MoneyLion was founded in 2013 to make money more approachable and to empower consumers to take greater control of their financial lives. We believe that by building better, smarter products we can help people to build positive, sustainable financial habits.

The benefits of MoneyLion personal loans:
No prepayment penalty. You can pay off your MoneyLion loan early without unexpected fees.
Referral program. Depending on your loan, you could reduce your rate by half through friend endorsements called “boosts.”
Fast turnaround. Once approved, you could receive your loan as soon as the next business day.
Free credit monitoring. Through a relationship with TransUnion, you may be eligible to check your credit for free and without affecting your score.

Loan Features

MoneyLion believes that money should be more approachable for everyone. We offer our customers the latest innovations in personal financial technology so they can monitor their credit, track their finances, take a loan and improve their financial health more easily – all online or through our mobile app.

Here are the free benefits and services for MoneyLion account holders:
Free credit monitoring: track and boost your score
Rewards points redeemable for gift cards
Alerts to help you avoid fees and fraud
Financial tracking for your bank and investment accounts
Personalized tips to help you save more

MoneyLion also offers a paid membership called Plus with additional perks:
Access to a $500 loan at 5.99% APR, even if you don’t have great credit
$1 cashback bonus, just for swiping through your daily app cards
Automated savings, set aside from each paycheck
Fully guided investment account, so you can grow your new savings
Credit Builder: on-time loan payments are reported to bureaus
More rewards based on your savings

Finally, MoneyLion does offer installment loans without membership as part of our LionLoans and MoneyLion lending products:
Fully transparent and clear application process and terms
Early pay offs with no penalty
Credit Builder: on-time loan payments are reported to bureaus
Earn rewards points for good loan payment behavior
We’ll work with you through difficult times to ensure you stay on track

You can begin using our free products, enroll in a Plus membership, or apply for a loan by visiting or downloading our mobile app and creating a new account.

Application Process

Application criteria:
1. Verified Identity
2. US permanent resident, over 18 y.o.
3. Employed with income
4. A checking account with:
• Direct deposit paychecks
• Positive account balance
• Passes our eligibility screening

Applying for a loan at MoneyLion takes just a few minutes. If you are a first time customer, visit or downloading our mobile app and start by creating a new account.

Click “Join for Free.” You’ll be prompted to set up an account with us and then follow the steps to sign up and fill out a loan application.

If you are a returning customer, sign into the your account to get to your MoneyLion dashboard, and then click “New Loan.” Most of your information will pre-populate the application based on your last loan request. Just be sure to update anything that has changed.

Repayment Terms

Minimum Loan Amount $1,000
Maximum Loan Amount $35,000
Loan Term 1 – 3 years
Min APR 7 – 29.99%

Customer Support

P.O. Box 1547
Sandy, UT 84091-1547

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