Lendmart offers unsecured personal loans, also known as signature loans or installment loans. Generally, unsecured personal loans do not require borrowers to provide collateral. Qualified applicants will repay their loan in equal installments, including principal and interest.
In order to qualify for a Lendmart personal loan, applicants must meet the following requirements:
- Be a US citizen or permanent resident and a California resident
- Be at least 18 years old
- Provide valid contact information (email, phone number, address, etc.)
- Provide personal identification information (social security number, date of birth and driver’s license or state ID)
- Have an active checking account in good standing
- Your application will be reviewed by our verification team. During this review you may be asked to submit additional documentation, such as recent pay stubs and/or bank statements to support your application.
- Applicants must be paid via Direct Deposit.
Full or part-time employment, social security benefits, alimony and child support payments and retirement benefits, including VA benefits and pension plans are all considered acceptable sources of income.
Applying for a Lendmart personal loan is fast, safe and easy. You will receive a decision on your loan application in minutes!
To apply for a Lendmart loan, you must have an active checking account in good standing. Applicants are required to provide their banking information: account number, routing number and bank name. Once your loan is approved, the funds will be deposited directly into your bank account via ACH within the next business day.
After submitting your application, you will receive a pre-approval decision within seconds. If you’re pre-approved, you’ll be asked to provide us with supporting documents and will receive final approval in less than 15 minutes.
Applicants can apply for a loan ranging from $2,600 to $8,000.
Your scheduled payments consist of principal, finance fees and a percentage of the administrative fee. Annual Yearly Percentages (APR) may be as low as 36% – Click here for the rates page.
Upon approval, your principal amount, interest rate, APR%, payment amount and payment due dates are clearly outlined in the loan agreement. Please note, if your scheduled payment is late or returned, you will be charged a late and/or NSF fee.
Loan payments are made on a weekly, bi-weekly, semi-monthly or monthly basis. All payments are automatically deducted from the borrower’s bank account on the specified, agreed upon due dates. If your scheduled payment is returned, you will be charged a $15 NSF fee. If your scheduled payment is more than 15 days late, you will be charged a $15 late fee.
If you would like to pay off the loan early or would like to make an additional payment, you will not incur an additional charge, fee or penalty. Additionally, this will reduce the total amount of accrued interest. Please contact us our call Payments Department at 1-800-200-0301, option 4 in order to authorize Lendmart to debit an additional payment from your bank account.
If you don’t have the funds available in your bank account, please contact our office as soon as possible in order to discuss alternative payment arrangements in advance of your repayment due date. Lendmart is not responsible for any associated overdraft charges imposed by your financial institution.
Your personal privacy is very important to Lendmart. Our website is secured via Secure Sockets Layer or SSL. SSL is the standard security technology for establishing an encrypted link between a web server (Lendmart) and a web browser (our Clients). This allows for sensitive information to be transmitted securely and ensures the privacy of the data sent between server and browser.