Cash Panda Loans Reviews: Is It Legit?

How it works, step by step

1. You fill in one request form. It takes about two minutes. You’ll need to be 18 or over, a US citizen or permanent resident, have a US bank account that accepts direct deposits, a regular income of at least $1,000 a month, an email address and a working phone.
2. We share your request with lenders and lending partners in our network. Lenders review it and decide whether to make you an offer. Not every request is matched, and loans aren’t available in every state.
3. If a lender makes an offer, you see their terms first. By law (the Truth in Lending Act), the lender has to show you the APR, fees, payment schedule and total cost before you sign.
4. You decide. You’re under no obligation to accept. If you’re not happy with the terms, close the page.
5. If you accept, the lender sends the money to your bank account, often as soon as the next business day. Your loan agreement and repayments are with that lender, not with Cash Panda Loans.

Does it affect my credit score?

Submitting a request through Cash Panda Loans doesn’t affect your credit score. Some lenders may run a soft check, which doesn’t affect your score either. If you go ahead with an offer, the lender may do a full credit check with TransUnion, Experian or Equifax, or with an alternative credit-data provider, and they’ll tell you before they do.

What happens to my information?

We want to be upfront about this, because it’s the most common complaint about loan-matching sites:

• Your details are shared with the lenders and partners in our network so they can consider your request. That’s how the service works.
• Partners may keep your information even if you’re not approved.
• You may receive emails or text messages from us and from our partners about loans or other financial products.

You can ask us to stop marketing to you at any time on our Unsubscribe page. California residents have extra rights under the CCPA; see our CCPA notice. Full details are in our Privacy Policy and Terms & Conditions.

Pros and cons

Pros

• Free to use, with no obligation
• One form reaches many lenders, instead of applying to each one separately
• All credit types are considered
• The lender must show you the full cost before you sign

Cons

• We’re not a lender, so we can’t guarantee you a loan or set your rate
• Rates depend on the lender. Borrowers with poor credit usually get higher APRs.
• Your details are shared with network partners, so expect follow-up messages
• Not available in every state
• Maximum $3,000. If you need more, a different service may suit you better (see our comparisons with CashUSA, BadCreditLoans and MoneyMutual)

Is Cash Panda Loans a scam?

No. But scammers do pretend to be loan companies, including ones with names like ours. Here’s how to tell the difference:

Cash Panda Loans will never:

• Ask you to pay a fee to “release”, “insure” or “process” a loan
• Ask you to pay with a gift card, prepaid card (such as Green Dot), wire transfer or cryptocurrency
• Phone you out of the blue to offer a loan or to collect a debt

Warning signs of a scam:

• Someone promises you’re “guaranteed” a loan whatever your credit, then asks for money first
• You’re asked to pay before you’ve seen a written loan agreement
• A “debt collector” threatens you with arrest or won’t tell you who you owe

The US Federal Trade Commission says any up-front fee that a lender wants before granting a loan is “a cue to walk away”, especially if it’s described as “insurance,” “processing,” or “paperwork” (FTC: What To Know About Advance-Fee Loans). If you’ve been targeted, report it at ReportFraud.ftc.gov and email us at complaints@cashpandaloans.com. For more, see our Scams and Fraud page.

Which “Panda” is which?

Several unrelated companies use “Panda” in their name, and reviews often mix them up. Cash Panda Loans (cashpandaloans.com) is not connected to:

• PandaLoans.org
• mypandaloans.com, a separate loan-matching site
• Panda Pay, a cash-advance app
• “Panda Payday Loans”, a UK name
• “Cash Panda Fast Same Day Loans”, an app on Google Play

If you’ve read a complaint about “Panda Loans”, check which company it’s about. Our only website is www.cashpandaloans.com, and we never charge you a fee.

How to check any loan offer before you accept

Whether you use Cash Panda Loans or any other service, check the lender before you sign:

1. Write down the lender’s full legal name, state, APR, finance charge, total of payments and payment dates from the offer.
2. Check the lender is licensed in your state with your state’s banking or financial regulator or attorney general. The FTC recommends this too.
3. Search the lender’s name with “reviews”, “complaints” or “scam”.
4. Look up complaints in the CFPB consumer complaint database or on the Better Business Bureau.
5. Never pay up front. A real lender takes its fees from the loan or the repayments, as set out in the agreement.

Customer reviews

We’re setting up an independent review profile and will link to it here

Complaints and contact

If something has gone wrong, we want to hear about it.

• Email: complaints@cashpandaloans.com
• Online: Contact Us
• By post: CashPandaLoans, Complaints, 1317 Edgewater Dr #820, Orlando, FL 32804

Please include your name, contact details, what happened and what you’d like us to do. For a problem with your loan itself (repayments, fees, collections), contact your lender directly. If they don’t resolve it, you can complain to the CFPB. Read our full Complaints Policy.

Frequently asked questions

Is Cash Panda Loans legit?
Yes. Cash Panda Loans is a free loan-matching service operated by Sivetech Limited. It shares your request with lenders in its network. It isn’t a lender and never charges you a fee.

Is Cash Panda Loans a direct lender?
No. We connect you with lenders. The lender you’re matched with sets your rate, fees and repayment terms, and you sign your agreement with them.

How much does Cash Panda Loans cost?
Nothing. We’re paid by the lenders and partners in our network. You only pay the interest and fees in a loan agreement you choose to accept.

How much can I borrow?
$200 to $3,000, over 3 to 36 months, depending on the lender, your state and your circumstances.

Will I get calls or emails after applying?
Yes, you may get emails or texts from us and from partners in our network about loans or other products. You can opt out at any time on our Unsubscribe page. Neither we nor our partners will phone you about your request.

Does Cash Panda Loans have a BBB rating?
Cash Panda Loans is not currently rated by the Better Business Bureau

Is there a Cash Panda Loans app?
No. Cash Panda Loans is a website, not an app. You can request a loan on any phone at www.cashpandaloans.com, with no download needed.