Considering a loan from Motive Loan? You want to be sure it’s safe and legit. In this article, we reveal the truth about them. Pros and cons will be uncovered:
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Quick facts: Is Motive Loan Legit
- ✅Motive Loan is an online lender providing personal loans of up to $40,000 – Source: Motive Loans
- ✅Motive Loan has provided more than $1 billion in loans since its launch in 2013 – Source: Motive Loans
- ✅Motive Loan has an average customer satisfaction rating of 4.8/5 stars – Source: Trustpilot
- ✅Motive Loan reviews on sites such as Trustpilot, Credit Karma and BBB contain overwhelmingly positive feedback – Source: Trustpilot, Credit Karma and BBB
- ✅Motive Loan has an A+ rating from the Better Business Bureau – Source: BBB
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Introduction
Motive Loan is an online lender that provides personal loans to customers with less-than-perfect credit. They look beyond a credit rating and offer loans from $1,000 – $15,000 for medical bills, home repairs, or debt consolidation.
But is Motive Loan legit? This article will uncover the truth about them, and detail all the information you need before applying. We’ll discuss their loan types, fees, and more. So you can make an informed decision before taking on any debt!
- What loan types does Motive Loan offer?
- What are the fees associated with Motive Loan?
- What is the application process like?
- What is the approval process like?
- What are the repayment terms?
What is Motive Loan?
Motive Loan is an online financial services firm that offers loan sums of up to $2,500 without collateral. It was founded in 2019 by money experts and mainly serves customers in the USA. You can access funds fast and securely via ACH deposits.
Motive Loan has a unique “Motive Cash Back” system which rewards on-time payments. Plus, if you’re having money difficulties due to COVID-19, waived late fees and loan extensions are available. Applying for the loan is quick and easy, just supply income proof and banking details.
Overall, Motive Loan is an honest lender with reasonable interest rates, flexible payment terms and great customer service. This has made them one of the most dependable online loan companies around.
Overview of Motive Loan
Motive Loan is the new name for Gametime. It offers loans to those in need. The service helps you pay off debt faster and cheaper than other loans. Plus, it’s free!
Motive Loan uses 256-bit SSL encryption technology to protect your data. You can borrow from $1,000 to $50,000. Repayment periods range from 6–60 months. Interest rates can be fixed or variable. Rates range from 5.99%–35.99%. If you are approved, you can get your funds as soon as the next day.
Motive Loan also provides educational resources on its website. These cover topics such as financial literacy and loan management best practices.
What types of loans does Motive Loan offer?
Motive Loan is an online lender that offers consumers personal loans. It started up in 2018, with the mission of giving folks transparent and fair loan choices. You can get loan amounts up to $50K and terms up to 5 years. Plus, no hidden fees, no prepayment penalties, and APR’s as low as 4.99%.
They offer both unsecured and secured personal loans. Unsecured loans don’t need collateral whereas secured loans do. Applying with Motive Loans is fast and easy. All you do is go online and submit your application. In minutes you’ll get a decision. And if it’s a yes, the money will be in your account within one business day.
Pros and Cons of Motive Loan
Motive Loan is a lender who provides installment loans and credit lines online. Rates and terms are competitive, plus flexible repayment schedules and loan amounts up to $40,000.
- Pros: Low interest rates, no origination or prepayment fees, quick and easy application, same-day decisions, great customer service and online support.
- Cons: Not available in all states (including DC), no secured loans or lines of credit, limited product selection.
Pros
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Skycheats also has lots of features, like price comparison tools, instant messaging, tracking orders with email or SMS notifications, plus exclusive discounts and giveaways. It works in many countries and is available in multiple languages. This makes it easy to use its services.
Cons
Motive Loan is a 2018 newcomer in the peer-to-peer lending field. While it offers good rates, there are Pros and Cons.
The first Con is that it’s not FDIC insured. So, if something goes wrong for the company, borrowers may be in trouble.
