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2022 review

LendingTree is a long-standing loan marketplace that connects borrowers with lenders. You can apply for a wide range of loan types, compare lenders side-by-side, and access various free finance-related tools.

10.0 / 10
Editorial Score
Ginny Dorn
Personal finance and mortgages specialist
April 27, 2022


One of the first of its kind, LendingTree is a reputable lender marketplace that first appeared on the scene over 25 years ago. It helps borrowers find loans for many different purposes, from mortgages to small business loans. It offers a diverse network of lenders, including large institutions, local lenders, and alternative lenders.

Through LendingTree, you place a single loan request rather than applying through multiple companies. Since it’s a marketplace, you can also take advantage of competing lenders. Lenders understand that they have to offer up their best rates to stand out from the competition on the site, so you’ll find a better deal while also saving the time and hassle of applying for loans with multiple lenders.

LendingTree doesn’t limit its services to loans. You can also take advantage of the free tools in its money resource center. You’ll find tools to check your credit score, figure out estimated loan payments, compare ratings and reviews, and more.

10 / 10
Editorial Score
Quick view:
Editorial Score
10 / 10
Online Services
Applications, Quote management, etc.
9.0 / 10
Customer Service
8.0 / 10
Available in all states
10 / 10
Available loan types
10 / 10
$1K-$500K Loan Amount
9.6 / 10

Business Loans

LendingTree offers business loans for various types of business: sole proprietorships, partnerships, LLCs, C corporations, and S corporations. Loans start at $10,000 and go up to $2,000,000. When you apply, LendingTree will ask you a series of questions:

  • What do you need the financing for?
  • How quickly do you need the loan?
  • When did you start your business?
  • What is your annual revenue?
  • What is your credit score?
  • What is your business name?
  • What industry is your business in?
  • What is your business zip code?

LendingTree also has a simple business loan calculator. This tool allows you to figure out how much you can borrow before you apply.

Some lenders on LendingTree’s marketplace will consider applications with credit scores as low as 500, but credit scores of 680 and higher are more likely to qualify.

Compare Business Loans on LendingTree

Debt Consolidation Loans

This type of loan is typically used to pay off your existing debts. Then, you simply pay off the loan over a set amount of time, usually 3 to 5 years. This option is useful for many people, as it allows you to budget and plan with a set amount due each month. Debt consolidation loans also often have a lower interest rate than common causes of debt, like credit cards.

Debt consolidation loans through LendingTree range from $1,000 to $50,000. When you apply for this type of loan with LendingTree, you’ll be led through a short series of questions that allows the platform to match you with appropriate lenders.

You’ll need to describe why you’re requesting the loan – either to reduce debt or if you need immediate cash. Then you’ll answer basic questions, like employment status, income, credit score, loan amount, how quickly you need the money, and contact information.

Once the questionnaire is completed, you will receive email notifications as the lenders respond to the request. This timeline can vary depending on each lender, but most companies usually respond within 24 to 72 hours. From here, you can choose to accept any of the loans by working directly with the loan company.


LendingTree offers several home loan options: new mortgages, reverse mortgages, home refinances, and home equity loans. In any case, you’ll need to go through a short questionnaire to provide information that will allow LendingTree to match you to the right lenders. You’ll be asked about:

  • Property type (single-family, townhome, condo, multi-family, or manufactured home)
  • Property usage (primary, secondary, or rental)
  • Location
  • When you plan to buy the property
  • Purchase price
  • Down payment
  • Employment information
  • Credit score

For new home purchases, the questionnaire will include questions about your home buying process. You’ll need to answer whether you’ve already found the home or are still looking, and whether you’re working with a real estate agent.

Though the process will vary slightly depending on your mortgage type, LendingTree will ultimately match you to potential lenders. At this point, you may want to do some research outside of the site to make sure there are no hidden fees with your potential lenders. Once you’ve compared your options, and potentially done some additional research, you’ll move forward working directly with the lender.

Personal Loans

You can get personal loans from LendingTree for a variety of purposes. These include, but are not limited to:

  • Large purchases
  • Home repairs or improvement
  • Funeral expenses
  • Emergency bills
  • Medical expenses
  • Debt consolidation

When you apply, you’ll be asked a series of questions to help LendingTree find the right lenders for your purposes. You should be ready to provide information such as: how much you want to borrow, how quickly you need it, your location, type of residence, credit score, birthday, employment status, and income.

