LendingTree Visit Site

Pros / As a broker, LendingTree connects you with multiple choices in lenders and loan offers.

Cons / Because it works with hundreds of lenders, this online loan broker cannot answer questions for you about the loan process.

 Verdict / LendingTree does not loan money. Rather, it connects you to multiple lenders who can fulfill those needs. As such, it's the best choice for online personal loans because it handles much of the research for you and gives you the best range of possibilities.

TopTenREVIEWS - Gold Award - Awarded for excellence in design, usability and feature set
TopTenREVIEWS - Excellence Award - Awarded for excellence in design, usability and feature set

When you need an online personal loan, there are a lot of factors to consider aside from expediency. You need the best rates and terms you can work with. If your credit is not great, that narrows your choices and can make your search harder.

As a broker rather than a traditional lender, Lending Tree can do some of the legwork for you by matching you up with a choice of lenders who may be a good fit for you. When you fill out an application with this broker, it searches its network of lenders to provide competitive loan offers from top lenders in the country, some of which we have reviewed on this site. It shares these offers with you, and from there, you can call the individual lenders for more information or choose one based on the best offer. This online loan broker has facilitated more than 55 million loan requests to the tune of $251 billion in closed transactions.

Because LendingTree does the legwork for you and provides a range of quotes, it earns our Top Ten Reviews Gold Award for online personal loan providers.

Application Process

LendingTree can help you find an online personal loan for a variety of needs, such as weddings, travel, holidays, medical expenses or debt consolidation. You can find some sample rates and terms online which represent an average range for its network of lenders. Your specific rates depend on the company you choose and your qualifications.

When applying for a loan with LendingTree, you fill out an online pre-qualification form that asks for your basic information, including your location, credit score, income and assets as well as your existing debts. It uses that information to find the best lenders for your situation and then provides you multiple loan offers from several lenders. You can then compare offers side by side, select the lender you want and continue the process with them.

While getting the initial quotes is generally fast, the rest of the process for approving your loan varies depending on which lender you choose. LendingTree has lenders in all 50 states and in Washington, DC, so if you prefer a bank that you can go to in person, you may be able to find one with a local branch.

With this broker offering you multiple offers, you have a better chance of qualifying due to wider range of accepted requirements and terms. Some of LendingTree's banks work with less-than-perfect borrowing situations, so even if you don't have great credit, you may still qualify.

If you do not want to apply online, you can call LendingTree. The customer representative will take your information and connect you to a lender. If you do not like the lender you speak to, you can call back to get a different option.

Customer Support

LendingTree only takes information and passes you on to a lender, and its network has hundreds of banks, each with its own way of doing things. Therefore, it cannot definitively answer questions about the loan process, as that varies by lending institution.

The customer support reps are pleasant, however, although they were anxious to connect us to one of their lenders. In addition to contacting it by phone, we also emailed the company. LendingTree replied promptly to our email but could not answer most of our questions because they depended on information only the lender could provide.

The website has a loan payment calculator to help you determine your monthly payments. This can be handy when comparing loans or determining how much you can afford to borrow before you fill out the application.

The LendingTree website provides education on different loan types as well as financial advice. One of its most valuable resources is a database of reviews from real customers for the lenders it works with. The reviews provide a star rating along with customer reviews. This is a good resource even if you decide to do your own research instead of working through LendingTree. Some companies have hundreds of reviews.

Repayment Options

LendingTree takes your information and connects you with lenders, but it does not handle your loan after that point. Therefore, what repayment options you have depend entirely on the online lender you go with. The upside to this is that you can select the lender with the best repayment options for your needs.


LendingTree stands out among the competition because it offers choices. LendingTree connects you with multiple lenders and offers, giving you a wider range of rates, terms and repayment options. It can also help if your credit or financial situation is not as sound, as its network includes online lenders that work with people in difficult situations. When you have the offers, you can compare what rates are available to you and then choose the best online personal loan for your needs.

LendingTree Visit Site