LendingTree Loan Review 2021

LendingTree’s lending marketplace lets you compare loan offers, but it doesn’t blow us away.
Best Overall VoIP Provider
LendingTree Logo
2.3 out of 5 stars
  • Check
    Many lenders and types of loans
  • Check
    Positive customer reviews
  • X
    Opaque borrower requirements
  • X
    Slower funding times

LendingTree claims it can help you find the best loan for yourself and your business. But can this loan marketplace deliver the goods, or will you wish you applied with a different lender?

Truth be told, it’s hard to say for sure, since LendingTree doesn’t provide much information about its business loans and lending partners. Still, we’ve done some digging to help you decide. We’ll explain how LendingTree works, what LendingTree can do for you―and why we recommend going with a different lending marketplace instead.

LendingTree loan review table of contents

LendingTree is probably better for personal loans than business loans

Pro Bullet Many lenders and types of loans
Pro Bullet Positive customer reviews
Con Bullet Opaque requirements and loan options
Con Bullet Slower funding times
Con Bullet High revenue and time in business requirements

Look, people like LendingTree. It’s got very positive reviews from thousands of users.

And we see plenty to like. LendingTree is a loan marketplace (aka a lending marketplace). That might just sound like financial jargon, but it means that LendingTree isn’t a lender itself. Instead, LendingTree partners up with lenders to let borrowers shop around. So you submit a brief loan application, and then LendingTree lets you compare relevant loan options from multiple lenders.

For the record, we love lending marketplaces. In fact, Lendio, one of our top-recommended lending companies, also happens to be a loan marketplace, as does Fundera. Lending marketplaces make it possible to shop around and get the best deals without wasting too much time.

It’s just that LendingTree’s loan marketplace isn’t the best we’ve seen. It’s awfully opaque about everything from who its lending partners are to what types of business loans you can actually qualify for to the possible interest rates on those loans.

Heck, LendingTree won’t even give you guidance on what it takes to qualify for the lenders it partners with. We had to go through the beginning steps of the loan process multiple times to figure out minimum revenue and time in business requirements.

LendingTree borrower requirements

Min. credit score
Min. revenue
Min. time in business
Unlisted$200,000/yr.2 yrs.

Data effective 8/12/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

That’s a waste of your time as a business owner. Why should you spend time filling out an application―and giving LendingTree your contact information and other private information―when you have no idea if you can qualify for anything and what you can even qualify for?

In comparison, business loan marketplaces like Lendio and Fundera are very clear about what lenders they partner with, what loan types you can get, and typical qualifications for prospective borrowers.

That alone would keep us from recommending LendingTree. And it doesn’t help that LendingTree seems to treat business loans as an afterthought. (You have to click around its website to see that it even offers business loans.)

Sure, LendingTree is probably great if you need a personal loan of some kind―whether that’s an auto loan, home loan, student loan, or whatever. But at Business.org, we can’t pretend to be authorities on all things personal loans. We know business loans, though, and LendingTree comes up short when compared to other options.

So if you need some kind of personal loan, go ahead and go with LendingTree. With any luck, its lender network will help you get a steal on a mortgage loan or auto loan.

But for business loans, we’d suggest sticking with a business-specific loan marketplace like Fundera or Lendio.

LendingTree loan options

We’ve given you our broad take on LendingTree, but let’s get specific―or as specific as possible, anyway.

Theoretically, LendingTree can help you get a wide variety of business loans. With its lender network, you can access everything from short-term loans to lines of credit to long-term SBA loans.

LendingTree business financing options

Min./max loan amount
Lowest listed rate
Repayment term
Get funding
Business line of creditUnlistedUnlistedUnlisted
Equipment financingUnlistedUnlistedUnlisted
Long term business loansUnlistedUnlistedUnlisted
Merchant cash advanceUnlistedUnlistedUnlisted
Short term business loansUnlistedUnlistedUnlisted
SBA loansUnlistedUnlistedUnlisted
Startup business loansUnlistedUnlistedUnlisted
Working capital loansUnlistedUnlistedUnlisted

Data effective 8/12/21. At publishing time, amounts, rates, and requirements are current but are subject to change. Offers may not be available in all areas.

Unfortunately, we can’t give you much more detail than that. No costs, no loan amounts, no repayment terms―nothing. Because as we’ve said, LendingTree isn’t very clear about, well, anything.

Its website does suggest that LendingTree partners with some lenders we know and like, such as Kabbage (for lines of credit) and SmartBiz (for SBA loans).

So if you do decide to apply with LendingTree, you may very well end up with a great business loan. We just wish LendingTree made it clearer what you’re applying for.

