MoneyLion Plus Personal Loans review: get a loan easily

MoneyLion Plus Personal Loans helps people with poor credit scores build their credit through their repayments. Read on and find out!


by Danilo Pereira

Published on 10/28/2022

MoneyLion Plus Personal Loans: easy-to-get loans for people with poor credit

moneyLion plus personal loans
Read this review and learn everything about MoneyLion Plus personal loans. Source: The Post New.

This lender offers a unique product that allows you to build credit from scratch. If you have poor credit, read our MoneyLion Plus Personal Loans review and learn about it.

moneyLion plus personal loans

Applying for MoneyLion Plus Personal Loans

This MoneyLion Plus Personal Loans application guide is going to help you get approved today and start building your credit!

With its Credit Builder Plus+ Loan, MoneyLion Plus Personal Loans offers borrowers the chance to build credit for a monthly membership fee of $19.99.

Yes, paying a fee sucks, but the lender lets you stow away some money which will earn interest until the loan has been paid off.

  • APR: Fixed 5.99% – 29.99%
  • Loan Purpose: Debt consolidation, credit card pay-offs, home improvement, large purchase, and others
  • Loan Amount: Starting at $1,000
  • Credit Needed: Poor
  • Terms: 1 to 36 months
  • Origination Fee: 0% to 6%
  • Late Fee: Up to $25
  • Early Payoff Penalty: No

How does MoneyLion Plus Personal Loans work?

MoneyLion Plus Personal Loans are especially useful for consumers with poor or even no credit at all. If you can not get approved for a traditional loan, you might want to check this one out.

In spite of paying a $19.99 monthly fee, with their Credit Builder Plus+ Loan you have access to a low APR of 5.99%.

MoneyLion reports your loan payments to of the three major credit bureaus in the United States, Transunion.

With this, you increase your credit score by 42-plus points in a short period of time. Plus, with this product you get access to free credit monitoring and reporting on a weekly basis.

This allows you to keep track of your score. In addition to that you have access to cash advances without paying interest in many instances.

All you have to do is to set up a direct deposit, and you can get a cash advance of up to $300 every pay period.

Also, depending on your creditworthiness, when you sign up you can qualify for cash advances.

Not only that. With their loyalty program called Lion’s Share you can earn rewards which are enough to cancel out your monthly membership fee.

All you have to do is sign up for and regularly use a MoneyLion Visa debit card.

By logging into the MoneyLion app every month 20 days per month and making 20 transactions of $10 at least, you can offset your monthly fee.

MoneyLion Plus Personal Loans: should you apply for it?

moneyLion plus personal loans
MoneyLion has an outstanding mobile app to help you manage your finances. Source: The Post New.

Now that you are familiar with this loan’s ins and outs how about comparing pros and cons? Our MoneyLion Plus Personal Loans review would not be complete without it.

So have a look at the list below and compare this loan’s benefits and disadvantages.



  • You can easily qualify for this loan
  • Allows you to build credit
  • Convenient app
  • No prepayment fees


  • May charge an origination fee
  • Charges a late payment fee
  • High monthly fee
  • Not available in Vermont, Nevada, Nebraska, Iowa or Indiana

What is the required credit score?

MoneyLion Plus Personal Loans are available to borrowers of all credit scores. If you have poor credit, you may still be eligible for this loan.

Learn how to apply for MoneyLion Plus Personal Loans

If MoneyLion Plus Personal Loans sound like a fit to you, you might want to take the next step and apply.

If that is the case, click the link below for our complete application guide for this loan.

moneyLion plus personal loans

Applying for MoneyLion Plus Personal Loans

This MoneyLion Plus Personal Loans application guide is going to help you get approved today and start building your credit!

About the author  /  Danilo Pereira

Danilo is a copywriter with a passion for learning. Deeply interested in philosophy, politics and arts.

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