LendUp Review

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  • Can extend loans during term
  • Loans fund quickly after approval


  • Must have a valid checking account
  • Information only valid for one customer

What You Need to Know

LendUp allows customers to extend their loans. If you cannot make a payment, you can extend the duration of your loan. You have until noon on the business day before your payment is due to extend your loan. You can extend the term to the maximum lengths allowed by your state.

When you apply for a LendUp loan, you can receive your money quickly. The application is online, and you will know if you qualify instantly. If you are eligible, the funds will transfer into your account the next business day.

To apply for a loan with LendUp, you must have a valid checking account. This account must be able to accept electronic transfers. You cannot link a savings account for this lending company. Prepaid debit cards will not work either.

If you apply for another loan with LendUp, you must provide a different checking account. You cannot use the same checking account that is being used for another LendUp customer. You cannot use the same contact information as another LendUp customer.

Qualifications to Apply for LendUp Loans

Useful Information About LendUp Loans

Additional Relevant Information

Good credit is not required to apply for a LendUp loan. Anyone is welcome to apply for the loan. Approval is in minutes.

After you pay off one LendUp loan, you cannot reapply for another loan immediately. You must wait four business days before you can apply for another loan.

Some states licensed to offer LendUp loans offer installment loans. These interest rates are much lower than their payday loan interest rates. The rates are higher than other personal loan interest rates. You must meet the qualifications to receive these installment loans.

LendUp loans are not available in all states. They currently offer loans to those living in:

Other states have offered LendUp loans in the past. They are currently only offering loans in these states listed. Other states may provide LendUp loans in the future.

LendUp may charge a loan fee. This fee can be up to 25 percent of the amount you want to borrow. The fee and fee amount may depend on the state where you live.

History and Achievements

LendUp started in 2012. Since then, LendUp has issued over four million loans. These loan amounts total over $1 billion.

Along with loans, LendUp offers financial courses for customers. These courses help people understand finances and how to better their credit. Customers have completed more than 1.6 million financial courses.

LendUp offers the LendUp Ladder, which rewards responsible borrowing customers. Customers earn points by paying their loans off on time. They also earn points by taking part in LendUp's financial education courses.

By earning points, you move up the ladder. This allows you the right to apply for larger loan amounts with lower interest rates. You may also be able to apply for an installment loan to help you rebuild your credit score. The reward system varies depending on the state where you live. The LendUp ladder is not available in South Carolina.

LendUp was named "Top 10 Most Innovative Companies in Finance" by Fast Company in 2018. And in 2017, they were named a "Financial Health Leader" by the Center for Financial Services Innovation. LendUp headquarters are in Oakland, California.

Frequently Asked Questions

Can I apply for a loan entirely online?

Yes. The application process is entirely online. You can know if you qualify instantly after applying.

What is the lowest my credit score can be?

The minimum score could depend on other factors including, debt, income, and credit history.

What is the smallest loan amount available?

The minimum loan amount depends on the state where you live. Some states offer loans as little as $100.

What is the largest loan amount available?

The largest loan amount depends on where you live. Some states offer loans up to $500. You may qualify for an installment loan up to $1,000. This depends on the state and your qualifications.

What are the loan term lengths?

The term lengths range from 7-30 days. The term length may depend on LendUp.

Are the interest rates competitive?

The interest rates for LendUp are high. They are a payday loan company. Their interest rates are higher than other online personal lending companies.

Are the interest rates fixed?

LendUp does not specify whether their loans offer fixed interest rates.

What types of loans are available?

? LendUp offers single-payment loans, payday loans, and installment loans. The available loans depend on the state where you live. You must meet qualifications to receive some LendUp loans.

What information do I need to apply for a loan?

LendUp requires a valid address, email, SSN, and checking account information. You may need to verify your income and credit history.

How long does approval take?

LendUp can approve your loan instantly.

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

The money from LendUp transfers into your account the next business day.

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

If LendUp denies your loan, you cannot reapply until they send you an email. There is not a set amount of time required. LendUp will let you know when you are eligible to apply.

What are the payment options to repay my loan?

You must link a valid checking account to apply for a LendUp loan. Prepaid debit cards and savings accounts do not qualify. The repayment is then withdrawn from your checking account. You can also pay through MoneyGram or checks. Your account continues to accrue interest until the check processes.

Can I pay my loan off early?

Yes. There are no fees for paying your loan off early.

Is my information secure?

LendUp security features comply with federal laws. Their computers, files, and buildings are secure, with safeguards in place.

Does this loan company offer a mobile app?

The LendUp website does not list a mobile app. You can access your information online through their website.

How do I contact customer service?

Through mail, email, or phone. You can follow LendUp on Facebook, Instagram, Twitter, and YouTube.

Bank Contact Information

1750 Broadway, Suite 300
Oakland, CA 94612
855-2LENDUP (253-6387)