MaxLend Review: Clear And Unbiased Facts About MaxLend

MaxLend Review: Clear And Unbiased Facts About MaxLend

(15 customer reviews)
Loan Ammount
$100 - $3,000
Loan term
180 to 300 days
Min. credit score
Est. APR
471.7846% to 841.4532%
Add to compare
8.5/10 (Expert Score)
Product is rated as #8 in category Reviews on Payday Loans

MaxLend has been in operation since 2012, offering quick personal loans to cash-strapped individuals with low credit ratings.

The lender, which operates under Makes Cents Inc., has become a source of relief for people seeking emergency personal loans. That’s because one requires minimal loan qualifications to apply, and the loan approval process is fast and easy.

However, all these benefits don’t come for free. The lender’s APRs (annual percentage rates) are pretty high. Their interest rates range between 471.7846% and 841.4532%, which is relatively high compared to other Payday loan lenders. So, MaxLend rates aren’t the most favorable, even for emergency funding, unless you’ve run out of options.

This MaxLend review will take an in-depth and unbiased look at all the crucial aspects of this platform to help you determine whether it’s a suitable lender for you. Armed with this information, you can now make your well-informed choice.

Customer Experience
  • Present in multiple states
  • Minimal loan qualification requirements
  • Easy online application
  • Fast approval time of even a day
  • Exorbitant APRs
  • Minimal borrowing limits for first-timers ($ 100 to $1,000)
  • Exclusion of military borrowers, together with their families
  • It is a tribal lender, thus self-regulating.
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’s 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
maxlend $100 – $3,000 180 to 300 days None 471.7846% to  841.4532% 24 hours

What is MaxLend?

Maxlend is an online tribal loan service provider that gives people with low credit ratings a chance to apply and access short-term personal loans.

With Maxlend, you can easily access a loan amount of up to $1475 for new borrowers and $3,000 for return ones. The platform extends short-term installment loans to customers in multiple states across the US.

It claims to be the best alternative to traditional payday loans and can process your loan in as little as one working day. Additionally, the platform doesn’t demand any collateral, not even a savings account, no matter the loan amount or loan term you solicited. This review will help us get all the facts supporting these claims.

Since it’s a tribal lender owned by the “Mandan, Hidatsa, and Arikara Nation,” MaxLend doesn’t need licensing by the state. This means that the platform doesn’t fall under the same regulations as other short-term loan service providers.

The good thing with such a lender is that they can extend their lending services to states where stringent regulations deter other typical lenders.

If you are in such a state, or your credit score limits your funding options, Maxlend offers you an excellent chance to get that much needed short-term loan.

back to menu ↑

Types of Loans MaxLend Company Offers


Maxlend company offers several types of loans depending on your needs. You can apply for any of these:

Payday Loans

These are short-term loans that enable you to sort your emergency and are payable with your next paycheck. They are the most accessible loans but bear the highest APRs.

You should pay back the total funding plus interest once the next paycheck hits your account.

Installment Loans

An installment loan is an alternative to the payday loan. It extends your repayment period but expects you to pay installments either weekly or monthly.

With installment loans, the repayment burden is not too much, especially when the loan amount is high. Because the loan term is a bit longer, it gives you more time to pay back the money.

The best thing with a Maxlend installment loan is that you don’t need any collateral to apply and qualify for the funding. Your proof of income is enough to get your installment loan processed.

Advance Loans

They are almost similar to Payday loans, but they are a bit faster to approve. You can receive it even using your phone, right from the comfort of your sofa after application. And, you can get these short-term loans in your bank account in as little as one business day.

Borrowers must pay this loan once you receive your next paycheck. It’s tied to your level of income.

Cash Loans

These are emergency loans that MaxLend grant their clients to pay for unexpected expenses, which their budget didn’t cater to. They can approve cash loans in as little as the same day or by the next business day. If you can’t get any more from your credit card, this may be your next best alternative.

Personal Loans

These can be any of the above loans. Any funding that is not a student, auto, or mortgage loan, falls under personal loans.

For all these types of loans, MaxLend offers you a chance to acquire a maximum of $3,000 within the same business day. Whether payday or installment loans, your money will be in the account, latest the next business day.

back to menu ↑

Is MaxLend Safe to Borrow From?

The fact that the lender is not state-controlled raises many concerns about the safety of your personal data. However, as per the lenders’ assurance, this shouldn’t worry you. And this review is just about to clarify that.

According to MaxLend, the platform operates on secure servers, which ensures your data’s safety. Also, they claim to follow and adhere to the industry’s standard data security procedures. This way, although you can’t legally sue the company as the Tribe handles all its disputes, there is some safety assurance level.

