AmOne Personal Loans Review – Get Funding Fast
Joy Wallet is advertiser-supported: we may earn compensation from the products and offers mentioned in this article. However, any expressed opinions are our own and aren't influenced by compensation. To read our full disclosure, click here.
Many people today face financial challenges that make managing their finances increasingly difficult. Economic uncertainty, fluctuating job market, and unexpected expenses can strain budgets and leave people searching for solutions to alleviate financial stress. In times like this, the right personal loan can make all the difference.
Personal loans offer flexibility and can be used for various purposes, including debt consolidation, covering emergency expenses, making home improvements, or even starting a small business. They provide quick access to funds without collateral, making them an attractive option for individuals seeking financial relief.
This is where AmONE, a loan marketplace, comes into play. It connects borrowers with a network of reputable lenders, offering a streamlined and efficient process for finding the right personal loan.
In this AmONE personal loans review, we’ll touch on everything you need to know about this company.
Jump To
What is AmONE?
AmONE is a financial product marketplace that connects borrowers with lenders. In credit card debt? Here’s a sampling of its offerings:
- Personal Loans
- Unsecured Loans
- Auto Loans
- Home Renovation Loans
- Medical / Dental Loans
For individuals struggling with multiple debts, like credit card debt, AmONE offers debt consolidation loans to simplify repayments. Its proprietary matching system identifies potential loan options and other financial solutions, assisting individuals needing loans, quick access to funds, financial guidance, debt consolidation, credit repair, and more. Navigating the loan process is seamless with AmONE's platform.
Since its establishment in 1999, AmONE has been committed to streamlining borrowing efforts and centralizing financial solution options for users. Owned and operated by QuinStreet Inc., AmONE continues to leverage user feedback and experiences to enhance its services and empower consumers to manage their finances effectively. AmONE's extensive network includes many reputable loan providers, ensuring borrowers can access competitive loan offers.
Even individuals with poor credit can benefit from AmONE's services as the platform connects borrowers with lenders specializing in bad credit loans.
The maximum loan amount an individual borrower can obtain through a personal loan varies depending on income and existing debts. Typically, personal loans are available for up to $50,000, but some borrowers may qualify for higher amounts, up to $100,000. While loans of this magnitude are less common, a few lenders offer such high loan limits.
AmONE is not accredited by the Better Business Bureau (BBB). However, on TrustPilot, the company boasts a 4.5-star rating, with 79% of users rating it 5 stars.
AmONE says it typically retains personal information for 30 to 180 days. Additionally, it maintains an archived copy of this data for six years, as mandated or permitted by law for legal and compliance purposes. Consumers can refer to AmONE's privacy notice for comprehensive details regarding data handling practices.
Use AmONE to Get a Personal Loan
- If you're tight on cash right now, you may want to consider getting a personal loan. A personal loan is a loan that you can use for just about any purpose like: paying off other debt, renovating your home, or family needs like a wedding or adoption.
- With personal loan interest rates rising, now could be a great time to find a personal loan. Through our partner AmONE, you could get matched to a lender who could offer as much as a $50k loan with rates as low as 5.99% APR.
- Approval and loan terms vary based on applicant qualifications. Not all applicants will qualify for the full amount or lowest available rates. It takes minutes to see your results. And don't worry- filling out the form won't hurt your credit score and is free, so why not give it a try?
How Do AmOne personal loans work?
As noted, AmONE is a marketplace that connects users looking to secure some fast cash with lenders.
Curious about how AmONE works? AmONE's process for obtaining a personal loan is straightforward and efficient:
- Fill out a simple online form. Provide your basic information to help tailor loan options according to your unique financial situation.
- Get matched to lending partners. Receive offers, including rates and terms, from multiple lenders within AmONE's trusted network. As a matching service, AmONE efficiently connects borrowers with suitable lenders based on their financial profiles.
- Compare and choose. Evaluate the prequalified offers to select the loan that best suits your needs and apply accordingly. Borrowers can choose from the flexible repayment terms.
