Money Mutual Review | Loans Like Money Mutual | Credit Raters us-lenders

Money Mutual Review

If you’re struggling financially and you need some fast cash that can’t wait until your next paycheck, then it’s an excellent decision to get a short-term loan. Nowadays, finding the right online credit services has been made easier thanks to third-party lending platforms such as Money Mutual. 

All you have to do is to specify how much money you want, and then you’ll be connected to the most suitable lender based on your individual needs. Since it’s was launched, this platform has served more than 2 million customers. 

If you too want to be connected to your future lender, then it’s time to do it. But before you get there, here is an in-depth guide about everything you need to know Money Mutual. I hope it helps you to make the right decision.  


In this platform, you can qualify for loan amount of up to $2,500. The good news is that the approved funds are available within 24 hours. 

As for the fees, it’s absolutely free to apply for a loan through Money Mutual. However, some of its partnered lenders may charge an origination fee. In most cases, the fee ranges between 0% and 5%, and it’s charged upfront. 

About the specific rates that you will be charged, it has not been made clear on its website. However, the rates and repayment terms that you’ll be offered will depend on the chosen lender’s policy, your income, your credit profile, loan amount borrowed, and repayment period among other factors. 

Key features

Money Mutual, being a third party platform, doesn’t service any loans. All it does is save you plenty of time and trouble that you could have gone through shopping and comparing different lenders. 

As long as you meet the set minimum requirements, just one application through this platform can connect you with more than one lender in its network. Even if your credit profile is poor, you may still be connected with a lender. 

While there is no guarantee that your loan will be approved, most first-time borrowers claim to have qualified for loan of up to $1,000. Most lenders are reluctant to offer the maximum loan amount of $2,500 to 1st-time borrowers. However, with consistent on-time repayments, return customers can qualify for such large loans. 

If you’re questionable about the legitimacy of the Money Mutual platform, there is nothing to worry about. It’s legitimate and certified by the OLA (Online Lenders Alliance). 

Money Mutual also has educational resources to help you make wise financial decisions. The application process is hassle-free. It’s only one page, and it only takes about 5 to 10 minutes to fill. 

Other upsides and downsides of using this platform include;



  • Not a direct lender 
  • Not available in all states 
  • Less maximum loan limit – $2,500


How much does it cost to use Money Mutual? 

There is no cost to use this platform. The platform is free to borrowers. It’s the lenders who use the platform that pays to be connected to you. However, if you are connected with a lender and you go ahead to accept the offer, they may charge you application fees among other charges. Carefully review the loan offer and only signs if it meets your needs. 

How soon can I access the funds? 

If your loan is approved, it takes less than 24 hours for the funds to be deposited into your bank account. However, it may take longer during the weekend or holidays. 

What are my repayment terms? 

The repayment terms that you’ll be offered majorly depends on the lender that you’ll be connected with. Money Mutual only matches you with a lender, nothing more. The lender that you’ll be matched with is obligated to show you all the repayment terms of your loan including the dates of repayment, interest rates, installment amounts, and more. 

Eligibility Criteria

To be considered to apply for a loan through Money Mutual, you must meet the following basic requirements;

  • Be a US permanent resident or citizen 
  • Be at least 18 years old 
  • Have a valid Social Security Number 
  • Have a valid checking account 
  • Have an income of at least $800 per month, after taxes 
  • Not a resident of New York or Connecticut 

State Availability

Due to interest rates limits in New York and Connecticut, residents of these states are eligible to apply for a loan through this platform. 

Customer support

To contact the Money Mutual customer support team, you can reach them through the phone at 844-276-2063 or email them at For questions, details, or concerns regarding your loan, you should direct them to your lender. 

Application process

The application process through Money Mutual is only a one-page form. The questions are easy to answer and only take less than 5 minutes to complete. To apply, follow the following steps;

Step 1: Visit the Money Mutual website application page. 

Step 2 – You’ll be requested to provide your personal information including your;

  • Names
  • Social Security Number 
  • Residential address
  • Valid phone number and email address 
  • Monthly income
  • Bank checking account 
  • Desired loan amount 
  • Financial information 

Agree to the terms and conditions and then click Submit. 

Step 3 – If you’re connected with a lender, you’ll be directed to the lender’s website. The lender may call or request proof of your personal and financial information. If you are approved, the lender will provide the loan details and a contract to sign. If you agree, sign the agreement and wait for the funds. 

Any questions or concerns about the rates and repayment terms of the loan should be discussed with the lender before you sign the loan agreement. 


If you don’t have the time to wander around on the internet looking for a legitimate online lender, then Money Mutual is the ideal place to look. 

Just keep in mind that it’s just a third party platform that connects you to lenders and doesn’t intervene or make decisions in the loan terms and conditions offered by lenders in its network.