TakeLend Loan Review

Editor’s Rating

4.0/5.0

TakeLend Loan Key information

Are you searching for a fast solution of your current financial issues but have no idea where to borrow the necessary amount of money? Do you think that you will have trouble with being approved for a personal loan? TakeLend may help you to solve this problem.

This credit provider offers all kinds of credit, thus you are able to save a lot of time, as this financial platform will connect you with a lender that will lend you a necessary amount of money you need. This financial platform offers a larger loan with longer term.

Pros and Cons of TakeLend Loan

Pros of TakeLend Loan

Longer repayment period
Large network of lenders – more than 100
Offers various credit types
It is fast
It is free to use
Loan from $1, 000 up to $15, 000
Excellent credit score/history is not required
Accepts all kinds of credit borrowers
Uses encryption technology to protect personal data of their clients

Cons of TakeLend Loan

Almost no online presence
No customer service phone number
Limited website information
It is difficult to get an idea of APR before submitting your personal info
Citizens who live in New York, Vermont, West Virginia, Arkansa, and Connecticut are not eligible for TaleLind personal loans

Is it safe to apply with TakeLend?

TakeLend uses electronic information encryption technology to provide proper safety and security of its customers’ private information. Other TakeLend website reviews talk mostly nothing about this financial platform. It has no BBB (Better Business Bureau) page as well as nothing on Reddit or Trustpilot. On scamadviser.com we have found that the website’s trust score is 100 % that is high to be trustworthy and not the fake one.

Why Choose TakeLend?

There is a wide range of loan-connecting services that accept applicants of any credit type. However, how to find the one that will offer a wide range of lenders may be a question. TakeLend is a widely known financial platform that is not a lender itself. It only connects borrows with lenders due to the application requirements of the borrower. Today, TakeLend includes more than 100 lenders, meaning you have higher chances to be connected with the lender willing to offer the necessary type of financing you need. TakeLend collaborates with different financial institutions as well as online lenders that offer lower-interest financing. However, it is not responsible for any rejected loan offer.

TakeLend Loan Application Process

To submit TakeLend persona loan you need:

Check out whether you are eligible for a loan
Once you’ve checked out that you are eligible for the loan you can start the application form
Visit the website
Fill in your contact info as well as point the required loan amount
Read all the necessary information concerning terms, use and e-consent documents, privacy policy, etc. before agreeing with loan requirements
Click “get cash now”
Before submitting your application fill in all the required information concerning your personal information, employment information, and deposit information
Wait until TakeLend will connect you with lenders to make an offer
In case you get an offer you like, follow your lender’s directions to apply
In less than 30 minutes you will be approved

TakeLend is a large network that connects borrowers with lenders. It offers personal loans ranging from $1, 000 up to $15, 000 (these loans are unsecured and have fixed interest rates). Lenders operate an APR not exceeding 35.99%. Lenders determine fees as well as interest rates. However, there are other factors, which have a huge impact on fees and interest rates. They are loan amount, debt-to-income ratio, your credit score as well as its history, etc.

Who Can Apply for TakeLend?

Only those people are eligible for TakeLend loan who:

Have an electronic checking account that allows for electronic deposits
Are at least 18 years old
Are Employed
Are US citizens or permanent US residents
Are not active members of the military
Don’t live in West Virginia, New York, Arkansas, Vermont or Connecticut

TakeLends suits the best those borrowers who make at least $2, 000 a month at the job and have a good payment history on their previous credit accounts.

TakeLend Loan Quick Facts

A wide network of lenders

TakeLend offers its consumers a wide network of different lenders willing to satisfy your financial needs and requirements.
All credit types

TakeLend des does not require you to have an excellent credit score or credit history to be approved for a loan. However, it does not mean that your lender won’t make a credit check. Lots of them have low cutoffs or pay more attention to the other aspects of your financial history.
It is free to use

Like most of the similar services, this one does not charge its user’s and fees. It makes money on leads that are sent to its network.
It is fast

It saves lots of your time, as there is no need for you to spend hours searching for an appropriate lender. TakeLend will do it for you and instead of you.

Summary

It may be a good decision for those who are looking for a small loan fast and have some troubles with finding lenders because of poor credit score or history. However, its lack of online presence raises red flags concerning its safety and trustworthy.