- Watch for assistance. Keep an eye out for a call from one of AmONE's Matching Specialists who may offer additional support during your search.
AmONE features
Here are some of AmONE’s top features.
Service fee
AmONE distinguishes itself by offering its services to consumers completely free of charge. That’s right — using their services doesn’t cost you a dime.
Unlike some platforms that may impose hidden fees or upfront costs, AmONE is transparent about its fee structure. Additionally, AmONE's lender partners disclose any applicable fees upfront, ensuring that consumers are fully aware of the financial obligations associated with their loans.
It's important to note that consumers will only encounter customary fees related to loan acquisition once their loan application is approved through one of AmONE's partners.
Credit score check
AmONE takes a consumer-friendly approach when assessing creditworthiness by performing only a "soft credit pull." Consumers can explore various credit offers and view interest rates without triggering a hard inquiry on their credit report.
This distinction is crucial as hard inquiries can lower an individual's credit score. By leveraging soft credit pulls, AmONE empowers consumers to make informed decisions about their financial options without fearing negatively impacting their credit profile. Furthermore, AmONE's expertise in catering to individuals across the credit score spectrum ensures everyone can access suitable loan options tailored to their specific needs and circumstances.
Impact on credit
One of the primary concerns for consumers when exploring financial options is the potential impact on their credit score. AmONE addresses this concern by clarifying that while utilizing its services does not harm one's credit, the loan application process with a lender may involve a "hard credit pull."
This action typically results in a temporary decrease in the individual's credit score. However, AmONE emphasizes the importance of its role in mitigating this impact by connecting consumers with the most suitable lenders based on their unique financial situation. By doing so, AmONE helps consumers avoid the detrimental effects of multiple hard credit inquiries, safeguarding their creditworthiness.
Additionally, AmONE's data retention practices ensure that consumer information is securely stored and utilized only to facilitate connections with lender partners.
Live support
While other companies rely on automated systems such as FAQs and chatbots to address customer inquiries, AmONE offers a more personalized approach to customer support. Instead of directing users to pre-programmed responses or self-service options, AmONE provides live support staffed by real people in the United States.
This commitment to human interaction underscores AmONE's dedication to providing a superior customer experience. By offering access to knowledgeable matching specialists who can answer questions and address concerns in real-time, AmONE ensures that users receive personalized assistance tailored to their needs.
Whether you require clarification on the loan application process, guidance on document requirements, or assistance in understanding loan terms and conditions, AmONE's live support team is readily available.
Use AmONE to Get a Personal Loan
- If you're tight on cash right now, you may want to consider getting a personal loan. A personal loan is a loan that you can use for just about any purpose like: paying off other debt, renovating your home, or family needs like a wedding or adoption.
- With personal loan interest rates rising, now could be a great time to find a personal loan. Through our partner AmONE, you could get matched to a lender who could offer as much as a $50k loan with rates as low as 5.99% APR.
- Approval and loan terms vary based on applicant qualifications. Not all applicants will qualify for the full amount or lowest available rates. It takes minutes to see your results. And don't worry- filling out the form won't hurt your credit score and is free, so why not give it a try?
How to Prepare for AmONE Personal Loans?
Before initiating the personal loan application process, gathering some key documents is important.
Here's a list of the documents you should have at the ready:
- Proof of identity. Lenders typically require a valid form of identification to verify your identity. This could be a driver’s license, passport, or government-issued ID card. Ensuring that your identification is up-to-date and matches the information provided in your loan application is crucial for a smooth approval process.
- Proof of income. Demonstrating a stable source of income is fundamental to securing a personal loan. For employed individuals, providing recent W2 statements or pay stubs can indicate consistent earnings. These documents offer lenders insight into your ability to repay the loan based on your income level. If you're self-employed or have additional sources of income, such as rental properties or investments, you may need to provide additional documentation, such as profit and loss statements or 1099 forms.
