Best 10 Loans Like Lendly 2024

Today I will be doing a detail review of a special category of lending applications called Lendly Loans, why it is unique and the best alternative loans like Lendly. Lendly is a financial institution in the United States of America (USA) that has gained significant prominence due to its flexibility and convenience as a unique category of personal loan. It provides urgent cash for borrowers with less than perfect credit or even poor credit.

Unlike traditional loan options that often come with strict requirements and lengthy approval processes, Lendly loans are designed to be easily accessible and quickly obtained, making them an ideal choice for those in need of immediate financial assistance.

What is Lendly Loans?

Lendly is an online lending platform that offers access to borrowers in need of small loans of up to $2,000 to people with at least six months of job history. Lendly can approve loan with minimal or no credit check consideration, however you’ll have to let Lendly draw directly from your paycheck for repayment.

The Lendly loans itself is an installment loan offering amounts between $500 to $2,000 which are provided by CCBank and disbirsed to customer’s account in as fast as 24 hours. Lendly loans are primarily repaid directly from your paycheck and supported with great customer service.

However if Lendly’s offers, interest rate, APR and other terms and conditions do not align with your loan appetite, then you need other loans like Lendly which can provide fast and esy alternative that can work for you. Below are a list with the best loans like Lendly you can apply for in 2023. With a lower interest rate, higher approval rate for bad credit, unemployed and low income borrowers, and higher limits up to $15,000 – the apps like Lendly below will bring you the lending benefits you deserve.

Best Loans Like Lendly 2024

Lendly loans are beneficial in many cases. However, sometimes it is better to use loans like Lendly especially when such options serve as the best solution if you don’t meet the requirements or live in a state where the company’s services are available. Choosing other loans like Lendly and similar alternative if the loan you require exceeds $2,000 which is Lendly’s sealing.

The best loans like Lendly are Possible Finance, OppLoans, Prosper, LighStream, ACE Cash Express, VivaLoan, NetCredit, FigLoan,  WorldFinance and Spot Loan. If you want to get excellent loan terms and conditions but don’t qualify for Lendly yet, you can use any of these listed alternatives.

These alternative lendly loan apps are 100% online, approve loan very fast and do not require credit check for loan approval. Also you can get more than $2,000 which is the limit of Lendly loan. To apply for your loan at your preferred Lendly alternative, just click on their name and you will be redirected to the application form.

1. Possible Finance

Possible Finance is one of the best loans like Lendly to ever exist in recent times. The application promises to guide its customers toward making a better financial future, and gives loan amount up to $500 even with bad credit. If you find yourself in need of cash for a minor emergency like a car repair or medical bill, Possible Finance will assist you.

However, it’s important to note that Possible Finance, despite positioning itself as an alternative to Lendly loan and other payday loans, still charges high interest rates. These rates can be in the triple digits, which means you may end up paying a significant amount of money over the duration of your loan.

2. OppLoans

OppLoans is another top choice on our top 10 loans like Lendly that distinguishes itself in several ways. The platform which offers loan amount of  $500 to $4,000 to customers is unique for the speed at which funds are disbursed. If you are approved for a loan from OppLoans before 12:00 PM Central time on a Monday through Thursday, you can expect to receive the money via ACH deposit on the same business day. However, the exact timing may depend on how quickly your bank processes the deposit.

3. Prosper

Prosper is yet another loan like Lendly but it is unique in that it offers of peer-to-peer loans, which range from $2,000 to $50,000. If you’re facing a financial emergency that requires more substantial funding, a Prosper loan could be a viable option to consider. One advantage of Prosper is that it doesn’t have a minimum income requirement. Regardless of your income level, you may still be eligible for a Prosper loan.

It’s important to note that Prosper loans come with various fees that can impact the overall cost of your loan. These fees may include origination fees, late payment fees, and failed payment fees. The APRs for Prosper loans range from 6.99% to 35.99%, so it’s essential to carefully consider the potential costs involved.

4. LightStream

LightStream is one of the best loans like Lendly and notable for its competitive rates program, which can help you save on interest charges. This platform offers $5,000 to $100,000 to customers and borrowers. An advantage of LightStream is its flexible loan options and flexibility repayment options.

