Loans » Personal Loan Lender Reviews » AmONE Personal Loan Review 2021
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AmONE Personal Loan Review 2021

While AmONE might not be able to get you great rates if you have bad credit, they can work with you so you can see how you can clear up some debt.

Some products that appear here are from companies from which this website receives compensation. This may impact how and where products appear on this site (including, for example, the order in which they appear). This compensation allows us to maintain a full-time, unbiased editorial staff. Our opinions are our own.

In this Review..

AmONE is a  personal loan marketplace. With different lending options available, you can shop here for any type of personal loan. After becoming pre-qualified, they will help you find the right loan. 

You will get approved quickly and can have access to the right loan for you within a matter of minutes. The first thing you will do is select the purpose of your personal loan and what your estimated credit score is. 

After this step, you input how much money you are trying to borrow and what your employment status is. It takes you through other basic information like income, marital status, and mortgage information. You can see your loan options right on the screen after inputting all your information. 

Keep in mind that AmONE will not be your lender; they just work to connect you with the right lender for you. With so many lending partners available, you are sure to find the right loan. 

Remember that like most financial transactions and loans, you have a chance at a better interest rate the higher your credit score. If you are having credit trouble, AmONE can still work to find you a loan partner. 

AmONE was created with the intention of making it easier to help you find a personal loan. This lender marketplace uses your information to match you up with the right loan.

APR

6.78-35.99%

Loan Amount

$1,000 – $50,000

Term

24-84 months

Min score

300

AmONE Loan Pros & Cons

As we know, each lender has its own pros & cons  – here are the relevant things we found for potential borrowers:

Pros

Cons

Loan Details

Here are the basic specifications & requirements of AmONE Personal Loan :

What Can a AmONE Personal Loan Be Used For?

Since you are looking for a marketplace for choosing a loan lender, you are going to get a lot of interest rates returned based on your credit history. These are real rates that AmONE has acquired for you from real lenders. If the interest rates seem high it is because your credit is bad, and you might want to consider some of the debt consolidation information on the website before securing a loan.  

AmONE is not yet accredited through the Better Business Bureau, but on Consumer Affairs they were rated 4.7/5 by customers who have used their service. A solid rating, you likely won’t be disappointed if you use AmONE. 

AmOne Reputation

  • A+ on BBB: BBB assigns ratings from A+ (highest) to F (lowest). BB ratings are based on information in BBB files with respect to factors such as the business's complaint history with BBB, type of business, time in business, transparent business practices, and more.
  • 4.7/5  on Consumer Affairs (+230 reviews): Consumer Affairs reviews allow customers to post positive, negative, or neutral reviews about marketplace experiences.
  • 4.6/5 on Trustpilot ( +850 reviews): TrustScore is also an overall measurement of reviewer satisfaction, represented numerically from 1 to 5.
  •  J.D Power: We considered J.D. Power’s lending consumers satisfaction study. .J.D Power offers the most comprehensive and independent study of personal loans consumer satisfaction  . The study aims to help consumers and issuers to understand user opinions and ratings of top lenders. It covers terms, benefits, services, communication, transparency and more. AmOne wasn't rated in the 2020 research.

J.D. Power U.S. Lending Consumer Satisfaction 2020

Application Process

Select Loan Purpose

Start by choosing the purpose of the loan you are requesting and entering an amount for the loan you are requesting and what your estimated credit score is. 

AmONE

How much you Need

Let AmONE know how much you need to borrow and what your employment status is. 

AmONE

Disclose your Income

From here, you will share your income and other personal information. Don’t withhold any information as the banks will ultimately require it before issuing you a loan. 

AmONE

Match, Choose, & Apply

After you finish everything you will see what loans are available for you. It only takes a few minutes and you can start comparing loans right away. 

Advertiser Disclosure

This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.

Credible

APR

2.49%-35.99%

Credit Score

Varies, Based on Lender
On Credible's Secure Website

AmOne

APR

6.78-35.99%

Credit Score

300
On AmOne's Secure Website

OneMain Financial

APR

18.00% – 35.99%

Credit Score

No Minimum
On OneMain's Secure Website
Advertiser Disclosure

This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.

AmOne

6.78-35.99%
300
On AmOne's Secure Website

Credible

2.49%-35.99%
Varies
On Credible's Secure Website

OneMain Financial

18.00% – 35.99%

No Minimum

On OneMain's Secure Website

AmONE FAQs

Should I use AmONE?

