LoansUnder36 personal loans review: Loans for all credit types, but watch out for predatory tribal lenders.

Where LoanUnder36 falls short

LoansUnder36 has many shortcomings compared to other loan marketplaces that work with the top personal loan providers in the industry. These are red flags we found after reading the disclosures on its website:

• Works with tribal lenders. Tribal lenders may be exempt from state licensing and interest rate caps — which means APRs could hit the triple digits. Tribal lenders also use tribal arbitration rather than a US court for disputes, so you’ll be limited in bringing any claims against the lender if a problem arises.
• Authorization to obtain a credit score. Unlike other loan marketplaces, LoansUnder36’s disclosures imply that if you submit a loan request on its site, its partners may do hard credit checks during the pre-qualification process, which could ding your credit rating. Other marketplaces do a soft credit check only when you submit a request for information.
• Assumes no liability for damages. Warmest Dear, LLC, LoansUnder36’s website owner and operator, also states that it is not liable for any damages connected to the use of its website and states that the customer must indemnify the company from damages. This means if you run into problems as a result of using the site, you won’t get help.
• No company information online. The company disclosures state that its website is owned and operated by Warmest Dear, LLC, a company we can’t find any substantial information about online except for an address.

A legitimate loan marketplace generally discloses the lenders it works with. Fiona, for example, clearly states its partners on its homepage so you know which lenders you could be matched with before you submit your application. LoansUnder36 does not provide this information.

LoansUnder36 loan details

Minimum credit score/credit range	Not stated
APR	Not stated
Loan amounts	$500 to $35,000
Terms	Not stated
Approval turnaround	Not stated
Availability	Not stated
Fees	Not stated
Other fees	Not stated

How to qualify for LoansUnder36

LoansUnder36 states that borrowers must meet the following requirements:

• Must be at least 18 years old
• Must be a US citizen of permanent resident
• Currently employed or receive steady income
• Have a bank account to receive the funds ideally with direct deposit

How to apply

While we don’t recommend using the provider to find a personal loan, you can apply on the LoansUnder36 website by following these steps:

1. Fill out the form online
2. See if you are matched up with any lenders
3. Apply with the lender
4. Wait for approval and funding

How LoansUnder36 compares to other lenders

Compared to other personal loan marketplaces, LoansUnder36 lacks information, transparency and a clear path to applying. It also works with tribal lenders, which are considered predatory lenders that can charge interest rates well exceeding 400% APR.

Other loan marketplaces, like Credible and Fiona, work with lenders that cap rates on personal loans at 36% APR, and these marketplaces clearly state the lenders they’re partnered with on their home pages. LoansUnder36 doesn’t list its partners on its site and gives no information about rates or terms.

Trying to get any information from LoansUnder36 is difficult at best. Chat representatives aren’t able to provide details on lenders or loans, and the customer support number doesn’t appear to take live calls. Other loan marketplaces offer better support, including live phone support.

LoansUnder36 reviews and complaints

BBB accredited	No
BBB rating	Not rated
BBB customer reviews	No reviews
Trustpilot Score	2.7 out of 5 stars, based on 4 customer reviews.
Customer reviews verified as of	19 May 2023

There isn’t much information from customers available online. A handful of customers on Trustpilot give the company an overall “Poor” rating, with the majority of customers saying that they had negative experiences, including one stating they had their identity stolen. Another customer believes they are “scammers.”

Is LoansUnder36 legit?

We don’t know. The company has many disclosures listed on its website and claims it uses 256-bit SSL technology to encrypt your data. But most of its disclosures are designed to protect the parent company, Warmest Dear LLC, not the customer, from liability.