1. Submit Your Request
2. Review Your Offer
3. Receive Your Funds
Submit Your Request
Simple, Secure Request Form
Our online request form takes less than five minutes to complete and only asks for the personal information required to provide you with a short-term personal loan. We use industry-recognized security and advanced encryption technology to protect your personal information, so you can rest assured your data is secure with LendRev.
Minimum Requirements
While eligibility requirements vary between lenders in our network, and many lenders are willing to offer credit to consumers with bad or no credit history, most lenders require applicants to meet the following criteria:
- Earn at least $1,000 a month
- Have an active checking account
- Be 18 years of age or older
- Be a permanent resident of the US with a valid social security number
- Have a valid U.S. driver’s license or government-issued ID
- Have a valid email account and phone number
Remember that each lender has its own rules and regulations, and LendRev cannot guarantee that a lender will approve you for a loan.
Maximum Loan Amounts
The maximum personal loan amount available in our network is $5,000. However, this does not mean you will be approved for this amount, and not all lenders in our network can accommodate this amount.
Credit Inquiries
Unlike traditional lenders, lenders in our network are more likely to consider consumers with bad credit or no credit history. LendRev does not make credit inquiries that will affect your credit score, and the majority of our lenders in our network use information from alternative credit sources. However, we cannot guarantee that your lender will not submit an inquiry to one of the “Big Three” credit bureaus: Experian, Equifax or TransUnion. While not always the case, a “soft pull” is typically used early in the process. From there, the lender may request a “hard pull” to learn more about your finances.
Review Your Offer
If a lender decides to work with you, you’ll be redirected to their website, typicalliy within minutes of submitting your request. A lender may contact you via telephone, email or text to verify submitted information or obtain additional information. Respond as quickly as possible to avoid funding delays.
Provide Your Electronic Signature
Your lender will provide you with loan documents detailing your agreement. Lenders are required to fully disclose their interest rates and fee structures in a manner that is easy to understand. Be sure you read and understand all the information provided. You are under no obligation to accept an offer. If after careful consideration you agree to your lender’s terms, you’ll provide your electronic signature. Be sure to retain a copy of the loan documents for your records.
Receive Your Funds
After you e-sign your loan agreement, funds will be transferred directly to your bank account. Although processing times will vary between lenders, funds will typically be deposited as soon as the business day after your loan has been approved and processed.* Please keep in mind that banking institutions have their own policies governing when transferred funds are made available to their customers.
