Credit Loan Compare Review

ByBestmoney StaffAug. 01, 2019

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In a Nutshell

Credit Loan Compare is a personal loans portal that connects borrowers with lenders that fit their needs. With a large network of lenders to work with, Credit Loan Compare makes it easy to get the loan you need. What’s more, Credit Loan Compare has no credit score requirement, so even if you have really poor credit, you can still expect to get approval for a loan.


  • No credit requirement
  • Immediate response to loan request
  • Personal loan calculator online tool


  • Only up to $5,000 loans
  • No phone or live chat support

Credit Loan Compare at a Glance

Loan typesSmall amount personal loans
Loan amountUp to $5,000
Repayment terms24 months
APR5.34% - 35.99%
Best forBorrowers seeking small money loans

Credit Loan Compare Credit Loan Compare Visit Credit Loan Compare

Best For?

Credit Loan Compare works best for people who are looking for a quick and easy way to take out small loans. You won’t find any mortgages, auto loans, or other major expense loans here, but if you need a small amount of cash, Credit Loan Compare is a great place to look.

Range of Loans on Offer

Credit Loan Compare is a lending marketplace with loads of lenders to work with. One of the primary advantages of working with this network is that you aren't required to have sterling credit history. In fact, even bad credit applicants have been known to get their loans here. Credit Loan Compare lenders work exclusively with personal loans, which means there are no strings attached to the loans. The money that you are borrowing can be used however you want, whether it's to pay off mounting medical bills, consolidate credit card debt, or go on vacation.

  • No credit requirements
  • Fast loan approval

The Application Process

Credit Loan Compare is easy to work with, one of the biggest benefits of this portal. The best part is the convenience and speed. Instead of filling out multiple applications to send off to multiple random lenders, you fill out one application form, and it gets sent automatically to the entire network of lenders. This saves you time and annoyance. Here’s how to apply with Credit Loan Compare:

  1. Start by completing the online application form. Credit Loan Compare asks the same questions that any online lender or portal will ask. Expect questions like your email address, phone number, monthly income, credit range, and whether you're in active military duty.
  2. Credit Loan Compare will go through its network of lenders to see if one fits your criteria.
  3. If someone fits, you’ll receive loan offers. These are not legally binding, and you don’t have to accept any of them.
  4. If you like one of the offers, you’ll be put in touch with the lender directly.
  5. From there, you will be asked to confirm your information and agree to the loan terms.
  6. Once signed off on, you can receive your money within a day or two.

The whole process is done online which makes everything much faster and easier than traditional bank loans. Credit Loan Compare also works with a lot of lenders, so you are likely to find one that has the terms you like.

How Much Can You Borrow?

You can borrow up to $5,000 from one of the lenders within the Credit Loan Compare network.

Loan Requirements

Credit Loan Compare doesn't set requirements, and even the ones set by its lenders are pretty flexible. For example, there are no credit score requirements, making it a lot easier for the average Joe with bad credit to get the loan they need. What is a requirement? Just the basics:

  • You must be 18 years or older
  • You must be a legal American citizen
  • You must have a checking account

Other things that help are having a good credit score, steady income, and direct deposit, but these aren’t requirements.

Repayment Terms

Credit Loan Compare is not a direct lender. As such, it does not set any repayment terms, APR, or requirements. The terms of your loan will be solely dictated by the lender that you connect with.

Privacy & Security

Credit Loan Compare uses various forms of encryption to keep your information safe and private. Any data that is transmitted will be encrypted using AES 256 bit encryption, the same kind of security measures used by banks and high profile organizations. The site is also protected by McAfee antivirus and data security suite.

Help & Support

One area Credit Loan Compare needs work on is customer support. There aren't many options available if you need to get in touch. You basically have one option, an online contact form. You submit the form with your email address and question, and a customer service rep will get back to you. While the representatives are friendly and can generally answer your questions well, it would be nice to have a live chat or at the very least a phone number to get in touch with someone.

How Credit Loan Compare Compares

APR5.34% - 35.99%2.49% - 35.99%2.49% - 35.99%
Minimum credit scoreNone580580
Loan amountsUp to $5,000Up to $100,000Up to $100,000
Loan term24 months24 - 84 months3 - 96 months
Best forSmall money loansLarge loan amountsLong-term loan repayment

As you can see, Credit Loan Compare doesn't offer the same big-ticket loans that some of the competition like Monevo and Credible do. However, it is the best option if you are looking for small money loans, and since Credit Loan Compare accepts borrowers with every type of credit, you’re more likely to get approval here than you would with Credible.

On the other hand, if you need a lender that will let you spread out your loan repayment, then Monevo is a great option. You can spread out payments over 96 months, if necessary.


Bottom line, Credit Loan Compare is easy to work with. The online interface and clear website made the process fast and smooth. And with easy eligibility requirements, a wide network of lenders, and flexible repayment terms, there’s every reason to give this totally free service a try.


Q: Can I still find a lender through your network if I live on a fixed income?

A: Yes, in fact, many of Credit Loan Compare lending partners cater to people who receive government benefits whether it’s Social Security, Veteran’s, Retirement, or some other benefit.

Q: What can I use my loan for?

A: Because Credit Loan Compare specializes in personal loans, there are really no limitations as to what you can spend your loan on. Some of the common uses for these loans include:

  • Loan consolidation
  • Credit card payoffs
  • Home improvements
  • Vacations
  • Medical expenses
  • Marriage and wedding expenses
  • Education
  • Small business
  • Daily living expenses
  • Emergencies

Q: What is the interest rate I keep reading about?

A: The interest rate is the amount you’ll be charged in order to take out the loan. This is charged in the form of a percentage. So, if you take out a $1,000 loan and you are charged a 3% interest rate, you’ll end up paying back $1,030 at the end of your loan ($1,000 for the original amount loaned and $30 in interest).

Q: When will I receive my money?

A: Exact times vary based on each lender's process, but many Credit Loan Compare lenders will directly deposit your loan amount into your bank account as soon as the next business day.

Physical Address

3820 Northdale Blvd Suite 200B

Tampa, FL 33624

Credit Loan Compare Credit Loan Compare Visit Credit Loan Compare