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LoanMe
AUTHORIZED PARTNER

LoanMe

 4.4/5 (525 ratings)
  • 5 stars
  • 4 stars
  • 3 stars
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  • 1 stars
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About LoanMe

LoanMe provides small, unsecured loans to businesses and individuals alike. Individuals apply for personal loans starting at $600, and small businesses can apply for business loans starting at $3,500. Its rates range from 14.9% to 159%, and it works with a variety of credit histories. The company’s application takes place online, and many borrowers are approved in minutes.

Overall Satisfaction Rating

  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars

Pros

  • Receive funds within 3 to 4 hours
  • Apply online in minutes
  • Small business and personal loans
  • No minimum credit score

Cons

  • High APRs
  • Limited availability

Bottom Line

LoanMe is an online small business and personal loan lender that offers loans from $600 to $250,000. LoanMe has a quick online application and no credit score requirements.

LoanMe Reviews

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Page 5 Reviews 100 - 130
Rated with 4 stars
Verified Reviewer Verified Buyer
Original review: March 10, 2018

The folks, Sam & Kein, were very helpful and informative. They explained everything to me including the length of the contract and all options I could have, paying off the loan sooner, etc. I was informed when my first payment would be and my last. The different amounts of interest and how the interest rate would decline with early payoff. Most important was how they treated me. They treated me with respect, consideration, and as a valued client. Thanks.

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Rated with 1 star
Verified Reviewer
Original review: March 9, 2018

If I could give 0 stars, I would. This is a company to stay away from. I make my monthly payments every month and I wanted to pay $1000 towards the principal only. I was told that interest from arrears would be taken from the $1000 payment as well, instead of it just going to principal. This company is a total ripoff. They are not worth it. If you can get a loan with a company that is in good standing. This company has a lot of complaints and bad reviews.

5 people found this review helpful
Rated with 4 stars
Verified Reviewer Verified Buyer
Original review: March 6, 2018

Kevin was very thorough and helpful. He returned my call when I missed his call or vice versa. Even though I rate my experience with "Happy with the experience" and not recommend to a friend, is I don't think they could afford the interest rate and don't want to give them hope on a loan they can't commit to.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Feb. 18, 2018

The process was extremely easy, thorough, and quick turnaround. We didn't start the process until a Friday morning and by the close of business on Friday our account has been funded. A very useful service for a small business. We look forward to using them again in the future.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Feb. 16, 2018

LoanMe is a good company with great employees that have great customer service skills and they work with you through the whole process. I will refer them to family, friends and colleagues. It was a great experience working with LoanMe. Looking forward to continue working with this company and they made me feel welcomed.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Feb. 16, 2018

I would like to thank Tim ** for his excellent service he provided to me during the process. He was very helpful and knowledgeable and very consistent. Most of all I received the funds as promised. I will definitely recommend to family and friends. Thank you for all the hard work to make this happened.

3 people found this review helpful
Rated with 2 stars
Verified Reviewer
Original review: Feb. 13, 2018

Recently received a personal loan through LoanMe which cost me off the top $2,500.00. Stupid, I know but I had lost my job with no savings and was trying to play catch up. I had an old payday loan that they told me I had to pay off first before receiving the funds. Their underwriter called me on a 3-way call with the other company and recorded the convoys in which the representative specified that all funds had to come from my bank account. So, the payday company took the 2k from my account and then LoanMe sent them an additional 2k via wire! I've gotten nowhere and at 5pm tonight they sold my loan off to another agency so they don't have to acknowledge me. Why?

LoanMe response

Hi Shauna, LoanMe does require certain other loans to be paid off at the time you receive your loan. We are sorry to hear that your other lender may have taken the funds twice. We strongly suggest contacting your other lender to get this resolved. Unfortunately, LoanMe is not able to contact the payday lender on your behalf.

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Rated with 2 stars
Verified Reviewer Verified Buyer
Original review: Feb. 10, 2018

I was not told that I had to pay off some existing debt (Loan) until the amount appeared on the closing statement. The amount was wrong and the payoff did not happen on the closing date. Which is absurd. I am paying interest twice on the same dollars. I need to be reimbursed the interest paid on the paid off Loan for the period of the Loanme funding until they pay off of the Loan.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Feb. 9, 2018

Loan Me, is there for me each time I need some help, they do work with me all the time... I am truly grateful... I can pay my loan in 6 months. This way really works for me, no matter the amount Loan Me their helpfulness is always AMAZING so I do recommend them without hesitation to all my friends.

