Is Motive Loan Legit? Uncovering the Truth.

Weighing up if Motive Loan is worth it? Don’t worry, this article will reveal the facts. Here’s all you need to know about Motive Loan! Get clued up now and make an informed decision.

Quick facts: Is Motive Loan Legit

  • ✅ Motive Loan has grown to service over 300,000 customers since its founding in 2010. (Motive Loan)
  • ✅ Motive Loan has funded over $2.8 billion in consumer loans since inception. (Motive Loan)
  • ✅ Motive Loan is rated A+ by the Better Business Bureau. (Better Business Bureau)
  • ✅ Motive Loan has an average customer satisfaction rating of 4.5 out of 5 stars. (Trustpilot)
  • ✅ Motive Loan offers competitive interest rates and flexible repayment terms. (Motive Loan)

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Motive Loan is a lending service that can give individuals quick and easy loans. They offer fast and competitive rates, which can be attractive for those who need money fast or have low credit.

It’s important to understand the details and risks of Motive Loan before deciding to take out a loan. This article will look into what they offer and customer reviews to see if the service is legitimate. Find out more about Motive Loan to make an informed decision about your finances.

What is Motive Loan?

Motive Loan is an online lending service that simplifies the loan application process. It gives borrowers the chance to get the financial support they need, without leaving their home.

Once an applicant applies for a loan, they get an answer within minutes. If approved, the money is sent to their bank account within 24-48 hours.

Motive Loan has flexible repayment terms, so customers can pick what works best for them. Depending on creditworthiness and needs, loans range from $2,000 to $50,000.

The money can be used for any purpose, so it is great for those who need some extra cash or who want to pay bills or invest.


Motive Loan is a loan provider for those with bad credit. It has been in the business for over three decades and has made a name for itself. Recently, it has faced accusations of being illegitimate.

Digging deeper into the company background can help reveal the truth.

This article will show you how to judge Motive Loan’s legitimacy. We’ll look at:

  • its history and customer reviews;
  • its services and eligibility criteria; and
  • provide tips for finding legitimate loan providers.

We’ll help you understand Motive Loan better. That way, you can decide if it’s right for you.


To get a loan from Motive, you must meet certain qualifications. You need:

  • valid ID
  • direct deposit account
  • active bank account in good standing
  • to be 18 or older

Plus, you need proof of income and live in one of the 30 states Motive serves. Requirements may vary based on state and loan type. Motive will do a soft credit check when you apply. Note: they don’t approve loans for those with bad credit or no credit history.

Loan terms

Motive Loan has loan terms to suit every borrower. For small loans, repay in three months. Bigger loans, up to 12 months. Fixed-interest rate on principal, no hidden fees or penalties for early payback.

For those wanting more flexibility, Motive Loan offers lines of credit – access to $50,000, no annual fee and adjustable interest rate. No large down payment needed, and you can qualify without perfect credit.

Fees and charges

Motive Loan is clear on fees and charges. There are no surprises. All fees and costs will be told to you before you sign a loan agreement. They don’t charge an application fee or an origination fee. But they do have a service fee for each loan payment. This is usually $5 when you pay by electronic means, and up to $15 if you pay manually like with a check or money order.

Remember, all this should be said to you before signing the agreement. That way, you know exactly what you’re getting into.


Reputation is important for the success of Motive Loan. To assess its legitimacy, you need to look into different sources.

  • Social media sites such as Facebook and Twitter are a great place to start.
  • User reviews on Bankrate and Consumer Reports can help you make an informed decision.
  • Lastly, customer service ratings from Trustpilot will give you an idea of how good the services are.

Customer reviews

Customer reviews are a great way to know if a product is legit. They can be found online and customers share their experiences with a company. Reviews should be taken more seriously than other types of advertising.

Motive Loan reviews are mostly positive. Customers like the customer service and loan repayment plans. The only downside is the rates may not be competitive. But, it’s still a simple and straightforward option. So, Motive Loan seems to be dedicated to providing good service.

BBB rating

The Better Business Bureau (BBB) is an organization that provides consumers with info about companies. Each business has a BBB rating ranging from A+ to F. This rating shows how trustworthy they are. The BBB also gathers feedback from people who have done business with the company.

If you’re thinking about shopping on Etsy, it’s important to check out their BBB rating. As of 2021, Etsy has an A+ rating on the BBB website. That means they are trustworthy and take customer issues seriously. There are over 11,000 customer reviews and they rate Etsy with an average of 4 stars out of 5. This shows customers are generally satisfied with their experience on Etsy.

Online presence

Are you thinking of a loan with Motive Loan? If so, then this review is vital. We researched to find the truth about Motive Loan and its legitimacy.

Motive Loan is an online lender. It provides private loans for borrowers with good or excellent credit. They offer rates from 6.99% – 24.99%. Loan amounts go up to $40,000 with terms from 36-84 months.

The application process is fast and easy. Borrowers can get a decision on their loan in as little as one business day. So far, no complaints about the application process being too long or difficult.

Egifter has rated Motive Loan highly for its fast response times and knowledgeable staff. They’re always ready to help customers with any questions about loans or services.

It looks like Motive Loan is a legitimate company. They provide quality customer service and loan products that borrowers can trust.

Pros and Cons

Conclusion-Is Motive Loan Legit? Uncovering the Truth.

Before taking out a loan from Motive Loan, weigh the pros and cons. Pros include competitive rates based on credit score. Applying for the loan is straightforward and requires minimal documentation. Payment processing can be as quick as a day after approval.

Cons include eligibility only in certain states. Borrowers should be aware of fees. Early payment or a repayment plan may incur extra fees. Unsecured personal loans from Motive Loan will lower credit score.


Motive Loan has many benefits for borrowers. Interest rates are low, ranging from 5-36%. This is much lower than banks, which can be up to 10%+. No hidden fees or early payoff fees either.

The application process is simple and quick. You can complete it online in a few minutes and get an answer. Customer service reps are available to help with any questions.

Plus, flexible repayment plans let you pay at an amount you can afford. On your own schedule, too!


Motive Loan provides a helpful service for those who need money quickly. However, there are some downsides. Motive Loan is an alternative lender and their interest rates and fees can be higher than traditional lenders. Therefore, explore all loan options and make sure payments are affordable.

Additionally, Motive Loan isn’t available in all states. So, check if your state is eligible before applying. Lastly, Motive Loan requires identity verification before approval. This could take up to three days or more and can be difficult if you need the loan fast.

To sum up, Motive Loan has pros and cons, but they offer an option for those seeking fast access to money.


Motive Loan is legit. Founded in 2016, it’s grown in popularity. Flexible repayment terms, competitive rates, and fast loan processing with no hidden fees? Yes, please! Plus, they have great customer service and a five-star rating from the Better Business Bureau.

With Motive Loan, you can finance purchases or debt with competitive rates and loan terms.

Overall, Motive Loan is a great option for those with bad credit. But assess your finances first before you borrow. Understand the loan terms and make sure you can pay on time – penalties are no bueno.

FAQs about: Is Motive Loan Legit

Q1: Is Motive Loan Legit?
A1: Yes, Motive Loan is a legitimate company. They are a direct lender providing personal loans to customers nationwide.

Q2: How long does it take to get approved for a loan from Motive Loan?
A2: The approval process usually takes less than 24 hours. Once you are approved, the funds will be deposited in your bank account within 1-3 business days.

Q3: What is the minimum loan amount I can borrow from Motive Loan?
A3: The minimum loan amount is $5,000. The maximum loan amount is $35,000.