Of course, LendingTree offers personal loan options too, including these:

  • Home refinance loans
  • Home mortgage loans
  • Personal loans
  • Home equity loans
  • Auto loan
  • Student loans
  • Debt consolidation loans

So if you’re looking for a lower monthly payment on your mortgage, LendingTree may be able to give you just what you need―and it may do a great job doing so. We’re just not so jazzed about its very unclear business loan offerings.

Peer-to-peer loans

FYI, LendingTree does work with some peer-to-peer lenders, or lenders that connect potential borrowers with investors. You can find peer-to-peer lending companies that offer both personal loans and business loans.

The LendingTree loan process

But hey, as we’ve said, LendingTree isn’t the worst place to get a loan. Let’s say you do decide to apply for a loan―how does that work?

You’ll start by giving LendingTree a few details about your business―things like your business’s name, location, revenue, and age. You’ll also provide some info about yourself, like your personal credit score and your contact information.

Depending on your qualifications, LendingTree will then do one of two things:

  1. Tell you it can’t match you with anyone in its network (and it should give you a reason as to why―like your revenue is too low)
  2. Say you’ve been matched with potential lenders and give you a chance to review your matches

If you do get matched, LendingTree will let you choose between getting a loan specialist to walk you through your matches or going solo and simply reviewing your matches yourself.

Now, if you look at your lender matches, you’ll see they’re pretty vague. LendingTree will give you possible loan amounts, loan terms, and funding times―but you won’t get any information about rates or fees. You’ll have to apply directly with the lender (either by calling or using a link LendingTree gies you) to get anything specific.

That’s just one more way LendingTree feels underwhelming when compared to other business loan marketplaces. Fundera, for example, gives you a loan specialist who will walk you through your options in detail. Even if you don’t qualify for anything yet, your specialist will give you advice on how to qualify for financing in the future.

Anyway, Fundera’s application only takes a few minutes to fill out. But since you will have to apply directly with a lender, you’ll have to fill out another application and wait to get funded―which means you probably won’t get money for at least a couple days, maybe more. (This is typical of lending marketplaces.)

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LendingTree customer reviews

As you can tell, we’re not exactly stoked about LendingTree. But you should know that its users seem to like it pretty well. LendingTree earns a 4.5 out of 5 on Trustpilot.1

That means that LendingTree has thousands of very positive customer reviews. Keep in mind, though, that many (if not most) of these customers used LendingTree for personal loans (like a mortgage or debt refinancing loan)―not business loans.

Still, a lot of what these borrowers say probably applies to business loans too. Positive reviews praise LendingTree’s fast, easy application process. Speed and ease come up over and over again in reviews. 

As for the negative reviews, they mostly complain about how LendingTree and its partners won’t stop bombarding them with calls and emails―especially after getting denied for a loan. (Again, this is part of why we’re so annoyed that LendingTree makes you turn over your contact details before giving you any information.)

Some reviewers also complain that LendingTree was misleading about what type of loan or rate they could get.

Simply put, most people report a great experience with LendingTree. And while those people who didn't have valid complaints, we didn’t see anything so scary that we need to warn you away from LendingTree altogether.

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LendingTree FAQ

What is LendingTree?

LendingTree is a loan marketplace, which means it works with a bunch of lenders to let you shop around for loan offers. LendingTree’s loan matchmaking service lets you apply for all kinds of loans, from student loans to auto loans to business loans.

Just remember that your loan won’t actually come through LendingTree but through one of its lender partners instead.

Is LendingTree trustworthy?

Yes, LendingTree is trustworthy. Thousands of customers report great experiences with LendingTree.

Note, though, that LendingTree may give your contact information to its lending partners. You agree to this as part of the application process―but you might want to set up a LendingTree-specific email so you don’t get slammed with loan ads. 

Is LendingTree a legitimate mortgage company?

LendingTree is a legitimate way to get a mortgage loan―but remember that LendingTree isn’t a mortgage lender itself. Instead, it matches you with one of its multiple lenders that does offer home mortgage loans.

Does LendingTree hurt your credit?

Getting matched with loans through LendingTree shouldn’t affect your credit. If you decide to apply for one of your matches, though, your chosen lender may do a hard credit check. That hard check could potentially hurt your credit score in the short term.

The takeaway

As a loan marketplace, LendingTree won’t give you a loan itself―but it will connect you with the best loan offers it can find. Unfortunately, LendingTree is very vague about what lending partners it works with, what it takes to qualify with those partners, what kind of loan rates you can get, and more.

So while LendingTree has positive customer reviews, and we’re fairly confident you can have a good experience with its matchmaking, we still suggest you go with a business-specific lending marketplace instead.

Want to learn more about how LendingTree compares to other loan marketplaces? Read our comparison of Lendio vs. LendingTree.

Related reading


At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.


  1. Trustpilot, “LendingTree.” Accessed August 12, 2021.
Chloe Goodshore
Written by
Chloe Goodshore
Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.
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