Founded in 2012 in New Jersey, Loans Under 36 personal loans can help you access a range of loans amounts with customized repayment tenures per your preferences.
On top of it, once you are approved by lenders, except to see loans reach your account within a day or two of signing the loan agreement. Registering for the loan matching platform is easy and works completely online. Without the worry of credit scores or hefty salary, US citizens can access a payday loan almost instantly on this lending platform.
Based on Loans Under 36 reviews, we have examined the the offers of this lender-funded loan website as well as its pros and cons. Our review will highlight the rates, terms and fees of loans offered by this website via a simplified loan application process that can generate a loan request in less than 5 minutes.
Cons & Pros
- LoansUnder36 is a no-fee service you can use for free
- Access financing from $500 up to $35,000
- APR rates do not exceed 35.99%
- Repayment periods range from 61 days to 6 years depending on your choice
- A hard credit check conducted by lenders might knock a few points off your credit score
- There is no guarantee of getting a loan at desirable rates given it depends exclusively on lenders
Why Get a Personal Loan From Loans Under 36?
A loan comparison website that is funded by non-bank lenders, our Loans Under 36 reviews revealed an excellent strategy to access financing with or without a good credit score. Your loan requests are quickly processed by LoansUnder36 without hassle before matching you with loan offers. The most interesting bonus of signing up is that you may receive funds in as little as one business day after lender approval.
The name of the company highlights its purposeful approach to helping borrowers access loans at interest rates for less than 36.00% APR. In short, if your credit and income history is above average, you can get approved for a payday loan on the same day. Moreover, every lender on LoansUnder36 is screened by the staff according to our Loans Under 36 reviews.
Every one of the 100+ registered lenders follows standard lending practices, including hard credit checks with credit bureaus like TransUnion, Experian and Equifax to explore your creditworthiness. One of the best benefits we appreciated about LoansUnder36 was the attractive small loan amounts offered by this lender marketplace.
What does Loans Under 36 Offer?
We recommend LoansUnder36 because it does not discriminate if you are short on credit. The best bit about LoansUnder36 is that it accepts a plethora of reasons for applying for a loan. Additionally, once approved, funds may arrive as soon as the next business day per our Loans Under 36 reviews.
Uses for loans can include any of the following reasons:
- Credit Card Debts
- Medical Expenditures
- Business Bills
- Vacation Expenses
- Wedding Funds
- Debt Consolidation
- Emergency Expenditures
- Regular Installments
- Renovations & Repairs
- Personal Expenses
Loans Under 36 itself is not a lender, but merely a network of lenders. Hence, you will not be charged any hidden setup costs that most personal loan scams are known for.
Lenders operating in this loan matching network do not require any collateral to qualify, meaning only unsecured loans are issued through Loans Under 36 personal loans service. Because it is not directly a lender, your loan will also feature customized origination fees and penalties decided by the lender of your choice.
To apply for loans via LoansUnder36, you need to mind six points to assure your eligibility. Your application will be accepted quickly according to our LoansUnder36 reviews if you meet the following criteria:
- You must be a minimum 18 years of age
- You must be a resident of the United States
- You should have a bank account in your name
- You must have a legitimate income that is regular
- Your bank account should have direct deposit activated
- A checking account is a plus
If you satisfy all of the above, you can proceed to fill out the easily navigable online form on LoansUnder36. To access a lower Loans Under 36 APR rate, it is best to have a debt-to-income ratio of 35% or less based on our LoansUnder36 reviews.
How to apply for a Loan Under 36 loan?
It only takes about five minutes to register and apply according to our expert LoansUnder36 reviews and tests. You will have to fill in basic information to help the loan matching website find the best loan options. Details like contact information, income source, employment period, how you get paid, next pay date, employer details, monthly gross income (not lower than $100 or exceeding $25,000) must be shared.
Loans Under 36 will also request military service history in addition to sensitive information like driver’s license or state ID, license state, Social Security number, ABA routing number, Bank account number, deposit options, account length and bank account type. Your application and sensitive information are secured by LoansUnder36 safe and sound 256 BIT SSL encryption.
Once you’re done, LoansUnder36 will send you a list of matching lenders. You go can go ahead and discuss the terms and conditions directly with the vendor before getting your loan approved. Once finalized, Loans Under 36 reviews say the website will make sure you get the approved loan within one pay day.