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Nerdwallet Review

Reviews 342
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Reviews 342
Michael Graw
Feb. 21, 2024
3 min read
Michael Graw
NerdWallet Summary
NerdWallet is a San Francisco-based financial services platform that offers a comparison tool to help users find the personal loan for their needs. On the comparison pages, you can sort all of the personal loan providers NerdWallet works with by loan amount, loan term, or interest rate. You can also view personalized loan offers. NerdWallet’s partner lenders offer personal loans ranging from $2,000 to $50,000 with rates starting from 5.40% APR.


  • Sort lenders by interest rate or loan amounts
  • Compare offers from multiple lenders
  • Excellent educational guides


  • Cannot apply for a loan directly through NerdWallet
  • Mainly works with online-only lenders

NerdWallet at a glance

Editorial score

Variety of loan types

Offers all loan types

Online experience

Has learning resources, access to rates, mobile app

Customer services and support

Limited ways of reaching lender

Loan amount range

Loan amount up to $50K

Repayment flexibility

Loan terms 60 months+

NerdWallet NerdWallet Visit Nerdwallet

Suitable For?

NerdWallet is a great option for individuals who are just starting to research personal loans. The platform displays loan terms, interest rates, and loan amounts for dozens of lenders. You can also filter lenders based on your credit score or the amount you want to borrow to get a clearer view of your potential options.

NerdWallet mainly works with online-only lenders, so borrowers who prefer an online loan process will benefit most from this platform. You may be able to use NerdWallet’s tool to get personalized offers, but you’ll still need to apply for a loan through the lender’s website.

NerdWallet is also a good resource for anyone who is new to personal finance or wants to learn more about personal loans. The website has tons of educational guides that explain how personal loans work and how they can be used. NerdWallet also offers guides to alternative loan options such as small business loans, student loans, and home equity loans.

Loan Features

NerdWallet is not a direct lender, but rather a marketplace where you can compare personal loans from multiple providers. NerdWallet displays loans from 15 lenders. You can use personal loans from these companies for everything from refinancing credit card debt to home improvement to paying for emergency expenses.

  • Loan amounts from $2,000 to $50,000
  • Repayment terms from 1 to 7 years
  • Interest rates start at 5.40% APR

Application Process

NerdWallet does not enable you to apply for loans directly through the site. You must visit the lender’s site and go through their application process. However, NerdWallet does have a tool where you may be able to view personalized offers.

The tool requires you to enter information about the amount you want to borrow and what it will be used for. You also need to enter your name, address, phone number, email, and Social Security number. NerdWallet will run a soft credit check, which doesn’t impact your credit score.

If you are eligible, NerdWallet will display several offers. If you see an offer you like, you can apply for it through the lender’s website. NerdWallet will pre-populate your application with information you have already entered to speed up the process.

Notably, you can get a sense of personal loan options available from NerdWallet’s partners without going through the form’s process. NerdWallet offers a comparison table that you can filter based on the amount you want to borrow, your preferred repayment term, your credit score, and your state. The table displays each lender’s range for loan amounts, repayment terms, and interest rates.


NerdWallet’s lenders work with a wide variety of borrowers. You can filter the comparison table based on your state of residence and your credit score. NerdWallet has loan partners in all 50 states and partners who offer personal loans to individuals with bad credit. If you’re not sure whether you’ll qualify, you may be able to use NerdWallet’s tool to check offers.

Loan Terms

NerdWallet’s partner lenders offer loans ranging in size from $2,000 to $50,000. Interest rates start as low as 5.40% for borrowers with excellent credit. You can view interest rate ranges for each lender in NerdWallet’s comparison table and check your personalized rates using the platform’s tool.

Repayment Terms

The lenders that NerdWallet works with offer loan repayment terms from 1-7 years. You can view the repayment term range for each lender in the main comparison table and even sort the results by term length.

Privacy & Security

NerdWallet uses SSL encryption to protect the information you submit through the tool. You do not have to sign up for a NerdWallet account, although you have the option to create a password-protected account. There is no personal information required to view the comparison table.

Help & Support

NerdWallet offers a contact form for users to get in touch. There is no phone number or email address to contact.

NerdWallet can display offers from more than a dozen lenders.


Do I need a NerdWallet account to see loan offers?

No, you can view offers for a personal loan on NerdWallet, if eligible, without signing up for an account. NerdWallet is free to use.

How does NerdWallet make money?

NerdWallet is free to use. The company is paid by lenders for each borrower that NerdWallet refers to them.

What lenders are available on NerdWallet?

NerdWallet displays personal loan offers from 15 lenders.

How much can I borrow through NerdWallet?

The personal loan providers that NerdWallet works with offer loans ranging in size from $2,000-$50,000.


NerdWallet makes it easy to compare personal loans from 15 providers. You can view lenders in a customizable comparison table or view personalized loan offers. NerdWallet lenders offer loan amounts from $2,000-$50,000 and repayment terms from 1-7 years. There are loans for borrowers with all credit scores and interest rates start at low as 5.40%. Nerdwallet also offers educational guides for borrowers who want to learn more about personal loans.

Physical Address

NerdWallet, 55 Hawthorne St., 11th Floor, San Francisco, CA 94105

NerdWallet NerdWallet Visit Nerdwallet


This review is based on information available on the NerdWallet website.


*Approval and loan terms vary based on applicant qualifications. Not all applicants will qualify for the full amount or lowest available rates.Excellent credit required for low rates and is not guaranteed. Rates for poor or fair credit can be over 36%.

NerdWallet Compare, Inc. NMLS 1617539, https://nmlsconsumeraccess.org/
CA Fin. Lender loans per DFPI Fin. Lenders Lic 60DBO-74812

Michael Graw
Written by
Michael Graw
Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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Trustpilot reviews
See what some customers are saying about NerdWallet
Average • Reviews 342
We upload 100 to 400 Trustpilot reviews to our website daily, displaying them by default from "best" to "worst". You have the option to adjust the sorting criteria. If you wish to see all reviews, you can visit Trustpilot's website here.
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Jonah Baclaan
4 hours ago
Great experience
8 hours ago
Very good service.
James Mims
9 hours ago
Fast response
Fast response
Susan Gillen
9 hours ago
A+ Nerdwallet.
Ease of use and fast response.
Stevie Cox
10 hours ago
Get her doneWell after I tried to fire you you got…
Well after I tried to fire you you got on the f****** ball and thank you I needed that thank y'all very much