LendingTree

LendingTree: comparison site for loans, insurance, and financial products

LendingTree is an online platform that lets users compare offers for loans, insurance, mortgages, credit cards, and other financial products. The company does not act as a lender; instead, it brings together more than 300 partner institutions so that interested parties can see real options side by side before committing. Its proposition boils down to the idea that when banks compete, the user wins.

How the service works

The process unfolds in three steps: the user answers a few questions about what they are looking for, the platform shows real offers from multiple lenders, and finally the user chooses the one that best fits their needs. Some partners may contact the user to improve their offers. According to the company's information, comparing offers through LendingTree can generate savings of more than $60,000 in the case of mortgages.

Available products and categories

LendingTree's catalog covers a wide range of financial products, organized into several categories:

• Personal loans: for debt consolidation, people with bad credit, unsecured loans, quick loans, and cosigner loans.
• Business loans: small business loans, business lines of credit, working capital, equipment financing, and payroll loans.
• Auto loans: buying a car, bad credit auto loans, preapproved car loans, auto refinance, RV loans, boat loans, and motorcycle loans.
• Mortgages: home purchase, refinance, conventional mortgages, FHA and VA loans, 30-year and 15-year mortgages, investment property loans, land loans, adjustable-rate mortgages (ARM), jumbo loans, and USDA loans.
• Home equity: home equity loans, home equity lines of credit (HELOC), debt consolidation loans, and high-LTV options.
• Insurance: car, home, renters, health, life, business, RV, and pet insurance.
• Credit cards: travel, cash back, balance transfer, rewards, low interest, airline, and no annual fee cards, organized by type and by credit score.
• Other products: high-yield savings accounts, checking accounts, certificates of deposit, financial advice, student loans, and student loan refinance.

Tools and resources

The platform offers calculators and tools to estimate payments and compare options. These include personal loan, debt consolidation, mortgage, home equity, refinance, auto loan, small business loan (including an SBA loan calculator), and motorcycle, boat, and RV loan calculators. It also has home affordability and cash-out refinance calculators.

Reach and track record

According to data published by the company, LendingTree has helped 149 million people, has more than 700 trusted partners, and has facilitated $297 billion in loan funding. The company states it has 30 years in business. As for ratings, the platform shows a 4.5 out of 5 rating based on 16,287 reviews, with opinions highlighting the speed and ease of the process.

Examples of displayed rates

The site presents sample interest rates for different products, which may vary at the lender's discretion and may not be available at the time of application. These include: 30-year fixed mortgages from 6.66% APR for a $400,000 loan; home equity from 6.49% APR with a monthly payment of $513 for a $100,000 loan; personal loans from 8.11% APR over 3 years for a $20,000 loan; and mortgage refinance from 6.95% APR on a 30-year fixed for a $200,000 loan.

Presence and customer service

LendingTree operates primarily online and offers phone support Monday through Friday from 9:00 a.m. to 8:00 p.m. The company is headquartered in Charlotte, North Carolina, United States.

Location and contact

Phone: (800)-505-7916 · Email: vakilov@tree.com