Check Out LendUp Reviews To See How It’s Different!

LendUp is an online payday lender with its head office in San Francisco, California. The company sells itself as a socially responsible lender. It also projects itself as an alternative to payday loans. However, it offers prime rates and terms to repeat customers in certain states only. The standard rates and terms are exactly the same as normal payday lenders. The Lendup reviews below explain the basics of the company and how it fares in reality.

LendUp Reviews

LendUp Reviews

People are busy hunting for a reliable payday lender but with no credible results. LendUp here guarantees to provide a solution. The company says individuals are getting ensnared in debt due to remarkably high-interest rates and shady terms. LendUp, on the other hand, offers to help people build their credit and access more money over time. If you are struggling with a bad credit score, the learn How To Raise Credit Score By 200 Points?

How does LendUp work?

There are thousands of Americans who work tirelessly each day but are still stuck with short-term debt. If you are one of them, LendUp is offering a solution for you. The system applied by the company is certainly unique and it allows a person to access payday loans promptly and earn points. These points are earned when you repay your loan on time or attending credit related courses, and for referring friends. The technical term used by the company for this program is “climbing the ladder”. The program is divided into four levels;

Silver- You can borrow up to $250 for at max 30 days. Repayment needs to be done all at once.

Gold- It allows you to borrow up to $500 for at max 30 days. You can make multiple payments.

Platinum- In this level, you can borrow up to $700 for as long as 6 months. Similar to Gold, you can make multiple payments.

Prime- Prime level allows you to borrow up to $1,000 for a period of 12 months. Option to make multiple payments is available. Along with this, when you do reach the Prime level, a person can be eligible for APRs a low as 29%. This will happen if you report your repayment behavior to any big credit bureau.

How To Apply For A LendUp Loan?

The process to apply for LendUp loan is simple:

  1. Applying online will take as little as 5 minutes.
  2. LendUp uses a proprietary algorithm to give you an instant response.
  3. The company claims to deposit money directly into your account within 15 minutes. It also says that there are no hidden costs or rollovers, and has crystal clear terms and conditions.

Lendup Loan

At the time of repayment, the company offers you a choice as to either pay it in advance or let LendUp automatically withdraw the amount from your bank account.

LendUp time and again thrusts its claim of being a socially responsible lender. Thus, they provide an environment to work with its customers in case of uncalled moments. This includes giving a 30 days extension or beyond, depending on the case. However, if you are a student, you should know different types of Student Loans before taking a loan.


Just like other lenders, LendUp is undeniably a short-term payday lender. However, it does claim to be socially responsible. In short, it charges sky-high interest rates for every loan and this interest rate is similar to other lenders. If you are looking for a personal loan, you can check out OneMain Financial Reviews.

But LendUp offers a gentler approach to payday lending by giving a 30-day extension to pay your debt. This extension period can be further extended if your situation direly needs one. So if you are in an urgent need of a short-term payday loan, you can go to LendUp.

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