LendUp Personal Loans Review 2021


LendUp offers single-payment installment loans in eight states. The lender doesn’t require good credit or a credit check offers borrowers a way to earn points to gain bigger loans at lower interest rates.

  • LendUp doesn’t require a credit check.
  • Borrowers can earn better loan terms.

  • Some loans have short repayment terms.
  • Annual percentage rates can exceed 600 percent.
  • Loans aren’t nationally available.

Borrowers can use a LendUp personal loan for a variety of reasons. Common loan uses on its application page include:

  • Car expenses
  • Hospital bills
  • Vacations
  • Debt consolidation
  • Entertainment
  • Living expenses

That said, the lender doesn’t require borrowers to provide a reason for applying.

LendUp offers single-payment installment loans of up to $500 $1,000, respectively, depending on where you live.

Repayment terms can also vary by state range from seven to 31 days for its single-payment loans up to 12 months for installment loans. Approval is instant, LendUp can transfer the loan funds in as little as one business day.

Single-payment loans come with a fee of up to 25 percent, based on where you live, installment loans come with a fee that can vary by state. However, not all states allow a fee on the lender’s installment loans.

LendUp doesn’t run a hard credit check on its loan applications. To qualify, you need a checking account that accepts automated clearinghouse transfers. Prepaid debit cards savings accounts are not accepted.

You also must live in a state where LendUp operates: California, Louisiana, Mississippi, Missouri, South Carolina, Tennessee, Texas Wisconsin. However, some states don’t have both loan options.

LendUp has a B+ rating with the Better Business Bureau. In 2017, the Consumer Financial Protection Bureau received 14 personal loan-related complaints about LendUp’s parent company, Flurish Inc. The most common issues were related to:

  • Not being able to contact the lender
  • Problems with the payoff process
  • Unexpected interest fees

Flurish provided a timely response to the CFPB for all issues, closing 10 with an explanation, three with nonmonetary relief one with monetary relief.

Personal Loan Finder

Select your desired loan amount loan purpose, your credit score range, your state to see estimated annual percentage rates loan terms.

You can apply for close on a loan manage your account entirely online.

The LendUp Ladder feature allows borrowers to earn points to get the opportunity to apply for larger loans at lower rates. There are four levels: silver, gold, platinum prime. Borrowers can earn points for:

  • Receiving their first loan
  • Making on-time payments
  • Completing free financial education courses
  • Sharing a testimonial video of LendUp

The lender only reports payment activity to the credit bureaus once you’ve reached the platinum or prime levels, only with a prime-level loan is the reporting automatic.

  • People who want to apply for a personal loan without a credit check
  • People who need quick easy cash
  • People who live in a state where the lender operates



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