The bottom line: LendingTree is a good personal loan marketplace for borrowers who want to compare many loan offers at once.

Although borrowers can take out a personal loan for various reasons, the maximum loan amount available from most lenders is $100,000 or less.

In its first celebrity-led campaign, the fintech brand that allows borrowers to evaluate multiple lenders at once seeks to build trust and comfort with those seeking financial assistance - in the form of comedian and actress Molly Shannon, plus a tightened tagline and revamped customer experience.

Benefits of Using LendingTree For anyone looking to obtain a mortgage, refinance, or take out a home equity loan, gathering quotes from multiple lenders is a must. LendingTree makes comparison-shopping quick and relatively painless, due to its streamlined loan request process.

Personal loans often come with lower interest rates than credit cards. As of October 2023, the average personal loan rate is 11.43 percent, while the average credit card rate is 20.72 percent. Consumers with excellent credit history can qualify for personal loan rates of around 10.3 percent to 12.5 percent.

A personal loan can be beneficial in certain situations when you need immediate funds. The loan is quickly approved and disbursed, and you can apply for it online as well. Minimum documentation and quick process make it an easy option for borrowers.

between 12 and 60 months Personal loans typically have a term between 12 and 60 months. Long-Term Personal Loans: There are different personal loan term lengths – some borrowers might need a longer term and lower monthly payment. One example of a long-term personal loan might be a debt consolidation loan.

What credit score do I need for a $5,000 loan? If you have a 580 or higher credit score you may qualify for a $5,000 personal loan. If you have bad credit or a credit score below 580 you may need to apply with a co-signer to qualify for a loan.

SNL alum Molly Shannon in the latest campaign for the. fintech brand, LendingTree!

It appears that LendingTree was looking for their version of Flo (from Progressive) and landed on Aunt Linda (Molly Shannon from SNL). The ad spots do a good job of promoting LendingTree's features while playing up some alliteration and heavy New York accents.

It enables the flow of money between savers and borrowers, allowing businesses to invest, grow and create jobs. Lending is, therefore, a critical part of the banking system, and banks must lend to support economic growth while also protecting against risks.

It can help you make a big purchase sooner, take advantage of a great investment opportunity, or pay less interest on your credit card balances or other debts. It can also give you the funds you need to go back to school or pay for your children's education.