Lion Loans Review 2021 – Customer Experience

Lion Loans Review 2021 – Customer Experience

(9 customer reviews)
Loan Ammount
$100 - $1000
Loan term
One week - One month
Min. credit score
Est. APR
Add to compare
7/10 (Expert Score)
Product is rated as #17 in category Reviews on Payday Loans
Lion Loans is a trusted online service that connects lenders and buyers. You do not need too much paperwork because this platform is speedy and convenient, ensuring that you get the finances you need after a short while.  The site is straightforward to use. Therefore, you will not find any complex issues when sending your request through the website.  All services are online, and you do not need the hassle of visiting the offices.  You need to feel out and send your basic information on a form found on their website.  The loan amount ranges from $100-$1,000. 
Customer Experience
  • Loan processing completes within two days.
  • Can lend money to applicants with a fair credit score
  • Online services
  • No prepayment fees
  • No origination fees.
  • Has a lateness fee.
  • Est APR can be as high as 50%
Editorial Note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author alone and may not have been reviewed, approved, or otherwise endorsed by the financial institution.

Company (Lender) Loan Amount Loan term Min. credit score Est. APR Funds available in
Lion Loans  $100 – $15,000 6 to 72 months None From 5.99% to up to 35.99%  As soon as the next business day

Once your application gets to the lenders, they will access your eligibility within a few minutes and redirect you to their website with the terms, fees, and loan rates. 

Once you agree with the loan terms, you will find the funds available in your bank within two days. I received my funds after 25 hours. 

Lion Loan FAQs

Is Lion Loan Legit?

lion loans

The lender is a legit company that steps in to offer you the financial help you need when you are in need. This site ensures that your information is kept private and secure. It takes only a matter of a few minutes to approve your loan after receiving your basic information. 

Here is what the lender guarantees.

  • The loan amount ranges from $100-$1,000
  • 100 % security on your information
  • The loan application process only takes a few minutes. 
  • All online processes.
  • Funds deposited directly to your account. 
  • Accessibility by people with a wide range of credit scores.  
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What are the Lion Loans fees and rates? 

The company has an averagely higher interest rate as compared to other lenders on Super Money.

The Minimum loan term is one month, while the maximum loan term for is 36 months. 

Do Lion Loans charge an origination fee? 

You do not need to worry about the origination fee because the lender doesn’t ask you for any origination fee for your loan. 

Many lenders charge origination fees used for the preparation of personal loans. Most origination fees have the range of 0.5%-5% of the requested loan amount. It is better to consider lenders that do not need any origination fees. 

Is there a fee for late payment? 

Yes, the company does ask for a penalty from borrowers if you miss or delay payment. 

Is there a prepayment fee? 

No, there is no prepayment fee. Therefore, you can comfortably pay your loan early without worrying about paying any additional fee. 

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What are Lion Loans’ Conditions?   

The lender does not have a minimum or maximum credit score. Therefore, you can apply for funding regardless of your credit score. 

The minimum age of Lion Loan applicants is 18 years of the state minimum, higher than 18. 

To be approved for a loan, an applicant to be earning a minimum annual income of at least $36,000. The company only accepts applicants who are employed and have achieved the minimum income requirement. 

If you are a member under the Military Lending Act, you will not access Lion Loan funds because this Act does not allow lenders to charge service members an APR of more than 36%. The lender exceeds the MLA limits. 

All USA citizens can access the lender’s services whether they are permanent residents or green-card holders. 

Lion Loans is one of the best online lenders, and therefore, it’s highly recommended to anyone who needs immediate cash. 

Terms: Lion Loans Review 2021 – Customer Experience

Est. APR 40%
Funds available in Within a day
Loan amount $100 - $1000
Loan term One week - One month
Min. credit score N/A

9 reviews for Lion Loans Review 2021 – Customer Experience

3.7 out of 5
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  1. Joan E

    Great lending service. Easy application, everything is done online and you have your money in 48 hours. I would recommend them to anyone.

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  2. Ethan E

    Their platform is great. No fuss , no unnecessary information. Everything is pretty straightforward. I applied, get an approval, get my money.

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  3. Evelyn J

    The platform is good. Although their fees are high. I had to pay double of money I borrowed for a quite short period. I think they are a good option where there is no other one.

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  4. Jeremy J

    Luckily I repaid the money on time, otherwise their penalties for late payments are huge. I will have to pay more attention to this next time I borrow money.

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  5. Judith H

    I was in an emergency and I went on their platform. It is easy to navigate, you can apply, get and approval and get the money. As easy as that. Great service and very fast.

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  6. Harold M

    I think that they don’t lend money to everyone. I was rejected and I don’t know why. No support service, and I couldn’t get in contact for explanation.

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  7. Megan K

    They do not charge an origination fee, but they charge a lot for a loan. And for late payments too.

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  8. Keith C

    These platforms are good for people that has a bad credit score and can not get a loan through banks and other financial institutions. Their interest rates are big considering the fact that they gave loans to people that are risky. It is expected to be like that. Otherwise, we can not get loan. So these platforms are only for emergencies.

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  9. Cheryl C

    Good company, reliable and fast service. I get approved within an hour and received money the next day. I paid it on time and that’s it. Next time if I have an emergency I know where to go.

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