MaxLend Review

MaxLend is a direct lender whose services are limited to installment loans. It is a members of the Online Lenders Alliance (OLA) which supports the review and establishment of best practice standards in money lending industry. That means you can rely on this lender. Many people prefer installment loans over payday loans as it gives a bit more time to pay back the money. Therefore, MaxLend is projecting its service as a better alternative to payday loans from other lenders.

Service profile:

At the moment one can only apply for an installment loan at MaxLend portal. The loan amount can be returned in several payments with interest. The loan features are determined on the basis of periodicity of the income of the applicants. For example, if you get salary once a month, you pay once in a month. Similarly, if you get salary twice a month, you pay twice.

Loan Application Information

Terms of Repayment:

The term of repayment is usually 6 months with installment loans from MaxLend. For late payment, one is charged with additional fees and penalties. On the other hand, if you are completely paying off the loan before due date, you don’t have to pay any additional pre-payment fee- which would actually help you save some money. In order to change your payment plan, you could approach their customer service unit.

On MaxLend website, one gets every information about their product and services. If you are a member, then you definitely have the advantage of being on top of the priority list. However, they are reachable through phone and email to help you with every information you need. CustomerService@MaxLend.com is their dedicated email id for all kinds of queries related to installment loans or membership.