Fiona Personal Loan Review
- APR
- Starting at 5.99%
- Eligibility and access: 5/5
- Cost to borrow: 2.7/5
- Loan terms and options: 5/5
- Repayment support and tools: 4/5
- Can compare offers: With Fiona, you only need to submit one form to get loan offers from multiple lenders.
- Competitive rates for excellent credit: Fiona partners with lenders that offer rates as low as 5.99%.
- Owned by MoneyLion: MoneyLion (another lending platform) owns Fiona.
- Offers prequalification: You can see what rates you might get without taking a hard credit pull that could ding your credit score.
- Unclear eligibility requirements: Some of Fiona’s partners work with borrowers with bad credit. However, Fiona doesn’t disclose what score you need to get a loan.
- Best for loan shopping: Fiona can help you compare offers from various lenders, but it doesn’t offer loans itself.
Fiona pros and cons
Taking out a personal loan isn’t a decision to take lightly. Have a look at Fiona’s pros and cons to see if it can help find a lender with the right features and rates for you.
Pros
- Can qualify with bad credit
- Partners with lenders that offer secured loans
- Can shop with multiple lenders at once
Cons
- Must still apply directly to lender after filling out a Fiona application
- May get lots of calls, texts and emails from partner lenders
- Doesn’t specify its highest rate
Fiona is a loan marketplace, so it shows different personal loan offers from different lenders. This makes loan details hard to pin down, since what you get depends on the partner Fiona links you with.
Fiona can make loan shopping easier by comparing multiple offers at once. But if you find a lender you like, you’ll have to apply directly with them, not Fiona.
When you shop with Fiona, you also give it permission to share your contact information with its partners.
Regulatory action against MoneyLion, Fiona’s parent company
The Consumer Protection Financial Bureau (CFPB) is suing MoneyLion, Fiona’s parent company.
The CFPB says MoneyLion broke the Military Lending Act (MLA) by overcharging servicemembers on loans. MoneyLion requested the case — originally filed in 2022 — be dismissed, but the CFPB said in early 2025 it won’t drop the suit, which is still pending.
Fiona requirements
Fiona works with dozens of lenders, each with their own personal loan requirements. Fiona says it will work with “virtually any credit score” but doesn’t specify what credit score you need for a personal loan.
Other than your score, lenders typically review your debt-to-income (DTI) ratio, payment history and other factors when you apply.
If you meet Fiona’s partners’ requirements, you may need to disclose how you plan to use your personal loan. Fiona doesn’t say what you can’t use your loan for — that’s up to the partner it connects you with.
However, Fiona does shed some light into what its partners do allow their loans to be used for. Fiona loans can be used for:
- Debt consolidation
- Home improvement
- Large purchases
- Baby and household expenses
- Special occasions
- Taxes and business expenses
- Medical and dental bills
- Household expenses
If Fiona’s loan options won’t work for your borrowing needs, be sure to shop around for a lender that can help meet your financial goals and offer the best-fitting rates, terms and amounts.
How to shop for a loan with Fiona
Because Fiona is a marketplace and not a lender, its application process is a little different from the norm. To use Fiona, you will:
1. Prequalify
First, you’ll need to prequalify for a personal loan on Fiona’s website. Here you’ll provide basic personal information like your name, date of birth and annual income. Fiona also asks for your Social Security number so it can perform a soft credit pull, which will not affect your credit score.
2. Compare your offers
Fiona uses the information that you provided to see which of its partners you’re likely to qualify for. It then sends you personal loan offers to compare if you qualify. You should also expect calls or texts from partners that are interested in lending you money.
3. Finish your application on the partner’s website
When you find your best offer, Fiona will send you to its partner lender’s website so you can apply. The information you gave Fiona may transfer over to your formal application (but not always). At this stage, the lender will likely conduct a hard credit hit.
How Fiona compares to other personal loan companies
Even if Fiona seems to align with what you’re looking for in a personal loan, it never hurts to shop around and compare. Here’s how Fiona stacks up against other places for personal loans.
| Lender | Fiona | Upstart | LightStream |
|---|---|---|---|
| LendingTree’s rating | 4.1/5 | 4.6/5 | 4.4/5 |
| Minimum credit score | Not specified | 300 | Not specified |
| APRs | Starting at 5.99% | 6.50% – 35.99% | 6.24% – 24.89% (with autopay) |
| Loan amounts | Not specified | $1,000 -$75,000 | $5,000 -$100,000 |
| Repayment terms | Not specified | 36 to 60 months | 24 to 84 months |
| Origination fee | 1.00% – 6.00% | 0.00% – 12.00% | None |
| Funding timeline | Not specified | Receive funds as soon as one business day | Receive funds as soon as the same day |
| Bottom line | Fiona is a loan marketplace that partners with a network of lenders. You’ll have to prequalify for more loan details. | Upstart is one of Fiona’s partners, but you can also apply with it directly. This loan marketplace could be useful if you have bad credit, even with a score as low as 300. | LightStream (another Fiona partner) offers large loans with no fees. It doesn’t specify its credit score requirements, but you can only qualify with good to excellent credit. |
How we rated Fiona
We evaluate personal loan lenders on more than just interest rates. Our goal is to show how accessible, affordable, transparent and supportive each lender really is.
Our categories
Every lender is scored out of 5 stars, with 5 stars being the highest rating. LendingTree loan experts determine this score using dozens of underlying data points across four weighted categories covering the full borrowing journey.
We assess how easy it is for people to qualify and apply. This includes state availability, soft-credit prequalification, membership requirements, funding speed and whether borrowers with less-than-excellent credit can get a loan.
We evaluate how affordable the loans are based on minimum and maximum APRs, loan fees and rate discounts. Lenders with unclear or potentially predatory costs receive lower scores.
We consider repayment term flexibility, loan amount ranges and whether options like secured loans, joint loans or direct-to-creditor payments are offered — plus whether the lender clearly communicates these options.
We evaluate borrower experience after funding: customer service access, hardship or forbearance programs, payment flexibility and digital tools like mobile apps or credit monitoring.
Our process
We gather data directly from lenders through their websites, disclosures and direct communication with company representatives. Our editorial team verifies and updates information regularly. We value transparency and award less favorable scores when lenders obscure or omit details.
In some cases, our editors may apply a small adjustment (no more than 4% of the overall score) to account for factors not captured by the methodology. This could include J.D. Power customer satisfaction surveys, recent regulatory actions or features that stand out in ways our rubric doesn’t measure directly.
Our editorial team applies the same scoring model and standards to every lender. Lenders cannot pay to influence our ratings.
Frequently asked questions
Yes, Fiona is a legitimate personal loan marketplace. It doesn’t offer loans itself, but instead connects you with a partner lender to handle the loan process. Many of Fiona’s partners are major players in the personal loan market, including SoFi, LightStream and Upgrade.
On the other hand, some of Fiona’s bad credit lenders might offer loans with triple-digit interest rates. Scrutinize the details before agreeing to your offer.
Fiona doesn’t say what its minimum credit score requirement is, but it does say that some of its partners work with borrowers of nearly any score.
No, Fiona does only a soft credit pull when you submit an application. If you accept one of Fiona’s offers, the lender that you formally apply to will then probably do a hard credit pull.
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