5. ACE Cash Express

ACE Cash Express is another reputable and widely recognized lender offering loans like Lendly in the United States. While Lendly has an online-only presence, ACE Cash Express stands out with its extensive network of physical stores across the country. However, applying for a loan with ACE Cash Express can be done entirely online, eliminating the need for in-person visits. Like Lendly, ACE Cash Express specializes in small loan amounts, typically ranging from $100 to $2,000.

6. VivaLoan

VivaLoan provides borrowers with the opportunity to secure loans ranging from $100 to $15,000 unlike Lendly whose upper limit is $2,000. Although the company does not disclose its APRs or minimum credit score requirement, it is important to note that comparison sites often leave these details unspecified as the interest rates are determined by the network of lenders associated with the platform.

7. NetCredit

NetCredit, another lender offering loans like Lendly, provides borrowers with a range of borrowing options. For instance, you can typically borrow between $500 and $20,000 from NetCredit, with APRs ranging from 19.90% to 150% and loan terms spanning from six months to five years. Both NetCredit and Lendly share identical loan terms, but NetCredit stands out with a lower-end APR that falls within the range of personal loans. With rates as low as 12% and 19.90%, respectively, NetCredit and Lendly are excellent starting points for those seeking loans akin to Lendly.

8. FigLoans

FigLoans presents borrowers with the opportunity to borrow amounts ranging from $50 to $1,000, with APRs ranging from 35.99% to 211% and loan terms spanning from one to six months. It’s our eight pick on our top 10 loans like Lendly. It’s important to note that FigLoans is only accessible in eight states, and loan amounts and APRs may vary depending on your location.

9. WorldFinance

WorldFinance emerges as an alternative lender similar to Lendly, as it doesn’t impose a cap on its APRs at 35.99%. Typically, WorldFinance offers loans ranging from $450 to $10,000, with loan terms spanning from six months to four years.

While explicit APRs are not provided, WorldFinance’s example indicates a range of 27.50% to 81.29% for interest rates. Consequently, while WorldFinance’s loans are more affordable compared to payday loans, it is advisable to explore other options for bad credit personal loans before considering this alternative.

10. Spot Loan

Spot Loan like Lendly, caters to borrowers in need of small-dollar loans ranging from $300 to $800, reflecting its lower financing limit. It serves as a reliable solution for individuals with poor credit who require fast cash.

With APRs spanning from 99% to 490%, SpotLoan rewards recurring customers with access to the lowest rates. Terms for SpotLoan’s loans range from three to 10 months, and similar to OppLoans, applying does not have a negative impact on your credit score at all and it’s our last pick on our top 10 loans like Lendly.

What Are The Features of Lendly Loans?

• 100% Online. The safe and secure application process takes 5-10 minutes and is 100% online.
• Convenient Repayments. Making payments has never been easier. We’ll show you exactly how to set up payments from your payroll, so you can set it and forget it.
• Build for Tomorrow. Payroll deduction helps you make on-time payments. On-time payments may help you improve your credit.

What Makes Lendly So Unique And Popular in the Online Lending Market?

Lendly is famous for its convenience for users and features like automatic payment deduction from paychecks and interacting directly with your employer’s payroll deposit.

Lendly varies its plans and repayment options depending on the state and employment details. For instance, there are direct debits ACH (automatic clearing house) or ACH withdrawal if your employer is their partner. This is especially handy for clients who tend to forget payment due dates of Lendly loans and don’t mind giving their control over your spending to the lender.

Lendly focuses on your employment history rather than your credit score and payments. Next, a painless application and approval process make Lendly loans so great.

With Lendly loans, your application is made in 5 to 10 minutes, a decision comes in 1 day, and loans are funded on the next business day after providing all the documents needed. How urgent you need the cash also makes an impact on how soon they fund the loan.

Lendly Loan Repayments are Executed Directly Through Your Payroll Provider

While other payday advance lenders may debit your bank account after payday, Lendly says it automatically deducts payments from your paychecks, using your employer’s payroll direct deposit. Depending on the state you live in and whether your employer partners with Lendly, you may have other repayment options such as automated clearing house (ACH) direct debit.

The amount of your bi-weekly payment depends on how much you borrow and how long your repayment term is. Lendly says you’ll get instructions on how to set this up, and you’ll need to show confirmation of your direct deposit before your loan is funded.

