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Symple Lending Review

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About Company

Symple Lending is dedicated to delivering sustainable solutions to consumers at various milestones in their lives. The ultimate destination for individuals is financial freedom, a journey marked by a long and winding road, complete with uneven pavement and unexpected detours. While Symple Lending can't guarantee miles of perfect interstate, they excel at providing assistance and ensuring a smooth ride with their range of loan options tailored to fit the unique needs and lifestyles of their customers. Whether one aims to consolidate debt, thereby reducing monthly outflows, or embark on a memorable family vacation, Symple Lending stands ready to guide individuals along their financial journey.

Symple Lending

Key Features

  1. Variable APR. Symple Lending breaks the mold by offering a variable Annual Percentage Rate (APR) for personal loans. While this flexibility can be advantageous, it also introduces a unique consideration. If interest rates rise in the future, borrowers may face increased challenges with their monthly payments. Symple Lending's starting rates, however, are positioned favorably on the lower end of the typical spectrum, offering an attractive starting point for borrowers.

  2. Large Loan Amounts. Symple Lending provides the opportunity for borrowers to apply for substantial loan amounts, with the ceiling set at an impressive $100,000 for Personal Loans. This feature caters to individuals with diverse financial needs, allowing for flexibility in addressing both minor and major expenses.

  3. Prepayment Fee. In a departure from the norm in personal loans, Symple Lending charges a prepayment fee. This means that should borrowers choose to pay off their Symple Lending Personal Loans ahead of schedule, they will incur a fee. While uncommon, this aspect adds a layer of consideration for those seeking early repayment options.

  4. Short and Long Loan Terms. Symple Lending Personal Loans offer a unique range of loan terms to accommodate various preferences. On one end of the spectrum, borrowers can opt for short-term commitments with loan terms as brief as 2 months. On the other hand, for those seeking a more extended repayment period, Symple Lending provides the option of super long loan terms, stretching up to 180 months. This flexibility allows borrowers to tailor their loan durations to align with their specific financial circumstances and goals.

Pros and Cons


Low APRs available to qualified borrowers. Symple Lending offers competitive Annual Percentage Rates (APRs) for qualified borrowers, providing an opportunity for cost-effective financing.

No hidden fees. Transparent pricing is a key advantage, as borrowers can have confidence in the absence of undisclosed or unexpected fees, promoting a clear understanding of the financial commitment.

Receive Funds in 24-48 Hours. Symple Lending stands out for its efficiency in processing loans, with borrowers having the advantage of receiving funds within a relatively short timeframe of 24-48 hours.


APRs as high as 35.99%. While low APRs are available to qualified borrowers, the upper limit of 35.99% can be a significant drawback for those with less favorable credit profiles, potentially resulting in higher overall costs.

Charges an origination fee. Symple Lending imposes an origination fee, adding an upfront cost to the loan. This fee is an important consideration for borrowers, as it directly impacts the total amount they will need to repay.

Does not offer pre-approval with a soft credit pull. The absence of pre-approval with a soft credit pull means that potential borrowers must undergo a hard credit inquiry during the application process, potentially impacting their credit score.

Charges prepayment fees. Symple Lending's practice of charging prepayment fees is a notable disadvantage for borrowers aiming to settle their loans ahead of schedule, as it introduces an additional cost for those seeking early repayment options.


Symple Lending's accreditation by the Better Business Bureau (BBB) and its A rating are positive indicators of its reliability. The BBB is a well-known and reputable organization that evaluates businesses based on their ethical practices and customer service. An A rating suggests that Symple Lending has demonstrated a high level of trustworthiness and reliability in its interactions with customers.

How to apply for a Symple Lending loan?

Apply for a Loan

  1. Visit the Website. Go to the Symple Lending website by entering the URL in your web browser.

  2. Initiate the Application Process. Look for the "Get Approved Today" button on the website. Click on this button to start the loan application process.

  3. Provide Personal Information. Once you've initiated the application, you'll be prompted to enter essential personal information. This typically includes your.

    • Full Name

    • Address

    • Email Address

    • Phone Number

  4. Click "Apply Now". After entering the required information, proceed by clicking on the "Apply Now" button to submit your application to Symple Lending.

Conditions and Requirements


  • Personal Loan Amount. Borrowers have the flexibility to apply for loan amounts ranging from $5,000 to $100,000. This wide range accommodates various financial needs, whether they be minor expenses or more substantial financial requirements.

  • Loan Term. Symple Lending offers diverse loan term options, allowing borrowers to choose repayment periods that suit their individual circumstances. The loan terms can range from a short duration of 2 months to an extended period of up to 180 months, providing flexibility in managing repayment schedules.

