Advertiser Disclosure: TopMoneyHub may receive compensation from the companies featured on this page. This compensation may impact how and where products appear on this site (including the order in which they appear). TopMoneyHub does not include all companies or all offers available in the marketplace.
Last updated:
Bottom Line: MoneyLion makes its case with next day funding in Personal Loans. Do your homework on fees and terms, but this one belongs on your shortlist.
Overview
MoneyLion offers quick access to personal loans with competitive rates and flexible terms, making funds available as soon as the next business day after approval.
MoneyLion operates as providing services in quick funding, flexible terms, various credit scores, with loans ranging from $500 – $100,000, accepting credit scores from 350 and up.
On the plus side: next day funding, low minimum apr, wide credit score range. The trade-offs? rates vary by credit, fees may apply.
Key Features
- Funds may be available as soon as the next business day
- APR: 5.20% – 35.99%
- Loan term: 6 – 144 months
- Credit Score: All credit scores welcome
Rates & Fees
The rate and fee structure looks like this.
- APR range: 5.20%
- Loan amounts: $500 – $100,000
- Fees: Varies
Your actual rate depends on credit score, loan amount, and term length. These numbers reflect advertised ranges — your offer may differ.
Who Is This For?
MoneyLion is geared toward those looking for quick access. Credit requirements start at 350, opening the door to a wider range of applicants. Particularly strong for anyone in the market for quick funding, flexible terms, various credit scores.
This might not be the best fit if rates vary by credit is a dealbreaker for you.
Application Process
Apply through MoneyLion’s website or platform. Response times are typically next day. Have your financial documents ready to speed up the process.
How MoneyLion Compares
MoneyLion positions itself as a no-frills personal loans option. What you lose in bells and whistles, you gain in simplicity and speed.
With a rating of 9.2/10, it ranks among the stronger options available.
Best For: Quick Access
Response Time: Next Day