These automatic deductions can help prevent you from missing a loan payment and help you build credit through consistent, on-time payments — but note that Lendly says it only reports to one of the three credit bureaus. And keep in mind: Signing up to have some of your paycheck channeled directly to the lender means you lose some control of how and when you spend your earnings.

Eligibility Requirements for Obtaining Lendly Loan

Lendly Loan stands ready to provide individuals with the crucial financial support they require during times of need. However, to ensure eligibility for Lendly Loans, applicants must meet specific criteria. These requirements include the following:

1. Minimum Age and Identification: Applicants must be at least 18 years old and possess a valid government-issued identification document, such as a driver’s license or passport.
2. Steady Income: To qualify for a Lendly Loan, individuals must have a reliable and consistent source of income. This can be in the form of employment, self-employment, or any other regular income stream.
3. Active Checking Account: Applicants need to have an active checking account to facilitate the loan disbursement and repayment process. This allows for smooth and efficient transaction management.
4. Valid Email Address: A valid email address is necessary for effective communication and updates regarding the loan application and repayment terms. It ensures that borrowers remain informed throughout the process.
5. Responsible Loan Amount and Duration: Lendly Loans places importance on responsible lending practices. As such, the loan amount and duration must align with the borrower’s ability to repay. This helps prevent borrowers from overextending themselves financially, reducing the risk of default and ensuring a manageable repayment process.

By meeting these eligibility criteria, borrowers gain access to the financial assistance they require to address unexpected expenses and emergencies. Lendly Loans strives to support individuals in a responsible and sustainable manner, empowering them to meet their financial obligations while staying within their means as well.

Lendly Considers Employment History Rather Than Credit Scores

When considering people for a loan, Lendly largely looks at employment history rather than your credit scores, whether poor, bad or non existent. It is not necessary to have a high credit score to get loans from lendly. Even if you have a bad credit score, you may not disqualified from obtaining a loan for this reason. Especially if you have had enough time on the job and you’re able to set up payroll direct deposits for loan payments. Those with a bad credit score of 300+ can apply.

Lendly Interest Rate

Lendly annual percentage rate, or APR, for a loan paid back through payroll direct deposit is typically 175%. While this may be lower than what many payday loans cost, it’s high compared to other lending apps in the cash advance and payday advance online marketplaces.

For Lendly loans that are not paid with a direct payroll deposit, APR can rise to 220%. You can choose from multiple loan terms. They range from 20 to 52 payments twice a week. The minimum age for borrower Lendly loans is 18, which is, again, lower than the best online loan companies, and the lender considers any credit scores.

Lendly interest accrues daily on the unpaid principal amount for the number of days remaining outstanding. The calculations are based on a 365-day year.

How Do You Apply For Lendly Loans?

Lendly loans ranging from $500 – $2,000 are funded by CCBank in as fast as 24 hours. The loans are primarily repaid directly from your paycheck and supported with world-class customer service.

A prospective borrower can apply for a Lendly loan on desktop computer or mobile phone within 5 to 10 minutes. With its quick and seamless application process, most borrowers receive loan approval within hours, allowing for swift access to funds which could land in their bank accounts as soon as the next business day once your information is confirmed.

The application asks for basic information, such as your name, address and employment history, and Lendly will conduct a hard credit inquiry, which may affect your credit scores.

As an online lender, Lendly loans offers personal loans featuring fixed interest rates and flexible repayment terms, ensuring convenience and stability.  To apply, simply visit the Lendly loans website and complete the online application, providing essential personal and financial details, including income and credit score information.

Who Can Benefit From Lendly Loans?

When faced with unforeseen expenses like car repairs or medical bills, obtaining quick funding can be challenging, especially if your credit history is less than perfect. Lendly loans can provide a viable solution, offering swift funding without stringent credit criteria.

Compared to payday Loans, which often carry exorbitant fees with APRs as high as 400%, Lendly loans offer a potentially more affordable alternative. They can also serve as a viable option instead of high-interest car title loans, eliminating the risk of losing your vehicle if repayment becomes difficult.

