Lendly loans include loan origination fees in addition to interest. Lendly loans may also include NSF and late fees as appropriate.
We offer loans in Indiana, Texas and Wisconsin at this time with plans to add additional states in the near future.
Interest accrues on a daily basis on the unpaid principal amount for the number of days outstanding. Calculations are based on a 365 day year.
We believe you should get credit for your commitment to your job, and that commitment should be rewarded. To that end, we base our underwriting on how long you’ve worked at one of our approved companies.
APR stands for "annual percentage rate." It is the annualized cost of credit, expressed as a percentage.
Currently, there is no mobile app for users to take out a Lendly Loan, but we’ve made every effort to ensure our website and web-based application works smoothly across all major mobile devices.
No, our loan application requires the use of a desktop computer or mobile device.
Lendly loans require a 6 month minimum for time on job without exceptions.
Send an email to [email protected]
You can view your account details, including your loan number, by logging in at www.getlendly.com.
You can check the status of your application by logging into your account at www.getlendly.com.
During the application process, we do review the applicant’s income. However, we primarily consider the applicant’s employment history at an approved employer when reviewing applications.
We do not approve or deny loan applications based on a credit score. A low or subprime credit score will not disqualify you from getting a Lendly loan. Time on job at an approved employer is the primary factor that we consider when reviewing applications.
Yes. While time on job at an approved employer is the primary factor we consider when reviewing loan applications, we will review your income, pull your credit history and use third-party services to verify information that you provide in your loan application. Inaccurate information in your loan application might disqualify you from getting a Lendly loan.
Yes. We extend loans primarily on the basis of an applicant’s work history at an approved employer, not credit history.
Credit scores have no impact on the outcome of your loan application. However, we do pull credit scores for analytical purposes. Upon applying for a Lendly loan, a credit inquiry will likely appear in your credit history. This may have a small impact on your overall credit score. Keep in mind that if you’re approved for a loan, we do report repayments to Experian. Making on-time payments may improve your credit (hopefully negating any consequences of a credit inquiry).
Every month, we furnish the status of all open loans to Experian.
If you feel as though you entered information incorrectly on your application, you may reapply at www.getlendly.com. Lendly utilizes third party services for validating information on your application. If the denial was a result of one of these services, you may contact that vendor to discuss information you feel was reported incorrectly. Please contact us for further information on the vendors we use.
No, loan denials are not reported to credit services.
You can visit us at www.getlendly.com.
Lendly loans are designed to be paid back using direct deposits set up in your payroll portal. All repayments should be deducted from your pay.
Yes. There is no penalty for paying more than the required amount or paying off the loan early.
Yes. There is no penalty for making extra payments. Extra payments may be made through the customer portal at customer portal or by calling our Service Center at (855) 380-4021.
You are still obligated to make payments on time, even if you leave your job. Payments can be set up through payroll at your new company or via ACH payments from your bank account. Please call our Service Center at (833) 625-1280 to discuss your various repayment options.
You are still obligated to make payments on time, even if you leave your job. Payments can be set up through payroll at your new company or via ACH payments from your bank account. Please call our Service Center at 833-625-1282 to discuss your various repayment options.
We have instructions for setting up payments within your payroll portal. If you continue to have difficulties, contact your payroll department for assistance.
Instructions may vary depending on the device and operating system. This website (which is not affiliated with Lendly loans) gives a quick overview for all major computing platforms.
Your first payment will be due on your next pay date, unless your next pay date is less than 10 days from when you opened your loan. In that case, your payment will be due on your following pay cycle.
We do not currently offer any modifications to the loan payment schedule set up at the beginning of the loan.
We will not disclose any information about your account to an unauthorized person, but anyone can make payments for your Lendly loan on your behalf.
If your new employer allows direct deposits from their payroll, you can transfer your payments to your new employer. We do ask that you contact us so we’re aware of any time differences between the pay cycles at your old and new employers.