Compare Our Top 5 Personal Loan Lenders of 2025
Jan 06, 2026
These are the Top 3 Personal Loans for Debt Consolidation Loans
Jan 06, 2026
5 Excellent Providers of Short-Term Personal Loans
Jan 06, 2026
Offering an algorithm-based marketplace for lenders and borrowers, MoneyLion is a place for borrowers of all kinds to find their lender match. MoneyLion offers personal loans, mortgage loans, auto loan refinance, and student loan refinance. MoneyLion works with brands in the alternative lending space and offers real-time pre-approval options from multiple lenders in seconds. MoneyLion provides a quick and simple online form that delivers a customer's best loan offers from competing loan providers. Borrowers are matched with the loan providers most likely to approve their forms, saving them time and money. MoneyLion is partnered with a number of lenders, such as Prosper, LendingClub, Rise, Avant, LightStream, Social Finance, Vouch, Earnest, LendKey, Caribou, AutoPay, and Upgrade. The company has also been praised by many business and news agencies, including The Wall Street Journal, the Finance Magnates, Dow Jones, and Crowdfund Insider.
MoneyLion is best suited to borrowers with credit scores of 580 to 800, which allows for a wide range of loan amounts. MoneyLion provides services and multiple helpful options for clients whose credit scores are below 580.
Loans from lenders found on MoneyLion can be used for:
MoneyLion features loans from $1,000-$250,000 for a wide range of purposes from consolidating debt to purchasing a car. Some loans made through the lenders found on MoneyLion are unsecured loans, meaning that the loan is issued and supported only by the borrower’s creditworthiness, rather than by any type of collateral. Therefore, for those loans you do not need to own a home or other property to be eligible for a loan from a lender you are matched with on MoneyLion.
To get offers from lenders through MoneyLion, you will need to be 18 years of age and a US citizen. The simple form asks for the following:
MoneyLion will run a soft credit check, which doesn’t harm your credit rating, and share both the form and credit check with the trusted lenders on its platform. You’ll start receiving pre-approved loan offers and static loan rates within a few minutes. You can compare them using MoneyLion's algorithm to calculate your estimated monthly repayments for each option. When you’ve decided which offer to accept, you’ll visit the lender’s website directly, where you’ll be asked some more questions and go through a hard credit check before receiving a final loan offer
MoneyLion is not a direct lender, but rather a lending marketplace. It uses proprietary technology and its relationships with dozens of lenders to find the best option for you. Therefore, MoneyLion does not determine APRs. By working with lenders in the business, MoneyLion provides a range of loan terms for most borrowing needs. Borrowers with a credit score as low as 580 can qualify for a loan. Offers are based on factors such as your credit history, current employment status, credit score, and present economic trends. MoneyLion offers loan amounts between $1,000-$250,000, which puts it ahead of other lending marketplaces such as LendingTree.
Since MoneyLion is not a lender, it does not determine repayment lengths or APR rates. This is done by the financial institution that will be issuing your loan. MoneyLion's trusted lenders offer APR rates ranging from APR: 5.20% - 35.99% and repayment terms from Loan term: 6 - 144 months. Compare the rates that are given to you by each lender to determine which offer is the best one for you.
MoneyLion uses industry-standard technology for encryption to ensure that all personal and financial information remains safe when you submit your form. MoneyLion does send information to third parties that you aren't able to vet beforehand, as with any matching service. However, it does not sell your personal data to other companies, and only partners with the best personal loan companies that are considered to be trusted, legitimate lenders.
MoneyLion also has a Programmatic Compliance tool that helps to semi-automate the process of staying within boundaries. This tool parses blog, web, or app pages where a client’s ad for a financial product will appear. It also parses the surrounding text on the page to detect any issues that could pose any problems with federal or state regulations. If the tool finds or suspects a violation, the ad placement is scratched, and an MoneyLion staff member takes a look and renders a judgment.
MoneyLion has been Better Business Bureau (BBB)-accredited since 2015 and has an A- rating on the BBB website.
To compliment its support efforts, MoneyLion provides a noteworthy blog and FAQ section. Jointly, these assets provide a wealth of information for browsers looking to educate themselves in the field of personal finance.
When it comes to APRs, MoneyLion offers some of the lowest in the industry along with LendingTree. Even though both these loan aggregators offer flexible repayment terms MoneyLion stands out thanks to its ability to offer low-credit borrowers attractive loan offers.
Compared to LendingTree, MoneyLion has much higher maximum loan amounts but doesn't offer quite as much flexibility in terms of loan terms. MoneyLion's low minimum APRs are what make it really stand out compared to LendingTree, which is one of the biggest lending marketplaces in the industry.
MoneyLion is a safe, secure way to obtain multiple loan offers. With a speedy approval process and unsecured loans that can be used for any purpose, it is an ideal option for customers who demand financing options and want to access them quickly (as early as the next business day.)
MoneyLion, Inc.
45 West 21st Street Floor 5
New York, NY 10010
USA
FAQsThe BestMoney editorial team is composed of writers and experts covering a full range of financial services. Our mission is to simplify the process of selecting the right provider for every need, leveraging our extensive industry knowledge to deliver clear, reliable advice.
