Is Myinstantoffer Scam or Legit? Here is The Honest Review

Over the last few years, there has been a lot of discussion going around about legit or myinstantoffer scam. is not a new name, and you must have heard about it from an investor or via social media.

Those who are associated with this online platform know how easy it is to get loans. People prefer lending club because in most cases, it is their only practical option for getting instant loans.

You should know that it works in a similar fashion as most of the financial institutions’ works. There are eligibility criteria for applying for a loan.

Some say Myinstantoffer is authentic, while some say it is a scam.

In my opinion, those who don’t get their loans approved are the ones making all the noises about myinstantoffer scam. However, let me review Myinstantoffer thoroughly for you so that you can get the gist.


About Lending Club is available for the US residents. People requiring large amounts of the fund in short period look up to Myinstantoffer.

They are known for offering large loans in a quick period with low interest rates. It is an online loan service that I have enjoyed previously not just because they authorized me an instant loan but that too with little interest.

The loans are managed and disbursed by WebBank, and the interest and credit are determined by the total amount you are borrowing.

It is a peer-to-peer lending platform, so unlike the financial institutions, the interest rates charged are comparatively low.

You can avail up to the maximum of $40000, and the tenure will depend on your loan repayment capacity, your income, your credit score, and the interest rate.

You can obtain a loan from an investor, and in return, the investors can purchase notes backed by payments made on loan.

However, there have been accusations of Lending Club falsely promising borrowers they would receive a loan with no hidden fees. The allegations are made with no base of proof. It might be true but as said, the borrower has to pass the certain eligibility criteria for getting the loan.

Myinstantoffer ripoff: The accusations

  • Loan applications are denied scam or described as fake is mainly due to the fact that a large number of loan applications are rejected by the platform.

This is not because the platform is terrible or fake; this is because the applications which are rejected doesn’t meet the eligibility criteria required by the lender.

The applicant must have a decent salary with a credit score of 660 or above to get his/her loan sanctioned.

  • Interest rates can be really high

The interest rates on loans can be really high for some borrowers. This is because their loan amount is high or they require the money in a short period. The average interest rate for a $10000 loan is about 7%, but it can go as high as 14% in some cases.

You can save thousands of dollars through:

  • Applying for least amount of loan that you require
  • Better credit score
  • Try to repay the loan within the given tenure or even earlier
  • Unavailability of loans in few states lending club provides loans in all states of America, excluding West Virginia and Iowa. People living in these regions may find it difficult to get instant loan approval from Myinstantoffer.

But this doesn’t make the platform a fake or fraud.

You can use Myinstantoffer Loan for the following aspects:

  • Your child’s education fee
  • Medical and hospital expenses
  • For repaying the EMI installments of a newly bought house
  • To buy a car or a home
  • For going on family vacations
  • Home repairs
  • To pay your credit card bills, and more

Banks are known for putting loan aspirants through lengthy procedures. If you want a quick loan, you can directly apply through, given that your credentials stand eligible.

Loan eligibility criteria

Once Lending Club approves your loan application after reviewing your credit score and other credentials, you will be directed to’s portal.

Here, you will again require to provide your credit score, the loan amount, and the purpose of the loan.

Next, you will need to provide your personal information including:

  • Your annual income
  • Email address
  • Date of birth
  • Your valid home address

Once you have provided all the details and agreed to their terms and conditions, you will be the final Rate at which your loan will be processed.

What makes Myinstantoffer the best lending platform?

There are several aspects that make this online loan disbursal platform unique:

  • com allows the borrowers to pay the loan on time to lower the rate of interest
  • com offers interests that have fixed prices (in some cases) and are very low
  • com maintains a good client-customer relationship
  • The procedures are way too simple as compared to the traditional banks and financial institutions
  • com legit and clean

Is it the best option for me?

When you are availing loan from a financial institution, it will look up for several factors before approving the loan. Similar goes with

You need to be thorough about the loan term you are availing on this platform as there are different terms and conditions for loan tenure.

If you are in need of large amounts in a quick period, then this platform is for you. However, it is recommended that you make a comparison of the loans offered in the loan network.


Final Words

Myinstantoffer scam and not being legit is all rumor. If you want a loan to the maximum of $40000 with low interest rate, Lending Club is your best bet.

I believe that if you are qualified for the loan and are able to repay the borrowed amount within the given tenure, you will be happy with this collaboration.