Motive Loans

Motive Loan can help you get loan approval in just 3 minutes. They have a quick application and a network of lenders that can approve you if you have bad credit. But watch out for the complaints on BBB. 

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Motive Loans

Motive Loans Review

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What is Motive Loans?

Motive Loans is an online loan platform that can connect borrowers looking for a quick loan to potential lenders with any credit score. It’s a 100% free-to-use service, and Motive Loans review your application in as fast as 3 minutes.

Borrowers can apply for loans ranging from $100 to $5,000. No paperwork is needed during the application process making it best for people looking for quick cash. You’ll only need to fill out the online form and see which direct lending companies are willing to work with you.

Motive Loans is not a direct lender, they are a site that can refer you to lenders. Most lenders on the site offer personal loans and the amount you can borrow will depend on your current financial standing and credit history.

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    Motive Loans Loan Features

    Borrowers can get quick personal loans in as fast as 3 minutes and many of their lending partners offer loan terms as long as 72 months. When it comes to interest rates, you can expect to get offers ranging from 5.99% to 35.99%.

    Many financial institutions typically require borrowers to fax or scan paperwork, but this isn’t the case for Motive Loan. The application process is exclusively online, so getting a quick loan is hassle-free.

    So, is Motive Loans a lender? No, they are not a direct lender, they are an online loan broker network. Through this network, or platform, you can get multiple loan offers with just one application.

    • Borrowers with any credit score can apply
    • Unsecured Loans from $100 – $5,000
    • Platform with multiple direct online lenders
    • 100% free service
    • Approval in just 3 minutes
    • Unsure if Motive is legit based on online reviews
    • Needs SSN to connect you with a lender
    • Some lenders may charge extra fees

    What makes Motive Loans stand out

    • Get approved for a loan in 3 minutes. Whether you’re dealing with a bad credit score or the best credit anyone can have, it only takes 3 minutes for Motive Loan to connect you with an online lender. All you need to do is to complete the online form and choose from the loan offers.
    • No hard credit check. When applying for loans, many are worried about how this will impact their credit scores. This is especially the case for poor credit borrowers. Don’t worry; Motive Loan only conducts a soft inquiry, so there’s no way it could negatively impact your credit score.
    • Lenders on this site offer flexible loan repayment terms. The loan offers you might get from the direct lenders on Motive Loan may have a lending period from 61 days to 72 months. They might also give you an option to pay once or twice a month to make repayments easier for you.
    • Detailed website with representative repayment examples. Many indirect lending platforms can be a bit secretive about what loan offers will look like when you apply on their site. However, that’s not how Motive Loan works. You can see repayment examples on the site, so you can quickly gauge what your repayment terms can look like based on the loan amount and interest rate.
    • Fast approvals. You can receive an offer for a loan from one of their partners in as quick as 3 minutes.

    Why you’ll want to look for a loan elsewhere

    • Rated F on BBB. Checking BBB is always wise if you want to know the reputation of any businesses in the US. With an F rating, Motive Loan has quite a bad rep, so go for another lending platform with a better rep.
    • Not for borrowers looking for large personal loans. If you’re looking for a loan of more than $5,000, then this isn’t the platform for you.
    • Not all financial service products are available on this site. Motive Loans only guarantees personal loans to be offered to you. Other financial services like student loans, business loans, debt consolidation, and credit lines may not be available. This always depends on what loan offers certain direct lenders have.

    Is Motive Loans Legit?

    The legitimacy of Motive Loans is unclear. The platform has an F rating by the Better Business Bureau (BBB), so that’s a red flag to keep in mind. Also, the platform is said to be suspicious by the Financial Conduct Authority in the UK.

    Motive Loans also has a history of complaints, but there are also users that claim to have had a positive experience using this site. Overall, there are red flags that you should be mindful of.

    • Better Business Bureau rating: Motive has a F rating from the BBB. This is because of their failure to respond to 5 complaints lodged against them, the amount of complaints as well as their time in business.
    • Customer service contact: If you have a question for Motive Loans you can email their customer service team at [email protected].

    How does MoneyKey compare to other lenders

    Motive Loan5KFunds Sofi Personal Loan
    Est. APR
    Est. APR
    Est. APR
    Est. Loan Term
    62 days -72 months
    Est. Loan Term
    61 days–72 months
    Est. Loan Term
    24-48 months
    Loan amount
    Loan amount
    Loan amount
    Min. Credit Score
    Min. Credit Score
    Min. Credit Score
    Min. income
    $1,200 per month*
    Min. income
    $1,200 per month*
    Min. income
    $3,750 per month

    How to apply for a loan with

    Here’s a quick guide on how you can request a loan at Motive Loan:

    1. Fill out the online form. Select the loan amount you prefer, enter your email address, and click Continue.
      how to apply for a loan at motive loan
    2. Enter your information. Type in your personal details like full name, address, date of birth, SSN, driver’s license info, and deposit details. Then, click Submit and Agree.
      motive loan application

    That’s all you need to do to get to the approval process. After this, you’ll need to wait for the site to finish the review in just a few minutes. You’ll then be presented with loan offers from multiple direct lenders. 

    Accept the loan offer with the best loan amount, interest rate, and repayment terms, and wait for the loan funds to be deposited into the bank account you provided on the application. How long you need to wait for the funds to be deposited to your account can take up to a full business day.

    Wrapping Up: Should you apply for a loan with Motive Loan?

    Based on Motive Loan’s application process, it only takes a few minutes to get loan offers. Borrowers with any credit score can also send a loan application.

    All that makes this loan platform a seemingly good choice. However, the bad BBB rating and complaints from other users definitely raise some red flags. If you need a loan fast for up to $5,000, we recommend applying with legit platforms such as 5KLoans or LendingTree.