|Basic requirement to get the loan|
|APR up to||841%|
|Time to money||Next business day|
|Funding Method||Bank account|
Maxlend: for Loans Without Strict Conditions
With an option to borrow up to $2,500, Maxlend is an emerging provider of legit loans online. You’ll borrow a loan for a set term and repay it in fixed partial amounts. The number of repayments is affected by your paycheck schedule.
If your loan has a term of 8 months and you’re paid on a bi-weekly basis (twice a month), the schedule may have 16 payments. For a person paying once a month, there will be 8 equal payments.
Maxlend.com Review to Opt for a Suitable Lender
Before approaching any lender, you require criteria to carry out your evaluation, for instance:
- How good is their customer service?
- Have they had complaints or lawsuits?
- What does thecom review say or conclude?
- How much is the cost of the loan product?
The Maxlend customer service seems to provide the assistance needed by new customers navigating the stages of getting their loan. A reviewer on Trustpilot noted that the agent they spoke will explain the product well. It is very essential for the customer to understand what they are getting into as this form of credit is usually expensive. The company’s representatives might also call you as part of the underwriting process to verify your details.
One may want to check if Maxlend complaints can be found on bbb.org, as well as on Trustpilot. The feedback on the lender is available on the web. The company is not trying to hide anything. When you electronically sign the loan contract, it means that you have read everything and that you’re comfortable moving forward. In the future, you’ll be obligated to honor the agreement.
Does Maxlend Provide Payday Loans?
Maxlend payday loans are not available. The sole product of the company is installment loans. The confusion results because these products share some similarities, including small-dollar loan amounts ($1,000 to $1,500), triple-digit APRs, and fast turnaround times. For instance, you may obtain your funds on the same day if you receive the confirmation call before 11:45 a.m. on Mondays to Fridays.
Tier System for Rewarding Loyal Customers
Maxlend.com has a well-thought-out tier system used to reward returning borrowers. You’ll become part of their preferred program after you become a first-time borrower. The tiers include Green, Silver, Gold & Platinum. The higher you climb, the more benefits you will get. For example, Platinum Preferred customers qualify for $2,500 at a maximum rate of $16 per $100. They also have longer repayment periods of up to 300 days.
Can I Trust Maxlend.com?
If you’re wondering “Is Maxlend legit?”, you would be pleased to learn that, indeed, it is. Not many customers have reviewed this lender recently as it’s still getting established in this lending sphere.
There has been no Maxlend lawsuit simply because you can’t sue the company. It stems from the fact that the entity operates under Tribal laws. In the US, Native American tribes have been granted sovereignty.
What’s comforting is that there is no Maxlend scam. That’s because the lender is affiliated with the Online Lenders Alliance, and they have an OLA seal on their website. Under no circumstances should you get scammed by being asked to send a small fee to kick start the paperwork. Members also abide by federal lending laws and the Truth in Lending Act.