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Rated with 2 stars
Verified Reviewer Verified Buyer
Original review: Feb. 5, 2018

It took me about a month after I was approved to go ahead and move forward with receiving a loan due to the very very high interest rates. I am in a hard place due to the high rent cost in the California Bay Area. But with me moving forward with this loan, I am taking a huge gamble for my family. I don't know how I am going to pay back the $10600 in one lump sum to avoid the $55000 payback amount if I have to make installments. I would give Loan Me higher scores but due to the rates I can't.

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Rated with 1 star
Verified Reviewer Verified Buyer
Original review: Feb. 1, 2018

Took out a personal loan for $2600 a little over a year ago. Called customer service on Wednesday January 24 to get final payoff amount - was told by representative it was $2141.77. Mailed check overnight to State College address for full amount, including an extra $16 in interest through Friday Jan 26. USPS tracking says check was delivered on Saturday January 27. However, the check still has not posted in my bank account, nor on my LoanMe account page. Instead the principal balance shows $2182.68, and the payoff balance as of February 1 says $3204.33!!!! It also says my amount due is $1,177.84.

I emailed customer service on January 30 but have not received a response! This is ridiculous - they are trying to gouge more money by holding onto a payoff check. How can a balance go from $2141 to $3204 in a week? I have a feeling this is going to be a nightmare and that I am going to end up paying more because I chose to pay off my loan early. AVOID AT ALL COSTS!

13 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Jan. 29, 2018

Juan ** was attentive and courteous and made this refinance process a breeze. When there was issue with employment verification he went extra mile to get the info needed to ensure I got approved. I would definitely recommend to anyone who feels out of financial options.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Jan. 27, 2018

I just want to give praise to my point of contact/representative: Naisha ** for her communication and impeccable service towards my needs during my loan application process. She was by far the best service rep I had ever encountered in my life. Always available (even after hours), and was sincerely doing her best to help me out in my needs. Not to mention, her knowledge in her field seemed to be endless. I was beyond pleased by her dedication. Thank you very much.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Jan. 16, 2018

I’m really grateful to LoanMe. I was in really bad situation and They were the only ones who gave the loan even though my credit was so bad. It was easy, fast and great customer service. Careful this loans come with really high interest. So if You have really bad credit like don’t complain after You get the loan.

2 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Jan. 16, 2018

I received an email a few days after receiving the loan. It says it is a transfer. So to my understanding LoanMe transferred my loan account to a collection agency. At the end of the letter says this is an attempt to collect a debt. It hasn’t been long since I received the loan. I have not missed any payments. Someone please explain that to me. I’m shocked.

LoanMe response

Hi Rina, Thank you for reaching out. Your comments have been escalated to the appropriate department and someone should be contacting you soon. LoanMe tries to give all its customers the best experience. If you continue to have any questions about your loan, please contact us at 1-844-764-7368.

2 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Jan. 15, 2018

I have nothing bad to say. LoanMe helped me out twice!!! They are extremely professional and caring. I would recommend them to everyone. Life savers. They are very helpful and caring. I was approved in one day. My money was in my account the following day. Wish I could meet them in person. Extremely happy And grateful. LoanMe saved my year again.

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Rated with 1 star
Verified Reviewer Verified Buyer
Original review: Jan. 15, 2018

I was told multiple times my last an was approved when it was not. I signed three contracts and when asked I was told the underwriters needed to verify information and had to make a change. Very poor communication. I was mislead by the phone representative and not actually told where I was in the process.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Jan. 15, 2018

You guys are awesome. You guys really did me a big favor, if it wasn't you guys I'll be struggling right now. I might be a little more in debt but now I'm in a better place. Finally paid off things that would take me longer to pay off.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Jan. 10, 2018

I was very happy. Great. Please with the LoanMe. The money was fast to my bank and I appreciate everything. Just couldn't use of money but was very please. Had no problems returning the money with no hassles no nothing. Very nice. Thank you very much.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Jan. 10, 2018

