If stability is a good thing to have among financial service providers, we hit the jackpot in this month’s edition of the PYMNTS Personal Loan Apps Provider Rankings. All eight contenders occupy the same places they occupied last time, and the leader continues with a score of 100 – as he did last month.
Like other PYMNTS provider rankings, this monthly list of personal loan apps features ranked applicants based on the score they achieved with channel coverage, up-to-date downloads, monthly average users, and sessions for lending. user as well as the average duration of the session.
The Top 5
Remaining in the top spot, for the second consecutive month, is SoFi. This app has once again achieved a perfect score of 100 – it’s hard to beat!
Just behind, in second place, is MoneyLion. He retains second place with a score of 95.
Avant also retains his previous ranking. This app makes a return appearance in third place.
Close behind with a score one point lower than Avant, Upgrade. He keeps a firm grip on the No. 4 position.
LendingTree completes the top five, like last month.
The second tier of this month’s leaderboard is also the same as last time.
PaySense retains No. 6 in the competition.
LendingClub was new to this elite group last month and they return this time, once again to seventh place in the rankings.
Rounding out the list and pointing to #8 is another familiar face, FlexWage.
The ranking of personal loan application providers contains eight applications and a lot of stability.