However, before you decide to settle on MaxLend loans, ensure that you have in-depth knowledge of the way Tribal Law operates. With this information, you’ll know how to handle any issues that might arise.

But would we recommend borrowing from MaxLend? Read on to get more information about the platform and our expert’s recommendations.

What are MaxLend Rates?

While MaxLend offers you access to easy and fast personal loans that require minimal qualifications, you need to have clear information of exactly what you’re getting into.

How are Maxlend loan rates? How are the loans structured? Or what are the requirements for loan qualification, and how do you apply? These are the answers that this review offers.

For starters, MaxLend loan charges are significantly high. Its APRs (annual percentage rates) usually range between 471% and 841%. When you compare these to the APRs paid on a standard payday loan, which can only go up to 400%, MaxLend charges can reach more than double.

This is because Tribal Lenders, like MaxLend, are not under the Consumer Financial Protection Bureau that controls interest on loans for other loan service providers. Therefore, they can charge exorbitant interest on loans without consequences.

It’s also important to note that MaxLend loan structures their charges per each $100 you borrow, payable weekly. For instance, if you choose to take a loan of $1000, your weekly installments would include up to $147.50 in loan fees. On the other hand, if you opt for a monthly repayment schedule, your loan fees can go up to $590 each month for the $1000.

Would costs that would accompany your Maxlend loan include things like:

  • The loan origination fee is between 0.5% and 5% of your loan amount.
  • The processing fee is $350, sometimes higher.

All these details will help you make an informed choice when it comes to MaxLend personal loans.

States Where MaxLend Isn’t Available

MaxLend Loans Company has its presence in 37 states across the US except the following:

  • Connecticut
  • Georgia
  • Arkansas
  • Massachusetts
  • Minnesota
  • North Dakota
  • New York
  • Pennsylvania
  • Vermont
  • Virginia
  • Washington
  • West Virginia
back to menu ↑

How Does MaxLend Platform Work?

If you want some funding from Maxlend company, this is how you go about it. First, this depends on whether you’re a first-timer or a repeat borrower. Also, you must first have hit the minimum age limit of at least 18 years.

If you are a first time customer, you can only borrow up to $1475 and a minimum of $100. But for a repeat borrower, the maximum loan amount is $3,000.

MaxLend loan application follows these simple steps:

  • The first step is to complete an online loan application form on the MaxLend company website.
  • Then, make sure you attach all necessary loan documents, like proof of age and income.
  • Once your application is approved, a customer service agent gives you a confirmation call.
  • After the confirmation, you’ll get a reply to the application via email.
  • Then you’ll get the money within one business day in your bank account.

The entire application process is as straightforward as it is fast. So, if you qualify for the loan, you can have the money you need within a day.  Also, the platform rewards prompt repayments and repeat customers with lower fees and higher loan amounts.

MaxLend has four loan categories as follows:

  • Green Level: Every first-time customer falls into this level. It has a maximum loan limit of $1,000, and you must make your payments in 180 days. The maximum rate here is $24.50 for each $100 loaned.
  • Silver Level: This level offers maximum loan limits of $1,500, payable in 270 days. The maximum loan rate here is $21.50 per 100 dollars.
  • Silver Level: Here, you get loan limits of up to $1,750, payable in 300 days. The level’s maximum loan rate is $18.30 per 100 dollars.
  • Platinum Level: This is the highest of the loan categories, which offers up to $3,000. The maximum loan rate at the platinum level is $16 for every $100, and the payments must be within 300 days.

These levels indicate that the more loans you take and payback, the higher your chances are of getting loans at lower fees. You also get a higher loan amount, with extended repayment periods if you make your payments on time.

back to menu ↑

MaxLend Loan Main Features

Here is what makes MaxLend company unique:

  • No credit score requirement: While it’s almost impossible to qualify for a standard personal loan with a bad credit score, MaxLend makes this possible. This means that you can access unsecured loans from MaxLend, even without a good credit score.
  • Best for an emergency: MaxLend personal loans are best suited for unexpected occurrences, specifically when you are out of options. This is due to the high APR they charge and their maximum loan limit of $3,000.
  • APR charged per every $100: When you take a loan with MaxLend, the interest rate applies to each $100 you receive.
  • Zero early repayment penalties: If you manage to pay your loan earlier than stated in the agreement, MaxLand won’t penalize it. However, ensure that you never make late payments.
  • Fast loan application process: When they approve your loan application, you need one business day for the money to hit your bank account.

Requirements for MaxLend Loans

For you to qualify for that emergency personal loan with MaxLend, here’s a review of what you need:

  • US citizenship or permanent residency
  • Be above the minimum legal age of at least 18 years.
  • Have proof of a verifiable source of income.
  • Must not be a  part of a current bankruptcy case or have intentions of filing for bankruptcy.
  • Possesses an active checking account where you deposit your income.
  • You make at least $10,200 or more in annual income.
  • Not be in the military (spouses and dependents of people in the military are also not eligible).
  • Be a resident of a state where the platform operates.

