Lendvia is a legit organization that gives up to $100,000 in personal loans. Before you proceed with an application, carefully go through this comprehensive Lendvia Financial review to know about the operations of the company.
This will help you to make an informed choice that you will not regret. We will get to know whether the loan company is legit or not. You will also see what others are saying about this company as well as its interest rates, eligibility criteria, application process, and so much more.
Lendvia Financial is a loan provider that helps people to get personal loans by connecting them to suitable lenders. In other words, it is not a lender in itself rather it serves as a mediator or intermediary between the lenders and loan seekers.
It partners with many lenders to carry out this service. When you apply for a loan from them, you are immediately matched with a lender who will go through your information and provide you with the loan.
With so many financial players in the marketplace these days, it is important to carry out research into the activities of any loan organization you choose to do business with. So read with me to the end as we see Lendvia Financial reviews.
Is Lendvia Financial Legit?
From our research into the operation of this organization, it could be said that Lendvia Financial is legit and not a scam. This view is necessary after a thorough consideration of the factors or variables that determine a scam company or website. We found out that it passed these variables. See them below.
One of the factors that help you to recognize scam companies easily is that they do not operate for many years. They come into the stage and disappear after a short time. However, Lendvia is seen as a legit lending company because it has been in the business for almost a decade. The company was established in 2014 and has over the years kept an excellent track record of efficiency.
Furthermore, it is a licensed organization with its headquarters at 15303 Venture Blvd. Suite 1190, Sherman Oaks, CA, 91403. It operates in accordance with the provisions of the laws and policies of the government. Its operations are very transparent hence you do not need to worry about hidden charges.
Additionally, the organization has a well-organized professional website that provides you with almost all the information that you need about them. It also has a section where customers can make comments and complaints which are attended to through a reply from the company’s customer service representatives. With all of these, it can be seen that the organization is legit. Let’s further prove this by looking at Lendvia Financial reviews in the next section.
Lendvia Financial Reviews
Reviews are a good way to know customers’ views and satisfaction with a company or product. And it is one of the best ways to know whether a company is legit or a scam. Interestingly, Lendvia has gotten quite a good number of reviews from customers to prove that it is a legit organization. Many customers have commended it for its fast loan approval process, flexible repayment plan, as well as knowledgeable loan officers.
Nevertheless, there are also negative comments from customers as expected. Most of the negative reviews about this organization border on its high-interest rates and fees. There are also complaints about its unresponsive customer service, and a few people not getting quick loan approval. Let’s see what customers are saying about this platform on some of the most popular review websites out there.
Lendvia Financial Reviews BBB
This company is accredited by the BBB and it has an A+ rating on the website. These go a long way to show that it is legit and has met the rating variables of transparency, trustworthiness, honesty, and others. A quick look through its comment section shows a mixed audience of customers who are satisfied with the services of the organization and does not happy. And the displeasures are mostly on interest rates and fees as stated above.
Lendvia Financial Reviews On The American Fair Credit Council (AFCC)
Like BBB, AFCC is one of the best places to get quality reviews about financial institutions. Unfortunately, however, Lendvia Financial does not have a profile with this council. And as a result of that, there are no reviews about its operations from customers there.
Lendvia Financial Reviews On Yelp And Trustpilot
Trustpilot and Yelp are also very popular and reliable platforms for reviews. However, our research on these websites shows that there are no reviews about Lendvia Financial. We do hope that in no time, customers will use these platforms to review the activities of the organization in question.
Requirements For Lendvia Financial
To qualify for a loan with Lendvia Financial, you must meet the following criteria
- You must be more than 18 years of age.
- Must be residing in the United States.
- A good debt-to-income ratio.
- You must have a good credit score or credit history.
- You must have a government-issued ID, passport, or Driver’s License.
- An active bank account.
How To Apply Lendvia Financial Loan
The application process is quick and straightforward. It is done online on the Lendvia Financial Website. When you click on Apply Now, you will be required to enter your personal and financial information.
You will also enter the amount of money that you wish to borrow and follow the onsite prompts to complete the process. The organization will then go through your information and if qualified, you will be matched with the right lender who will do further scrutiny.
If your loan is approved, you will get an email stating the terms of the loan including its interest rates and fees. Ensure that you carefully read through the terms before accepting the loan.
Lendvia Financial Interest Rates
You can get a loan of $5,000 to $100,000 from this company at very competitive interest rates. The interest rate is between 4.99% and 35.99% which could be paid within 1-5 years depending on the agreement signed by the lender and the loan seeker.
Pros And Cons Of Lendvia Financial
Like all organizations, Lendvia has its advantages (pro) and drawbacks (cons). And you must consider them before getting a loan from this company. Some of them are outlined below.
- Large loan amount
- Flexible loan repayment plan.
- Competitive interest rates.
- Quick loan approval
- Simple application process.
- Simple eligibility criteria
- Transparent loan services
- Responsive customer service.
- Knowledgeable loan officers who will guide you through the entire loan process.
- High-interest rates especially, for those with low credit scores.
After going through the entire Lendvia Financial review, you can see that it is legit and not a scam. Therefore it is safe to get a loan from them after thoroughly considering its pros and con, especially its interest rates.