- Bank statements. Lenders often request recent bank statements to assess your financial health and verify your assets and liabilities. Bank statements provide a detailed overview of your spending habits, existing debts, and account balances. Reviewing these statements beforehand can help you identify any discrepancies or irregularities that need to be addressed before applying for a loan.
- Tax returns (if self-employed). If you're self-employed or earn income through freelance work, gig economy platforms, or consulting services, you'll likely need to provide copies of your tax returns as proof of income. Tax returns offer comprehensive documentation of your earnings, deductions, and financial standing. Lenders may request multiple years of tax returns to evaluate your income stability and assess your eligibility for a loan.
While most lenders require these documents, specific documentation requirements may vary depending on the lender's policies and the type of loan you're applying for.
Before submitting your loan application, it's advisable to review the lender's documentation checklist or contact their customer service team to ensure you have all the necessary paperwork in order. By preparing these documents in advance, you can expedite the application process and increase the likelihood of a successful loan approval.
How much does AmONE cost?
We touched on this above, but we think this deserves another mention.
Would-be borrowers would be happy to know that AmONE operates on a no-fee model, meaning borrowers don't incur any charges for using its services.
Instead, lenders pay AmONE to join their network. This mutually beneficial arrangement allows lenders to acquire valuable leads while providing borrowers with access to a diverse range of loan options at no cost.
Use AmONE to Get a Personal Loan
- If you're tight on cash right now, you may want to consider getting a personal loan. A personal loan is a loan that you can use for just about any purpose like: paying off other debt, renovating your home, or family needs like a wedding or adoption.
- With personal loan interest rates rising, now could be a great time to find a personal loan. Through our partner AmONE, you could get matched to a lender who could offer as much as a $50k loan with rates as low as 5.99% APR.
- Approval and loan terms vary based on applicant qualifications. Not all applicants will qualify for the full amount or lowest available rates. It takes minutes to see your results. And don't worry- filling out the form won't hurt your credit score and is free, so why not give it a try?
Who are AmONE personal loans good for?
AmONE personal loans are ideal for individuals seeking quick and convenient access to funds for various purposes. They are particularly beneficial for consolidating high-interest debts into a single, more manageable payment. Additionally, individuals facing unexpected financial challenges, such as medical bills or car repairs, can rely on AmONE to provide immediate funds.
Who shouldn’t use AmONE personal loans?
Borrowers who cannot realistically afford the monthly payments or risk further financial distress should carefully consider their options before applying. Individuals with a history of defaulting on loans may face challenges in obtaining favorable loan terms through AmONE. While AmONE assists borrowers across the credit score spectrum, individuals with extremely low credit scores may struggle to secure favorable loan terms.
Use AmONE to Get a Personal Loan
- If you're tight on cash right now, you may want to consider getting a personal loan. A personal loan is a loan that you can use for just about any purpose like: paying off other debt, renovating your home, or family needs like a wedding or adoption.
- With personal loan interest rates rising, now could be a great time to find a personal loan. Through our partner AmONE, you could get matched to a lender who could offer as much as a $50k loan with rates as low as 5.99% APR.
- Approval and loan terms vary based on applicant qualifications. Not all applicants will qualify for the full amount or lowest available rates. It takes minutes to see your results. And don't worry- filling out the form won't hurt your credit score and is free, so why not give it a try?
Pros and cons
Pros
- Free service. AmONE operates on a no-fee model, meaning borrowers can access its services without incurring any charges.
- Soft credit pull. AmONE conducts soft credit pulls, allowing borrowers to explore loan options and view interest rates without impacting their credit scores, enabling informed decision-making.
- Transparent process. With AmONE, borrowers benefit from a transparent and straightforward loan application process.
- Live support. Unlike automated systems, AmONE offers live support staffed by real people based in the United States.
Cons
- Limited loan offerings. Unlike other platforms that offer a broad range of financial products and services, AmONE specializes primarily in personal loans.
- Not accredited. The company isn’t accredited by the Better Business Bureau.
