Loan Me Reviews - What Is It?
DO NOT USE Loan Me!!! You Must Read This Review!
Fully Researched: Price, User Feedback and More!
If you live in Arizona, New Mexico, Missouri, California, or Utah, you can benefit from Loan Me, an online lender that promises to provide you with fast and easy business, personal, and auto loans. It can be a great option for customers who cannot qualify for financing in other companies of the kind. Loan Me offers loans of up to $100K, which can be repaid in monthly basis over the course of 1, 5, and even 10 years. Let's take a look at the company's specializations. Anyone can apply for one of auto loans over the phone or online. The cash will be transferred to your bank account in just one business day. You will have an opportunity to make easy monthly payments with no prepayment penalties. Loan Me promises to report your on-time payments to all three credit bureaus, thus increasing your credit score.
The company also lends small business loans for you to improve your business in a quick way. These come with a fixed interest rate with low payments each month. Auto Loans are specially designed for people who would not be able to buy an automobile on their own. According to a press release on the Loan Me website, these can be people with a low FICO score. The company appears to be very helpful for individual who have faced car repairs, unexpected hospital bills or anything else. The company was founded in 2014 and is also known as Cash4Rent. This lender specializes in lending money to people who need money fast. According to the company's official website, interest rates on business loans range from 24% to 149%, while origination fees range from 5% to 10% depending on the loan. Loan Me offers long-term loans, which is a big advantage for some clients.
Customer Reviews - Does Loan Me Really Work?
There is a great number of testimonials left by the clients of the company. You can see both positive and negative reviews. Some people complain that the company has high interest rates, while others find them relatively reasonable. What the company's clients like is that Loan Me has a professional official website that contains all the necessary information you may need when applying for a loan from this company. The official website offers repayment examples for many different situations, discloses potential interest rate, and encourages borrowers to repay their loans as quickly as possible in order to save on cost. Most customers are pleased with the customer service of the company. They report that the staff is up-front, honest and caring. Some people even emphasize that the customer service is worth paying high cost.
To apply for a loan, you will need to talk to the company's representative on the phone or fill out an online questionnaire. After providing or entering your basic personal information you will have to determine the amount of money you need to borrow. You will need to tell a few words about your business. At the end of the questionnaire, the company will provide you a quote on the borrowing amount as well as fees and rates you will have to pay. To continue the process, you will need to fill out a full application and add some documentation of your to verify your bank account and identity. This documentation involves a voided check, a copy of your driver's license or other document identifying your personality, bank statements from the last few months and Business EIN. After submitting all the necessary information, the Loan Me representative will send your application through underwriting. Study it thoroughly before accepting the deal. If you do, the money will be wired into your bank account in just a few days. It usually takes 24 hours to get funds on your account.
Another advantage of the company is its sales and advertising transparency. Loan Me is an up-front company, especially when it comes to potential rates, terms, and fees. In addition, they will provide you with example repayment amounts at all stages of time. It should be kept in mind that repaying your loan early can save your money on interest expenses. That is why it is recommended to pay off the loan as soon as possible. You can even make additional pre-payments if you can't pay off the loan entirely. There are no hidden fees for early repayment. Let's take a look at the real users' reviews left on different websites.
"I was in need of short-term money and decided to address Loan Me due to the numerous positive reviews. So, I filled out a form on their website. The personnel were very helpful in getting my loan. My expert was a pleasant and experienced man. He guided me directly, so my loan was approved. I highly appreciate his help and I am grateful to the company for the smooth experience."
"Loanme is pleasant to work with. I have tried many lenders in my life but this was probably the fastest and easiest process I have ever been involved in. I received funding for my business within just one day! Everything was on a professional level. My assistant named Cataline was on point! This woman was prompt with calls and emails and handled everything properly. I would recommend this company to anyone!"
"I would like to thank the guys working in LoanMe, especially Henry who worked hard to provide me with a timely loan. I appreciate his dedication a lot. Other professionals are also good ones. Henry explained all the necessary information in detail and I understood everything. He showed his support, strong positive attitude and patience. I would certainly recommend this lender to my friends."
My Final Summary
Summing up, it is necessary to say that Loan Me is a worthy lending company due to the advantages it has. The first one is their fast and easy application process. You will only need to go to their official website and fill out an online questionnaire. You may opt to talk to a representative on the phone. After giving some information about yourself and your business, the specialist will help to determine the amount for which you are eligible. You will be also provided an estimated quote about the amount you borrow as well as the rates and fees. Then you will need to fill out a full application form and send some of your documents to verify your bank account and identity. You will then receive an application through underwriting, as well as an official offer for you to think before officially accepting the deal. In a day or two you are expected to get the funding.
Sales and advertising transparency also attracts potential customers to the company's services. Loan Me offers repaying your loan that allows saving money on your interest expense.in general, it is recommended to pay off the loan as soon as possible. Some customers prefer to make additional pre-payments if they are not able to pay off the loan completely. Customer service can be reached via live chat or phone. The company also has Twitter and Facebook accounts. Speaking about customer reports, it is necessary to say that the company has a positive overall reputation. People seldom complain having any problems applying for a loan or getting in touch with the company's representatives. Most users appear to be happy with the provided support. So, Loan Me can be recommended to those who are in need of funds.
Loan Me Pricing and Rates
As it was already mentioned, personal, auto, or business loan's fees, APR, and repayment terms may vary because of numerous factors, including credit history, loan amount, the state in which you live, etc. For instance, business loan interest rates vary between 24% and 149%, and fees between 3% and 10%. Personal loan interest rates vary between 34% and 204%, and fees between $75 and $950. For details, you can contact the customer service by calling at 844-474-2886.