If self-sufficiency was a choice, there is no doubt each one of us would go for it. However, it is not, and every once in awhile, we tend to find ourselves in money fixes we never thought we would. For instance, medical emergencies, late rent, unforeseen expenses, debt consolidation, and a long string of other money-emergency situations that can quickly drive us crazy.
In such scenarios, some people are often lucky as they can get friends and family to help out. However, most of us are left stranded with no option but to look for personal loans. The good news is that with platforms like LendJet, now these emergency loans are an inch closer whenever the need arises.
LendJet at a glance
- You get get a personal loan from $1,000 to $10,000
- Generally, you do not need to have excellent or good credit to qualify for a personal loan
- Estimated APR is 6.95-35.99%
- It's a trustworthy way to get funding
- You can simply complete the online request form and get an answer instantly
- Get started at LendJet
Compare with other lenders
How does LendJet compare to other personal loan companies like Prosper or White Rock Loans? Let's see.
» MORE: Compare online loans and pre-qualify
Full LendJet review
What is LendJet? LendJet is a personal loan platform where borrowers with all types of credit history can secure emergency loans of up to $10,000. However, even though it's a personal loan program, it's vital to note there is a significant difference between LendJet and other applications.
Why? Well, LendJet is neither a bank, nor a lender. It is simply a platform where borrowers of all credit histories are connected to a bunch of lenders who offer fast cash solutions. Even though the platform is relatively new, it's already taking over the scene due to factors such as quick approval rates as well as the easy loan application. Hence LendJet can be referred to as a lenders marketplace.
How does LendJet work?
The loan application process on LendJet is pretty straightforward and takes only four steps. To apply, visit the site, fill in your personal information, indicating details such as your employment status, your income, the purpose of your loan as well as the amount of cash that you need.
The application is pretty simple, but it tells lenders all they need to know about you before they cash you out. Depending on this information, LendJet then connects you to a long string of Lenders who match your criteria. If the terms are appealing, all you need to do is accept the loan, and LendJet will ask you how you want to receive the money. The best bit about this platform is that it has a fast-approval rate, and depending on the amount you've borrowed, you can get it as soon as the next business day. What's more, is that you can qualify for a loan even with poor credit.
The loan repayment terms often vary from one lender to another. However, in general, LendJet usually offers monthly or bi-monthly repayment options. As for the repayment period, it may be as short as 12 months or as long as 60 months. This again depends on the specific requirements of your lender.
Is LendJet legitimate?
Wondering about the legitimacy of LendJet? Then you should not as the platform is 100% legit for several reasons. First, the platform is free! Unlike most lending platforms that require you to pay a certain amount of money upfront for you to unlock access to the loans, LendJet doesn't charge you a dime. However, note, the lender you work with might have fees as part of their repayment terms. That should not worry you because even in regular money-lending situations, you pay such fees.
Also, even though the loan application process is easy, it’s not as dramatically easy as with most other platforms. You must first fill in your information so borrowers can get all the necessary history on you, to keep the process safe and legal.
Also, since cybercriminals are increasingly targeting personal and financial information, LendJet not only complies with the industry data protection standards but also goes the extra mile to safeguard the safety of your data by using 256-bit SSL encryption. The only party with access to your sensitive information is the lender you choose.
So the short answer to whether LendJet is legit is YES.
Does LendJet check your credit?
Although you can qualify even when you have filed for bankruptcy, LendJet does not perform a credit inquiry. It is simply a lenders market, and all it does is connect you to lenders who'll help you out. That said, some lenders will often review your credit history before cashing you out, but not all of them. Therefore, LendJet does not check your credit score, but the lender might.
What are other LendJet reviews saying?
So far, most of the LendJet reviews have one thing in common; they are all positive and reflect our review as well. Previous borrowers have left testimonials saying how the platform has helped them in the past with situations such as education funds, business loans, and debt consolidation.
A majority of them are impressed by the fact that the repayment period can be as long as 60 months, hence gives them the flexibility to pay at their own pace. 93% of those who've used the platform reported that they would gladly use it again if need be. Other factors that LendJet users are happy about include the top-notch customer service and the smooth sailing loan application process.
Pros
- Unsecured personal loans do not require any guarantee
- Increase your credit score
- Get the money you need quickly
- Good credit can give you a lower interest rate
- Most are fixed-rate loans, which makes budgeting easier
Cons
- Approved borrowers with subprime credit could receive higher interest rates
Apply on LendJet
Whether you like it or not, financial problems are inevitable. So it’s normal to need financial help every once in a while. LendJet looks to be your go-to solution when any unforeseen problem arises.
, we'll show you how you can use a LendJet personal loan for just about anything you would want.){kind=link}