Lendumo Loans Review

Lendumo is a company that offers payday loans and short-term installment loans. It accepts borrowers with fair credit. Customers will be contacted to verify their identity and to discuss the terms of their loan before being approved. A customer will also be required to sign an electronic loan agreement. If approved, the funds will be deposited into the customer’s checking account within a business day.

You must be a US citizen, have a checking account, and a regular source of income to qualify for a Lendumo loan. You must also be at least 18 years old and have a steady source of income to qualify. Lendumo also does not make loans to people who are members of the military.

Lendumo is a Wisconsin-based online lending company that offers small loans. Their loans are aimed at those who do not have much access to traditional financial services. It also encourages people with bad credit to apply for financing. However, Lendumo does not offer loans to active military members because the Military Lending Act sets a cap on interest rates for military members.