As with all LendingTree loans, it takes just a few minutes to fill out the questionnaire. Once complete, you can expect to receive emails with your options as lenders respond to your loan request.

Compare Personal Loans on LendingTree

Car Loans

Through LendingTree, you can compare several car loan options. You can choose to get a loan to purchase, refinance, or buy out your lease. With each option, you’ll fill out a questionnaire that matches you with potential lenders.

LendingTree will ask you to enter information including desired loan term, loan amount, potential down payment, make and model of the car, employment information, and personal information, including your credit score. Once the questionnaire is complete, you’ll be able to review lenders that are the best fit for your circumstances via email.

Student Loans

Shopping for student loans is made very simple with LendingTree – all you need to do is input your school to compare options. Once completed, you can review lenders based on their fixed APR and variable APR.

You can also review the highlights of each loan, like repayment options, loan length options, discounted interest rate programs, and fee information. When you’ve made a decision, you’ll be brought to the lender’s site to apply directly.

Credible is another lender marketplace offering similar options. Learn more in our in-depth Credible review.

Rates and Terms

The lenders on LendingTree offer personal loans from $1,000 to $50,000 and business loans for $10,000 to $2,000,000. Since LendingTree is a loan marketplace, it doesn’t have set rates and terms. This will vary depending on the lenders you connect with through the platform.

The lenders on the platform offer personal loan interest rates that start at 2.49%. Some lenders offer mortgages with even lower interest rates – 1.75%. They also have a variety of terms – for mortgages, there are 15 and 30-year terms. Personal loans start at terms as low as one year.

It’s important to note that the rates and terms of your loan can vary greatly depending on your credit score, loan amount, location, income, and other factors. This is why it’s important to shop around – some lenders don’t require origination fees or are willing to negotiate, while others will not.

LendingTree does not charge any fees for matching you to a lender. There are no fees to approve, guarantee, or insure a loan – note that no reputable lender will ask for these types of fees. However, some lenders may ask for an interest rate lock fee. Additionally, the lender you match with may require closing costs, which LendingTree does not provide information on.

Compare Loans on LendingTree

Application Process and Qualifications

When you shop for loans on LendingTree, you’re not actually completing a loan application. The information you provide to the company is required to match you to a lender, but it is not used as an application. Instead, it is referred to as a loan request. Once you select a loan to proceed with, you’ll be directed to complete an application with the lender itself.

With that in mind, here is what you need to submit a loan request through LendingTree:

  • Personal information (name, phone number, address, date of birth)
  • Credit score (you can use LendingTree’s credit score tool if you’re not sure)
  • Income and employment information
  • For mortgages – property type and usage
  • For car loans – information about the make and model

Apart from requesting the loan, when you fill out the application with your chosen lender, you’ll need documentation that confirms your identity, address, and income.

That includes your social security number, driver’s license, utility bills, bank statements, pay stubs, and tax returns.

LendingTree offers loans in all 50 states, including Alaska and Hawaii. When you fill out the questionnaires, it will only show you loans that are available for your location.

Approval Time

Since LendingTree is a marketplace, the approval time of each lender in its network can vary. Once you’ve completed the loan request, you will receive an email with each lender’s loan offer as they respond. Most lenders respond in minutes, while others may take a couple of days.

It’s important to note that while LendingTree will show you various options, you aren’t guaranteed to be approved for the loan until you have applied with and been approved by the direct lender.

Once you’ve chosen a lender, you’ll communicate with the company directly to complete the process. Again, this will vary based on the lender. Some lenders may offer same-day funding, while others can take several business days. This is in line with the market average.

Customer Service

To contact LendingTree’s customer service team, there are two options: contact form or phone call.

The contact form provides a few categories to choose from before you are then prompted to type in your question and contact information. It doesn’t provide an expected turnaround time.

If you choose to call in, customer service can be reached Monday through Saturday, with varying hours of availability.

