Jenius Bank Personal Loan Review
- APR
- 9.49% – 23.49%
- Eligibility and access: 4.5/5
- Cost to borrow: 5/5
- Loan terms and options: 4.2/5
- Repayment support and tools: 3/5
Jenius Bank loans come with good rates, fast funding and no fees. Here’s what you need to know about getting a loan with Jenius.
- No fees: Jenius Bank doesn’t charge fees of any kind — an unusual (and budget-friendly) perk. Lenders commonly charge mandatory upfront origination fees and late fees for missed payments, which can make your loan more expensive.
- Fast funding: Jenius will send you your money as soon as the next business day. Though a handful of lenders offer faster loan funding than Jenius, its loans are still on the fast end of the spectrum. Getting your loan money can take up to five business days with other lenders.
- Solid rates: You’ll find lower starting rates with some of the best personal loan lenders, but Jenius’ starting rates are only a few percentage points higher than the lowest rates on the market. Plus, its maximum interest rates are competitive, especially compared to the nearly 36% maximums that many lenders charge. This means you could get competitive rates with Jenius, even if you just barely qualify.
- Rate discount: Jenius shaves 0.25% off your interest rate when you sign up for autopay, which will save you money over the course of your loan.
- Can’t apply on Jenius Bank website: As of publication, you can’t apply for a loan directly with Jenius. You’ll need to complete a form on LendingTree or Intuit Credit Karma, and while you’ll get offers if you qualify, they won’t necessarily be from Jenius.
- Best for borrowers with good credit who want to avoid fees: If you have good credit and want to skip common loan fees, it’s worth your time to use the LendingTree marketplace to see if you qualify for a Jenius loan.
Jenius Bank pros and cons
Jenius Bank loans come with perks like no fees and quick funding, but its loans aren’t available to everyone. Here’s what you need to know.
Pros
- No fees
- Next-day funding possible
- 0.25% rate discount for using autopay
- Check rates without impacting credit
Cons
- Can’t apply with another person
- Need good credit to qualify
- Borrowers with excellent credit can likely get lower rates with another lender
Jenius stands out in the personal loan marketplace by not charging any fees. There are several lenders that don’t charge origination fees, but it’s rare for lenders to skip fees altogether. Many charge late fees or administrative fees. Of Jenius’ competitors, LightStream is one of the only other lenders that is truly fee-free.
However, Jenius loans are best for good-credit borrowers who can take advantage of their solid rates and lack of fees. You won’t qualify for a Jenius loan with fair or bad credit, and if you have excellent credit, you can find lower starting rates with other lenders.
Jenius Bank requirements
Outside of a minimum credit score of 680, Jenius Bank doesn’t specify its personal loan requirements.
When deciding whether to offer you a loan, lenders typically consider your credit history — how long you’ve had credit and whether you usually make payments on time — along with your credit score and debt-to-income ratio.
If you meet the basic credit score requirements listed above, you may need to disclose how you plan to use your personal loan. While Jenius Bank does allow borrowers to use its funding for a variety of purposes, there are certain expenses you cannot put the money toward.
| Jenius Bank loans CAN be used for… | Jenius Bank loans CANNOT be used for… |
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If Jenius Bank’s loan options won’t work for your borrowing needs, be sure to shop around for a lender that helps you meet your financial goals and can offer you the best-fitting rates, terms and amounts.
How to get a personal loan with Jenius Bank
- Check your rates. The first step to getting a loan with Jenius is to check your rates using the LendingTree marketplace. You’ll answer a few questions about yourself and the money you need. If you qualify, we’ll send you offers from up to five lenders, which may include Jenius. Note that, unlike other lenders, Jenius doesn’t allow you to apply directly on its website.
- Submit your application. If you like what you see, you’ll need to submit additional information to Jenius in a formal application. Jenius will pull your credit to check your credit history and send you your final loan offer if you qualify.
- Get your money. After you approve your offer and sign your loan agreement, Jenius will send you your money as soon as the next business day.
How Jenius Bank compares to other personal loan companies
Even if you believe Jenius Bank aligns with what you’re looking for in a personal loan, it never hurts to shop around and compare other lenders. Here’s how Jenius stacks up against similar personal loan lenders.
| Lender | Jenius Bank | Prosper | Discover |
|---|---|---|---|
| LendingTree’s rating | 4.4/5 | 4.5/5 | 4.6/5 |
| Minimum credit score | 680 | 560 | 720 |
| APRs | 9.49% – 23.49% (with autopay) | 8.99% – 35.99% | 7.99% – 24.99% |
| Loan amounts | $5,000 – $50,000 | $2,000 – $50,000 | $2,500 – $40,000 |
| Repayment terms | 36 to 72 months | 24 to 60 months | 36 to 84 months |
| Origination fee | None | 1.00% – 9.99% | None |
| Funding timeline | Get money as soon as the next business day | Get money as soon as the next business day | May receive funds as soon as the next business day |
| Bottom line | Jenius stands out from similar lenders by not charging any origination or late fees. However, its starting rates are on the high end and you’ll need good credit to qualify. | Prosper offers loans for bad credit and has competitive starting rates for borrowers with strong credit. You will need to pay upfront origination fees, though, and you can only stretch your payments out across 60 months. | If you’re looking for a loan with longer repayment terms and repayment assistance options, Discover may be a good fit. However, you’ll need at least a good credit score to qualify. |
How we rated Jenius Bank
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
Jenius Bank doesn’t charge fees of any kind, including origination fees.
There is no one best bank for personal loans. The best bank loan for you is the one that’ll give you the lowest rates with affordable monthly payments — the only way to know which bank will give you the best rates is to shop around for a bank loan.
You should also consider credit union loans. Like banks, credit unions tend to charge fewer fees, and federal credit unions cap their rates at 18.00% by law — half of the almost 36% max that many other lenders charge.
Jenius is a legitimate lender. As of publication, Jenius Bank reviews from LendingTree users are overwhelmingly positive, with 99% recommending the lender.
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