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.
Top 10 Best Loans Like Lendly 2023 for fastest approval and Low Interest Rate
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.
Some of the best and most reputable loans like Lendly in 2023 include Chime, Upgrade, Honest Loans, Fast Loans, Upstart, Speedy Cash, Affirm, Best Egg, Credit Clock, Heart Paydays, Earnin, Big Buck Loans, Spot Loan and Avant among others. So if you want to get excellent loan terms and conditions but don’t qualify for Lendly yet, you can use any of the 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.
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.
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.
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.
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.
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.
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.
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
SpotLoan, much 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.
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.