  • APR (Annual Percentage Rate). Symple Lending Personal Loans come with a variable APR, offering a competitive range of 5.95% to 35.99%. The variability in APR provides an opportunity for qualified borrowers to access favorable interest rates, but it's important to note that the upper limit could be significant, especially for those with less favorable credit profiles.

  • Origination Fee. Symple Lending distinguishes itself by not charging an origination fee. This means borrowers won't incur an upfront cost when securing a personal loan, contributing to a more straightforward and transparent borrowing process.

  • Late Payment Fee. Symple Lending does not impose a late payment fee. This borrower-friendly feature alleviates the financial burden associated with delayed payments and provides some flexibility for individuals managing their repayment schedules.


  • Credit Score. Symple Lending Personal Loans do not explicitly require or disclose a minimum credit score. The emphasis is on offering financial solutions to a broad range of individuals, irrespective of their credit history.

  • Age Eligibility. The minimum age to be eligible for Symple Lending Personal Loans is 18 or the state minimum, whichever is higher. This ensures that applicants are of legal age to enter into financial agreements.

  • Income Requirement. Symple Lending Personal Loans do not have or disclose a specific minimum annual income eligibility requirement. However, the service specifically considers borrowers who are employed. This employment criterion helps assess the applicant's ability to repay the loan.

  • Military Eligibility. Symple Lending Personal Loans adhere to the regulations of The Military Lending Act (32 C.F.R. § 232). Active duty service members and their covered dependents are eligible to apply for a loan, with APRs falling within the limits specified by the Act.

  • Citizenship. U.S. citizens and permanent residents/green card holders are eligible to apply for the services offered by Symple Lending Personal Loans. This ensures that the financial solutions provided are accessible to individuals with legal residency status in the United States.

To qualify for Symple Lending Personal Loans, applicants may be required to provide the following documentation.

  • Driver's license

  • Proof of identity

  • Proof of citizenship or residence permit

Ways to receive the money

After the borrower has accepted the terms, Symple Lending initiates the funding process. The company transfers the approved loan amount directly into the borrower's designated bank account. This transfer is typically done electronically, ensuring a swift and secure transaction.

The borrower receives the funds in their bank account, making them available for use according to the intended purpose, such as debt consolidation, covering unexpected expenses, or financing a personal project.


  1. Debt Consolidation. Symple Lending provides debt consolidation loans, a financial solution designed to streamline multiple debts into a single, manageable repayment. Consumer studies indicate that debt consolidation loans can positively impact a borrower's overall credit health and performance.

  2. Home Improvement Loans. Recognizing that our homes are more than just living spaces, Symple Lending offers Home Improvement Loans. These loans empower homeowners to enhance and enjoy every inch of their living spaces. Whether it's a seasonal renovation or a comprehensive home improvement project, Symple Lending provides financial support for these endeavors.

  3. Business Loan. Symple Lending supports entrepreneurs at every stage, offering Business Loans for both novices starting from scratch and seasoned small business owners exploring new ventures. This financial product is tailored to meet the diverse needs of businesses, providing the necessary capital for growth and development.

  4. Personal Loan. In a world that moves at lightning speed, Symple Lending recognizes the importance of seizing the moment. The Personal Loan product allows individuals to fulfill their heart's desires without waiting for the perfect time. Whether it's a last-minute surprise, a family vacation, or various milestones in life's journey, Symple Lending's Personal Loans offer financial assistance for diverse personal needs.

Other Loans


Universal Credit

Universal Credit provides personal loans with a maximum amount of up to $50,000. Their loans come with fixed rates, ensuring stability and predictability in monthly payments. A key advantage is the absence of prepayment fees, offering borrowers flexibility in repaying loans ahead of schedule without incurring extra costs. The speedy funding process allows qualified applicants to receive funds quickly to address their financial requirements.

Universal Credit

Rocket Loans

Rocket Loans is a leading online lender offering a seamless and secure online loan application process. Applicants can receive instant prequalified offers within seconds, streamlining the borrowing experience. A standout feature is the same-day funding option for eligible borrowers, ensuring quick access to funds. Rocket Loans prioritizes transparency, with no hidden fees and no pre-payment penalties. Offering personal loans ranging from $2,000 to $45,000, Rocket Loans is a versatile and reliable choice for various financial needs.

Rocket Loans


Apply for a Loan

LightStream is a top-tier lending option offering a wide range of loan amounts from $5,000 to $100,000 with flexible repayment terms. With AutoPay, borrowers benefit from low fixed rates (7.99% to 25.49% APR), ensuring affordability and predictability. LightStream caters to diverse needs, including auto financing, home improvement, debt consolidation, and more. The competitive rates, streamlined application process, and responsive customer service make LightStream an excellent choice for significant financial assistance.