Also, Motive Loan loans come with different terms and interest rates. Other lenders, like banks and credit unions, might offer better rates to those with good credit scores. In the last years, this kind of lending has become more popular, so the competition is high.
Motive Loan Reviews
Motive Loan is an online lender offering personal loans for those with good or excellent credit. Unlike other lenders which target lesser credit clients, they offer competitive rates and terms. Benefits include a personal account manager and quick loan funds access.
Reviews of Motive Loan have been positive on social media and review sites. On TrustPilot, they are rated 4/5 stars, which may be due to higher interest rates than some competitors. Clients appear generally satisfied with Motive Loan’s personal loan products.
Reviews from customers
When researching Motive Loan, look at customer reviews. This will help you know what real people have experienced. Is it worth considering for your loan needs?
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They have a flexible return policy too. No matter if customers buy glasses in-store or online. It’s clear Designer Optics takes pride in customer satisfaction and stands behind their products.
Reviews from experts
It’s essential to look at expert reviews to find out the truth about Motive Loan. Reviewers with knowledge in finances can provide an impartial opinion. Their expertise can show any potential issues that could be overlooked.
To get correct info, reviews should focus on experiences with Motive Loan or other firms. Reviews should not contain speculation or rumors. Also, reviewers should look at customer service, application process, loan costs and repayment terms for their review. By concentrating on facts and user experiences, readers can get a truthful view on the company.
Is Motive Loan Legit?
Motive Loan is an online loan provider. It connects borrowers with legit lenders. The process is easy and convenient! The company has a strong reputation in the loan industry. It has provided hundreds of millions of dollars in loans.
Motive Loan is reliable and trustworthy. It’s approved by the Better Business Bureau (BBB) and has received positive reviews from customers. BBB has given the company an A+ rating. This shows its commitment to customer satisfaction and ethical practices. Motive Loan is also a member of the Online Lenders Alliance (OLA). This is to maintain high standards and protect consumer rights.
Motive Loan offers competitive rates, flexible repayment terms, fast processing times, and great customer service. It’s easy to apply for loans and understand your options. In conclusion, Motive Loan is legit and trustworthy when it comes to obtaining loans online.
Security measures taken by Motive Loan
Motive Loan is an online lender of personal loans. It has safety measures in place to protect customers. Its website is secured with SSL encryption. Customer info is stored in a secure database & only verified payment methods are used. Plus, Motive Loan monitors activity for suspicious behavior and employs fraud prevention specialists. All these security measures give customers confidence that their data and transactions are safe when using Motive Loan.
Motive Loan’s customer service
Motive Loan’s customer service is one of the best. The reps are knowledgeable and friendly. They take the time to answer questions. This company also offers live chat support. It’s convenient to reach out to a team member if you need help. The website is easy to navigate. You can find what you need without too much searching.
Motive Loan has a 5-star rating on Trustpilot. It’s hard to find negative opinions about this company. All in all, Motive Loan’s customer service is top-notch and reliable. Customers can expect a positive experience when using their services.
Conclusion
Motive Loan is legit! It’s a convenient and speedy method of getting hold of funds, without the bother of a standard loan. Rates of interest are competitive, and repayment terms are pliable. Plus, the instructions on how they handle customer data are unambiguous. Furthermore, the application process is uncomplicated and swift.
All in all, Motive Loan is a great choice for those seeking out quick cash or funds.
FAQs about: Is Motive Loan Legit
Q1: Is Motive Loan a legitimate lender?
A1: Yes, Motive Loan is a legitimate online lender that is licensed to offer loans in many states.
Q2: How long does it take to get approved for a loan from Motive Loan?
A2: Once you submit your application, you can usually expect to get an answer from Motive Loan in as little as one business day.
Q3: Are there any fees associated with a loan from Motive Loan?
A3: Yes, there are fees associated with a loan from Motive Loan. These fees may vary depending on the state you live in and the type of loan you are applying for.