LoanMe

Yes, LoanMe personal loans are legit because LoanMe is registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why LoanMe personal loans are legit is that the lender has a Better Business Bureau rating of A-.

Still, you should note that LoanMe personal loans aren't "legit" if you use that word as a synonym for "good." LoanMe personal loans are very expensive, charging an APR of 9% - 98%. There is also an origination fee of 0% - 10%.

Yes, LoanMe does offer debt consolidation loans. You can take out a personal loan from LoanMe and use it to pay off existing debts, thus consolidating those debts into a single new balance with one monthly payment that you must make to LoanMe. LoanMe is one of the few lenders that specifically has loans called "debt consolidation loans," while many others only offer general-purpose personal loans. .

Quick Facts About LoanMe Debt Consolidation Loans

• APR: 9% - 98%
• Origination fee: 0% - 10%
• Loan amount: $4,000 - $25,000
• Payoff period: 12 - 84 months
• Credit score required: Not disclosed

Keep in mind that a debt consolidation loan from LoanMe will be worthwhile if it saves you money compared to the interest rates you are paying on your existing debts. In addition to the loan's APR, you should also consider any potential fees, as well as the available loan amounts and payoff periods.

Before you apply for a LoanMe debt consolidation loan, it's a good idea to compare it to WalletHub's editors' picks for the best debt consolidation loans. That way, you'll be able to see how the offer stacks up against loans from leading competitors.

Yes, LoanMe does home improvement loans. You can take out a personal loan from LoanMe and use it to pay for home improvement expenses, such as remodeling a kitchen, finishing a basement, putting on siding or many other projects. LoanMe does not specifically refer to their loans as "home improvement loans," so you'll need to take out a general-purpose personal loan.

Quick Facts About LoanMe Home Improvement Loans.

• APR: 9% - 98%
• Origination fee: 0% - 10%
• Loan amount: $4,000 - $25,000
• Payoff period: 12 - 84 months
• Credit score required: Not disclosed

Before you apply for a LoanMe home improvement loan, it's a good idea to compare the offer to WalletHub's editors' picks for the best home improvement loans. That way, you'll be able to see how the offer stacks up against loans from leading competitors.

It takes 1 to 2 business days to get money from a LoanMe personal loan, in most cases. That includes both the time it takes to get approved and the time it takes for the funds to be delivered after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.

How to Get Money From LoanMe as Fast as Possible

• Fill out the application carefully. You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from LoanMe having to request additional information.
• Check your credit report for errors. Before you apply, you should verify that everything on your credit report is accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you should dispute them right away to get them removed.
• Apply online. Online applications have the fastest processing times since they are automated and streamlined.

Once you get approved for a LoanMe personal loan, the money will be delivered through an electronic funds transfer to your bank account.

To apply for a LoanMe personal loan, first check for pre-qualification and decide which way you will apply (online or by phone), then enter your personal and financial information on the application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.

How to Apply for a LoanMe Personal Loan

1. Check for pre-qualification.Pre-qualification is a way to check your approval odds and potential rates before applying for a LoanMe personal loan. It doesn't hurt your credit. You can check for pre-qualification on the LoanMe website or WalletHub's pre-qualification tool.
2. Decide which way to apply.You can apply for a LoanMe personal loan online or by phone. Applying online is the best way because it typically offers the fastest decision.
3. Enter your personal information on the application.LoanMe requires the following personal information on the application: your full name, date of birth, email address, phone number and home address  .
4. Enter your financial information on the application.LoanMe requires the following financial information on the application: your monthly income.
5. Double check the application for accuracy.To ensure that your LoanMe personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
6. Submit your application.LoanMe will typically provide a decision on your application within 1 to 2 business days both for approval and funding.

If you are approved for a LoanMe personal loan, you will generally receive the funds within 1 to 2 business days both for approval and funding after approval. After that, it's your responsibility to make monthly payments until you have fully paid back your loan, including interest.