LendingTree Review

ByCaroline BentonDec. 31, 2020

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In a Nutshell

With a large network of top lenders, LendingTree has the tools you need to find the right car loan for your individual circumstances regardless of your credit score. The simple and efficient application process will quickly find the terms and rates that suit you.


  • Vast network of loan providers with competitive rates
  • No minimum credit score


  • Not a direct a lender, so rates and terms vary
  • Lack of information on specific loan types and terms

LendingTree at a Glance

Loan types  New and used car loans, refinancing, lease buyout
Loan amount  Up to $300,000
Repayment terms 12, 24, 36, 48, 60, or 72 months
APR from  3.49% - 4.27%
Minimum credit score  None
Suitable for Comparing offers from a variety of lenders
Direct Lender or Marketplace Marketplace

LendingTree LendingTree View Rates


LendingTree is not a direct lender but a loan marketplace with some of the most trusted names in the financial services industry. Through this platform, you can find a loan provider that matches your needs without having to visit several websites or physical locations. 

The company’s model promotes lender competition, which benefits you, the customer, as lenders vie for your business and offer favorable terms and rates. The vast marketplace of lenders gives customers with all levels of creditworthiness the ability to find the financing they need to purchase cars or simply refinance their existing loans at more favorable rates.

LendingTree was founded in 1996 to create a simpler way to search for loans. The company has since become one of the largest lender networks and marketplaces in the United States. 

Suitable For?

Thanks to its marketplace model, LendingTree is an ideal fit if you want to compare several options before making a final decision but may not have the time to do so. The competition between lenders means more favorable repayment terms and interest rates. LendingTree is also an excellent alternative if you don’t have an excellent or good credit rating but are still looking for financing to help pay for a new or used vehicle.

Call Lending Tree 8334121028

LendingTree Features

LendingTree offers financing for new and used cars and auto loan refinancing for customers. LendingTree’s auto loan portal includes information on inspections, manufacturer data, car values, and a forum where you can ask questions and answer other consumers’ queries. 

  • Some highlights include:
  • A vast network of lenders
  • A strong emphasis on educational resources
  • A range of loan types
  • Loans for customers of any credit standing
  • Direct car sales
  • Loan calculators to help with financial planning

Application Process

Getting started with LendingTree is fast and painless as it pre approves most customers before matching them with the right lender. To begin the application, you will need to fill out an online form that requests basic personal information, such as name and place of residence and financial details that include income level, housing status, and similar queries. LendingTree does not perform a hard credit check, so customers’ credit scores are not affected when they apply for prequalification. To be approved for a loan, LendingTree requests that you meet the following criteria:

  • Be at least 18 years or older
  • A U.S. citizen or permanent resident
  • Have a verifiable bank account
  • Have a stable source of income

LendingTree will also ask you for some basic financial details, including your debt-to-income ratio, before performing a soft credit check to match you with your ideal lender. You will also be asked to provide the following documentation:

  • Proof of residence (such as a utility or lease agreement)
  • Pay Stubs from recent months
  • Official identification documents, such as a driver’s license or passport

Once prequalified, LendingTree will display matches for each application. It is important to note that since LendingTree is not a loan originator, any final terms, rates, and amounts are settled directly with the selected lender.

Loan Types and Terms

LendingTree’s main offerings are new auto loans. The loans feature a range of amounts and flexible rates and repayment terms. You can select to borrow between $1,000 and $300,000, with terms of either 12, 24, 36, 48, 60, 72, or 84 months. Interest rates for new loans start as low as 2.39% (for refinancing) and 3.49% (for new and used auto loans) as of July 7 2020. However, keep in mind that final interest rates and terms are provided by and agreed to with the lender the customers chooses, not LendingTree.

The company also offers loans for used cars and does not check for certain details other lenders may request, such as mileage. This means customers have a better chance of being approved and matched for a loan regardless of the car’s age. Rates shown for some of LendingTree’s partners can start as low as 3.49% for a 36-month loan.

How Safe is LendingTree?

Although LendingTree works with customers’ sensitive information, the platform keeps that information secure and only shares it when necessary. The company does share information with partners, but it is transparent about what information it collects, how it is collected, and the reason information is shared. In most cases, this is simply so that lenders can provide the highest possible levels of services to potential customers. LendingTree employs industry-standard security measures including user data encryption along with robust physical and electronic protections for its servers.

Repayment Options

If you go with LendingTree, since the company is not the loan originator, you will not work with the company once the terms of your loan have been established and funds disbursed. LendingTree’s partners generally offer flexible repayment terms ranging from 12 months up to 84 months and with interest rates that are more favorable than many competitors. Many of LendingTree’s partners offer automatic payments, but this varies from company to company, and customers should always confirm the preferred method to repay their loans with their chosen lender.