I contacted LendingTree’s customer service to test it out. I asked a simple question about how to view home loan options after putting in some basic information (although I already knew that I would receive an email notification after reading the FAQ). This is what the contact form looks like:

Customer Service

I submitted my question around 3 p.m., and by 10:15 a.m. the next day, I received a response:

Customer Service

I found LendingTree’s service representative to be prompt, thorough, and friendly. I provided fairly small parameters for loan options, so it is of no fault of their own that they were only able to match me with one lender. Just as they noted in their response, I can view the lender I matched with on LendingTree’s website upon logging into my account.

Compare Loans on LendingTree


Ultimately, LendingTree delivers on its promise: it makes shopping for and comparing loans easy. It offers a wide array of loan options, from business loans and car loans to personal loans and debt consolidation.

Since the company has been in business for so long and has consistently purchased other companies, LendingTree has been able to expand its list of lenders to offer an option for virtually anyone, even if you have a credit score on the lower side.

The website is easy to navigate and well-designed, which makes it easy to quickly fill out questionnaires and get information. LendingTree also has a mobile app, so you can really search for loans no matter where you are. For some loan types, you’re able to compare lenders immediately. For others, you have to wait for the lender – however, this isn’t a fault of LendingTree.

The biggest issue that you may experience is the unsolicited calls. When I entered my information to review the mortgage loan process, I immediately got two phone calls and a text. Others report similar experiences. However, you can opt out of phone calls through LendingTree’s contact page.

Additionally, LendingTree is just a marketplace – meaning you’ll need to complete your application and confirm the loan directly with the lender. You may also want to research the lender before applying directly, to make sure they are in good financial standing and don’t carry any hidden fees.

Apart from the negatives, LendingTree is still a valuable resource. In addition to making comparing loans easy, the site also has an army of free tools and information-laden blogs to help anyone on their own personal finance journey.

You can pull up your credit score or use its calculator to determine estimated payments. You can also compare mortgage rates and compare lender ratings and reviews.

Its blog ranges in topics from personal finance to business finance. If you have a money question, LendingTree has likely covered it. This shows that LendingTree truly sets itself apart from other loan marketplaces as an expert in its field, with borrowers at the forefront of its actions.


Is LendingTree trustworthy?

Yes, LendingTree is trustworthy. The company has been in business for over 25 years and has served millions of customers. It has a 4.5-star score with Trustpilot and almost 10,000 reviews.

Is LendingTree a direct lender?

No, LendingTree is not a direct lender. It is a loan marketplace that matches you to lenders based on the information you provide.

Will LendingTree lower my credit score?

No, LendingTree will not lower your credit score. However, each lender that it matches you with has its own policy in regards to pulling your credit. Some wait until after you accept their offer to pull your credit while others pull it before.

What credit bureau does LendingTree use?

LendingTree uses TransUnion VantageScore 3.0.

How do I opt out of LendingTree calls?

You can opt out of LendingTree calls by requesting to join its Do Not Call List. You can find the form on the website.

How do I remove my information from LendingTree?

LendingTree cannot delete your loan request as it is required by state and federal law to maintain a record of your inquiry. It does share your information with LendingTree affiliates and network partners as a means to deliver the services you requested.

Ginny Dorn
Written by

Ginny Dorn is a freelance personal finance writer. She specializes in credit card debt, personal loans, and mortgages. She graduated from Western Illinois University with a bachelor's degree in family and consumer sciences.

  • Compare rates from multiple lenders by submitting a single request.
  • Variety of loan options in one place from diverse lenders.
  • Will work with borrowers with credit scores as low as 600.
  • Unsolicited calls from lenders upon submission of loan request.
  • Costs and fees vary from lender to lender; additional research required.
  • Quotes from LendingTree aren’t guaranteed.
Bottom Line

LendingTree is great if you want to easily compare lenders and don’t have the time to submit applications with multiple companies. It can also be helpful if you want to avoid sharing your personal information on multiple platforms, as you only need to do so once – securely, with LendingTree. However, your information will still be shared with potential lenders.

Using the LandingTree site or mobile app, you can easily review options from a diverse set of lenders, for almost any type of loan. However, LendingTree has a reputation for unsolicited sales calls – be sure to bypass this by getting on the Do Not Call List.