AmONE vs. competitors
LendingTree
Like AmONE, LendingTree operates as a loan marketplace, connecting borrowers with a network of lenders to secure personal loans. While LendingTree offers a broad range of financial products and services, AmONE specializes in personal loans tailored to individual needs.
Both platforms streamline the loan application process by allowing users to submit their information online. However, unlike LendingTree, which offers resources like free credit scores and mortgage calculators, AmONE focuses solely on providing loan matching services.
LendingTree's acquisition of various financial brands expands its offerings beyond loans, while AmONE remains dedicated to assisting borrowers in finding suitable personal loan solutions.
Quicken Loans
Like AmOne, Quicken Loans facilitates loans, but while AmOne serves as a loan aggregator for personal loans, connecting borrowers with a network of lenders, Quicken Loans specializes in mortgage products. Quicken Loans, notably through its well-known platform Rocket Mortgage, offers a streamlined online process for home loans and refinancing, whereas AmOne focuses on helping borrowers find personal loan options best suited to their needs.
Both Quicken Loans and AmOne emphasize ease and efficiency in their application processes; however, Quicken Loans directs its efforts toward mortgage seekers, offering tools like mortgage calculators and refinancing options. In contrast, AmOne remains focused on personal loans and does not provide the same range of financial tools that Quicken Loans does for home buying and ownership.
While AmOne acts as an intermediary, facilitating borrower-lender connections without directly funding loans, Quicken Loans functions as a direct lender. This allows Quicken Loans to offer a more integrated and potentially faster loan approval and closing process, tailored specifically to mortgages.
FAQs
What is AmONE?
AmONE is a financial product marketplace that connects borrowers with lenders, offering personal loans, unsecured loans, small business loans, auto loans, emergency loans, home renovation loans, and medical/dental loans.
What types of loans can I get through AmONE?
AmONE offers various loan options, including personal loans, unsecured loans, small business loans, auto loans, emergency loans, home renovation loans, and medical/dental loans.
How does AmONE work?
AmONE utilizes a proprietary matching system to identify potential loan options and financial solutions tailored to individual needs. Users fill out a simple form, get matched with lending partners, compare offers, and choose the best option.
Is there a fee for using AmONE's services?
No, AmONE operates on a no-fee model, meaning borrowers can access its services free of charge.
How long does AmONE retain personal information?
AmONE typically retains personal information for 30 to 180 days, with an archived copy stored for six years as required by law for legal and compliance purposes.
The bottom line
AmONE is a reliable and efficient loan marketplace. It provides individuals with quick access to personalized personal loan solutions tailored to their unique financial needs.
With its no-fee model and commitment to transparency, AmONE ensures that borrowers can explore loan options without incurring additional costs. The platform's user-friendly interface and live support feature distinguish it from other automated systems, offering personalized assistance throughout the loan application process.
While AmONE may not be suitable for individuals unable to afford monthly payments or those with a history of defaulting on loans, it remains a viable option for borrowers across the credit score spectrum.
Joy Wallet is an independent publisher and comparison service, not an investment advisor, financial advisor, loan broker, insurance producer, or insurance broker. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. Joy Wallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Featured estimates are based on past market performance, and past performance is not a guarantee of future performance.
Our site doesn’t feature every company or financial product available on the market. We are compensated by our partners, which may influence which products we review and write about (and where those products appear on our site), but it in no way affects our recommendations or advice. Our editorials are grounded on independent research. Our partners cannot pay us to guarantee favorable reviews of their products or services.
We value your privacy. We work with trusted partners to provide relevant advertising based on information about your use of Joy Wallet’s and third-party websites and applications. This includes, but is not limited to, sharing information about your web browsing activities with Meta (Facebook) and Google. All of the web browsing information that is shared is anonymized. To learn more, click on our Privacy Policy link.
Writer
Jasir Jawaid is Joy Wallet's Assistant Editor. He has more than 13 years of experience as a journalist covering Wall Street, equities, financial policy and regulation, and cryptocurrency and blockchain.
Share this article
