MaxLend Review 2020 | READ BEFORE YOU APPLY | Credit Raters us-lenders
Last updated: 20th Feb 2020

MaxLend Loan Review 2020

Since it was launched in 2012, MaxLend has been operating as a direct lender offering credit services such as payday and installation loans in over 38 states in the United States. It’s based in Parshall, ND and operates under Makes Cents Inc. 

Unlike many online short-term lending institutions, MaxLend isn’t a state-regulated lender, rather, it’s a tribal-based institution. This is what makes MaxLend unique since it can offer its services in states where stringent government-related regulations have restricted other lenders.

To determine whether MaxLend is the appropriate lender for you, here is a comprehensive review of some of its products and features. Analyze all the aspects of MaxLend and determine whether it’s the right place for you.

Also Check: Bad Credit Loans Review

How much do MaxLend loans cost?

Given the fact that MaxLend isn’t a state-regulated lender, their costs are relatively higher. Therefore, these loans are best if they used to process an immediate or urgent financial need. Before we get to the charges, here is a quick overview of the types of credit facilities that you can get with MaxLend. 

  • Payday loans  
  • Installment loans
  • Advance loans/short term loans 
  • Cash loans 

When you apply for a loan at MaxLend, here is what to expect; 

  • Processing fee – $350 +
  • APRs – 471% to 841% 
  • Loan origination fee – 0.5 to 5 % of the amount borrowed 

These rates depend on factors such as the state, amount borrowed, and repayment terms. Also, if you are a returning customer, the APR will be less.

Key Features of MaxLend Loans

While the interest rates with MaxLend are higher, you can qualify for a loan even if your credit score is poor. MaxLend non-state restrictions make it a good fit for individuals living in other lenders restricted zones. 

It’s also worth noting that all the loans with MaxLend are unsecured and therefore doesn’t require any collateral. Another advantage is that if your loan is approved, you can get your funds within the next business day. If you live in South Dakota, same day funding is unavailable. 

Here are the upsides and downsides of using MaxLend as your lender. 


  • Fewer qualification requirements 
  • Quick and easy application process 
  • Available in many states 
  • Loans are unsecured 
  • No loan prepayment fees
  • APR discount for return customers 


  • Maximum Loan amount limits for new customers 
  • Not accessible in all states 
  • High APRs 
  • Charges an origination fee


According to MaxLend, all their operations are secured and adhere to industry-standard security protocols. This means that your information is safe and not vulnerable to hackers. Although the fact that MaxLend doesn’t operate under state regulations raises a concern, there has not been any safety complaints that have been reported in the reviews. However, you can do some research on the subject and find out if you are confident to move forward with them.

MaxLend only offers loan facilities. You can’t access any other services from them.

Once you submit your application, MaxLend will review your application. If your loan is approved, you will be offered a loan offer and agreement to e-sign. You’ll then be able to access the funds within one business day.

Eligibility Criteria

To qualify to apply for a loan with MaxLend, you meet the following requirements;

  • Have a verifiable source of income 
  • Be at least 18 years old
  • Have a checking account – must have been active for a while – must not be new
  • Be a citizen of the United States 
  • Currently don’t be debtors in any bankruptcy case 
  • A minimal annual income of $10,200 
  • Be a resident of the eligible states 
  • Not involved in active military duty – or have a close relative in the military

What States Are Eligible For MaxLend Loans?

While MaxLend offers loans to over 38 states, if you reside in the following states, you do not qualify for a loan with them. 

  • Arkansas 
  • Georgia 
  • Connecticut 
  • Massachusetts 
  • New York 
  • Minnesota 
  • North Dakota 
  • Vermont 
  • Pennsylvania 
  • Washington 
  • West Virginia 
  • Virginia 

Customer Support

Based on the customer reviews about MaxLend customer support, the reports suggest that the support team is very friendly. They reply to messages and calls promptly. Therefore, if you need any assistance from MaxLend, don’t hesitate to contact them. 

MaxLend Application Process

The loan application process is easy and quick. If you have met all the requirements, go ahead and fill out the loan application at their website. With MaxLend, you can even apply for a loan through the phone on 855-975-9167. 

To apply online, follow the following steps;

You may be requested to give the following details:

  • Full name
  • Email address
  • State of residence and ZIP code
  • Phone number
  • Social Security Number

This includes;

  • Income amounts
  • Employer details
  • Bank account number
  • How often you get a paycheck
  • Payment method
  • Routing number
  • State whether you have filed for bankruptcy recently or you are planning to file for one

Once you have filled everything, submit your application. You will receive a verification call from MaxLend. If your loan is approved, you will be notified and requested to sign agreement documents online. You’ll receive the allocated funds within 1 business day. 

The entire process is simple and can be completed within 5 to 19 minutes. 

MaxLend Review – Conclusion

MaxLend is unique in very many ways. The fact that it’s not state-regulated, it makes to offer its services in more states than most online short-term lenders do.

Also, the fact that MaxLend doesn’t require a good credit rating to offer loans makes it a good solution for individuals who need financial aid but have poor credit scores. 

Although the rates are quite high compared to traditional institutions, if you’re short of cash and you are wondering where you can get help, there’s a place for you in MaxLend.