Sam was the best part of getting this loan with LoanMe. It happened fast and Sam was friendly and professional. He explained everything. Sam answered all my questions and got back to me fast. The best experience I have ever had getting a loan. Thank you Sam.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Jan. 3, 2018

I had a very good experience with my LoanMe Rep. He was very accommodating and took care of my loan needs. His attitude was very positive which encouraged me to go forward with loan. I would definitely recommend LoanMe to my friends.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Dec. 15, 2017

I experience a great experience with this process. Thanks. I did receive the funds and I will be referring more business owners to you. My agent returned my phone calls immediately when I called and I did not have to wait long at all.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Dec. 8, 2017

Customer service is great and the process is fast and easy. Peter was great. Thank you. We are starting a new adventure and appreciate LoanMe for being there and working with us. This is the second time we have used LoanMe in the time of need. We are grateful.

2 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Dec. 8, 2017

LoanMe Loan Experience: 1) Very helpful team and all answers are out front making you feel re-assured. 2) Timeliness was prompt and seamless in the overall experience. I would recommend LoanMe to anyone who is in dire need for financial assistance with a level of security and trust along the way.

2 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Dec. 4, 2017

To be honest it was a quick solution for a bigger problem. In a few hours I had the money and was able to pay bills. Customer service was awesome and attentive to the fact that I was at work and had very limited time to be on the phone.

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Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Dec. 2, 2017

Got in a jam where a few deals fell under and had to get a loan. LoanMe was the quickest and fastest loan with not so perfect credit. Interest rates are crazy and the goal is to pay it off in 3 months.

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Rated with 1 star
Verified Reviewer
Original review: Nov. 30, 2017

Obtained a loan of $2500 a while ago. Made my payments until I lost my job. Fell behind and before I knew it and without a courtesy call or email I was served with a judgement at my new job which I then lost. In order to avoid court we agreed on payments but no less than $100 minimum, INSANE. I paid at first scrambling together the money. Then I was diagnosed with stage 4 cancer and had to go on Disability. Still no compassion. Phone conversation turned rude in a heartbeat. The attitude of these people is unheard of. I never encountered such unprofessional people unwilling to help in any way. In hospital again because cancer returned and they hassle me for being behind and unwilling to help me out. Never have I been so pressured in a rude way without any inkling of empathy.

How these people can stay in business is unfathomable. Will contact BBB of Anaheim, California to launch major complaint.

23 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Nov. 27, 2017

My experience went great with LoanMe. The agent on the phone was extremely polite and in my opinion the only reason I went with this option. He stayed courteous, respectful and caring throughout the process which eased the approval process. He explained everything thoroughly and was honest and confident with his answers. Passed the approval, I was informed of every step accurately by email which was nice.

2 people found this review helpful
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: Nov. 16, 2017

I needed a loan for my daughter tuition and LoanMe was able to grant me a loan. The application process was simple. I liked how easy and quickly my funds were deposited onto my account. It took less than an hour to complete and process my loan. Thank you!

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Rated with 1 star
Verified Reviewer
Original review: Nov. 13, 2017

LoanMe is an absolutely ripoff loan company! They ** you on interest rates because they can. I obtained a $2,600 loan on March 1, 2017 because I was in a financial bind. I have already paid back close to $2,700 over the last 9 months and I still owe them over $2,800. This is ridiculous! I cannot understand how their interest rates do not apply under Usury law. Their rates should be against the law. We are being taken advantage of and forced to pay super high interest rates. This loan is going to take forever to pay off and I am worse off now than I was before.

They charge the maximum interest rates and terms allowed by law to people who have few or no other options. It's not about help, it's about taking advantage of people in desperate situations. They are afforded all of the protection but who is going to protect us? Certainly not our state or government officials. They allow this to happen or turn a blind eye. I will never use this company nor any other similar company again.

31 people found this review helpful
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LoanMe Company Information

Company Name:
LoanMe
Year Founded:
2013
Address:
1900 S. State College Blvd., Ste 300
City:
Anaheim
State/Province:
CA
Postal Code:
92806
Country:
United States
Website:
www.loanme.com