Help & Support

You can get in touch with LendingTree via phone on weekdays and Saturdays during regular business hours or via email at any time. The company’s FAQ could be easier to navigate; however, it does feature several helpful sections with useful answers to questions on the lending process. LendingTree features an impressive trove of educational resources, such as a variety of calculators, articles, guides, and lender reviews to help you make the most informed decision possible. 

Call LendingTree 8334121028

How LendingTree Compares

APR 3.49% - 4.27%
Min.credit score  None None
Loan amount $5,000-$300,000 Up to $45,000
Repayment terms 12-72 months Varies
Suitable for Comparing options Bad credit

Lending Tree’s APRs compare favorably to competitors, but if you do have excellent credit then you could theoretically get a better APR with AutoGravity. LendingTree excels at both high value loans, offering a larger maximum than its competitors of $300,000, and its network of lenders offers a much larger variety of terms, ranging from as little as 3 months to as much as 180 months

If you suffer from low credit, then you are better off with LendingTree. AutoGravity also connects low-credit borrowers to financing, but its model is slightly different, as the financing comes from auto dealerships, rather than private lenders.

Final Word

LendingTree’s marketplace model lets you compare options, which forces lenders to offer competitive rates. The simple and efficient application process matches you with the right lender. LendingTree’s ability to work with customers with all types of credit is a bonus to its auto loans search service.

Physical Address

Lending Tree LLC

11115 Rushmore Drive

Charlotte, NC


LendingTree LendingTree View Rates

LendingTree customer testimonials

ExcellentReviews 9,160
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  • author
    David Haney
    19 hours ago
    So simple, so quick.

    After checking with my credit union about an unsecured loan (no such thing) I googled "unsecured loan ". Well, Lending Tree popped up and I inquired. A few minutes later it showed me OPTIONS for the amount I wanted. I selected 2 options and applied. It is amazing how easy it is to get money. I didn't get the amount I wanted not did I get the rate or length (84 months). But I did get approved for a little less with higher interest rate and shorter term. Possibly because of my DTI. Anyway. I recommend this route. The 3 people I dealt with were great and pleasant and helpful. Thanks to those responsible for my loan. You made our life easier.


  • author
    Scott Moffet
    21 hours ago
    I just want to say that I am very…Grateful for all you have done for me

    I just want to say that I am very appreciative of what Lending Tree has done for me with out them I have no idea what I would have done. The representative that worked with me on my loan jumped through hoops to make things happen and to ease my piece of mind. I am truly grateful for all that they did for me. Thank You very much.


  • author
    a day ago

    We were looking for a relatively small loan. This was our first time using Lending Tree. The initial search returned several lenders. Of those, OneMainFinancial was the first choice, offering a rate which was less than half of other lenders. We began an application. We dealt with the rep, Dominique. He guided us through the process over-the-phone. By the following day the loan was approved. A decent lending rate. All done virtually. No need to visit the lender's nearest office. We completed the loan over-the-phone. Dominique even printed our paperwork for us to pick up in the next few days at our leisure. A very pleasant experience. Dominique was both professional and sociable. The loan amount was promptly direct deposited the following day. And, we have a seven day window in which to return the entire loan amount, without penalty, if we so choose. No questions asked. I was leery of trying Lending Tree prior to this experience. However, I now realize the process is legitimate and fair. One can accept an offer and initiate a loan, or simply do nothing and unsubscribe. No pressure. No need to leave one's home. OneMainFinancial laid out all the costs and pertinent information. It was a straightforward loan. No different than had we gone to a bank. No hidden fees nor charges. All done from the comfort of our home. We highly recommend Lending Tree. We also highly recommend OneMainFinancial.


  • author
    a day ago
    Super easy to apply and receive money

    Super easy to apply and receive money! Highly recommend!


  • author
    Jennifer Harvard
    2 days ago
    I was very impressed with the ease of…

    I was very impressed with the ease of obtaining offers for personal loans and ultimately being able to secure one all because of the connection on LendingTree. I was disappointed with the first offer because it was attached to one of my loans that ultimately they were not able to service. I gave that company feedback since the limit on who they can make direct payments to should have been upfront information. However, I went with the next best offer and it couldn't have been easier. I finished the application and it was approved and funded the same day. Funds were deposited the next day. I am stunned and grateful that I was able to do this so I can lower the amount of interest I will have to pay over the remainder of the loans I consolidated.