Apply for a Loan

LendingClub is a prominent player in the personal loan market, providing loans of up to $40,000 at competitive fixed rates. The swift and straightforward application process allows applicants to receive customized loan options quickly. With various rates, terms, and payment options available, borrowers have flexibility in choosing the loan offer that suits them best. LendingClub ensures a seamless and efficient funding process, transferring funds directly to the borrower's bank account or paying creditors directly.


Editorial Opinion

Symple Lending, an innovative financial services company, has positioned itself in the competitive landscape by offering a range of products designed to address the diverse financial needs of its customers. The company's commitment to delivering sustainable solutions is evident in its approach to providing loans that cater to various milestones in individuals' lives. Symple Lending's emphasis on financial freedom as the ultimate destination resonates with the ever-evolving nature of personal finance, acknowledging that life's journey can be marked by both planned and unexpected detours.

One noteworthy aspect of Symple Lending is its flexibility in loan terms and amounts, allowing borrowers to tailor their financial commitments to specific circumstances. The availability of personal loans with terms as short as 2 months and as long as 180 months provides a broad spectrum of options. Additionally, the innovative use of a variable Annual Percentage Rate (APR) introduces an element of adaptability, although borrowers should consider the potential impact of future interest rate fluctuations. Symple Lending's dedication to transparency is evident in its disclosure of key terms, such as the absence of prepayment fees, offering borrowers the freedom to manage their loans without incurring additional costs.

However, it's crucial for prospective borrowers to conduct a thorough assessment of Symple Lending's offerings in the context of their individual financial situations. The variable APR, while providing potential benefits, introduces an element of uncertainty that borrowers should carefully consider. Moreover, the absence of a pre-approval process with a soft credit pull may impact individuals concerned about the potential effects on their credit scores.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.


At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.



How do you qualify for a Symple Lending loan?

  1. Employment Status. Symple Lending typically considers borrowers who are employed. This emphasizes the importance of a stable income source, as it contributes to the borrower's ability to repay the loan. Employment verification may be part of the application process.

  2. Age Requirement. Applicants must meet a minimum age requirement, which is usually 18 years old or the state minimum, whichever is higher. This ensures that borrowers are of legal age to enter into financial agreements.

  3. U.S. Citizenship or Permanent Residency. Symple Lending services are typically available to U.S. citizens and permanent residents/green card holders. This ensures that the financial solutions offered are accessible to individuals with legal residency status in the United States.

To complete the application process successfully, applicants may be required to provide documentation such as a driver's license, proof of identity, and proof of citizenship or residence permit.

How much can you borrow from Symple Lending?

Symple Lending offers borrowers flexibility in choosing loan amounts to suit their financial needs. The borrowing limits provided by Symple Lending can accommodate a range of financial requirements.

Borrowers have the flexibility to apply for loan amounts ranging from $5,000 to $100,000. This wide range allows individuals to access financing for various purposes, whether it's for smaller expenses or more significant financial requirements.

It's important to note that the specific loan amount a borrower qualifies for may depend on factors such as creditworthiness, income, and other relevant financial considerations. Symple Lending aims to provide a customizable borrowing experience, allowing individuals to select loan amounts that align with their specific needs and circumstances.

Does Symple Lending approve everyone?

Symple Lending, like most financial institutions, does not guarantee approval for every applicant. The approval process for loans typically involves a thorough evaluation of various factors, including creditworthiness, employment status, income, and other relevant financial considerations. While Symple Lending aims to provide financial solutions to a broad range of individuals, not everyone may meet the criteria necessary for approval.

Factors that may influence the approval process include:

  1. Creditworthiness. Symple Lending may assess an applicant's credit history and credit score to gauge their creditworthiness. A positive credit history can enhance the likelihood of approval.

  2. Employment Status. Symple Lending typically considers borrowers who are employed, as employment status is a key indicator of the ability to repay the loan.

  3. Income. The borrower's income is another crucial factor. Symple Lending may assess the applicant's income to ensure it aligns with the loan amount and repayment terms.

  4. Eligibility Criteria. Meeting specific eligibility criteria, such as age requirements and citizenship status, is essential for loan approval.

Is Symple Lending a legitimate company?

Symple Lending's accreditation by the Better Business Bureau (BBB) and its A rating are positive indicators of its reliability. The BBB is a well-known and reputable organization that evaluates businesses based on their ethical practices and customer service. An A rating suggests that Symple Lending has demonstrated a high level of trustworthiness and reliability in its interactions with customers.

Is Symple Lending a good lender?

Symple Lending's excellent rating of 4.8/5 on Trustpilot is a positive indication based on customer reviews. Trustpilot is a platform where customers can share their experiences and provide feedback on businesses, offering valuable insights into the company's reputation and customer satisfaction.

The high rating suggests that a significant number of customers have had positive experiences with Symple Lending, finding the company to be reliable and satisfactory in its services. It's noteworthy that customer reviews can provide valuable perspectives on factors such as the application process, customer service, and overall satisfaction.

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