Lending Tree is not a lender but it is rather a search engine that allows you to compare loans from multiple providers. Besides mortgages, Lending Tree offers other types of loans such as auto loans, personal loans, business loans and student loans. The auto loans can be used for new/used car purchased, refinancing a car or lease buy out a car. The auto loans feature interest rate starting from 1.85%. The interest rate on the auto loans vary depending on the loan term. There are 3 loan term options to choose from including 36, 48 and 60 months.
The personal loans allow you to borrow up to $25,000 and the APR interest rate starts from as low as 6.79%. The loan term for the personal loans is 24 months – 60 months. At Lending Tree, you can compare personal loans offers from reputable providers such as best egg, Avant, and Lending Club. You can apply personal loans for all kinds of purposes at Lending Tree including debt consolidation, home improvement, major purchase, and vacation.
Lending Tree also offers various small business loans including SBA, short-term, long-term, the business line of credit, working capital and equipment financing. You can compare up to four small business loan providers at Lending Tree.
Lending Tree provides student loans for students that are pursuing degree programs at the college or university. The student loans are designed for students who don’t have an established credit history. You can compare private loan offers with fixed and variable interest rates at Lending Tree. The APR interest for the private student loans starts from as low as 3%.
You only have to fill your information in a single loan request form at Lending Tree. The form will ask you to provide your credit score. If you don’t know your credit score, you can request for a free VantageScore from the Lending Tree site. They will use the information submitted in the form to find lenders that are willing to approve the loan. Lending Tree only allows you to receive up to five loan offer. You have to apply for the loans yourself if you want to get more than five offers.
Lending Tree has a loan calculator that you can use to calculate how much monthly payment you have to pay. The loan calculator takes into account factors such as credit score, down payment, and income. It is a good tool that can help you to decide which loan offer to accept. At Lending Tree, it should not be much of a problem to get a loan if you have a credit score that is higher than 660. If you are not sure which lender’s offer to accept, you can read the reviews in the review database at Lending Tree.