Get LoanNow Instalment Loans (2020) - Review | Credit Raters
Last updated: 18th Jan 2020

LoanNow Review


So what makes LoanNow different from the competition? LoanNow use all of the information at their disposal to build up an overall picture of financial circumstances, creditworthiness and each loan’s affordability. This inclusive approach to lending means that a less than perfect credit history won’t automatically stop you from accessing these flexible, multi-purpose instalment loans.

Let’s take a closer look at how LoanNow loans work, where they’re available and how you can apply today.

Also Check: LendUp Payday and Instalment Loans Review

LoanNow In Numbers

LoanNow loans are offered as instalment loans meaning you’ll be able to borrow a fixed amount which will ultimately be repaid over a fixed number of months. By being able to spread out your repayments, this will take away the stress of having to clear your entire balance on your next payday.

Whilst the amount that you’ll ultimately pay for your loan will be decided by the amount that you borrow and your term, your state of residency will also affect your interest rate.

Here’s a look at a few indicative rates from some select states, although these are only guidelines provided by LoanNow.

State Instalment Loan Credit Ranges Instalment Loan Term Ranges Instalment Loan APR Ranges
LoanNow Loans in Alabama $2,500 – $5,000 12 – 48 months 29% – 229%
LoanNow Loans in California $2,500 – $5,000 12 – 48 months 29% – 229%
LoanNow Loans in Georgia $3,100 – $5,000 12 – 48 months 29% – 59%
LoanNow Loans in Missouri $1,000 – $2,500 9 – 24 months 29% – 299%
LoanNow Loans in Utah $1,000 – $2,500 9 – 24 months 29% – 299%

Key Features

There’s never a one size fits all option when it comes to lending. LoanNow are no different and bring their own unique short term lending solutions that will be ideal for some but not necessarily suitable for others.

Take a quick look below to get an at a glance guide to help you decide of loans like LoanNow are right for you.

  • Lightning fast online applications
  • Funds typically deposited within 24 hours of acceptance
  • Repay the balance over multiple months to reduce each repayment
  • Clean and simple website
  • Relatively small number of supported states
  • Applicants must be 21 years of age or older to apply



Yes. LoanNow provides instalment loans direct to their customer.

It’s worth pointing out that loans like LoanNow are offered on an unsecured basis, however, they do work with a third party lender should you need to secure your credit against assets or purchases.

Yes, LoanNow loans welcome applications from people of all financial backgrounds. Their main aim is to ensure that you’re able to comfortably afford your repayments and are able to take on credit without worsening your financial situation.

In fact, each time you make a repayment, this will be reported to the credit reference agencies and improve your credit score for future applications.

Eligibility Criteria

Whilst LoanNow loans cater for a huge range of financial backgrounds and borrowing circumstances, you’ll need to ensure that you meet some basic legal requirements to be considered for loans like LoanNow, including:

  • Being at least 21 years of age when you apply
  • Having a valid US checking account in your name
  • Having job or proven source of income
  • Having access to a verifiable e-mail address and telephone number

If you do not meet these factors then, unfortunately, you will not be considered for LoanNow loans.

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State Availability

LoanNow loans are available in nine states across America, although they are always looking to grow this number as they work with more state regulatory lending bodies.

The current states that support LoanNow loans are:

Alabama California
New Mexico Ohio
Georgia Texas
Illinois Utah

Customer Support

Although LoanNow loans are available online round the clock, their customer service team is currently only contactable by telephone and email during their office hours. They will endeavor to answer all queries within 48 hours.

Telephone E-mail

Application Process

The application form for LoanNow loans is very sleek and easy to use. Rather than piling the whole application into long blocks off question, you’ll need to simply answer a few step by step questions to receive your loan offers.

For a straightforward personal instalment loan, select ‘Get Offers In Seconds’ or for more other loan types choose from auto loan, business loan or student loan refinance.

Step 1

Choose from a list of different loan purposes to help LoanNow better understand why you’re looking for finance.

Step 2

Use the slider to select how much you’d like to borrow from $500 – $100,000. Although LoanNow only deal directly with unsecured loans, they work with third party providers for the higher end of this lending spectrum.

Step 3

Whilst LoanNow will carry out their own credit check before finalising your loan, they ask you to provide with with a rough estimate of your score to help them select appropriate products based on your financial background.

Step 4

Step 5

It’s the responsibility of any lender to ensure that you can comfortably afford loans like LoanNow so your income will be used as part of the wider assessment.Step 6

As part of your application, loans like LoanNow will need to confirm your Social Security Number to verify your personal information. You’ll then need to confirm their terms and conditions before proceeding to your personalised selection of borrowing options.


LoanNow Review – Conclusion

LoanNow have established themselves as a trusted and reliable lender within the US market, offering a range of loans through their direct lending instalment loans along with secured loans available through third parties. As a growing company, they don’t cover a huge number of states at present but expect this to increase as their success continues.

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