Lendmark Financial Review

Since its humble beginning in 1996, Lendmark has undergone remarkable progress through fostering its first mission in satisfying the personal financial needs of consumers who can’t be catered by traditional banks with its respective services and products. At present, with 366 branches in 19 states nationwide, Lendmark Financial still pursues growth in providing financial services to organizations, retail business affiliates, and customers through giving outstanding, innovative, consistent, and authentic services in every banking transaction they will take.

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How do Lendmark Financial auto loans work?

When you have found what you want, Lendmark will help finance. Even if you’re looking to finance a brand new or pre-owned automobile, or just want to refinance an existing vehicle loan, it promises to help you. Start shopping and find the vehicle you want and let its loan representatives know in order to assist you with lenient services, terms, rates, and options. Just click the “apply” button on its website to get started and visit the nearest branch to close the offer.

Credit score

Lendmark Financial website doesn’t stipulate the required credit score. Ask its loan officers about this through the contact details on its website.

Note: Most financial lenders are willing to offer its lowest APRs to 700 or higher credit scores.

How much can you borrow?

Its financing services are ranging from $5,000 up to $25,000.

What types of vehicles are eligible for financing?

Lendmark Financial offers financing services for motorcycles, cars, ATVs, and watercrafts.

How do I qualify?

You are required to call one of its loan officers to ask for qualifications it needs, but basically you must be 18 years old, a US citizen or permanent resident with at least one source of income.

What documents do I need?

Lendmark Financial website doesn't stipulate any specifics about the required documents, but in any case prepare:

SSN or TIN
Driver's license, state-issued ID or any government ID
Proof of employment/income
Proof of current address

What are the fees?

Lendmark Financial website doesn’t stipulate any fees regarding its auto loan process, but down

payments relative to your car’s MSRP* may apply.

*manufacturer’s suggested retail price

How long does the loan process take?

Routinely, online applications will just take a few minutes (10 to 20 minutes), and expect loan approvals within one to seven business days.

How to apply for an auto loan?

Pre-qualify online by filling up its online application form, calling its loan officers, or visit the nearest branch. Its website specifically requires any online applicant to visit the nearest branch to close an offer.

What payment methods are supported?

Pay your loans through its:

Online/digital banking services
Lendmark mobile app
In-branch payment services

Lendmark Financial Pros And Cons

Pros

Has debt consolidation program

Cons

It requires you to visit the nearest branch upon closing an offer
Doesn’t stipulate APRs and terms on its website

Is Lendmark Financial right for you?

Lendmark Financial is just like any financial lenders that will look carefully into your previous credit report whether you’re a good or high-risk borrower. It doesn’t make its APRs and terms available on its website, and it might be biased if we are to decide if this financial lender is good for you.

Anyhow, if you’re still looking for a financial lender that specializes in auto financing, try Lending Club. It accepts borrowers who have at least 510 FICO credit scores without minimum income requirement. Unlike Lendmark Financial that is only available in 19 states, Lending Club is available in 35 states. Plus, it can offer as much as $55,000 for auto loans.