Liberty Lending summary
- Easy online application process
- No prepayment penalties
- Solid customer reputation
- High maximum APR of 35.99%
- Website doesn’t list terms and fees
Variety of loan types
Offers most loan types
Good online resources but no mobile app
Customer services and support
Multiple ways of reaching lender, wide range of hours
Loan amount range
Loan amount up to $40K
Loan terms up to 60 months
Liberty Lending is a great option for anyone looking for quick, online access to personal loans. Once you apply online, Liberty Lending will send your funds to your chosen creditor as soon as the next business day. Liberty Lending only offers unsecured personal loans, so those seeking secured loans will need to look elsewhere.
It’s also a suitable loan service for those with low-to-mid-range credit, as 600 is the minimum credit score to qualify for a loan. To qualify, you also need to have a valid bank account, a minimum income of $1,000 per month, and a valid social security number. It’s also great for those who are protective of their credit, as you can get a quote with a soft credit check that won’t harm your credit.
Range of Loans on Offer
Liberty Lending offers unsecured personal loans available in amounts ranging from $3,500 up to $40,000. You can get a loan with 24-60 month terms, with an APR ranging from 7.62% - 35.99% . You can customize your loan term for periods in between (one month increments) as well as payment date and frequency of payment. Origination fees range from 2 to 5%. Because the loans are unsecured, they don’t require collateral.
Interest rates and potential loan terms vary depending on your qualifications and the amount of money you need. While Liberty Lending doesn’t charge any prepayment fees, you will be required to pay a $15 fee for a late payment.
Application Process & Requirements
To apply for a personal loan through Liberty Lending, you’ll need to be 18 or older and have a minimum monthly income of $1,000. Fill out an application through the company’s website. After answering a few simple questions and providing some basic information, you’ll receive a qualifying rate. You can then browse plans and decide which one is right for you.
Once you’ve chosen a plan, Liberty Lending will send your funds to the creditor as soon as the next business day. While Liberty Lending doesn’t have a mobile app, you can fill out the application from your desktop or mobile device in just a few minutes.
APRs, Loan Amounts & Repayment Terms
Liberty Lending offers fixed-rate APRs for personal loans ranging from 7.62% - 35.99% . You can get a loan for $3,500 to $40,000, with repayment terms available from 24-60 months. All personal loans are unsecured.
Privacy & Security
Liberty Lending is a safe and secure service to use. They have a score of 4.8/5.0 on TrustPilot out of 231 reviews. Additionally, they have an AAA+ rating by the Better Business Bureau and are BBB accredited. Liberty Lending also has a score of 4.40/5.0 on Consumer Affairs.
Liberty Lending states that they follow “generally accepted industry standards” to protect your personal information. When you sign up for an email or contact Liberty Lending with questions, they collect your contact information, including your name, email address, mailing address, and phone number.
Help & Support
Liberty Lending offers both phone and email support. Email support is available 24/7 at
. Phone support is available Monday-Friday, 9AM EST to 8PM EST at 800-606-8200.
How Liberty Lending Compares
|Minimum credit score||600||620||680|
2 to 5 years
|3 or 5 Years||2 to 7 years|
|Suitable for||Borrowers with low credit scores looking for a quick personal loan option||Borrowers with poor credit history||Borrowers with good credit scores looking to take out large loans|
Question: What are the borrower criteria for Liberty Lending?
Answer: To qualify for a loan through Liberty Lending, you need to have a minimum credit score of 600, be at least 18 years old, and have a minimum monthly income of $1,000.
Question: How much money can I apply for through Liberty Lending?
Answer: You can qualify for up to $40,000 in personal loans through Liberty Lending.
Question: How long is the application process?
Answer: You can apply for a Liberty Lending personal loan in as little as a few minutes. Once you’ve applied and chosen a loan, Liberty Lending will send your funds to the creditor as soon as the next business day.
Question: How do I apply for a Liberty Lending loan?
Answer: To apply for a loan, fill out the application on Liberty Lending’s website. You’ll need to provide some basic information, including your name, address, credit score, employment status, income, living expenses, and how much money you want to borrow.
Liberty Lending is a loan service that offers unsecured personal loans for borrowers with a minimum credit score of 600 and a minimum monthly income of $1,000. While they don’t have a mobile app, their online application is simple and straightforward, and they will send your funds to the creditor as soon as the next business day. While the maximum APR is a little on the higher end, Liberty Lending doesn’t charge any penalties for early payments, and could be a good choice for those with low credit scores or those who want a loan fast.
180 Maiden Lane, 28th Floor, New York New York 10038