Does MaxLend Report to Credit Bureaus?

Like any other lending company, MaxLend also checks your credit ratings with credit bureaus. However, this may not have any significant, long-lasting effects, as Maxlend doesn’t need your good credit score to grant a loan.

Also, the platform doesn’t report its loan defaulters to traditional credit bureaus. The reason being, MaxLend’s goal is to offer short-loan services to individuals whose bad credit scores hinder them from accessing regular loans.

In contrast, they aim at helping their customers improve their ratings with these credit bureaus.

Is MaxLend a Legitimate Loan Company?

When it comes to MaxLend’s legitimacy, the company is, without doubt, a legit one. This is evident from numerous online reviews that indicate that people are getting personal loans from this platform.

While their interest rates might be too high, or the fact that they don’t operate under the usual state laws as other lenders, MaxLend is 100% legit.

The platform is actually a member of the CFSA (Community Financial Services Association of America), a national trade association representing non-bank lenders.

However, this doesn’t protect MaxLend from getting numerous negative reviews every day. This is mainly due to their exorbitant interest rates that significantly strain the borrowers’ installment repayments.

While BBB reviews rate the platform at 1.6 stars, others review platforms like Trustpilot rate MaxLend at 3.9 stars. These reviews show that although some people are not satisfied with MaxLend, another group of borrowers is quite content with its services.

Is MaxLend the Loan App for You?

Will MaxLend solve your financial problems, or is it just another additional strain on your income? This is a question that you must answer before filling in that loan application. Remember, you will repay this money.

For starters, we recommend that you only consider MaxLend personal loans as your last resort. Reason! The platform charges extremely high fees, making their personal loans too expensive to service.

While it presents itself as the best alternative to payday loans, MaxLend company can confine you to a cycle of eternal debts. It may not require your car title or a savings account as security, but their high loan charges might not be worth the risk.

Also, try missing on one installment payment and see how fast that loan can accumulate. Late payment attracts extra fees and penalties that will significantly alter your payments. Make you pay all your installments on time.

Some will say that the platform offers access to emergency funding, even with a low credit score. Also, you get that money in your checking account within one business day. Well, that may be true, but it comes at a cost.

If the need for money is not that urgent, you may need to reconsider. An APR of up to 841% might not be worth it.

Before you apply for a MaxLend loan, ensure that you have exhausted every other option at your disposal. Some other lenders may be ready to give the same loan amount at considerably lower fees.

For instance, even a credit card’s average APR is way lower than that of MaxLend. If there’s a cheaper option to sort out your emergency, make sure that you don’t miss it just because of the easy and fast approval of a MaxLend loan.

And if you decide to apply for a loan with MaxLend, ensure that you exhaustively read the fine print of the loan agreement. Don’t sign it before you are aware of all the charges that accompany the loan, as well as any other additional and hidden fees they might impose. Also, ensure that it’s within your capability to pay the necessary installments faithfully.

Customer Reviews and Feedback

MaxLend has numerous online customer feedback and comments. In this review, we’ve picked a few of these comments to help you understand the platform better. While some reviews may be malicious, others will provide a clearer picture of the platform’s operations through them.

Most of these reviews center on the high APRs and customer service aspects of the platform. Take a look at these:

Kim Smith: “MaxLend was such a great option for my temporary time of financial need! They are always courteous, polite, and have even worked with me when I had a brief moment of unemployment. Thank You, MaxLend, for being there when I needed you.” Trustpilot

BBB: “I borrowed $275 in time of need at the beginning of the year, and they have taken that and so much more. I only owed $275, which is how much I borrowed. I paid back so much more since, and the coronavirus is ongoing. I am losing all my money to this company. Why do I have to pay back money till October if I have paid back so much? I can’t save. I can’t eat or pay my bills.” BBB reviews

Douglas Roberts: “Doing business the past year with Max-Lend has been gratifying. Considering my situation then and now. I found great, understanding people to work with, and I consider them to be a great source of income when fast cash is needed. A very trustworthy firm.” Trustpilot

We recommend that you go through as many customer reviews as possible before you make your final decision. Some of these reviews can offer some quite helpful information.

back to menu ↑

Key Takeaway

MaxLend is one lender you can rely on to sort your most pressing financial emergencies. This is because they don’t require a positive credit score to grant you a loan or even collateral. All you need is to pass their simple eligibility criteria, and you’re ready to get your loan.

