Symple Lending Reviews – How to Apply for A Symple Loan

Symple Lending Reviews is an online lender that provides personal loans and business loans to borrowers across the United States with fast funding and competitive interest rates.

Symple Lending Reviews
Symple Lending Reviews

In this blog post, we’ll provide an in-depth look at Symple Lending, eligibility criteria, the application process, customer service, legitimacy, potential drawbacks, and more. If you’re considering a Symple Loan or just want to learn more, this article is for you. Read on for a complete overview.

Symple Loans Overview

Symple Loan offers personal loans from $1,000 to $40,000 and business loans up to $500,000. All their loans have fixed terms ranging from 2 to 5 years. Their application is online and they approve fast.

Symple focuses on speed and convenience. Their loan uses include debt consolidation, home improvement, medical expenses, business funding, and more. Symple services all loans in-house without selling or transferring to third parties.

Who is the Owner of Symple Loan?

Symple Lending is a private company, it was founded in 2017 by business entrepreneurs who wanted to simplify the lending process. Symple has received millions of dollars in funding from venture capital firms and investors.

The company’s executives and leadership team all have backgrounds in finance, technology, and online business. Symple Lending maintains full in-house operations for underwriting, funding, and servicing loans. Read on to know if you are qualified for a loan.

Eligibility Criteria for Symple Loan

To qualify for a Symple Lending you’ll need:

  • A minimum credit score of 660 and above. If you don’t have a credit score above 660, your chances of getting a loan on Symple is slim.
  • You must have a verifiable income source.
  • A Canadian citizenship or permanent residency.
  • 18+ years old or legally declared emancipated minor.
  • No recent bankruptcies.
  • Stable income and employment history.

Better credit and a good income generally mean lower rates and more favorable loan terms. Symple states they are open to all credit backgrounds but you’ll have the best experience with scores over 660. If you are eligible, check out how to apply for my loan.

How to Apply for A Symple Loan

Symple has made the application process completely online with rate pre-approvals in minutes. Here are the steps:

  • Visit and click “Apply Now.
  • Select either a personal or business loan and enter your requested amount and purpose. The borrowing range is between $5000 to $500,000
  • Provide personal info like name, DOB, and your income source so Symple can pull your credit.
  • If approved, examine the loan offer details including their rate, term, and payment amount.
  • Verify employment and income with pay stubs, tax returns, or bank statements.
  • Provide your Citizenship status.
  • Accept the loan offer if satisfactory. Symple will finalize underwriting.

The whole process from pre-approval to funding can be less than 48 hours if you have excellent credit and documentation.

What Should I Do After Getting Symple Loan?

Once approved, make sure to carefully review the loan agreement and terms before signing. Understand the payment schedule and auto-debit arrangements. Log into your Symple account to set up recurring payments from your bank.

Be sure to make the first payment on time! If you experience financial hardship, contact Symple immediately for alternative payment options. Pay off the loan as scheduled through monthly direct payments. You can also prepay the balance early with no penalties. Make extra payments if you want to pay down the principal faster.

Is Symple Loan Safe? 

Symple Lending is a legitimate lender licensed to operate in all 50 states. They are registered with state regulators and are subjected to applicable lending laws.

Although Symple has had some customer service complaints, its overall business practices are within industry standards. They provide disclosures and documentation clearly outlining loan costs and terms. So yes, Symple is a legit lender, but do your due diligence before borrowing.

What To Watch Out For On Symple Loan

If you are considering a Symple loan, be aware of the following:

  • Origination fees ranges from 1% to 6% deducted from the loan amount
  • A hard credit check will temporarily lower your scores.
  • Late payments trigger fees and increased interest rates.
  • You cannot change payment due dates or amounts.
  • Customer service availability and responsiveness vary.
  • No co-signers or alternative payback options.
  • The minimum personal loan amount is $5,000. For some people, this loan amount may be high.

Make sure you review documents carefully and understand the repayment requirements before accepting a loan offer.

Review Summary

If you need cash fast and hate jumping through hoops to borrow? Symple Lending could be for you. Their whole borrowing process happens online to save you time and hassle.

Just go to their site, provide your personal information, and get your application going. Within 2 business days, Symple Loan will let you know if you’re approved.

They also have a competitive rate compared to old-school banks. Loans run from $5,000 to $500,000 with fixed 2-5-year terms.

Also, watch out for origination fees and inflexible payment options.

All credit backgrounds lower than 660 might qualify but you’ll get better rates with scores over 660.  Just make sure to assess your options before borrowing.


Overall, Symple Lending is a viable option if you need a quick personal loan or business loan. Just make sure to assess interest rates and fees carefully when comparing lenders.

Their fully online process provides convenience but can lack a human touch if issues arise. Applicants with great credit will get the best deals on Symple. Weigh the pros and cons carefully for your situation before applying.



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