Above Lending Review: Is It Legit Or A Scam?

Above Lending

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The purpose of Above Lending is to provide unsecured consumer installment loans and market other financial products and services on behalf of themselves as well as their lending partners. There is no doubt that the company prides itself on offering its customers a simple and convenient experience. Their website can be found at abovelending.com, where they advertise their service.


Above Lending Review: Is It Legit Or A Scam? 1


If you’re shopping for a personal loan, make sure you compare offers from multiple lenders to find the one that meets your needs. Having gained a lot of attention recently, Above Lending may be a good choice for your finances. Take a closer look at what they have to offer so you can make an informed choice.

On closer inspection of their website and terms and conditions, we discovered some interesting things. Below is a list of our key points.

  • Above Lending and its partners offer different loan terms ranging from $1,000 to $100,000.
  • The annual percentage rate (APR) ranges from 4.9% to 35.99%.
  • A loan’s origination fee can range from 1% to 6%.
  • There are four to 84-month repayment terms available.
  • Most creditworthy borrowers receive the highest loan amounts at the lowest interest rates.
  • The third-party lender may charge you a fee if approved for a loan or other product or service marketed by Above Lending. They will never charge you for these referrals.

Above Lending: What is It?

Above Lending markets, brokers, and originates unsecured consumer installment loans on behalf of their lending partners. Additionally, they offer a wide range of financial products and services. Founded in 2019, the company is based in Houston, Texas. Call (800) 201-2295 to reach them.

Currently, Above Lending does not have a BBB rating, but customers have given it a 4 out of 5-star rating. Over the last three years, the company has received 34 customer reviews and closed 2 complaints.

How Does This Company Work?

If you are ready to begin shopping for a loan, Above Lending can help you find and compare offers from various lenders. You only need to provide some basic information, and they will show you personalized loan offers from their network of trusted lenders. You can choose the best offer and receive your money as soon as you e-sign your documents with the assistance of a loan specialist.

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How To Qualify For Above Lending?

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It would be best if you understood that approval and loan terms are not guaranteed before you apply for a loan. By submitting your information, you consent to share it with Lending Partners and affiliates. In addition, not all states offer the products and services advertised on their site.

Some of the offers on their site may be from third parties who pay them a referral fee when you purchase their products. These referrals, however, will not be charged to you.

Above Lending Reviews

Currently, Above Lending has not been rated by the Better Business Bureau. The company, however, has received four out of five stars from customers. Over the last three years, Above Lending has received 34 customer reviews and closed 2 complaints.

Here are some reviews:

Tracey N 12/30/2022

I have been very pleased with every person I have worked with! They are friendly, knowledgeable, professional, and very helpful. It’s nice to work with people I can trust in a not-so-pleasant situation. Thank you!

Ngork S 12/29/2022

Very nice program and very nice people to work with and helpful with the processing. Took less than 24 hours to get approved.

Libaniel H 12/29/2022

Chris was knowledgeable, friendly, and experienced. He gave me peace of mind and confidence in the process ahead of me. I am greatly appreciative of his help and for the quality of service, he and the above lending have provided.


How Much Does Above Lending Charge?

The terms of loans are between $1,000 and $100,000, depending on the borrower’s creditworthiness. APRs range from 4.9% to 35.99%, with origination fees ranging from 1% to 6%. Various repayment terms are available, ranging from 4 to 84 months. Those with the highest credit scores receive the highest loan amounts at the lowest interest rates.

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Above Lending typically offers personal loans with loan amounts of $17,000, repayment terms of 53 months, and interest rates of 17.00%. A 5% origination fee ($850) results in an annual percentage rate of 19.63%. The loan would cost $8,149.44, including interest and origination fees. During the term of the loan, you would make payments of $458.48 per month. Throughout the loan, you will make payments totaling $24,299.44.

Is There Any Pre-Payment Penalty?

Prepayment fees are not charged by Above Lending, so that you can pay off your loan early without penalty. Borrowers who want the flexibility to repay their loans on their terms will find it an excellent option.

How Does It Affect Your Credit?

Above Lending or the lender will perform a hard inquiry on your credit report to fund your loan. Your credit score may be affected by this, and third parties may be able to view it. A separate soft inquiry will be made upon accepting an offer and submitting your bank account information. Your credit score will not be affected by delicate questions, which you can only see.

How To Cancel Above Lending?

Make sure of your decision before taking out a personal loan. Once the funds have been disbursed into your account, you cannot reverse or cancel the transaction. To avoid cancellations or changes in the future, be certain upfront.

Having trouble making ends meet? You can get back on track with these helpful tips.

Regardless of your financial situation, there are a few simple steps you can take to get your finances in order.

  • It is a good idea to start by creating a budget and sticking to it. Doing this will allow you to control your spending and leave room for other important expenses.
  • An advisor can also help you set up a plan that suits your unique circumstances by explaining your options.
  • Last but not least, try not to worry too much about debt. There are many companies out there that are understanding and willing to work with their customers to develop a more manageable payment plan. The simplest way to obtain more information is to contact their customer service department.

Above Lending: Is it a Scam or Legit?

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With three years of experience in the financial services industry, Above Lending is a financial services company. Through its network of lenders, it provides a wide range of services. Despite not being accredited or rated by the Better Business Bureau, it has received a four-star rating from customers.

Before taking out a personal or business loan, compare different lenders’ interest rates and repayment terms. Reviews from customers can help you avoid loans that aren’t affordable and choose the best option.

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