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Motive Loan Review 2021

What’s Motive Loan?
MotiveLoan.com markets themselves as a referral service website that connects borrowers to lenders looking for small individual loans. They broadcast quick and easy loans ranging from$ 100 to$.

Motive Loan also advertises an easy operation and approval process for those with bad credit, who otherwise might not be suitable to get approved for a loan elsewhere. But are they legal? Should you use their website? We researched so you do n’t have to.

Is Motive Loan legit
?

Perhaps. There are several complaints listed online about Motive Loans. They presently have an F standing by the BBB, ( also known as the Better Business Bureau, which is a trusted organization that helps consumers find and rate businesses). An F standing is a red flag; it signifies an overall poor reputation or a history of complaints. Motive Loan was also mentioned as a suspicious platform by the most trusted regulatory body in the UK, the Financial Conduct Authority).

We also delved further into user reviews. Though these are n’t necessarily a source of truth, they can give some perception. Several users have posted online about not hearing back after applying, or simply not receiving their loan. Others have positive experiences to report and have successfully received money. So, our bottom line advice there’s no way to officially confirm Motive Loan is a scam but grounded on our exploration, there are enough red flags to raise an eyebrow.

Motive Loan What do They Offer?

According to the Motive Loan website, they offer loans with repayment terms ranging from 6 months to 72 months. APR and interest rates will be dependent on several factors including your income position, and credit score. Their advertised APR rates range from5.99 to35.99. We didn’t find any user reviews attesting whether these rates were true.

They also need you to be

18 years old

A US resident

Prove a steady income

Have an active bank account

We’ve found these restrictions to be fairly common for all loaning websites.

A Deeper Dive into Motive Loans

After digging through the Motive Loan website, we noticed a few other concerns. There are several spelling issues on theF.A.Q page (we ’re talking, a ton of spelling issues). This can occasionally be a reflective sign of a questionable or illegitimate website.


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Again, there’s no way to actually confirm the legality of the point but we do want to give all of the information we found so users can make the decision on their own. For those who may not get approved for loans elsewhere, Motive Loans still might be suitable to connect you to a lender. It’s our thing to give you with all the information. Then’s a quick recap of some of the trends and downsides of the website.

Potential Upsides

The website is free

    A few positive reviews
    It takes 2 minutes to apply
    Bad credit is okay
    Potential Downsides
    Numerous poor customer reviews
    Low response rate
    Not available in New York
    Targets low income/ poor credit
    Loan amounts only up to$
    Poor BBB standing
    Questionable legitimacy

Classic fraud Warning Signs

These days its hard to know what’s legal and what is n’t, especially online. Scams and fake websites are everywhere. But many things are more important than assuring your private banking information stays safe. You should never be handing over social security numbers, bank account info, or credit card information unless you can trust the website. So then’s what we recommend to look for when comparing online lending websites like Motive Loans.

Online lending companies should never

    Freeze your bank account
    Remove money from your account without authorization
    Ask you to add further money into your account
    Contact you demanding money or overdue taxes
    Call you out of the blue requesting particular info
    Request money be transferred via prepaid or gift card
    Contact you with discounted rates and prompt you to act immediately

Final Thoughts

After probing Motive Loan it does n’t seem there’s enough information to determine whether they’re licit site we trust. But grounded upon our exploration reading user reviews and looking at the conditions on accredited sites, users should use Motive Loan with caution.

Always take caution when handing over private information online. There are numerous other lending websites that are trusted and recommended, indeed for those with bad credit. The bottom line we’d recommend trying other spots before handing over particular information to Motive Loans.

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