Do you need a quick personal loan but are struggling to get one because of your poor credit history? LoansUnder36 can help you get a personal loan by connecting you with multiple lenders. Read on to know more.

What is LoansUnder36?

LoansUnder36 is an online marketplace that connects prospective borrowers with more than 100 vetted personal loan providers in the US. While they do not provide loans directly, the company gives borrowers access to a wide range of lending options. As the name indicates, LoansUnder36 only facilitates loans of up to $35,000 with an APR of 35.99% or less.

What services do they offer?

LoansUnder36 usually benefits borrowers who do not qualify for loans from traditional financial institutions. Although prospective borrowers with a lower credit score can apply for a loan, those with a better credit history have a greater chance of qualifying.

The loan application process takes only a few minutes, and you can expect to receive offers almost instantly. You will be given the option to choose from the list of available borrowing opportunities.

The unsecured personal loans provided by the lenders through LoansUnder36 can be used for a variety of purposes. These include debt consolidation, credit card debt relief, student loan relief, debt consolidation, medical emergencies, repairs, and renovations, or any other personal use.

The platform allows borrowers to connect with a wide pool of credible lenders and fix the repayment terms based on their requirements and eligibility.

Apart from a few listed purposes, this platform does not require applicants to disclose the reason for the loan application. The unsecured personal loan available through the platform also does not require any collateral or a cosigner.

How does LoansUnder36 work?

The eligibility criteria of LoansUnder36 are one of the primary reasons for its popularity among borrowers looking for short-term loans. Since different lenders have different eligibility criteria, there are no fixed criteria for obtaining a loan from the platform. To be eligible to apply for loan through the LoansUnder36 platform, you must:

  • be at least 18 years or older
  • be a US citizen
  • have a regular and steady income (there is no income threshold)
  • have an active bank account, preferably one accepting direct deposits.
  • have a Social Security number

You might also need to fulfill a few other criteria as prescribed by the lender to be able to get a loan. While there is no minimum credit score required, the lower the credit score, the higher will be the Annual Percentage Return (APR) and vice-versa. Because there is no credit score requirement, a credit history is also not required.

LoansUnder36 believes that your history should not affect your current borrowing opportunity. They strive to extend loans to borrowers quickly and easily by following a few simple steps. This starts with filling up an online form that will be used by the lender to verify the identity of the borrower before sending funds.

Let’s have a look at the step-by-step guide to the application process at LoansUnder36.

  • Step 1:

    Visit the official website of LoansUnder36 via:

  • Step 2: 
    Fill out the online application form by providing the details of your loan requirement.
  • Step 3:

    Indicate your loan amount requirement (from $1,000 to $35,000).

  • Step 4: 

    Provide your personal details such as your name, email address, cell phone number, home address, date of birth, etc.

  • Step 5: 

    Disclose if you have any credit card debt or unsecured debt of $10,000 or more, aggregated monthly payments, etc.

  • Step 6: 

    Provide your employment details such as source of income, pay frequency, employment duration, gross monthly income, and so on.

  • Step 7: 

    Provide your State ID or Driver’s License, Social Security Number, and so forth.

  • Step 8: 

    Provide your bank details such as your bank account type, the option of direct deposit, and length of account.

  • Step 9: 

    You will be asked to provide a few optional details such as your credit score and reason for taking a loan. Although you have the option to avoid disclosing such details, providing these specifics increases your chances of finding a lender.

Based on the information provided, LoansUnder36 matches the eligibility criteria with their database of lenders to find the right lender for you. Once a suitable lender is found, you will be required to provide your bank details to enable the lender to verify these.

While you will not be required to furnish any personal documents, please keep a few documents handy such as your state ID number, employment details, driving license, and bank account details to help you complete the application process without any delay.

Rates and fees

LoansUnder36 assures an Annual Percentage Rate (APR) of 5.99% to 35.99% for all lenders on its platform. However, the applicable APR would depend on the credit history of the borrower and other loan terms.

Although there are no charges for using LoansUnder36 services, individual lenders may impose certain charges and fees that are outside the online platform’s influence.

In case of a default in repayment, the lender may impose additional fees or fines, report such default to a consumer reporting agency, or send it to a collections agency. Lenders must operate within the jurisdiction of the state laws that govern them.

Repayment terms

LoansUnder36 helps borrowers connect with affiliate lenders who provide loans starting from $1,000 all the way up to $35,000 with a repayment period of up to 60 months. The eligibility criteria and loan terms may vary depending on the individual lender, over which LoansUnder36 has no influence.

The lenders within the LoansUnder36 network provide fixed-rate loans which usually require repayment once or twice a month. The payments are charged automatically from the bank account provided by the borrower.

Pros & Cons


  • The service offered by LoansUnder36 is completely free of charge.
  • Helps borrowers with poor credit scores to get a loan.
  • Upon approval of the loan application, the amount gets deposited to the borrower's account as early as the next business day.


  • Potential borrowers without a steady income might find it difficult to get their loan application approved.
  • Fees and charges might be imposed by individual lenders.
  • Although the APR is capped at 36%, it is relatively higher than the prevailing market rates.


Is LoanUnder36 a legit platform?

LoansUnder36 is a credible lending marketplace that connects potential borrowers looking for personal loans with lenders. It has a pool of more than 100 vetted lenders in the US. For any queries related to their services, get in touch with the customer support team via email or phone number.

What is the minimum credit score required to get your loan application approved at LoansUnder36?

One of the benefits of availing of the services of LoansUnder36 is they help prospective borrowers with bad credit or low credit scores get a personal loan. Although there is no minimum credit score required for making a loan application, the higher the credit score, the higher the possibility of getting your loan approved.

What is the amount of loan that you can borrow via LoansUnder36?

The affiliate lenders at the LoansUnder36 platform offer loans ranging from $1,000 to $35,000. The loan amount will depend on the financial status and creditworthiness of the borrower.

Is LoansUnder36 safe?

LoansUnders36 has been in operation since 2012. It connects borrowers with more than 100 vetted lenders in the US. Moreover, the information shared by the users with the platform is secured by 256 SSL encryption technology.

How long will it take to get a loan through LoansUnder36?

If you are struggling to get a loan through any conventional borrowing method, LoansUnder36 can help you to get your unsecured personal loan approved. If the details as required by the platform are provided correctly, LoansUnder36 can match you with affiliate lenders based on your loan requirement almost instantly. After approval of your loan request, the amount will be credited to your deposit account as early as one business day.

About the author Greg Lorenzo

Greg is a financial expert who has been advising his audience on loans for over 10 years. He has a wealth of knowledge and experience in the area, and he is passionate about helping people get the best possible deal on their loans. Greg is an expert in negotiating loans, and he has a proven track record of getting his clients the best possible terms. He is also a strong advocate for financial literacy, and he regularly gives workshops and seminars on the topic.

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