LoanMe is a great place. They helped me right when I needed it the most with bad credit. Interest was pretty high but I expected that with my credit. I can say they were really fast at getting the money to my account within a couple hours and they're very patient at explaining everything clearly to you so you understand everything, as well as waiting for you to read everything in the contract. Definitely will do business again in the future and have already told a few friends in need about them. Thank you LoanMe.
Happy customer. This was super easy. My CS REP, John, was totally awesome. He was detail oriented, answered all of my questions and made the whole experience pleasant. It was super quick and easy. Thanks.
I got a loan from them and they are great. Hiep was awesome. He explained everything, no pressure, let me have time to get the docs all ready, very friendly... I have already recommended 3 people to go through them. The rates aren't bad at all. They are cheaper than most. I will use them again.
Thank you so much LoanMe for your help, I did not get the full amount that I need but still the amount that you lend helped me to cover some of my payroll. Thank you Curtis for your great customer service.
I want to say that Philip ** was very professional getting back with me for my loan information and that I appreciate the way he handled everything in a timely manner.
How do I know I can trust these reviews about LoanMe?
- 609,949 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
For more information about reviews on ConsumerAffairs.com please visit our FAQ.
Thank You So Much LoanMe! I really needed the money. Jessica was so friendly, thorough, helpful, and available to me. She assisted me with the process so that I easily understood everything about my loan.
I was pleased with my recent experience with LoanMe. I especially like how the representative carefully explained the details of the loan to me. It is only because of the high interest rate that I would hesitate to recommend LoanMe to a friend.
Great experience with LoanMe. Quick, friendly & efficient. It is an expensive way to go but, sometimes life makes a shift & a quick, kind relief is needed for a short period. Twice, LoanMe has been there for me. THUMBS UP.
I had a very good experience with everyone I had contact with, very helpful, patient. I don't remember what my number is but John ** was my contact. He was awesome.
I had a very good experience with LoanMe. The whole process was very easy and fast. I was able to complete the loan process within a day over the phone and online. Agent Jermaine ** did an excellent job in helping me to complete the loan application. I would definitely recommend LoanMe to a friend.
This was a great experience. I was helped right away. I had many questions, but was able to get the answers and reassurance I needed before receiving and accepting a loan. They are very flexible and are willing to work to all kinds of people. Great experience.
LoanMe was there for me when I was overcoming of obstacles and challenges. LoanMe helped me to stick with and pursue my goals through difficult circumstances. Thank you LoanMe, your services was a life changing experience.
LoanMe is great!!! It's so easy to apply and results are instant. It's safe and secure and there is no easier way to take out a loan. I recommend LoanMe to all my friends.
Scott was our rep and was great throughout the process. Overall the process was good. The underwriting process seemed strange, but in the end Scott was able to push everything through and got us funded. I would definitely recommend to friends and business associates.
LoanMe's customer service is excellent. And as long as you use as a short term loan option, it's a great way to get fast cash for those of us with challenged credit. Very easy & fast!! Love that you can get cash the same day!
My transaction was okay. They took awhile to return calls, but the interest rate is absolutely too high. It seems they are taking advantage of the consumer's desperation.
Interest rates are outrageously high. But in a time of need, the money was loaned in a timely manner. So two stars for the promptness and efficient service.
I requested the loan details by e-mail before the confirmation, but I got it later. The interest is very high, which would make me in more trouble. Anyway thank you for your kindness and I try to help.
The money I borrowed helps me a lot as of now.
I really appreciated how consistent she was on trying to get me qualified on the loan.
I want you to know that Holly ** help me through the whole process of my loan. She is amazing and made it all so easy. YOU are very lucky to have such a caring person working for you. Because of her I will recommend all my friends. Thank you, Holly.
I had a very pleasant and easy experience.
I was treated very kindly and with great patience. The lender walked me through the process and even was patient with me over the phone. I would highly recommend using them again if I ever need a quick loan to borrow money.
Really easy to work with. My credit is not good and they got me what I needed. Thanks so much. Will recommend to anyone.
After a few technical issues were cleared up the actual loan process was a breeze and went through without a hitch.
Tiffany was very helpful, professional, and knowledgeable. You need more person like her. She was very patient explaining everything by details why and how? The interest rate is high. Tiffany ** was awesome guiding me until the last minute of my decisions, more power to her and I will recommend your company (LoanMe) to my friends. It is a great experience plus to customer service too doing some follow up instructions... Have a great day...