If you find yourself struggling to catch up on bills, Lendly loans is a very good option for this and you can always have your bills sorted fast with quick loan disbursement. Many healthcare providers, for example, are often willing to set up customized payment plans or make alternative arrangements that don’t require you to accrue additional debt. That’s exactly how Lendly loans operate as well.

What Types of Loans Does Lendly Offers?

Lendly provides a range of borrowing options to cater to different needs and preferences. Whether you require a short-term loan, a longer repayment period, or funds for various purposes, Lendly loans has you covered. Let’s take a closer look at the types of loans offered:

1. Payday Loan: If you’re in need of immediate cash and expect to repay it by your next payday, the Payday Loan option offered by Lendly can be a suitable choice. This short-term loan allows you to quickly address urgent financial obligations.
2. Installment Loan: For those who prefer a more extended repayment period, the Installment Loan is a viable option. With this loan, you have more time to pay back the borrowed amount, providing greater flexibility and reduced financial strain.
3. Personal Loan: Lendly also offers Personal Loans, which can be utilized for various purposes. Whether you need to cover medical bills, unexpected car repairs, or make home improvements, a Personal Loan can provide the necessary funds.

What is Lendly loan term?

The loan term of Lendly usually varies depending on the loan amount and other variables. However the average loan term consists of 26 bi-weekly payments (roughly a year), but the number of bi-weekly payments can range from 20 to 52.

How Fast is Lendly loan application process?

Lendly online application can be completed in five to 10 minutes, and Lendly can typically give you a decision on your application within 24 hours. After you submit necessary documents, funds can be deposited in your account as soon as the next business day, depending on your financial institution. Please do note that applying for a loan with Lendly may show up on your credit reports and affect your scores.

What’s the Repayments Plan For Lendly Loans?

Lendly loan application and repayment are executed easily and seamlessly. Your CCBank loan is payable by payroll direct deposit. During the application, the platform payroll linking technology will help you easily set up automatic payments from your paycheck. With payments coming from your paycheck, you do not have to worry about forgetting to make a payment!

However because Lendly Loan prioritize flexibility, other range of repayment options that align with clients’ financial capabilities exist include:

1. Automatic Repayment Plan: Their popular automatic repayment plan simplifies the process by deducting payments directly from your bank account on agreed-upon dates. This ensures timely repayments without the hassle of manual transactions.
2. Bi-weekly and Monthly Repayment Plans: They understand that different individuals have varying financial circumstances. With Lendly, you have the flexibility to choose between bi-weekly or monthly repayment plans, allowing you to select the option that best suits your needs and cash flow.
3. Early Repayment without Penalties: They empower their borrowers to take control of their finances by offering the freedom to make extra payments or even pay off their loan ahead of schedule. Lendly imposes no pre-payment penalties, encouraging financial progress and reducing overall interest costs.

Whether you require a short-term solution with our Short-Term Loans or prefer the flexibility of longer repayment period. Lendly loans are committed to providing financial solutions tailored to your specific needs, ensuring a positive borrowing experience. If an unsecured loan is what you seek, look no further than Lendly Loans for reliable support in achieving your financial goals.

How Can I Refinance My Lendly Loan?

If you’re an active customer on Lendly loans platform and are considering refinancing, it’s important to note that Lendly loans does not have a specific refinancing program for their loans. However, you do have the option to refinance your Lendly loans through another lender.

To refinance with another lender, you would need to apply for a new loan with them. If approved, you would use the funds from the new loan to pay off your existing Lendly loans. The timing for refinancing depends on various factors, including the terms of your current loan and the requirements set by the new lender.

You may be eligible to refinance your loan once you have made a certain number of payments and have established a good credit history. It might be beneficial to wait for lower interest rates or an improved credit score before pursuing refinancing.

What Is Lendly Account Login?

To login to your personal account on Lendly, please follow the steps below:

1. Go to the Lendly website.
2. Click on the “login” button located on the top right-hand corner of the homepage.
3. Enter the email address associated with your account and your password.
4. Click on the “Sign in” button.

If you have forgotten your password, click on the “Forgot your password?” link on the login page, and follow the instructions to reset your password. If you encounter any issues while trying to log in, you can contact Lendly customer support for assistance.

How Long Does It Take Lendly To Deposit Money?

When your loan is approved by Lendly, you can expect to receive the loan amount in your bank account either the next day or within three days in the worst-case scenario.