AmONE has a lot to offer. If you are in need of a personal loan because you are in debt, this is a great company to work with. Their customer service is great and they can help you every step of the way. While AmONE might not be able to get you great rates if you have bad credit, they can work with you so you can see how you can clear up some debt. 

Is AmONE trustworthy?

AmONE has a solid reputation within the lending industry. The company has an excellent rating on Trustpilot (4.5 out of 5) with hundreds of positive reviews and an A+ BBB rating with no complaints on file. This suggests that if any issues do arise, the AmONE team deals with them promptly, so consumers are not venting their frustrations with independent review sites.

Does AmONE affect credit score?

AmONE provides access to loans for all types of credit and financial circumstances. The preapproval process does not involve a hard credit search, so it won’t affect your credit score. However, if you decide that you want to proceed with a loan deal, the lender working with AmONE may ask permission to check your credit file.

Is AmONE better than Credible?

Like AmONE, Credible has a decent reputation, especially on Trustpilot. However, while AmONE has a focus on personal loans, business loans and debt consolidation, Credible offers access to student loans and student loan refinancing, home loans and mortgages. This may mean that it is not as flexible for you if you have a start up in need of finance.

Both companies offer loan options for different credit ratings, but AmONE advertises that you can receive funds in as little as 24 hours after approval. However, Credible has a lower APR for those with good credit and can help you source loans up to $100,000 rather than the $50,000 cap with AmONE.

Is AmONE better than Monevo?

Monevo also provides access to loans up to $100,000 from 2.49% APR, which is better than the $50,000 from 3.49% APR, but the actual rate will depend on your circumstances. Additionally, while AmONE has a good BBB rating, Monevo is BBB accredited, which means the company adheres to the strict BBB guidelines.

Another key difference is that Monevo allows you to select the amount and reason for seeking finance to compare appropriate types of loans. AmONE specializes in different types of finance, which may be more appropriate for some consumers.

Alternatives Lenders For Consideration

Here are our 3 choices of lenders which can use as a great alternative to AmONE personal loan: 

This company is an online lender that offers very high loan amounts yet at low interest rates. LightStream is part of the Trust Bank group, formerly the SunTrust Bank. You can use the loan for any purpose, including home improvements, debt consolidation, etc.

LightStream does not charge fees. So, there are no late payment fees, processing fees, or pre payment fees. They even offer $100 to customers if they are unsatisfied with their loan processing experience and are willing to beat competitor’s rates by 0.1%.

If you find a lender offering a better rate than LightStream, the company will offer you a 0.1% decrease to highlight that they are a better option.

Most of the loans have a term of two to seven years, but this may be extended to 12 years for solar financing, home improvement loans, or swimming pool loans.

SoFi has moved away from that business model and moved to a “non-traditional underwriting approach focused on lending to financially responsible individuals. SoFi uses an underwriting model that examines free cash flow, professional history and education in addition to a history of responsible bill payment to evaluate its borrowers.”
SoFi personal loans have no origination or late fees. They also do not have a prepayment penalty so the loan can be paid off early without additional costs. SoFi gives borrowers flexibility in payments and allow you to change payment due dates and do not charge late fees.

Marcus is an online only lender offered by Goldman Sachs. It offers personal loans with no fees including late fees, prepayment fees or sign up fees. Since you’re only required to pay the principal loan sum and interest, the interest rates are a little higher than the competition. However, this can be a good option for those with a good credit score who want to avoid annoying fees.

Where Marcus personal loans are a little different is that there is the option of prequalification. If you’re not sure if you will be eligible for a loan, you can complete a basic, short form. This only involves a soft check, so you can avoid triggering a hard credit check and potentially compromising your credit score. Prequalification will allow you to check and compare your Marcus loan options.

You can also receive a 0.25% discount if you opt for autopay. This involves a larger portion of your monthly payment being applied to the loan principal, so less interest will accrue on your account. You can have a loan with a term from three to six years.

Loan Reviews Methodology

When it comes to choosing personal, student or car loans, we make sure that we evaluate all of the different products and services that are available for the lender we review. 

The Smart Investor’s selection of loan providers for inclusion here was made based on key areas we evaluated: loan types and loan products offered, fees, and APR. We also considering customer satisfaction and reliable external ratings such as J.D power/Trustpilot.

Cutting fees is now table stakes in the personal and student loans market. In addition, the most valuable loan products tend to offer a deep bench of options that meet a wide array of customer needs. These include a diverse range of loan amounts and terms, as well as loan structures. We also make sure that you’re going to save money by cutting down on the APR that goes along with the loans offered.