LendingTree

LendingTree is an online lending marketplace, headquartered in Charlotte, North Carolina and founded in 1996. It's the largest online lending marketplace in the U.S., with over 500 partners. The company has served over 110 million consumers, with over $260 billion in funded loans.

LendingTree strives to help consumers shop for financial services the way they would shop for airline tickets or hotel stays.

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Program Variety

Personal loans are typically available between $1,000 and $50,000, depending on the lending company and the client's creditworthiness. There are lenders who offer larger loan amounts to qualified borrowers. Personal loan repayment periods range from one to twelve years.

Products Available

LendingTree's marketplace allows users to compare rates for a large range of financial products:

Loans and Refinance

  • Debt consolidation loans
  • Personal loans
  • Student loans (private)
  • Student loan refinancing
  • Home improvement loans
  • Mortgage loans
  • Mortgage loan refinancing
  • Home equity loans
  • Home equity lines of credit (HELOC)
  • Business loans
  • Auto loans
  • Auto loan refinancing

Insurance

  • Home insurance
  • Renters insurance
  • Car insurance
  • Health insurance
  • Medicare insurance

LendingTree's marketplace also offers credit card options.

Program Costs

LendingTree doesn't charge clients directly to use its marketplace. The company receives match fees and affiliate commissions from lender and carrier partners.

Personal loans offered on the LendingTree marketplace range from 6.40% to 35.99% APR. Some lenders offered through the platform charge origination and prepayment fees, while others do not. Origination fees vary between 0% and 10% of the full loan amount.

Becuase LendingTree's marketplace offers such a large variety of products, many have associated costs listed once you complete prequalification.

Industry Reputation

LendingTree is a Nasdaq-listed company with over 25 years in business. LendingTree has served since 2019 as the official name sponsor of the annual college football bowl game played in Mobile, Alabama, the LendingTree Bowl.

The company has fairly positive feedback from employees, who rate it 3.3/5 on Glassdoor. For a financial technology services company with as long a history as LendingTree's, it has relatively few complaints from consumers.

Benefits

  • Funding is possible in as little as 24 hours
  • LendingTree offers the largest single marketplace in the U.S. to compare financial products and services
  • Pre-qualify with most lenders with a soft credit check that doesn't affect your credit score
  • Co-borrowers can be added to loan requests with some lenders

Complaints

LendingTree has been accredited by the Better Business Bureau (BBB) since 2019, with an A+ rating. Their profile shows 120+ customer reviews averaging 1.14/5 stars.

LendingTree has a 4.4/5 rating on Trustpilot, with over 13,370 reviews. LendingTree's page on ConsumerAffairs shows a 3.5/5 rating from 1,550+ reviews.

State Coverage

Loans are available through the LendingTree marketplace in the continental U.S., Alaska and Hawaii.

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