ExtraLend Review – Loan types and Interest rates

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Extralend is among the most well-known referral services for payday loans in the United States. It has been around since 2002 and links borrowers with potential lenders.

They are a referral service for payday loans, so you borrow money from a lender they connect you to. The application process is relatively straightforward, and decisions are typically rendered within minutes.

ExtraLend has been in operation for almost a decade, offering reasonable terms from a variety of lenders.

In this review, you will learn more about this service, including its ratings, terms, and other details.

About ExtraLend

ExtraLend is headquartered in Oakland, California, United States. Since 2005, it has been giving personal loans, and it is now pleased to have built a huge network of over 300 lenders that allows its customers to get the best rates.

Their service can be ordered online, over the phone, or in person at their offices, which are open Monday through Friday from 9 a.m. to 6 p.m.

You can contact ExtraLend via phone or email.

What Service Do They Provide?

Extralend.com provides payday loans, one of the most popular sorts of available loans. In addition, they also offer installment loans and personal loans. This allows you a great deal of choice in selecting the best loan for your circumstances.

The company provides the following terms:

Personal loans ranging between $200 and $3,000 are available;
If you are authorized, you will receive the funds on the same or following business day.
The APR may range from 200% to 1350% depending on where you live.
Depending on the lender, there may be additional fees, but you will be told of them before to signing the agreement;
Additionally, penalties vary on your location and your lender. However, you should be prepared to pay fines ranging from $20 to $40 for late payments.
If it is required by your lender, you may need to fax certain documents.


  • NAME: ExtraLend
  • Address: 1041 Fourth Avenue, Suite 302, Oakland, California 94606
  • Minimum Loan amount – $100
  • Maximum Loan amount: $3000
  • Security Type: Unsecured loan
  • Type of loans: Personal, Installment, Payday, and Cash Advance
  • Loan terms: Varies by lender
  • Requirements: 18 years or older, US citizenship, lawful employment, bank account
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Why should I use ExtraLend?

With ExtraLend, Your personal and financial information is kept safe and secure at all times.
Even if you have filled out the online form and got an offer from one of the collaborating lenders, you are not required to accept the offer if it does not meet your needs.

Ratings & Client Evaluations

ExtraLend has a Trustpilot rating of 6.6 out of 10 based on the opinions of over 40 customers.

Only one review over the past few months has given the company a 1 out of 5 for spam complaints.

The company’s rating on 10bestpersonalloans.com is 4.7 out of 5, and it is regarded as the second-best service provider out of six loan providers.

There are no reviews of this business available on the BBB’s website.

Is ExtraLend legit?

ExtraLend is a legitimate and respectable loan-connecting company. With 256-bit SSL data encryption, you can be assured that your information will be kept private and secure.

However, there are reports that they charge exorbitant rates for their services. In addition, they do not always connect borrowers with the best lenders, which can result in a great deal of aggravation on the borrower’s part.

but, it is important to note that they also have some positive evaluations. Therefore, if you are familiar with the website and the prices are acceptable, it may be a viable alternative for you. Just make sure you read the reviews thoroughly before deciding.

What are the eligibility conditions for ExtraLend?

To approve you for a Personal Loan, ExtraLend.com and its partners require essentially the same things:

Minimum age of 18 years old.
A resident of the United States having a valid bank account.
At least 90 days of employment with the same employer.
A legitimate phone number.
What is ExtraLend operation?

ExtraLend can connect you with direct online lenders who provide Installment Loans of up to $3000. The application is straightforward and takes only a few minutes to complete.

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After submitting a form, you are connected with a lender, and if you qualify, you receive the funds within 1 to 2 days.

Interest rates and Schedule of Repayment

Inflation rates

Extralend.com has an approximate 36% interest rate. This is considerably more than most other referral services for payday loans, so be sure to compare rates before applying.

Payback Schedule

Additionally, the repayment plan at Extralend.com is far lengthier than most other providers. The loan must be repaid over a period of 12 months, which can be challenging if you have a limited budget.


How much am I able to borrow from Extralend.com?

Extralend.com provides loans of up to $1000. This is less than some other services, so check your options before applying.

Can I obtain a loan with terrible credit?

Extralend.com does not specify whether they offer loans to individuals with poor credit. Since they connect consumers with lenders, it is possible that you will be able to obtain a loan despite your poor credit.

Is Extralend secure and trustworthy?

Extralend.com is a reputable business with a lengthy history. They are one of the few referral businesses for payday loans that also offer installment loans, giving them an advantage over competitors.

Does Extralend have any hidden fees?

Before signing for a loan, be sure to read the fine print, since there may be hidden expenses you are unaware of. Also, before applying, ensure you are okay with the interest rate and repayment timeline.

Can I obtain a loan if I am not an American citizen?

Extralend.com does not expressly state whether or not it provides loans to non-U.S. nationals.

Am I eligible for a loan if I am self-employed?

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Extralend.com does not specify whether or not they give loans to self-employed individuals.

Which states does Extralend currently serve?

Extralend is available in the following states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, Wyoming

Does Extralend function as a direct lender?

Extralend is not a lender directly. They connect borrowers and lenders, so you may be eligible for a loan.


Extralend.com’s customer service team is available around-the-clock. They can be reached by phone and are always willing to assist.

How many years has Extralend been in operation?

Since 2007, Extralend has been in business. They are one of the oldest referral businesses for payday loans available.

Is Extralend a scam?

Extralend is legitimate. They are a genuine business with a lengthy history of providing referral services for payday loans.


Extralend.com is a legitimate business with a long history of offering referral services for payday loans.

The service is really convenient, and there are multiple options to apply for a loan, including an online application form.

Customers may find the finest loan terms in a matter of minutes, thanks to the lender’s broad network.

Their terms mostly vary on the lender and the borrower’s circumstances, although the highest APR that can be offered is quite high.

There aren’t many clients that have rated the service with merely one star across multiple websites.

However, their interest rates are considerably higher than those of the majority of other businesses, so you should compare prices before applying. Additionally, their payback plan is somewhat lengthier than that of most other providers, so be sure to factor this into your decision.

Overall, ExtraLend.com might be suggested if you require a loan of up to $3,000.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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