We Give Loans Review
Good for: Being Connected to a Loan Provider
We Give Loans Overview
We Give Loans is a loan finding service that helps borrowers find the right loan to serve their needs. We Give Loans specializes in finding the right lender for personal loans, bad credit loans, and small business loans. This allows you to get the money you need to solve a pressing financial emergency or finally achieve your dream of owning your own business. You can also use your personal loan to consolidate debts and have just one monthly payment (and interest rate) rather than several.
Loans like the ones sourced through We Give Loans allow you to get the money you need even if you don’t have good credit. Their lending network reaches dozens of loan providers that are waiting on applications just like yours even if you have bad credit. They’ll connect you with the right lender so you can get the money you need as quickly as possible.
Services Provided
We Give Loans specializes in connecting borrowers with personal loan and small business loan lenders.
Small Business Loans
If you’re planning on starting your own business, having a small business loan can make the difference between success and failure. There’s something to be said about building something from nothing, but if you can get a headstart, why not take it? We Give Loans sources small business loans from $2,000 all the way to $500,000+ so whether you want to open a bakery or an ecommerce retail shop, you can source the funding you need.
Bad Credit Loans
No one’s credit is perfect. Life has its way of throwing hurdle after hurdle at you to where sometimes bills have to go unpaid or you miss a payment on your car loan or mortgage. Things happen and while it affects your credit, it shouldn’t keep you from getting money when you need it. We Give Loans connects you with lenders to get approved for a bad credit loan to help you get back on top of your finances rather than being buried beneath them.
Personal Loans
Sometimes you need a little help to get out of a financial hole or afford a wedding ring for that special someone. We Give Loans connects you with lenders to source a personal loan between $1,000 and $35,000
Loan Process
The application process for We Give Loans is actually rather simple. All you need to do is complete their secure online form with the information below and you’ll receive an approval decision with offers from numerous lenders. From there, you’ll choose which loan provider you want to go with and depending on their deposit method, it can be deposited straight into your bank account or you can pick up a check from one of their closest locations.
Loan Application Requirements
- Government Issued ID
- Social Security Card
- Proof of Residence
- Proof of Income (Most recent pay stubs & over $1,000 / month)
- Recent Tax Return
- Bank Account & Routing Number
We Give Loans Loan Details and Statistics
| Loan Amount | $500 - $35,000 |
| Loan Duration | 6 - 72 months |
| Collateral Needed? | No |
| Interest Rates | 12 - 450% |
| Minimum Credit Score | 650 |
| Approval Time | 2 - 4 minutes |
| Loan Deposit Time | 1 - 3 business days |
| Late Fees | N/A |
| Insufficient Funds Fees | N/A |
How to Apply
The only way to currently apply to We Give Loans is via their online form on their respective loan pages. From there, you’ll have your approval decision and list of potential lenders within a few minutes.
We Give Loans Review
One thing to get clear right off the bat is that We Give Loans is a loan finder and not a loan provider or loan broker. While it looks like they offer numerous loan options for all types of credit, they are simply the middleman between you and whichever loan provider approves your loan. They’ve taken great strides to not come out and explicitly say it, but they pair prospective borrowers with potential lenders.
While this may not sound like a big deal, there are always extra fees whenever there’s a middleman involved. Otherwise, it wouldn’t be profitable and there wouldn’t be a use for a middleman. Whether it’s an upfront fee or a fee worked into your loan down the line, the borrower will always shoulder that burden.
We’re a firm believer in cutting out the middleman. It’s an antiquated business practice that serves no one except the middleman. As you can imagine, we’re not a fan of We Give Loans specifically for this reason. While they may send your information to numerous lenders, it isn’t anything that you can’t do yourself. We’re also not a fan of not being in control of who gets our personal information. While it may be convenient, privacy and security should always be a top concern when applying for loans. It’s always better to be safe than sorry.
On top of that, their loans aren’t as competitive as other lenders we’ve reviewed. While they do offer loans from $500 - $35,000, which is the largest range so far, they have a higher than average minimum credit rating to qualify, their interest rates are among the highest we’ve seen, and it takes up to 3 business days to have your loan deposited into your account.
Is We Give Loans Good for You?
That depends on your feelings about middlemen. We’ve already made our stance clear, but if you don’t have the same qualms, you can have numerous loan offers sent to you from a single loan application which will save you some time. However, these offers may not be as competitive and may take longer to be deposited into your account than ones from other lenders.
That being said, they have some of the most generous loan offers with loans up to $35,000 that can be paid back up to 72 months after being issued. This still isn’t enough to make us give We Give Loans a positive recommendation. There are other (actual) loan providers with lower interest rates, terms, and aren’t middlemen. We suggest you look elsewhere first.
