LendingTree Reviews: Loan Requirements, Pros & Cons - Complete 2025 Guide
Connects borrowers with multiple online lenders, to compare offers.
Wide Range of Loan Options including business funding.
Submit one simple application and receive multiple loan offers within minutes.
Absolutely great customer service. Jim is such a professional and was able to get us funding. Thanks Jim and Upwise Capital.
Craig went above and beyond to get this deal done! I would highly recommend UpWise Capital if you're looking for a broker to get investors onboard.
Craig made himself available all the time, he was very attentive, professional and easy to work with. Highly recommend!
We worked with Leo for our line of credit. We are a trucking company an can be a challenge to secure financing. The process was smooth and fast funding. Our only complaint would be that Leo was a little impatience when it came to our decision making. We are very thankful for the funding and would do business with them again. Thanks,Upwise
Leo got us a line of credit loan very quickly to help with expenses we incurred during our new business building purchase.
You are always hesitant when working with a finance firm to borrow money to grow your company But, I highly recommend Upwise Capital. Lou and Marc went out of their way to ensure everything was taken care of. Very professional in all steps taken to secure the financing I needed. I look forward to continuing the business relationship.
I rarely write reviews, but my experience with Leo was absolutely. Leo was patient, knowledgeable, and extremely responsive. During a hectic work week he continued to bare with me to be sure that i had all the information I was requesting. He got me the capital I needed within one day. I highly recommend this company!
LendingTree at a Glance: Key Features and Services
LendingTree is a leading online lending marketplace that helps borrowers compare loan offers from multiple lenders. With LendingTree, you can explore options for personal loans, auto loans, home loans, and business loans to find the best rates and terms based on your credit profile and financial needs. LendingTree Personal Loans offer a quick funding process and a wide range of loan amounts and APRs. Founded in 1996, LendingTree has built a reputation for simplifying the loan process and empowering borrowers to make informed decisions. Their platform allows you to compare rates, loan amounts, and repayment terms from their network of over 300 lenders.
Quick Facts About LendingTree:
- Founded: 1996
- Loan Products: Personal loans, business loans, home loans, auto loans, and more.
- Loan Amounts: $1,000 to $50,000 for personal loans; business loans up to $500,000.
- Funding Speed: Same day to a few business days, depending on the lender.
- BBB Rating: A+
LendingTree’s loan funds are flexible and can be used for various purposes such as debt consolidation, vacations, and home improvement, with borrowers often receiving their funds quickly from partner lenders.
What You’ll Learn in This Review:
- What is LendingTree?
- How does LendingTree work?
- Loan products, terms, and eligibility requirements
- Pros, cons, and comparisons with other lenders
- Frequently Asked Questions (FAQs)
What is LendingTree?
LendingTree is an online lending marketplace that allows borrowers to compare loan offers from multiple lenders with just one application. LendingTree evaluates borrowers’ credit scores to match them with suitable lenders, considering both soft and hard credit checks. Whether you’re looking for a personal loan, auto loan, business loan, or home equity loan, LendingTree helps you find the best loan for your needs. Their platform simplifies the process of comparing rates, terms, and fees, saving borrowers time and helping them make better financial decisions.
Available Loan Products:
- Personal Loans: Loans for debt consolidation, home improvements, or major purchases.
- Business Loans: Options for working capital, startup funding, and business lines of credit.
- Auto Loans: Loans for new car purchases or refinancing existing auto loans.
- Home Loans: Includes mortgages, refinances, and home equity loans.
Industries They Serve:
- Small businesses across industries, including retail, construction, and healthcare.
- Individuals seeking financing for personal or home-related expenses.
How Does LendingTree Work?
LendingTree connects borrowers with multiple lenders through a single online application process. After submitting your financial details, LendingTree matches you with lenders based on your credit profile, income, and loan needs. Borrowers can then compare loan offers, including interest rates and repayment terms, to choose the best option. It is important to sign a loan agreement after loan approval, as it outlines the terms, fees, and conditions of the personal loan.
Key Features of LendingTree’s Process:
- Single Application: Submit one form and receive multiple loan offers.
- Personalized Matches: LendingTree evaluates your financial profile to match you with suitable lenders.
- Fast Results: Compare loan options within minutes after submitting your application.
LendingTree Financing Options
Personal Loans for
Debt Consolidation
- Loan Amounts: $1,000 to $50,000
- **Uses:**Debt consolidation, home improvements, major purchases, or emergency expenses.
- Interest Rates: Starting at 6.99% APR (varies by lender).
LendingTree’s personal loans are ideal for borrowers looking to consolidate debt or finance significant expenses. You can quickly compare multiple personal loan offers through LendingTree to find the best option for your credit score and financial needs.
Business
Loans
- Loan Amounts: Up to $500,000
- Uses: Working capital, equipment purchases, or startup funding.
- Options Include: Business term loans, lines of credit, and working capital loans.
LendingTree’s business loans offer flexible solutions for small businesses seeking funding to grow or manage cash flow.
Auto
Loans
Uses: Financing new car purchases or refinancing existing auto loans.
Interest Rates: Competitive rates based on credit history and vehicle type. Compared to the current high interest rate from a bank, LendingTree's partner lenders offer significantly lower rates, making it easier to find competitive interest rates for your car loan.
LendingTree simplifies the process of finding the best auto loan for your needs by connecting you with multiple lenders.
