fast Cash loan
  • Signature loan
  • Online loan
  • Installment loan
  • Debt consolidation loan
  • Personal line of credit
  • Emergency loan
  • Title loan

These options provide borrowers with greater flexibility in finding the best loan for their needs, as well as the best lender for their needs from LendGenius’ lender network.

Educational Tools and Resources

To help borrowers understand the ins and outs of borrowing money, whether that be through loan or credit card, LendGenius has a helpful blog with credit card and loan expert reviews, as well as basic loan information.

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The Bad

  • Not Available in All States
  • Undisclosed Rates, Terms, and Fees
  • No Over-the-Phone Customer Service

Not Available in All States

LendGenius’s loan products and services are unavailable in the following states:

  • Arkansas
  • New York
  • South Dakota
  • Vermont
  • West Virginia

If you reside in any of the states listed above you will need to look into other personal loan lending options.

Undisclosed Rates, Terms, and Fees

Because LendGenius isn’t a direct lender, specific interest rates, terms, and fees are not provided on the company’s website. Instead, these specific loan factors will be determined by the lender that you choose to work with from LendGenius’s network.

That being said, LendGenius does outline that it doesn’t charge any fees to apply, and borrowers can expect rates from 35.99 percent APR and below.

In addition, LendGenius doesn't provide any information on whether or not it accepts joint applications or cosigners. It is likely that this information is specific to each lender in LendGenius' network.

No Over-the-Phone Customer Service

LendGenius seeks to streamline the personal loan process by keeping everything online, including customer service. The company doesn't offer any service to speak to a representative over the phone, which may be a drawback for some customers, particularly if you'd prefer to speak with someone about any questions or concerns.

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The Bottom Line

If you have less-than-perfect credit, LendGenius could be a viable option for your personal loan needs. The company does not have a minimum credit score requirement, and connects borrowers with multiple lenders, allowing you to choose the best lender for your needs.

Rates, terms, and fees will be dependent on the lender that you choose to work with. It is important that you ask your specific lender questions at the beginning of the loan process to avoid any surprises.

View Best Personal Loan Companies

Currently, LendGenius reviews are limited. If you have borrowed from this personal loan company, please tell us about your experience by leaving a review.

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