• APR RANGE: 5.99%-35.99%
  • LOAN AMOUNTS: $1.000-$35.000
  • REPAYMENT TERMS: Depending on lender
  • LOAN TERMS: 90 days-72 months
  • FEES: None
  • FUNDING TIME: 1 business day upon approval
  • INCOME THRESHOLD: Peer-to-peer and installment loans: $2k/mo; Bank personal loans: $3k/mo

PersonalLoans.com Reviews, Pros & Cons, Ratings in 2021

  • APR RANGE: 5.99%-35.99%
  • LOAN AMOUNTS: $1.000-$35.000
  • REPAYMENT TERMS: Depending on lender
  • LOAN TERMS: 90 days-72 months
  • FEES: None
  • FUNDING TIME: 1 business day upon approval
  • INCOME THRESHOLD: Peer-to-peer and installment loans: $2k/mo; Bank personal loans: $3k/mo

Best For

Those With Low Credit Scores


  • Soft credit pull
  • No collateral required
  • Generous loan amounts
  • Fast funding - 1 business day
  • Quick and simple application process
  • Offers loans by different lender types


  • Not a direct lender
  • Minimum credit score required - 580

If you’re searching through PersonalLoans.com reviews on the web and wondering whether it’s going to work for you, we’ve got the answer!

The platform was launched in 2017 with the mission to provide a convenient and easy way for consumers to obtain a personal loan through a reliable network of lenders.

PersonalLoans.com is a service that matches borrowers with potential lenders and lending partners from their network who are willing to offer them personal loans. This platform is best suited for people with low credit scores struggling to cope with their financial problems.

Based on our research and findings, we want to share our legit PersonalLoans.com review that we hope will help you make an informed decision.

In this review, we will focus on:

  • Everything that you need to know about their loan
  • Eligibility criteria
  • How to apply for a loan
  • Pros and cons
  • Privacy and security policy
  • FAQs

What Do You Need to Know About PersonalLoans.com’s Personal Loan?

Before we give you an overview of what PersonalLoans.com offers and the reasons they get a great rating, it’s important to note that they don’t lend the money directly. The company just connects you with potential lenders. This means that once you’ve chosen the lender you want to work with, PersonalLoans.com will no longer be involved. So, make sure you choose a lender wisely. Furthermore, they offer 3 types of personal loans. These include peer-to-peer, personal installment loans, and bank personal loans.

Here are some details about how PersonalLoans.com works. Take a look:

  • Expected Loan Amount – The minimum is $1,000, and the maximum is $35,000
  • Annual Percentage Rate (APR) – The minimum 5.99%, and the maximum 35.99%
  • Loan Term— 90 days to 72 months
  • Types of interests – Varies from lender to lender
  • Unsecured or Secured – Unsecured
  • Typical approval time – The preapproval process is quick. Loan quotes arrive within minutes after you submit your request.
  • Typical funding time – The typical PersonalLoans.com funding timeframe is as little as 1 business day after the loan request is approved. However, it can vary from lender to lender.
  • Fees and Penalties:

✓ Origination Fee – There is no obligation to agree to the terms of any loan offer presented to you. It is 100% free.
✓ Prepayment Penalty – Not available
✓ Late Payment Penalty – Not available
✓ Returned Payment Fee – Not available

What are the Personal Loan Eligibility Criteria?

PersonalLoans.com loan requirements vary depending on the loan type you choose. Continue reading to learn about general and specific requirements that might be involved.

Age and Residency Status

The applicant must:

✓ Be 18 years of age or older.
✓ Have a valid SSN (Social Security Number).
✓ Be a permanent resident or a legal citizen of the US.


✓ PersonalLoans.com requires the applicant to disclose their source of income. Thus, the applicant must show that they have full-time employment, are self-employed, or receive regular disability or social security benefits. Some lenders may require a pay stub for loan approval.

✓ The minimum income threshold for a peer-to-peer loan is $2,000 per month. It is the same for a personal installment loan. However, for a bank personal loan, the income threshold is higher. It is $3,000 per month.

Bank Account

The applicant must also provide a valid checking account so that once the loan is approved, the lender/lending partner can deposit funds into that account accordingly.

Credit Score

In terms of a minimum credit score, here’s what you need to know:

✓ For peer-to-peer loan, the minimum credit score should be 600

✓ For personal installment loan and bank personal loan, a 580 credit score is acceptable

Please note that meeting these requirements doesn’t necessarily guarantee that your request will be approved, but it will surely increase your chances of approval.

How to Apply for a Personal Loan With PersonalLoans.com?

The loan application process will hardly take you 5 minutes. It’s quick and straightforward.

Step 1. All you have to do is fill out the loan request form on their website. The form requires information such as loan amount, credit type, and income information. This helps determine which personal loan option is the best for you.

Step 2. Now submit the loan request. Based on the information provided, our personal loan providers will send you offers. You will receive a loan agreement with clear terms and conditions once the loan request is approved.

Step 3. This is one of the most crucial personal loan stages. Therefore, it is advisable to shop and compare your offers before you make a selection.

Step 4. Upon confirmation, the funds shall be transferred to your account within 1-5 business days, depending on the lender.

Privacy & Security Policy

PersonalLoans.com takes special security measures and conforms to the applicable security laws in order to ensure your personal information is kept safe and secure from unauthorized access. These measures predominantly include secured files, buildings, and computer safeguards.

Pros Cons
Fast funding time PersonalLoans.com is not a direct lender
Soft credit pull Many personal loan eligibility requirements
Generous loan amounts available Minimum credit score should be 580
Offers loans by different lender types
The application process is quick and simple
No collateral required for unsecured personal loan
Affordable monthly payments with loan term from 3 months to 72 months

PersonalLoans.com Alternatives

If you’re looking for a platform with quick loan funding and minimum eligibility requirements, then BadCreditLoans.com is your answer. They don’t have an income threshold. All you need to qualify is to have a steady source of income and to be a US citizen or permanent resident above 18 years of age. Isn’t that simple?

Besides this, BadCreditLoans.com caters to clients with bad or poor credit. So, even if you have a 500 score, you can qualify and obtain a loan.

Wrap Up

If you want a personal loan in the shortest time, PersonaLoans.com is the place to get started, as seen from the numerous satisfied customers’ reviews. They offer unsecured personal loans and cater to even those clients that have low credit scores. Thus, you can make a loan request and get multiple loan offers from lenders even with bad credit. Likewise, creditworthy applicants can also obtain loans with a competitively low APR.


Can I refinance my personal loan?

For this information, you may have to contact them via phone or email.

What can I use my personal loan for?

You can use it for just about anything you want. There are no restrictions. PersonalLoans.com loans can be a great option for those customers looking to borrow money for a wedding, home improvement, or family vacation – some of the purposes mentioned in reviews.

Can I get a personal loan online?

Yes. PersonalLoans.com offers an online loan application process that we’ve covered in more detail in our review.

Who are their personal loans best for?

PersonalLoans.com focuses on providing borrowers with easy access to loans. It works especially well for borrowers with bad credit who don’t qualify for traditional funding.

Is PersonalLoans.com BBB accredited? What is its rating?

PersonalLoans.com has a BBB (Better Business Bureau) rating. It is unfortunately rated “F”. This is the lowest BBB rating on a scale of A+ to F. However, what is important to understand is that this rating can’t sum up the company’s overall market reputation as it is based on only 2 complaints that were filed against the company in the year 2018. Therefore, it is advisable to read a couple or more PersonalLoans.com reviews before you make your final decision. After reading a variety of reviews, you will be able to decide better and more confidently.