The Golden Loan: Is Golden Loans USA Legitimate and Licensed?

Have you heard of Golden Loans USA and wondered if they are a trustworthy place to get financing? With so many lending options out there, it can be hard to know which companies are legitimate and have your best interests in mind.

The Golden Loan
The Golden Loan

That’s where this in-depth guide comes in! Below we will walk through everything you need to know about Golden Loans USA – from interest rates and types of loans offered, to customer reviews and the pros and cons of using their services. Whether you need a payday advance or are interested in a mortgage, read on to get the full scoop so you can make an informed decision.

An Introduction to Golden Loans USA

First, a bit of background. Golden Loans USA is a consumer lending company founded in 2005 that offers a wide array of lending products including personal loans, auto loans, business loans, and various mortgage options. They are headquartered in Chicago and provide services in over 30 states.

Golden Loans aims to make the lending process quick, easy, and transparent. Their website states that they are dedicated to “providing customers access to the financing they need through exceptional service.” The company promises loan decisions within minutes and funding in as little as 24 hours.

But are they able to deliver on these promises? Let’s take a closer look at what real customers have experienced using their services.

Digging into Golden Financial Services Reviews

The best way to get a feel for a lender is to check out customer reviews. Here’s an overview of what people are saying online about Golden Financial Services, the lending arm of Golden Loans USA:

The Good

  • Many customers praise the fast and easy loan application and funding process. Approvals within minutes and money deposited within 1 business day are common.
  • Interest rates and repayment terms are disclosed upfront. No hidden fees or surprises.
  • Customer service reps are responsive and helpful for the most part. Quick to answer questions and explain options.
  • The ability to get approved with bad credit is a major pro. Flexible credit requirements make loans accessible.

The Bad

  • Interest rates are very high, averaging between 29-35% APR for personal loans.
  • There are stiff penalties for late payments including additional fees and interest charges.
  • A few customers report communication issues during the repayment phase. Difficult to get responses from customer service.
  • Complaints of aggressive collections tactics if falling behind on payments. Harassing calls and threats of legal action.

So in summary, Golden Financial seems to deliver on ease and speed of the loan process but charges very high rates and has poor service after the loan is approved. Let’s get into more specifics on different loan products…

Is Golden Loans USA Legitimate and Licensed?

Given the high cost of lending, you may be wondering “Is Golden Loans USA legitimate and licensed?” This is an important question when assessing lenders.

The good news is yes, Golden Loans USA is a legitimate, licensed lending company. They are registered and compliant in all states they operate in.

According to state records, Golden Loans is licensed to provide loans to consumers in the following states:

  • Alabama
  • California
  • Florida
  • Illinois
  • Michigan
  • New Mexico
  • South Carolina

They also hold necessary mortgage lending licenses in over 10 states. There are no outstanding complaints against them with the Consumer Financial Protection Bureau (CFPB).

So while they do charge high interest rates, their business operations and lending practices are legal and certified by state regulators.

Golden Lenders – Their Mortgage Division

Golden Lenders is the mortgage lending arm of Golden Loans USA. They offer a full range of home loan programs including:

  • Conventional mortgages
  • FHA loans
  • VA loans
  • USDA home loans

Their mortgage rates and fees are comparable to competitors like Quicken Loans and Fairway Independent Mortgage. Of course, rates vary daily with the market. As an example, today they are quoting:

  • 30-year fixed conventional: 6.5% APR
  • 15-year fixed conventional: 6.0% APR
  • 5/1 ARM conventional: 5.25% APR

These rates are decent given the current rising rate environment.

The mortgage lending process includes:

  1. Prequalification and application – online or with a mortgage officer
  2. Underwriting and approval – typically within 3 business days
  3. Closing – schedule about 30 days after approval

So far, customer feedback on Golden Lenders is limited but positive overall. They deliver as promised with quick approvals and competitive rates.

What is Golden Loans USA? A Closer Look at Loan Products

Now that we’ve covered the mortgage offerings through Golden Lenders, you may be wondering about the various other loan products available through Golden Loans USA. Here is an overview:

Personal Loans

  • Amounts from $500 to $100k
  • Fixed terms from 2 to 5 years
  • All credit types welcome
  • Funds are directly deposited in as little as 24 hours

The minimum credit score to qualify for their loans is only 550. However, the hard inquiry will ding your score by several points. Rates for those with good credit average around 29% APR, while applicants with scores below 600 can expect APRs up to 35%.

Auto Loans

  • Financing on new and used cars
  • 100% financing available
  • Terms up to 72 months
  • Same fast funding as other loans

Auto loans through Golden Loans USA are ideal for those who need a car quickly and don’t have time to improve their credit first. Rates range from 15% APR for well-qualified borrowers up to 25% APR for deep subprime.

Payday and Title Loans

  • Payday loans up to $500 in your state
  • Title loans up to $10,000 against your car
  • Easy instant approval decisions
  • Funds were provided the same day

Payday loans through Golden Loans follow state laws regarding limits on fees and rollovers. Even so, rates can exceed 400% APR so these loans are recommended only as a very last resort for those with no other option.

Business Loans and Lines of Credit

  • Startup business loans
  • SBA loans
  • Equipment Financing
  • Lines of credit up to $250k
  • 7(a), 504 and microloans

Golden Loans facilitates a wide variety of business financing options including long and short-term business loans and lines of credit. Their business lending specialists help find the optimal lending solution.

So in summary, Golden Loans USA provides nearly every type of consumer and business loan product.


In closing, Golden Loans USA is a legitimate lender that provides an option for borrowing fast, but often at a steep price. Their easy approvals come with interest rates ranging from 15% to over 400% APR.

For those with good credit, banks and credit unions offer far lower rates. And for those with poor credit, improving your score first before taking on expensive loans is wise. But if you have an emergency need for cash immediately and have exhausted all other options, Golden Loans can come through quickly when you have nowhere else to turn.



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