Motive Loans Review

Sometimes in life, there comes a time when we may need a helping hand financially. A loan is a sum of money borrowed, There are terms and conditions and an agreed number of repayments to be made for a fixed term in the future.

But the problem is, when it comes to finding a loan, there are so many options to choose between. It can be very difficult to find the right loan to suit your circumstances.

This review will focus on the loan company, Motive Loans. We will discuss what they have to offer you as a borrower, all the pros and cons, and key features.

There will also be a buyer’s guide of sorts with regards to taking out a loan. Then, some handy FAQs to open up your brain to things you may not have considered before you go down the route of taking out a loan. 

Motive Loans

Motive loans are a loan company that offers peer to peer lending.

Peer to peer lending is different from other, more traditional, loan companies. This type of lending has a panel of people who set their own terms and conditions, interest rates, and length of borrowing.

The lender, as they are known, are matched up with potential borrowers. They are then allowed to decide whether or not the potential borrower meets their criteria for lending. There is often a credit check involved.

Motive Loans act as the host for borrowers and lenders alike.

Key Features

  • Loans Up To $5000

Of course, what you borrow is up to you. This particular company does suggest a cap at $5000.

Though, with some lenders, there is the potential for a larger sum.

  • Connects Potential Borrowers With Lenders

Motive Loans act as a platform. You sign up with your details and submit to a soft credit search to see where and what your profile is suitable for.

After this, you are offered a choice of lenders to liaise with.

  • Variable APR And Interest Rates

The APR and interest rates that you are given vary, depending on from whom you borrow.

Each lender sets its own conditions. APR varies from 5% up to 36%. Generally speaking, the worse your credit score is, the higher the APR and interest rates will be on your loan.

This is because you are considered as a high risk borrower if you have a history of missed repayments on your credit file.

Unfortunately, this is a stipulation that can only be made better with time and managing your financial situation efficiently.

  • 61 Days To 72 Months Loan Terms

The loan you take out, regardless of size and stature, is bound by terms.

The main part of these terms is the length of time that you borrow the money from. This is called the loan term. Every loan comes with a date of loan maturity.

With Motive Loans, you have the option of any term between 61 days all the way up to 72 months. Though, of course, every loan term is bespoke. Lenders will all have their own individual criteria.


  • More Considerate Approach To Lending

Motive Loan's application process is more than just a black and white checklist. It seems kinder and more considerate than other forms of lending.

  • More Than Just A Credit Score: 

With Motive Loans, your credit score is not the only thing that is taken into consideration when deciding whether or not to accept a new borrower.

Your whole financial history and present circumstances are highly considered. This includes, how you have managed your debts and past credit, what your current employment and salary are and what your monthly financial obligations entail.

  • Accepts Bad Credit

If you are a person with bad credit, you will know too well how hard it is to obtain new lines of credit.

Thankfully, Motive Loans will accept certain people with poor credit ratings. There are other criteria that must be met, but rest assured if your score is low, you will not be instantly rejected.

You must be employed and be able to show proof of employment. You must also have proof of income and your residential status.

Furthermore, you must have some identification documents to prove your residency, and place of birth. These are all standard checks.

  • Fast Application Process

The application itself is fast and uncomplicated. Enter your details, including all personal details and employment history, and residential status. Sit back and await your results, and potential pairing.

Once your results are in, and if successful, you can choose what to do from that point forward. Should you wish to proceed, you will be subject to further status checks and terms and conditions.


  • Imitation Companies

Unfortunately, there are lots of scams out there. 

It becomes easier and easier to steal personal information, such as bank details, online. 

There have been many imitation companies out there that work to steal your personal information in order to either steal from you, mine your data, or impersonate you falsely online. 

  • Frustrated Customers

This may be a cause of fraudulent imitators. However, there have been reports of unsatisfied customers across the board.

The main complaints are that the loan was promised, but never came to fruition. 

Consumer’s Guide

Terms And Conditions

Before entering and signing any formal agreement with serious repercussions, you have to carefully read and understand all of the terms and conditions.

The terms and conditions of a loan clearly set out all of the stipulations of the borrowing. There are always certain criteria to abide by.

Legally, all of these terms and conditions have to be in writing and agreed upon before a contract is entered into.

Motive Loans Review

How Do I Know If A Loan Company Is Legitimate?

Look For Contact Information

Any loan company that is reputable will provide at least an email address as a way of enabling communication. It is better to find a telephone contact number.

A telephone contact number is the only way to ensure that you are talking to a human being and not a robot.

Read What The Customers Have To Say

In this modern era, there are so many different ways to ascertain validity. If a loan company is legitimate, it stands to reason that there will be previous customers.

It also stands to reason that these previous customers may have written reviews about their experience.

It is absolutely worth reading these reviews in order to gain an insight and understanding from the customer’s perspective of their dealings with this particular company.

If the reviews are positive, there is no reason why the loan company should be considered a scam. If the reviews are negative, there is probably reason to suspect a scam of some sort.

The Better Business Bureau

This is the go-to website for information regarding financial companies across the US and Canada and Mexico.

It has all the information about legitimate and illegitimate loan companies. So it is worth checking this site before you sign any contract with any company.

Motive Loan - FAQ's

What Are Loan Interest Rates?

Interest rates are a term used for the extra charges on top of the original borrowing amount.

These are calculated in a bespoke way. Each loan is bound by its own interest rates and charges.

Familiarize yourself with the specific interest for your proposed loan agreement. This is the way that the loan company makes a profit.

Often, a loan company will accept the first loan payments as interest. By doing this, the company ensures that if you don’t fulfill your terms of payment, they have still covered their own backs and earned their profit from the deal. 

How Do I Know If I’ll Be Accepted For A Loan?

The truth is, the only real way to know if you will be accepted for a loan is to apply for the loan.

There are preliminary stages, such as a soft credit search. A soft credit search leaves no negative mark on your credit file.

If you pass the soft credit search, you will be given further advice as to whether or not you may or may not be accepted into a loan contract.

If you chose to continue, there will be a further hard search against your name. This is noted on your credit file and can lower your score.


Overall, Motive Loans offer an innovative approach to borrowing and lending.

You are not penalized for poor credit rating, in the sense that you may still be accepted for a loan. However, it is worth noting that the lower your credit score, the higher the rates of interest and APR will be on your proposed loan.

The peer-to-peer, or p2p, is a lending structure that the company is based on that offers a more personalized borrowing experience.

Though, it is worth being careful of imitation companies. They are fraudulent, and their only goal is to steal your personal information.

Remember, you can check the legitimacy of your selected loan company with the Better Business Bureau.

Brad Johnson