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LendingTree review

A marketplace loan for the best rates, found more easily

Our Verdict

LendingTree is an online marketplace for loans that allows you to fill out one application to get a comparison of various loan options. This makes for a quick and easy way to find the best rates and features of the loan you want. This applies to personal loans, auto loans, mortgage refinances, business loans, student refinances, credit cards and more.


  • Unbiased
  • Quick funding
  • Wide lender access


  • Fluctuating rates
  • Third-party variations

LendingTree: What you need to know

Whether you're looking for a personal loan, home equity loan, or any other of type of loan for that matter, LendingTree is a good place to start. This online marketplace for loans lets you fill out one application to get access to a whole host of loan offerings, so you can pick the best rates and features for you.

LendingTree offers lots of different loan types including personal loans, auto loans, mortgage refinances, business loans, student refinances and credit cards, to name a few.

As an impartial broker you can rely on LendingTree to be unbiased in the information it offers you. Of course there may be lenders not included, that could work for you, so perhaps be prepared to search further if you want to be totally sure you've exhausted every option out there. That said, as the nation's leading loan marketplace, this is a great one-stop-shop if you want an easy loan life.

LendingTree uses a super clean and minimal app which makes shopping around for your ideal loan, or just getting an idea of what you can afford, super simple. 

The idea is to create a place where banks compete, meaning the price gets driven down so you, the borrower, can win. With over 20 years of experience in this field LendingTree knows what it's doing and, as such, you should find everything you need quickly and easily. Free credit card checks and mortgage calculators help to show you what you could afford quickly and easily.

Here's everything you need to know about LendingTree.

Cost: How much does LendingTree charge?

  • Minimum APR: 3.99%
  • Maximum APR: 35.99%
LendingTree: Key Figures

APR variable: 3.99 - 35.99%

Loan range: $1,000 - $50,000

Min credit score: None

Term: 3 - 180 months

LendingTree itself, as a broker, won't directly charge you anything. It makes its money just from selling the loan for third-parties. So whatever price you see from the lender is what you get, no charges on top.

Loans vary widely since there are so many types on offer but the rates reach from a very low 3.99% right up to a high 35.99%. The loan types also vary from secured and unsecured so keep that in mind as a sort of charge, in case you are leveraging the value of your house, say, as part of the deal.

LendingTree: Bad credit specialist

  • No minimum credit score
  • No hard credit pull

LendingTree sources loans from so many lenders you immediately increase your chances of finding a loan, despite bad credit, by using the marketplace broker service.

Since the LendingTree rates vary from super low to the high 35.99% top end, there is a good chance you'll get a loan here where you may have been rejected in the past.

Admittedly that might mean you're paying a higher rate but getting a loan at all may be the goal here. Since there is no minimum credit score, with lots of factors taken into account, it's possible that you can get a loan here and repair that score by paying it back on time regularly. 

Another great feature for those with poor credit is the soft check on credit. Since you won't have to go through a hard credit check you don't need to worry about an application of a loan affecting your credit score anymore. 

LendingTree: Fast service

  • App based shopping
  • Instant figures

LendingTree is all about speed, getting you access to a wide variety of loan options right away from within the app. Since you fill out all your details on sign-up, you won't have to enter them again. Instead, you can simply flick through loan options and see results that could be available to you.

That said, this speed can come at a price as there are errors at times. This is simply where you may think you can get a loan, but when it comes to the application process proper, you find out that it's not available in your state, for example. It's rare but it happens. 

Also, you might not get the advertised rate when the more detailed application is completed if there is something that wasn't taken into consideration at the start, meaning you may pay more than advertised. But, of course, you'll be shown this before you commit to anything.

LendingTree: Calculators

  • Mortgage calculator
  • Credit card guide

One of the great features of LendingTree is the ability to use calculators. These are built to let you get a snapshot view of what you can afford.

This ranges from buying a house using the mortgage calculator, to getting a credit card using the credit card calculator. These work with simple slider systems that let you see how much you can afford based on your situation. Some of the calculators available to you are:

  • Personal loan calculator
  • Mortgage calculator
  • Auto loan calculator
  • Debt consolidation calculator
  • Short term loan calculator
  • Business loan calculator
  • Boat loan calculator
  • SBA loan calculator
  • Home equity loan calculator
  • VA loan calculator
  • FHA loan calculator
  • ATV loan calculator

LendingTree: Requirements to qualify

  • No minimum credit score
  • Over 18 and US citizen

The requirements to get on the LendingTree system are pretty minimal with absolutely no credit score minimum required, making this ideal for those with bad credit.

You must be a US citizen who is at least 18 years of age. You also need to have a regular income - it doesn't say a job specifically, but money needs to be coming in regularly from somewhere. You also need a verifiable bank account which shows that steady income.

When applying you'll need to fill out some details so be sure to have ready a recent pay stub, proof of residence and a government issued photo ID like a passport or driver's license. 

LendingTree: Fees

  • Vary based on the loan
  • Some have no fees

Since the loans from LendingTree vary, so too do the fee charges. Some have none at all while others come with some charges. There are a few to look out for.

Obligation fees apply to some, where you pay a percentage of the loan value upfront, with some as high as 6%. That means on a $10,000 loan you'll pay $600 upfront, so you actually get a loan of $9,400. That's a top-end, extreme case though as most charge nothing or a lower 1% rate.

Some loans will charge late fees for missed payments. Many have grace periods so you still have a chance to pay, some add the payment to the end, others let you off one a year. This varies widely so be sure to read what your loan does when it comes to missed payments. Some lenders also charge a fee if a payment bounces from an account with no funds - this is usually on top of the late fee.

Early repayment fees, that let you get out of your loan early by paying it off, may apply. These are rare for personal loans but for things like mortgages they usually apply. So if you're planning to get a chunk of money in the future this is worth checking into.

LendingTree: Application process

  • Soft pull
  • One application only

The application process is what makes LendingTree so helpful - you only need do it once and yet you can check lots of loans from that one process.

Fill out an application that pre-qualifies you for a range of loans. This requires financial specifics, rather than personal details. That means information like income level, housing status and such.

This will carry out a soft pull. The lack of hard pull means your credit score won't be affected. Approval takes a few minutes. Then you'll be presented with at least five loan options that match your credit level and amount required.

Once you pick an option for you that is when you'll need to continue the application directly with the lender. This is where more details may be required and a hard credit check could take place. 

LendingTree: What users say

  • Trustpilot score of 4.5 stars
  • ConsumerAffairs rating of 3.6 stars

Lendingtree has been rated by Trustpilot, which aggregates user reviews, as a 4.5 stars out of 5. This is based on over 7,000 reviews at the time of publishing which gets it a rating of "excellent" overall. That comes from 82% excellent reviews, 12% great, 2% average, 1% poor and 3% bad.

According to ConsumerAffairs, another user reviews aggregator, the rating is 3.6 stars out of five based on 289 reviews in the last year. This is based on 154 at five stars, 16 at four, 7 at three, 13 at two and 99 at one star.

LendingTree: Verdict

LendingTree is a great way to find a wide variety of loans quickly and easily while only filling out the one soft check pre-qualification application. The range of loans is wide as are the rates and loan periods. All come with useful loan calculators to give you an idea of what you can afford.

The competitive nature of this loan marketplace means you may get some of the best rates available. It also means that even if you have a bad credit rating there is a chance you will find a loan here that is available to you. 

The high end of the rates is very high and since these are third-party loans it is important to check if any fees apply, like late payment charges. 

If you want to save time and, potentially money, then LendingTree is an option that could help you when it comes to getting your loan.