Personal loan applications lend calm in new ranking



Short and straight to the point. This is how we like to keep it here, and the latest PYMNTS provider ranking of personal loan applications reflects this philosophy with near perfection.

Should we say it another way – this ranking is short just seven apps, at the moment. Given the pace of innovation in personal loans, this ranking could grow. For now, let’s catch up with the current squad of gamers with loan apps that manage to make borrowing more… appetizing.

The Top 5

A rivalry is forming at the top of the ranking of personal loan app providers, with the MoneyLion app taking over the No.1 from the SoFi app, dropping a position in the ranking to No.2.

The two companies have traded this position in recent times and remain at the top of the charts.

Ranked third is LendingTree again after recently investing $ 80 million in banking and investment services and the Stash app.

Peak forward likes it at No. 4 this time, while India’s PaySense app grabs No. 5 on the heels of its recent investment by Netherlands Fintech PayU.

This closes the Top 5.

The Top 10

From there, it’s a cinch because, as we said, the ranking of personal loan app providers currently only has seven apps. The High seven, in fact. And here are the last two to be traced.

The Upgrade consumer credit platform remains at # 6 with its assortment of useful features.

Now like last month, at n ° 7, it’s Flexwage, which now works with Fiserv on disbursements.

Thus ends this edition of the ranking of providers of personal loan applications.

——————————

NEW PYMNTS DATA: 2021 HOLIDAY SHOPPING OUTLOOK

On: It’s almost time for the holiday shopping season, and nearly 90% of American consumers plan to do at least some of their purchases online, up 13% from 2020. The 2021 Holiday Shopping Outlook, PYMNTS surveyed over 3,600 consumers to find out more about what drives online sales this holiday season and the impact of product availability and personalized rewards on merchant preferences.


Previous Top 5 Reasons Your Home Loan Application May Be Rejected
Next Kotak Mahindra Bank wants to be a challenger in the mortgage market and keeps interest rate low