Top perks
Loans as small as $1,000
When an emergency arises, there's no need to pay extra interest by borrowing more than you need.
Cosigners accepted
Getting approved for a personal loan with no credit can be tricky. A cosigner with great credit can not only help you qualify for a loan, but their credit score should also land you a lower interest rate.
Low APRs available to highly qualified borrowers
If your credit score is high, you are more likely to be offered a low interest rate. That said, if you're required to pay an origination fee or a prepayment penalty, you'd be better off going with a lender that won't charge you an unnecessary fee.
Low credit scores are considered
You don't need perfect credit to apply for a loan through LendingTree.
If you've never loan shopped before, having several loan offers at your fingertips can make loan shopping more convenient. However, each of those offers is likely to be very different, so take your time to compare everything, from APR to all fees charged.
What could be improved
APR may be extremely high
Unless your credit score is strong enough to ensure an interest rate on the low end of the scale, you could pay a hefty price to borrow the money.
Origination fees
Any time you are required to pay origination fees you pay more for the loan. Let's say you borrow $10,000 with an origination fee of 4%. That's $400 taken off the top of the loan and $9,600 is deposited into your bank account. Still, you must repay the entire $10,000, plus interest. The best personal loans do not charge an origination fee.
Hard credit checks
As part of the pre-approval process, some LendingTree partners run a hard credit check before letting you know if you qualify for a loan. Keep in mind that a hard credit check will ding your credit score a bit.
Funding time is on the slow side
If you need the funds to cover an emergency situation, potentially waiting seven business days for the funds to hit your bank account might be difficult.