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  • Wide variety of accounts available
  • Variety of lenders on site


  • Do not offer loans above $15,000
  • Checking or savings account required

What You Need to Know

Bonsai offers a wide variety of loans through its website. They offer personal, student, and payday loans. Some loans do not require a credit check and there are loans for those with bad credit. They also offer credit cards.

Bonsai is not a lending company. They connect you to a variety of lenders. This means your term length and interest rate could depend on the lender. You could apply for a joint or cosigner loan if the lender agrees to that. This opens a variety of loan options to customers.

The largest loan amount with Bonsai is not high. Currently, the largest loan offered from Bonsai is $15,000. To receive this amount, you must meet the set qualifications. The amount you receive depends on your lender.

To apply for a loan through Bonsai, a checking or savings account is required. The main repayment option is automatic withdrawal from the account you provide. If you do not have a valid bank account, you cannot apply for a loan.

Qualifications to Apply for Loans

Useful Information About Loans

History and Achievements

Britton Smith started Bonsai Finance. He is a graduate of the U.S. Naval Academy and Harvard Business School. He realized there was confusion with personal finance. He wanted to help his family members and others with this confusion.

They named their company after a Bonsai tree. To care and shape a bonsai tree takes time and patience, just as your finances do. With the right tools, over time, your finances can be shaped into what you want them to be.

Bonsai does not lend customers money. Instead, they connect those looking for a loan with lenders. They can also help you find other types of financial services.

Frequently Asked Questions

Can I apply for a loan entirely online?

Yes. You can apply for a Bonsai loan online. You cannot apply for a loan over the phone.

What is the lowest my credit score can be?

Bonsai does not require a minimum credit score. All are welcome to apply. Approval and interest rates will depend on your qualifications, including credit score.

What is the smallest loan amount available?

The minimum amount is $1,000 for Bonsai loans.

What is the largest loan amount available?

The largest loan amount is $15,000 if you qualify.

What are the loan term lengths?

Specific loan term lengths are not listed on the website. Your term length may depend on the lender who funds your loan.

Are the interest rates competitive?

Yes. The interest rates for personal loans offer competitive rates. The rate you receive depends on your qualifications and your lender.

Are the interest rates fixed?

The personal unsecured loans with Bonsai offer fixed interest rates. Bonsai offers a wide variety of loans. Not all their loans offer fixed interest rates.

What types of loans are available?

Bonsai offers a wide range of loans. Those include personal, payday, and student loans. They offer no credit check loans, quick loans, and loans for those with bad credit.

What information do I need to apply for a loan?

Bonsai requires your address along with other basic personal information. You will need to provide your SSN, driver’s license, income, and bank account information. Bonsai may require additional information, depending on your qualifications.

How long does approval take?

Bonsai preapproval can take minutes. The approval time depends on your application and qualifications.

How long will it take the money to enter my account after approval?

The funds can transfer into your account the same business day. This depends on your application, qualifications, lender, and bank.

If I have been denied a loan before, how long do I have to wait to apply again

Bonsai is a referral company, not a lender. Because of this, it is up to the specific lender if they want to fund your loan after denial.

What are the payment options to repay my loan?

Bonsai may require customers to set up automatic withdrawals. Loan repayment could depend on your lender. Some may also charge a fee for paying with checks.

Can I pay my loan off early?

This depends on the lender that funds your loan.

Is my information secure?

Bonsai encrypts personal information.

Does this loan company offer a mobile app?

The Bonsai website does not list an app.

How do I contact customer service?

Through email, phone, mail, or online chat. Their hours are Monday through Friday from 8 a.m. to 8 p.m. EST. Saturday they are available from 9 a.m. to 3 p.m. EST.

Bank Contact Information
235 Harrison St. Maildrop 15
Syracuse, NY 13202