LoanMe, Inc.

LoanMe is a California-based personal and small business installment lender that operates primarily in California and a limited number of other states. It serves consumers and small business owners who may not qualify for conventional bank financing, offering both personal installment loans and small business loans.

LoanMe's personal loans are typically for larger amounts than payday or short-term lenders offer, but they are targeted at borrowers who may have limited or poor credit histories or recent financial difficulties. Because LoanMe lends to higher-risk borrowers and the loans are unsecured, the annual percentage rates are significantly higher than those on conventional personal loans from mainstream lenders. The total cost of a LoanMe loan over its full repayment term can be substantial.

Before applying for a LoanMe loan, calculate the full repayment cost including all interest over the entire term, not just the monthly payment amount. A manageable monthly payment on a long loan term can hide a very high total repayment cost. Compare this against alternatives including credit unions, CDFI lenders, and other online personal loan platforms to understand what options are available for your credit profile and state.

LoanMe is a direct lender licensed in the states where it operates. California's lending laws apply to California borrowers, and LoanMe must comply with applicable state consumer lending regulations.

If you do borrow from LoanMe, borrow only what you genuinely need, make every payment on time, and look to refinance into a lower-cost product as your credit profile improves. Review all current terms including the full APR and total repayment amount before signing any agreement.