SnappyLend Review | Fees, Complaints & More

SnappyLend is a financial solutions company that provides borrowers access to multiple loan providers through the same application form. They offer a range of funding plans relevant to your financial situation and the state you reside in. This guide describes their services and loan application process to help you gauge whether SnappyLend is for you.

What is SnappyLend?

SnappyLend is a short-term loan finding aggregator or broker. They have been in business for many years and have partnered with a wide array of direct lenders across the country. SnappyLend is a great funding portal for borrowers looking for a broad scope of credit options.

What services do they offer?

SnappyLend helps connect borrowers with potential lenders. They offer various short-term credit options. You can access different plans depending on your current credit standing, monthly income, and selected lending company.

On their website, SnappyLend describes itself as a marketing agency. They offer the following loans:

  • Payday Loans: 

    This is a quick and accessible loan that helps in covering the gap between two paychecks. These are usually short-term loans of 30 days. The lending business you choose will determine the loan amount.

  • Payday Installment Loans:
    Installment loans have flexible repayment schedules which allow the borrower to repay the amount over a four-to-six-month period. Again, funding will depend on the lender and your individual eligibility.
  •  Installment Loans: 

    You can get extended repayment terms and lower installment plans through this option. Certain lenders allow installment loans to be paid over a period of 12 months.

  • Revolving Credit Plans: 

    Open-ended loan with no date of maturity, these loans are not allowed in all states. You can receive cash for emergencies and withdraw till the credit limit. With this revolving plan, borrowers can access funds as they require.

How does SnappyLend work?

SnappyLend has a simple process. Borrowers should check their eligibility on the site. If you are eligible, you can start the application process. SnappyLend helps borrowers receive pre-approved offers. This saves time and a lot of effort. This also makes it necessary for you to fill in the correct information.

You will be provided with a list of pre-approved lending offers. You can choose one that best suits your purpose and repayment terms. In most cases, the entire process doesn’t take more than two business days. You would need to e-sign the loan forms once you are done. The lender will deposit the money in your checking account by the next business day.

Getting a loan using the SnappyLend funding portal can be done from anywhere. It is important to understand that credit terms and requirements differ with each provider. There are several different plans on offer based on the city of residence and creditworthiness.

SnappyLend Loan Eligibility Requirements

Before you fill out the application form, you should check whether you are eligible for a loan through the portal or not. These are the list of essential requirements:

  • Over 18 years of age
  • Evidence of employment
  • Valid bank account
  • Resident of a city and state where the lender offers loans
  • Valid driver’s license and Social Security number
  • Valid email address and contact number

These are basic requirements that are universal to all lending portals. The entire process can be completed in a few minutes. You can be sure that your information is secure since SnappyLend is a legitimate business.

Credit doesn’t play a major role except when it comes to APR and loan repayment terms. You may be eligible for a personal installment loan whether you have a poor credit score or an excellent one.

Loan Process

SnappyLend will connect you with multiple partners once you have completed the application process. They may send the list of lending partners through a business email. Your next step will be to review the terms of loans. Make sure you pay special attention to the APR and repayment terms.

These are personal loans and generally come with tight repayment schedules. SnappyLend will not be able to help in case you default on the loan. Your loan is subject to be sent to collections if you miss out on any payments and are unable to find a quick resolution.

The funds will be disbursed by the lending partner by the next business day once you have selected an option and e-signed the loan papers. You can get a loan between $100 and $5,000 through SnappyLend. You can ask a lender to reduce the repayment period if you think you will be able to repay the loan quickly.

Rates and fees

A major drawback of using a comparison-style loan website like SnappyLend is that you never know whether you are being charged anything. SnappyLend claims that they never charge the consumer and instead are compensated from the lending partners. The use of the portal is free for consumers. APR charged by the lenders will depend on the amount you borrow, length of time, address, and debt-to-income ratio.

Repayment terms

Your selected provider will determine the proposed terms and APR rates. In general, personal loans are offered for a period ranging from 90 days to 72 months. Typically, most borrowers repay the loan in 6 months. Keep in mind that every lending business has unique eligibility criteria and requirements.

Pros & Cons


  • Quick credit
  • Available in most states
  • Supports bad credit borrowers
  • Flexible short-term loans


  • Loan terms are revealed only after you complete the application process
  •  Not registered with BBB


Can I get a personal installment loan from SnappyLend?

Personal installment loans ranging from $100 to $5,000 can be obtained from lending partners listed on the SnappyLend portal. The loan amount will depend on your individual credit, monthly income, and other factors. Personal installment loans are generally quick loans with short repayment periods.

How can I qualify for a SnappyLend loan?

You need to meet the minimum eligibility criteria for qualifying for a loan, and a perfect credit score. Lenders on the portal offer loans to individuals with poor credit score as well. A high monthly income and good credit score will make you eligible for favorable repayment terms.

Does SnappyLend charge any fees? doesn’t charge any fees. They provide their funding portal free of charge to borrowers. There are different lending terms for different loan products. Make sure you read the full disclosure provided by the lending partner indicating interest and fees on approval.

What APR can I expect?

SnappyLend is a funding portal and not a lender. They connect borrowers with a vast network of lending partners. You can get the cash you require in just two business days. SnappyLend will not be able to tell you the APR before you have filled out the application form. Individual lenders will have different loan terms.

Is SnappyLend safe? has been in business for a long time. It is a safe option to find multiple lenders. Note that the funding portal doesn’t guarantee the loan terms. It’s critical that you read all documents provided by the lender before accepting the proposed loan. You will be entering an agreement with the lending partner and not with SnappyLend.

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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