Low interest loans
from your supporters.
LoanWell helps you create loans between you and people in your community and repay them automatically.
Instead of high interest bank financing, LoanWell helps you get a cheaper loan while people in your community earn the interest.
How Do I Get Financing?
Campaign - Many Lenders
In cases where you’re trying to fundraise from lots of different people, you’ll be using our crowdfunding campaign system. This system works a lot like Kickstarter, GoFundMe, or Indiegogo.
You’ll create a campaign with information about why you’re trying to borrow money, and then you’ll invite people in your network to contribute to your campaign through a special link that you’ll receive.
Get Started →
CAMPAIGN
SINGLE
Single Loan - One Lender
When you’re only borrowing from one person at a time, you’ll be using our basic loan system.
You and another person will decide how much money is changing hands, when you will start making payments back to the lender, and what the interest rate on those payments will be.
Get Started →
How Do Campaigns Work?
LoanWell Campaigns work a lot like other popular crowdfunding services.
But instead of hoping your community can give you the money, you offer your supporters the opportunity to lend you the money and get paid back.
Check out what a campaign page looks like by clicking the button below. You can create your own campaign using this one as a template.
View Sample Campaign →Advantages
Security.
With the knowledge in mind that their money will be coming back to them somewhere down the line, people will be more willing to invest in you and your dream.
Our platform can give your network the feeling of safety and security they need to open their hearts -- and their wallets -- to help you reach your goals.
Utility.
It’s a lot easier to get people to contribute to a loan when all they have to do is click a button.
You can share your campaign throughout your network, letting you involve as many people as possible and raising the amount of money you’ll be able to loan.
When your campaign ends, LoanWell helps you pay your supporters back automatically each month.
Saving You Money.
Don't settle for high-interest bank loans!
Our users pay below market interest rates (saving thousands) and their community earns that interest instead of the bank.
Ease of Use.
It takes just minutes to put together a campaign. Our support team is also here to help you every step of the way.
How Do I Lend Money?
Many Lenders
In cases where you’re contributing to a larger loan alongside many other lenders, you’ll be using our crowdfunding campaign system. This system works a lot like Kickstarter, GoFundMe, or Indiegogo.
Your borrower will create a campaign with information about why they’d like to borrow money, and then you’ll receive a personal invite from them to contribute to their campaign through a special link.
CAMPAIGN
SINGLE
One Lender
When you’re the only person lending to a single borrower, you’ll be using our basic loan system.
You and your borrower will decide how much money is changing hands, when the other person will start making payments back to you, and what the interest rate on those payments will be.
Get Started →
How Does Repayment Work?
REPAY
Repay Automatically
We've made it as easy as possible to pay your loans back on time with auto-drafted payments. Our system makes one monthly withdrawal from the borrower's bank account and deposits the appropriate amount into the lender's/lenders' bank account. LoanWell takes the stress out of paying back and getting paid back.
Pricing
For an agreement between you and one other person, choose the one lender option. If you are looking to fundraise from more than one lender choose the many lenders option.
One Lender
$74.99- Legal Loan Agreement
- Editing by Borrower and Lender
- E-Signing Process
- Auto-Drafted Repayment
Recommended
Many Lenders
5% of Funds Raised- Crowdfunding Page
- Legal Loan Agreements
- Editing by Borrower and Lender
- E-Signing Process
- Auto-Drafted Repayment
For all transactions (monthly payments and balance transfers), there is a 1% processing fee. Ex: If the monthly payment is $100, there will be a $1 fee to process the payment from one bank account to another.
Pay with Credit Card or PayPal
You will now be redirected to PayPal to complete your transaction. If you would like to pay with a card scroll down below the PayPal login on the next page and click the "Pay with Debit or Credit Card" button.
Your payment was Successful!
undefined loan credit(s) will be added to this account. Click the button below to be taken back to your loan agreement.
ContinueFrequently Asked
Questions
What is LoanWell?
We are a lending platform that helps you save money by financing with your community - who earn the interest instead of the bank.
Am I Eligible?
Yes! Unlike most lending platforms that have credit requirements, we strive to help everyone find cheaper financing from within their network.
What if my community or network doesn't have a lot of disposable income to lend?
We've worked really hard to make the platform as equitable as possible. One way we've done that is through crowdfunding, where you can invite several people to lend small amounts of money to sum up to your total need (i.e. $500 loan from 10 people = $5,000).
What if I can't get the total amount I need from community?
We've partnered with several third-party lenders to help provide the additional capital you need in the event you are not able to raise your total amount from your network.
How much does it cost to use LoanWell?
Check our most up to date pricing here
What’s the catch? Are there any hidden costs?
When it comes to money, we believe that no one should feel confused or misled. We want to be upfront about our costs so that our customers can focus on getting the support they need from our system.