AboveLoans Review | Loans Like AboveLoans | Credit Raters us-lenders
Last updated: 5th Mar 2020

AboveLoans Review

AboveLoans is a credible financial service provider platform that partners with numerous lenders to give you access to loans. On average, AboveLoans offers credit ranging from $500 – $35,000. The AboveLoans quick and straightforward process is the first thing that you will love about their loan services.

AboveLoans mainly deals with personal loans, which include peer to peer loans that connect borrowers to investors. As well, you can access a personal bank loan option that connects you with your local bank. AboveLoans also offers personal installment loans, which is convenient if you’re looking for quick loans.

The broad range of lenders and loan products at AboveLoans allows you to curb your current financial crisis in the shortest time possible. While there are numerous lending platforms in the market today, AboveLoans has gone a notch higher to strengthen its credibility in the market.

In this review, we shall have an explicit look at AboveLoans, its features, the process of applying for a loan, and why you should try it today.

How much do AboveLoans Cost?

AboveLoans lenders have one of the best APR’s and repayment terms. With AboveLoans, repaying your loan has never been this easy. Since they offer different types of personal loans, the APR and loan amounts may range from one lender to the other.

In most cases, the rates depend on your creditworthiness, your chosen lender, the amount you are applying for, and your state of residence.  Take a look at the table below to determine loan ranges between the loan types. You can also visit the AboveLoans website to get a detailed guide on the APR for each loan.

Type of Loan

Loan Range 

Expected APR

Peer to Peer Loans

$1,000 -$35,000


Personal Instalment Loans

$1,000 – $20,000


Bank Personal Loan



Key Features of the AboveLoans

AboveLoans focuses on developing a long-term relationship with their customers. In this regard, you can rest assured that you won’t find any hidden fees. As well, their requirements are friendly to make sure that you qualify for a loan and achieve your financial goals. All you have to do is follow their guidelines to the latter, and you are good to go.

One of the most vital routes they have taken is investing with partners from almost all the states. Besides, they have laid down a robust security system to protect your personal information. Here are some of the benefits and downsides of applying for a loan with AboveLoans.


  • Quick services
  • Reasonable APR
  • Easy-to-use platform
  • Using the platform is free


  • Lower acceptance rates
  • Only offer short term financial solutions


Do they check your credit?

Yes. AboveLoans checks your credit to determine if you are eligible for the loan that you have applied for. Your credit score goes through a series of checks that abides with the FCRA.

Does AboveLoans provide more information like interest rates and repayment terms?

As an intermediary between the lender and customer, AboveLoans doesn’t provide such information. Once a specific lender has approved your loan, you will receive a loan offer with the loan agreement form. All the information concerning your loan is provided in the agreement.

When do you get your Approved Loan Deposits?

This will depend on the specific lender that you’ve chosen and how quickly you’ll complete the application process. If you are fast enough and your loan is approved, you can even get it on the next business day.

Eligibility Criteria

The eligibility criterion with AboveLoans is friendly. To qualify for a loan on this platform, you must fulfill the following requirements.

  • Be 18 years or older
  • Be a legal citizen of the United States.
  • You must have a checking bank account that the lender will deposit the money when approved.
  • Have a recurrent source of income – either full-time employment or a business with steady cash flows.
  • A credit score between 580 and 600
  • You must have a Social Security Number.

State Availability

One downside with most online financial lenders is that they have state limitations. AboveLoans is no different. If you want to know if the service is available in your state, you can send them a query, and their customer care service will reach out to you.

Customer Support

Excellent customer support is the backbone of a successful financial provider. And AboveLoans has not disappointed in this. They are committed to attending to your queries in the shortest time possible while providing you with the highest level of security to prevent breaches in your data. 

The only downside is that they might not be able to assist you if you have a question about your loan.

Application Process

The AboveLoans platform application process is fast and straightforward, it’s easy to follow, and you’ll be done with a few minutes.

Here are the steps to follow when applying for a loan.

  1. Access the AboveLoans website and fill the loan request form. In this section, you will be requested to fill in details such as the loan amounts, the reason for the loan, and your credit type. You will also give financial details, such as your bank account.
  2. The details you fill on step 1 are matched with the available lenders on the platform. You will then receive offers from different lenders with the loan’s terms and conditions. These include their APR, how much you will pay back, and the duration. Make sure that read and understand all the information regarding the loan before signing the loan offer agreement.
  3. If you agree to the terms of your lender, you can wait for the loan to be processed. The funds are deposited into your bank account.


By focusing solely on providing its customers with fast and efficient service, the AboveLoans have topped the game in this industry. Besides, the high rating score of 8.7 on Find online customer reviews is a clear indication that AboveLoans services are good, reliable, affordable, and worth your consideration.

The interest rates and repayment terms are reasonable and won’t hurt your financial goals. Visit the AboveLoans website today and apply for your loan.