Home
Loans
- Loan Types: Mortgages, refinance loans, and home equity loans.
- Uses: Funding home purchases, renovations, or tapping into home equity.
- Interest Rates: Rates vary based on credit score and loan type.
LendingTree’s platform helps you compare home loan offers to save money and secure the best rates.
LendingTree Loan Requirements
Here is the basic criteria your business must meet for lending tree requirements:
- Minimum Credit Score: Varies by lender; some lenders accept poor credit.
- Annual Income: Must meet lender-specific requirements.
- Required Documentation: Proof of income, credit score, and bank statements.
- Loan Purpose: Must provide details on why you’re borrowing (e.g., debt consolidation, home purchase).
What You Need to Know
A few things to know when considering lending tree funding:
- LendingTree itself charges no fees; however, lenders may charge origination fees or other costs. Some lenders may charge an origination fee, which can vary between 3.00% – 8.00% of the total loan amount.
- Prepayment penalties depend on the individual lender’s terms.
- Flexible repayment terms ranging from 12 months to 30 years, depending on loan type.
- When completing an application with LendingTree, you will get contacted from multiple lenders competing for your business.
How to Apply to LendingTree
The LendingTree Application Process
Step 1: Complete the Online Application
- Visit LendingTree’s website and fill out the loan application.
- Provide basic financial details, including annual income, credit history, and loan purpose.
Step 2: Compare Loan Offers
- LendingTree matches you with lenders based on your financial profile.
- Review multiple loan offers, including interest rates, loan amounts, and repayment terms.
Step 3: Accept an Offer and Finalize
- Choose the best loan offer for your needs.
- Complete the lender’s application and receive funds in as little as one business day.
Pros and Cons of LendingTree
PROS
CONS
Apply Now for Business Financing
- Access term loans, lines of credit, working capital & more
- Secure the terms and conditions that make sense for you
- Apply for working capital and cash flow funding to cover inventory, marketing and operations
Stay ahead of the curve - get access today!
Upgrade your capabilities with specialized financing for almost any industry.
Why Choose Upwise Capital
Quick & easy application
Our simple 15-minute application gets you on your way to funding quickly. Most applicants receive a fast decision within hours of applying. Then just choose your loan terms and you could have funds deposited into your account as soon as 24 hours.
Ensure you make the wise choice
Every Upwise applicant gets a dedicated funding advisor who takes the time to understand your business and it's unique needs. We are here for your support throughout the entire funding process.
Access multiple financing options
Upwise has an extensive product suite and a network of business line of credit lenders. This means you're more likely to find the best match for your funding needs.
Is LendingTree Legit?
Yes, LendingTree is a legitimate online lending marketplace with an A+ rating from the Better Business Bureau. The platform has been helping borrowers compare lenders for over 20 years and is trusted by millions of Americans.
If LendingTree doesn’t meet your needs, consider exploring Upwise Capital for alternative financing options tailored to your requirements.
LendingTree Frequently Asked Questions - FAQ
What other lenders compare to LendingTree?
- Upstart: Focuses on personal loans with AI-driven approval processes.
- SoFi: Offers personal loans with no origination fees or prepayment penalties.
- Prosper: A peer-to-peer lending platform with competitive rates for personal loans.
What Happens After Applying with LendingTree?
After applying, LendingTree matches you with potential lenders who may contact you directly to discuss loan options.
Your in the marketing for financing, so these lenders will begin to email, text and call you to complete an application with them directly in order to provide you with offers.
Does LendingTree report to credit bureaus?
No, LendingTree itself does not report to credit bureaus. However, selected lenders may perform a hard credit check during the loan approval process.
How do I manage my loan with LendingTree?
After choosing a lender, you will manage your loan directly with that lender, not through LendingTree.
What is the customer experience with LendingTree?
LendingTree reviews highlight the platform’s simplicity and ability to connect borrowers with multiple lenders. Many users appreciate the ability to compare loans quickly, while some complaints focus on receiving multiple phone calls from lenders.
Testimonials:
- “LendingTree made it easy to find the right loan for my needs. I loved having multiple options in one place!” – Sarah R.
- “I found a great rate for a debt consolidation loan, and the process was simple.” – Mike T.
LendingTree: Final Verdict
Who Should Consider LendingTree?
LendingTree is an excellent choice for borrowers who want to compare multiple lenders to find the best rates and terms. It’s ideal for individuals seeking personal financing, home equity options, or business funding, as well as small business owners looking for flexible financial solutions. The platform’s ability to connect borrowers with various lenders makes it a convenient tool for exploring a wide range of options to meet diverse financial needs.
Who Should Look Elsewhere?
Borrowers who prefer the simplicity of working directly with a single lender might find LendingTree less appealing. Additionally, the platform’s model of connecting users with multiple lenders means applicants may receive numerous phone calls and follow-ups, which could be uncomfortable for some individuals. For those who value a more streamlined and direct process, alternative options may be a better fit.
Tips for Success with LendingTree
- Be prepared to receive offers from multiple lenders after applying.
- Compare loan terms carefully, including interest rates and origination fees.
- Use LendingTree’s free credit score tool to monitor your credit profile.
- Choose a lender that aligns with your financial goals and repayment ability.
Disclaimer:Â LendingTree trademark is owned by LendingTree, LLC. and its use herein is for reference purposes only. This does not indicate sponsorship or endorsement from LendingTree, LLC.Â