CaliforniaMember since December 2016

Reviews (1)

    • Dec 28, 2016
    • Verified Reviewer


    LoanMe is a scam

    Overall Experience:

    LoanMe is a scam. They prey on innocent people who are having difficulties with finances. They lie and say they do not have loans under 2500, forcing you to take a minimum 2600 dollar loan. In California, if a loan is 2600 dollars or more, they can charge you what ever interest rate they want. They have me at an interest rate of about 139%. I have a 300 monthly payment that I will be paying on for almost 4 years and will pay back a total of 14,122.37 on a 2600 loan.

    This has to be illegal. The only reason I took this loan was because it was my only option at the time to pay my rent and feed my kids. Companies like this should not be able to take advantage of people in such an immoral manor.

    Bottom Line: No, I would not recommend this to a friend

    79 people found it helpful

    Link to this Review
    • Jul 17, 2019

      Company Response from LoanMe

      Thank you for your comments regarding the terms of your loan. We always encourage our customers to pay off their loans as quickly as possible to pay the least amount of interest.

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