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How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Fiona Personal Loan Review

Content was accurate at the time of publication.

Starting at 5.99%

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Our verdict
Fiona could be best if you’re looking for a free service to help you shop for loans. Fiona is a loan marketplace — it partners with a network of lenders but isn’t a lender itself, so you’ll need to prequalify for more loan details.

Personal loan rating: 3.9/5

+

Accessibility: 4.3/5
Rates and terms: 3.8/5
Repayment experience: 3.5/5

  • 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. 

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.

ProsCons

 Can qualify with bad credit

 Partners with lenders that offer secured loans

 Can shop with multiple lenders at once

 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 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. 

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.

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.

How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
LenderFionaUpstartLightStream
LendingTree’s rating3.9/54.5/54.1/5
Minimum credit scoreNot specified300Not specified
APRsStarting at 5.99%6.70% - 35.99%6.49% - 25.14% (with autopay)
Loan amountsNot specified$1,000 - $75,000$5,000 - $100,000
Repayment termsNot specified36 or 60 months24 to 84 months

Loan Term Disclosure

Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $25,000 loan at 6.49% APR with a term of 3 years would result in 36 monthly payments of $766.11. © 2024 Truist Financial Corporation. Truist, LightStream and the LightStream logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.

Origination fee1.00% - 6.00%0.00% - 12.00%None
Funding timelineNot specifiedReceive funds as soon as one business dayReceive funds as soon as the same day
Bottom lineFiona 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. 

To come up with our star rating for personal loan companies, LendingTree considered 22 data points across three categories:

  • Accessibility: We paid attention to whether lenders offered loans to nontraditional borrowers, as well as those without excellent credit scores. We also checked if lenders offered soft credit pulls, and whether they were transparent about eligibility criteria other than credit scores.
  • Rates and terms: We wanted to know if lender rates, terms, amounts and fees were not only transparent, but competitive.
  • Repayment experience: We based this category on lenders’ reputations, customer support availability and unique benefits.

The data points reflect every step of the process to shop and apply for, borrow and repay personal loans. A five-star lender, for instance, has flexible eligibility requirements, offers you the chance to prequalify without commitment and supports you in zeroing your balance.

The 22 data points, culled from the lenders themselves, determine the overall rating. We score lenders consistently, sometimes awarding partial points, so that you can make apples-to-apples comparisons when shopping around.

LendingTree isn’t paid for conducting these reviews, and lenders don’t have control over their content. With our reviews and ratings, we aim to give our users the objective and exhaustive information they need to make the best possible decisions.

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.