LendingUSA Personal Loans Review | Find the best loan for you

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LendingUSA was founded in 2015 to be a lending solution for merchants. LendingUSA provides point-of-sale customer financing through more than 10,000 merchant partners in a variety of industries, including medical services, pet services, funeral services, and consumer services.

  • Getting pre-approved for a LendingUSA loan will not impact your credit score.
  • In some cases, borrowers who can repay their loan within six months can avoid paying interest.
  • There are no prepayment penalties.

  • Borrowers pay origination fees of up to 8% of the loan.
  • LendingUSA does not offer loans to borrowers in any US territory or in Colorado, Connecticut, Iowa, Maryland, North Dakota, New Hampshire, Nevada, New York, Vermont or West Virginia.

LendingUSA offers financing to consumers to give them more time to pay for certain services related to health care, funeral expenses, pet care, and other purchases. Loan options are offered by the merchant at the time of sale.


You apply for the LendingUSA loan online, usually at the service provider. The first step is to see if you are pre-approved for the loan and to check your rate. In a few minutes you will have a decision. If you go ahead and complete the application completely, there will be a high demand for credit.

From there, the loan goes through the underwriting process, which usually takes three to five business days. Once the loan is approved, you will have 30 days to make your first payment.

LendingUSA offers loans for medical services (audiology, chiropractic, cosmetic surgery, dental, dermatology, general healthcare, vision, medical devices and weight loss); funeral services; pet services (veterinarians and pet retail); and consumer services.

  • Loans for medical services range from $1,000 to $47,500, but some industries have lower limits.
  • Funeral service loans range from $1,000 to $10,000.
  • Pet service loans range from $1,000 to $12,000.
  • Consumer service loans range from $1,000 to $47,500.

LendingUSA loans range from a minimum of $1,000 to a maximum of $47,500, with some industries capping at lower amounts. Loan terms and rates also vary depending on the purpose of the loan and the creditworthiness of the borrower. LendingUSA does not disclose specific information about rates and terms.

There is an origination fee of up to 8% of the loan principal amount, which can result in an annual percentage rate of up to 29.99%.

Although LendingUSA does not disclose information about late fees or penalties, the lender encourages borrowers to get in touch to find a solution if they have any difficulties.

How can you qualify for a

To be eligible for funding from LendingUSA, you must be at least 18 years old with a social security number and reside in a state where LendingUSA does business. On the underwriting side, you will go through a credit check to determine your credit history, income, and ability to repay the loan.

LendingUSA does not disclose specific loan qualifications or minimum requirements, but some applicants may be declined due to low credit, insufficient income, or other financial factors.

LendingUSA does not disclose minimum credit rating or other credit requirements for approval.

LendingUSA operates in all states except the following: Colorado, Connecticut, Iowa, Maryland, North Dakota, New Hampshire, Nevada, New York, Vermont, and West Virginia. It also does not lend to any US territory.

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LendingUSA has an A+ rating with the Better Business Bureau and is a BBB accredited business. LendingUSA has a 4.6 out of 5 star rating on Trustpilot. In 2020, the Consumer Financial Protection Bureau received 13 complaints related to personal loans from LendingUSA, most about payment issues and the repayment process. LendingUSA responded to all 13 complaints in a timely manner and closed each with an explanation.

How is LendingUSA’s customer service?

You can contact LendingUSA customer service at 800-994-6177 or via email. Hours of operation are 6:00 a.m. to 6:00 p.m. Pacific Time, Monday through Friday, and 9:00 a.m. to 6:00 p.m. Pacific Time, Saturday and Sunday. There is no chat or text functionality offered.

What are some of LendingUSA’s online features?

The entire loan pre-approval and application process is done online. Once the account is opened, customers can log in to manage their payments, set up autopay, and view their payment history.

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  • People who need more time to pay for a particular service.
  • People who want fixed monthly payments.
  • People who can pay off a purchase in six months or less to avoid interest.

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