LendingUSA Personal Loans Review, April 2025

Best for point-of-sale financing and no-interest promotions

LendingUSA partners with merchants in a wide range of industries including healthcare, pet care, cosmetic surgery, funeral services, home improvements, and debt consolidation, as well as lending marketplaces like Credible. It offers loan amounts ranging from $1,000 to $50,000, depending on the outlet, with annual percentage rates (APRs) ranging from 13.00% to 29.99%. 

Some partners may offer zero-interest promotions as well — allowing you to pay off the purchase in interest-free installments throughout the promotional period. But be aware that such promotions may charge deferred interest. This means that if you don’t pay the balance off entirely before the promotional period ends, you could owe the interest you would have paid without the deferred interest promotion. 

Great for fair credit

You could be approved for a LendingUSA loan with fair credit as long as you have a FICO score of 620 or higher. To qualify for a LendingUSA loan through Credible, it’s best to have a 660 FICO score or higher.

Pros and cons of LendingUSA personal loans

How to qualify for a LendingUSA personal loan

LendingUSA requires that you must:

• Be at least 18
• Have a valid Social Security number
• Live in a state LendingUSA operates in

LendingUSA does not offer loans in CT, GA, HI, IA, IL, MD, MA, ME, MT, ND, NH, NM, NY, OH, SD, VT, WA, WV, or WY.

If you’re interested in a LendingUSA loan, you can prequalify online to see whether you might be approved. Prequalifying will not affect your credit score. LendingUSA only takes applications online, not over the phone.

Credit score and financial history

You’ll need a credit score of at least 620 to be considered for a LendingUSA loan, but some partners may require a higher credit score. You’ll need a 660 FICO score or higher through Credible. When reviewing your application, the company will consider your credit history as well as your score.

Income and employment

LendingUSA will ask about your employment and verify your income during the loan underwriting process. The minimum income requirement may vary depending on the partner — you’ll need a minimum annual income of $48,000 to qualify through Credible.

LendingUSA personal loan purposes

There are a number of approved uses for a LendingUSA loan, as listed on the company’s application form:

• Cosmetic surgeries
• Debt consolidations
• Credit card refinancing
• Dental procedures
• Funeral costs
• General healthcare
• Home improvements
• Major purchase
• Car financing
• Moving relocation

The company has worked with more than 10,000 merchants across a range of industries, so you may be able to use a LendingUSA loan for other items and services at point-of-sale, such as veterinary care, chiropractic services, or even tax payments. 

Loans made through Credible are available for debt consolidation, credit card refinancing, home improvement, major purchase, car financing, cosmetic procedures, medical expenses, and moving relocation. 

LendingUSA personal loan fees and penalties

You won’t find much information about LendingUSA’s fees and penalties on its website. 

Loan origination fees

You can expect to pay a loan origination fee of up to 8% with LendingUSA; the fee is capped at 5% through Credible.

No early repayment penalties

There are no early repayment penalties with a LendingUSA loan. In fact, if you’re eligible for the company’s promotional financing offer, early repayment could save you money on interest, too.

How LendingUSA compares to other lenders

How to contact LendingUSA

You can reach LendingUSA by phone at 800-994-6177 or by email at [email protected]. The company offers answers to some frequently asked questions on its FAQ page.

LendingUSA’s normal business hours are Monday through Friday, 7 a.m. to 6 p.m. PST.

If you’re having trouble making your loan payments, you can call 888-387-7036 to discuss your options.

About LendingUSA personal loans

LendingUSA offers personal loans between $1,000 and $50,000 to help you cover medical bills, pay for a funeral, consolidate debt, and more. The company, which was founded in 2015, is based in Sherman Oaks, California and has served more than 150,000 borrowers, according to its website.

Rating LendingUSA personal loans

Credible evaluated 30 personal loan lenders based on customer experience, minimum fixed rates, maximum loan amounts, funding times, loan terms, fees, and more to determine individual lender ratings based on how each compared to its peers across categories. 

Credible’s team of experts gathered information from each lender’s website, customer service department, in-house resources, and via email support. Each data point was verified by a senior editor for accuracy.

Learn more about how Credible rates lenders by exploring our Personal Loans Lender Rating Methodology.