Once you have the loan, the repayment process begins immediately. Lendly loans has a unique approach to repayment, where the loan payments are automatically deducted from your paycheck through direct deposit. This automatic deduction helps prevent customers from missing payments and safeguards their credit scores from being negatively affected.

However, it’s important to note that this repayment method may not comply with the legislation in every state. Depending on the state you reside in and the company you work for, you may need to repay your loan through an ACH (Automated Clearing House) direct debit instead of the automatic paycheck deduction method utilized by Lendly.

What Is Lendly Customer Service Number?

In Dayton, Ohio, Lendly loans dedicated Customer Care team has assisted numerous individuals in obtaining the funds they require. Please feel free to reach out on 1-844-4LENDLY (1-844-453-6359).  Knowledgeable representatives are available to assist you from Monday to Friday, 8 AM to 10 PM EST, as well as on weekends from 9 AM to 6 PM EST. Don’t hesitate to contact during these hours for any assistance you may need.

Lendly’s commitment to customer satisfaction and their collaboration with CCBank ensures that you receive reliable and efficient loan servicing. Rest assured that Lendly’s platform will serve as a user-friendly gateway to manage your CCBank loan, offering a convenient and accessible experience.

What Bank Does Lendly Use?

Lendly, a trusted financial service provider, has been authorized as a servicer for CCBank. This partnership means that as a borrower, you will continue to maintain your loan account with CCBank while utilizing Lendly loans platform at getlendly.com. Through Lendly’s website, you can conveniently access and manage your CCBank loan account, making payments, checking balances, and accessing other loan services seamlessly.

Capital Community Bank Lendly (CCBank)

Capital Community Bank abridged to CCBank and Lendly loans are separate entities operating in the financial industry. CCBank is a traditional bank offering banking services, while Lendly is a loan servicing provider that work with CCBank and other lenders to provide loan management and related services.

CCBank provides banking services to individuals, businesses, and communities including Lendly and its customers. It offers various financial products and services, including savings accounts, checking accounts, loans, mortgages, and other banking solutions. The platform operates independently and has its own set of policies, procedures, and customer service.

Where Are Lendly Loans Available?

Lendly loans are currently available in Arizona, Arkansas, California, Delaware, Florida, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin and Wyoming.

What Are Real Lendly Loan Customers Saying About Their Experiences?

See below a random selection of feedbacks and commentaries about the experiences of some real customers of Lendly Loan about the platform.

I called about status of my application and was greeted by Brandon. He was so well spoken and helpful. He took the time to explain that my screenshots were revived and will be deposited into my account in file within 1-3 business days. He made me feel really confident with my application moving on into the next step of the application process. I really appreciated all of his help and patience. We need more representatives like Brandon he was amazing. – Audrianna Jenkins. June 15, 2023

My first experience with Lendly was very fast, smooth and great all around! The approval process was quick and the funds dispersed quickly once I was approved. Give it a try if you’re in a jam and need access to funds to cover unforeseen expenses! – Katrina. Walmart, Austin, Texas

I am a returning customer. The process is so quick and easy. I received my money the very next day, I would highly recommend this company. – David. CVS, Hollywood, Florida

Brandon was amazing! And super patient with me lol he was super sweet, friendly and very professional, it’s hard to find phone representatives with amazing customer service but he proved They do exist ! he walked me through the whole process step by step and waited as I got through it with so much ease and patient. definitely deserves more than 5 five stars !! – Terrielle Hawkins. June 04, 2023

The customer service personnel, Aubry, was so helpful and kind and knowledgeable about helping me finalize the loan. She is the reason I will be back for more. Steven taylor. June 08, 2023.

Conclusion

Quick online loan services are provided by many lenders that work exactly like Lendly. They issue small amounts of money for a short period of time. Just like Lendly loans, these payday advance apps have loan amounts ranging from $200-$2,000 and sometimes even more at competitive rates and offers.

However Lendly only approves cash loan for borrowers with at least 6 months of job history which is a major restriction for many customers. There are other loans like Lendly with better alternative offers, some other loan apps may not require as much a condition. And like many cash advance apps today, you can get payday advances, even if you have a poor or bad credit history provided you can show eveidence of income for repayment.