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LendingTree Review

Reviews 13,879
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Reviews 13,879
Michael Dinich
May. 18, 2022
5 min read
Michael Dinich
LendingTree Summary
LendingTree lets borrowers take advantage of the competition between personal loan lenders to access better terms, rates, and loan amounts, even if you have poor credit. It gives customers the ability to compare offers simultaneously, empowering them to find a solution based on their unique circumstances.


  • Large network of reliable lenders
  • No fees for connecting with loan providers


  • Not a direct lender, meaning rates can vary
  • Specific information on loan types lacking

LendingTree LendingTree Visit Lending Tree


LendingTree was created with the specific goal of simplifying the loan research process for borrowers. Founded in 1996, it has quickly become one of the leading online lending marketplaces, giving customers the ability to compare offers from several reputable lenders simultaneously. LendingTree has a host of well-known lending institutions in its network and can provide customers with an unparalleled range of loan options for every need. It is important to note that LendingTree is not directly a lender, but can help you find the funding you need for any purpose.

Suitable For?

Borrowers who want to compare various loan offers

If you prefer to compare your loan options before making a final choice, LendingTree presents a solution. With LendingTree you can avoid the complicated process of applying for several loans separately, or having to do research on your own. Instead, LendingTree handles all the heavy lifting by delivering a list of lenders that are likely to approve you for a loan at beneficial terms.

Borrowers with bad credit

If you have bad credit, LendingTree offers you a solution because it works with different lenders, meaning that you are more likely to find a loan that suits your needs. The business model is based on loan providers competing for your business, which in most cases means you will get more favorable loan terms and amounts.

Loan Features

The most obvious feature that stands out is the swift process for finding the right loan. Normally, researching loans and finding the right provider could take weeks or even months. LendingTree has effectively streamlined the process, and takes just a few minutes to show you potential lenders that match your needs and creditworthiness by using a single pre-qualification application.

LendingTree offers personal loans for a variety of reasons, including medical expenses, major spending, and debt consolidation. It can generally offer good interest rates thanks to its competitive marketplace, where lenders will compete for a borrower’s business, and not the other way around. Moreover, if you need to see the real impact of a loan, or your expected repayments, you can use one of LendingTree’s great calculators to understand a potential loan’s financial impact. 

LendingTree’s highlights:

  • A collection of articles and guides
  • A competitive online loan marketplace
  • A single application to prequalify for most lenders
  • Use your loan for any purpose
  • Access a variety of different loan products
  • Find unsecured personal loans for up to $50,000
  • See the implications of your loan with repayment calculators
  • Responsive customer support

The Application Process

To get started, fill out a single application that pre-qualifies you for a range of different loans. This form does not ask for any sensitive personal details, instead focusing on your contact information and some financial specifics like your income level, housing status, and similar data.

LendingTree’s initial application does not include a hard credit pull, so your scores will remain unaffected. Once you have been approved, which takes a few minutes in most cases, you will be shown at least 5 options that match your creditworthiness and loan amount requirements. After choosing an option, you will finish applying directly with the lender selected.

Loan Terms

LendingTree offers a variety of different loan terms and amounts. Even if you have less than perfect credit you should get approved with relative ease thanks to LendingTree’s extensive network of lenders. 

LendingTree requirements:

  • US citizen or permanent resident
  • At least 18 years old
  • A verifiable bank account
  • A steady source of income

Furthermore, LendingTree also reviews your debt-to-income ratio, checks geographical location, and performs a soft credit inquiry to help increase the likelihood of loan provider approval. A lower credit score does not mean that you will be denied a loan, although it might result in higher interest rates. It is worth noting that while LendingTree does not require any further details, the lender you are matched with might make specific requests to complete your application. When applying with LendingTree, make sure to have the following documents prepared:

  • Recent paystubs
  • Proof of residence
  • A government-issued ID such as your passport or driver’s license

Overall, the interest rates and terms offered by LendingTree's partners are competitive. Additionally, LendingTree is flexible and will let you use the funds for most purposes.  

LendingTree offers to match you with lenders that can help you access financing for specific purposes such as major spending projects, home improvements, and debt consolidation. While LendingTree does not set interest rates itself, its lenders generally offer interest rates between 6.99% - 35.99%. Keep in mind that these rates may vary from lender to lender.