However, this convenience comes at a cost. First, the lender operates under Tribal Law, which exempts it from state regulations governing other micro-lenders. This allows them to place a high-interest rate on your personal loan without much worry.

Although they can overlook your creditworthiness, their high service fees might not be favorable in the long run. You may end up paying more than you bargained for.

So, do we recommend this platform? Well, only if you don’t have a cheaper option, and you’re sure that your income can cater for the installments.

For this reason, take your time to evaluate all your options, read MaxLend customer reviews, and gauge the platform with several other lenders. With this information, you can determine whether the loan is worth the cost before signing that loan agreement.

You can also visit MaxLend official website,, for more clarification on their loans.

Terms: MaxLend Review: Clear And Unbiased Facts About MaxLend

Loan amount $100 - $3,000
Loan term 180 to 300 days
Min. credit score None
Est. APR 471.7846% to 841.4532%

Photos: MaxLend Review: Clear And Unbiased Facts About MaxLend

15 reviews for MaxLend Review: Clear And Unbiased Facts About MaxLend

3.3 out of 5
Write a review
Show all Most Helpful Highest Rating Lowest Rating
  1. Sara J

    Their fees are extremely high. I needed the money and I applied and I am repaying it since then. It never comes to an end. Awful situation.

    Helpful(0) Unhelpful(0)You have already voted this
  2. Jesse J

    They are good company as the last resort. If you have other options stay out of it or you will come to a circle of paying additional fees, then repaying another additional fees, and start all over again.

    Helpful(0) Unhelpful(0)You have already voted this
  3. Janice D

    In my opinion the fees they charge are too high. As stated there are other lenders that charge normal fees. These are just too high and everyone will have problem repaying it.

    Helpful(0) Unhelpful(0)You have already voted this
  4. Dylan J

    I am just satisfied with their service. I needed a loan fast and they serviced me fast. The first time it was a small amount and high fees and now I get access to higher amounts and smaller fees and extended time of paying. They are real good company which lends money to people in need.

    Helpful(0) Unhelpful(0)You have already voted this
  5. Jean B

    If you have other options that you do not consider lenders like MaxLend. But when I needed some money for some additional expenses, MaxLend was my saver. I paid the initial amount and the fees on time. And if I need money again I will gladly go on their platform again.

    Helpful(0) Unhelpful(0)You have already voted this
  6. Bryan A

    I got my money within one business day as they promised. If you pay on time, next time you get some discounts in fees and on installments. They are good company for people in need of fast cash.

    Helpful(0) Unhelpful(0)You have already voted this
  7. Alice J

    I didn’t read the fine prints on the contract and now I am repaying and repaying. For an amount of 250 bucks I am paying 5 times more. I already paid more than a thousand. Awful. Never again.

    Helpful(0) Unhelpful(0)You have already voted this
  8. Joe M

    As mentioned in the article MaxLend is the last resort to get some money. I don’t know what people expect? Of course they are charging high fees. And this is for people who can not get a traditional loan.

    Helpful(0) Unhelpful(0)You have already voted this
  9. Madison J

    I like their platform. You apply, they verify you, they approve and you have access to the money. No fuss, no hustle. You have to pay all they ask and I agree this is too much. But you should be ready to pay their fees if you want a loan with them.

    Helpful(0) Unhelpful(0)You have already voted this
  10. Jordan D

    We all want the loan because we need money and then we complain on the high fees. This is how they work. If you don’t want to pay the fees go to another lender.

    Helpful(0) Unhelpful(0)You have already voted this
  11. Doris B

    MaxLend is legit company and they saved me when I needed money most. Thank you for your fast service.

    Helpful(0) Unhelpful(0)You have already voted this
  12. Billy A

    With the Covid situation there was a time when I was behind with my bills and rent. I went to their platform and got a loan. I am still repaying it, but I am thankful because when I was in a bad situation they helped me.

    Helpful(0) Unhelpful(0)You have already voted this
  13. Abigail B

    I think that their fees are highest on the market. I don’t think that other lenders have such high fees. For payday loans we know that the APR is high but this is too high.

    Helpful(0) Unhelpful(0)You have already voted this
  14. Bruce J

    I needed the money, MaxLend approved me very fast and I am grateful that such platforms exist. We can get a loan when needed with bad credit score.

    Helpful(0) Unhelpful(0)You have already voted this
  15. Julia A

    High fees are something that I expect from such platforms. You need money, they approve the money you pay their fees. Simple as that.

    Helpful(0) Unhelpful(0)You have already voted this

    Add a review

    Your email address will not be published. Required fields are marked *

    MaxLend Review: Clear And Unbiased Facts About MaxLend
    MaxLend Review: Clear And Unbiased Facts About MaxLend

    Compare items
    • Total (0)