Fintechzoom Personal Loans Review: Rates, Fees, and Options

Need extra cash for debt consolidation, home improvements, or other expenses? Fintechzoom connects borrowers to personal loans from $1,000 to $50,000. But how does their lending marketplace compare on rates, fees, and fine print? This review has the details.

Overview of Fintechzoom Personal Loans

Fintechzoom is an online lending marketplace founded in 2017. They partner with a network of lenders to offer borrowers quick pre-qualification and competitive personal loan offers.

Loan amounts range from $1,000 to $50,000 with APRs from 4.99% to 35.99% based on creditworthiness. Terms are between 2 and 5 years. Fintechzoom offers fixed and variable rate loans for uses like:

  • Debt consolidation
  • Credit card refinancing
  • Home improvement
  • Large purchases
  • Auto repairs
  • Medical bills

Top Features of Fintechzoom Loans

  • Pre-qualify online with a soft credit check
  • Compare loan offers from multiple lenders
  • Quick funding in as soon as one business day
  • No prepayment penalties
  • Cosigners allowed
  • Loans available in all 50 states

Potential Downsides

  • Minimum credit score around 640 required
  • Origination fees from 1% to 6% deducted from loan
  • Late fees and returned payment fees
  • Variable rate loans can see APR increases

Fintechzoom simplifies getting personal loan offers quickly. Just be sure to compare fine print. Alternative lenders often charge higher rates and fees than banks or credit unions.

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