LendingTree LendingTree Visit Lending Tree

Repayment Terms

LendingTree offers a range of repayment terms for its customers. While specific loan terms are agreed upon with the lender you select, LendingTree’s partners offer loan terms that may range from as little as 3 months to as much as 180 months. Interest rates are also competitive, ranging from 6.99% - 35.99%. One of the benefits of LendingTree is that you can compare rates and terms across several competitors to find the option that suits your needs, even for the same loan amount. It is important to note, however, that LendingTree does not directly set your interest rate or repayment term. The company works with reputable lenders, who offer transparent terms and will negotiate directly with you before you sign any agreement.

Privacy & Security

The security of your information is a concern when using a service that shares personal data with loan providers. LendingTree recognizes this concern and addresses it by taking steps to protect your data. While LendingTree does share your information with third parties, it devotes effort to ensure safety, and is transparent as to how that information is used and with whom it is shared. Additionally, the company utilizes encryption on all their webpages, meaning that any information you share is protected and stored on secure servers.

Customer Service

Overall, LendingTree’s customer service is efficient. You can reach the company by telephone on weekdays and Saturdays during business hours, as well as via email. The company places emphasis on education in the form of informative articles about loans and personal finances. There is no FAQ section to be on the site, but nevertheless it’s easy to find most of the information you’ll need on the site. 

How LendingTree Compares

 lendingtree credible
APR6.99% - 35.99%5.20% - 35.99%
Minimum credit scorenone680
Loan amounts$1,000 - $50,000$600 - $50,000
Loan term3 - 180 mo.24 - 84 mo.

When it comes to APR rates, LendingTree is comparable to Fiona or Credible. However, where LendingTree really stands out from Credible and other top companies, is its lack of minimum credit score requirement, meaning lenders its network will offer loans to borrowers who have less than ideal credit. Even Financial asks for a relatively low minimum credit score with 580, whereas Credible only accepts borrowers with credit scores over 680.

In terms of loan amounts, LendingTree has a relatively low maximum, meaning it's better if you're looking for a smaller loan. If you need to cover a larger expense, Credible is a good option with a $50,000 maximum and Even Financial pulls ahead with a $100,000 maximum. However, LendingTree offers a lot of flexibility in terms of its loan terms, offering loans from as short as 3 months all the way up to 180 months.  


Does LendingTree charge any fees?

LendingTree does not charge any fees for putting you in touch with a lender. You simply fill out the online application and you will see different loan options within a matter of minutes. 

My credit score isn’t great, is this a problem?

There is no minimum credit score required in order to get a loan facilitated by LendingTree. In addition, when applying for a loan with LendingTree you will not be required to run a hard credit pull, which can affect your score. While you can still get approved for a loan even with not-so-great credit, keep in mind that this tends to mean you will receive a loan with less favorable terms.

What are the requirements for receiving a loan?

LendingTree requirements are quite straightforward - you must be a U.S citizen or permanent resident, you must be at least 18 years old, and you must have a verifiable bank account and a steady source of income. Keep in mind that once you reach out to a specific lender you may be asked for more documentation. 

What can I use my loan for?

LendingTree doesn’t stipulate any ironclad requirements for how you use your loan. The lenders the company links you up with can provide secured and unsecured personal loans from $1,000 to $50,000 for any purpose you need.


By placing the power in the hands of borrowers, individuals seeking financing can take advantage of the competition between LendingTree’s lenders to access better terms, rates, and loan amounts. LendingTree offers a single straightforward application for connecting borrowers to lenders and a user-friendly lending network that can even accommodate borrowers with less than stellar credit. Considering the variety of loan purposes and types, LendingTree can help you borrow the funds needed at rates designed to match your unique circumstances. Though not directly a lender, LendingTree’s network delivers competitive interest rates alongside loan amounts designed to cover your financing needs.

Physical Address

LendingTree LLC

11115 Rushmore Drive

Charlotte, NC


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Michael Dinich
Written by
Michael Dinich
Michael is the founder and CEO of He has worked in personal finance since 1999. He shares unique insights on how to save money, increase income and prepare for retirement. Michael is a sought-after finance professional in the areas of taxation, personal finance, and health insurance planning. He writes for BestMoney and enjoys helping readers make sense of the options on the market.
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