Experience was awesome! Kristy ** was very helpful and informative. Told me exactly what documents needed, amount I qualified for and the whole process took 3 days which included the funding of the loan! Very pleased with the whole experience and would recommend to a friend!
It was a super fast process and I appreciate the help, though interest rates are VERY high but credit-based and I know I do not have the best. Overall, very pleased with how I was worked with and it saved me!
My experience was great! Eric who assisted me was professional and detailed. Being in the financial industry myself I appreciate his communication and professionalism.
I was pleasantly when my account rep contacted me regarding my loan and confirmed that she would be my single point of contact with Loanme. She is dedicated to my loan and will address any questions, issues or concern that I may have going forward. It is so nice to have that personal touch. When you call they are familiar with your account and know what is going on. Thank you so much for the personal touch.
Barbara FriedbergPersonal Finance Contributing Editor
Barbara Friedberg, MBA, MS is a former investment portfolio manager with decades of financial experience. Friedberg taught Finance and Investments at several universities. Her work has been featured in U.S. News & World Report, Investopedia, Yahoo!Finance and many more publications.
More about Barbara→
LoanMe offers unsecured installment loans to consumers and businesses. The company's primary focus is to provide personal or small business lending solutions. The company offers loans from $2,600 to $100,000 for purposes such as debt consolidation or costs associated with starting a new business. LoanMe streamlines the loan application process, making it easier for consumers.
- Easy loan prequalification process: LoanMe offers instant online loan qualification without impacting the potential borrower's credit score.
- Low rates and no prepayment penalties: LoanMe’s interest rates start at 9.9% (11.36% APR), and there is no penalty for paying the loan off early.
- Direct deposit: With application approval, consumers can receive their loan funds via direct deposit into a checking or savings account.
- Automatic payment withdrawals: LoanMe automates the loan repayment process, withdrawing loan payments from the borrower's bank account based on an agreed-upon repayment schedule.
- Three ways to apply for a loan: Applicants can call the company toll free to begin the loan application process with a live agent, complete the process online or use the company's website to request a callback from a live agent.
- Best for LoanMe's services are best for anyone looking for an unsecured personal consumer loan, individual’s ineligible for typical bank or credit union loans and those facing financial hardship.
Question and Answers - LoanMe
What are the most common misconception consumers have about your industry?
- Lack of transparency. LoanMe does its best to make the terms of the loan clear for customers before they decide to take a loan.
What is the greatest obstacle LoanMe is currently trying to overcome?
- A number of sites online display primarily negative reviews on our products and service. This, however, does not reflect the voice of all our customers. A great majority of our customers are happy with our service and we would like to change the conversations online to show this.
How has your industry changed in the last 5 to 10 years?
- In the past several years, it has been getting more and more difficult for the public to qualify for personal loans through traditional banks and other lenders. LoanMe is trying to fill the gap by helping customers who cannot find help through such traditional mediums.
How has LoanMe grown or evolved?
- LoanMe has experience steady growth since 2013.
How do you see the company growing or evolving in the future?
- LoanMe is focusing a lot on growing its Prime and commercial loans. LoanMe’s goal is to offer its products to a broader range of credit holders.
Where do great ideas come from in your organization?
- Great ideas come from customer feedback.
What problem is LoanMe trying to solve?
- The goal is to protect a good public image for LoanMe’s young brand.
What sets LoanMe apart from the competition?
- LoanMe has easily accessible loans for those with good credit and less than perfect credit, fast cash (cash in as fast as 3-4 hours) and low monthly payments.
What needs do your products or services fulfill, and how do you fulfill those needs better than your competition?
- Our quick loans serve customers who need cash fast. Funds may be deposited directly in as fast as 3 – 4 hours.
What are the most common misconception consumers have about LoanMe?
- Customers do not have to wait the full term of the loan to pay it off. Customers are able to pay off the loan at any time they like with no pre-payment penalties.
What are your company values?
- LoanMe has a responsibility to its customers to be open and honest, to treat customers fairly, and to be safe and secure. These principles affect everything the LoanMe is involved in, including the way it lends money.
LoanMe Company Profile
- Company Name:
- Year Founded:
- 1900 S. State College Blvd., Ste 300
- Postal Code:
- United States