We’ve all heard it— money makes the world go round. It might not be the most romantic notion but there is truth to it. These days, few things come without cost. To fulfill a dream, investment is needed. These investments, more often than not, need the money that not everyone has in the bank but can access through loans.
Some common reasons behind applying for a loan include starting a cash flow for businesses, investing in your education, maintenance for recurring expenses, and dispersing payments for costly purchases. No matter the state of the world, loans will always serve a purpose.
This is how Loan Affiliate Programs will benefit you! These programs allow you to earn money by referring your audience to a partner company, and commissions in the finance industry always earn a little more than other industries. However, you’ll need to be smart in choosing the Loan Affiliate Programs to sign-up for.
To help, we’ve compiled a list of the top 10 loan affiliate programs! Read on for some tips and tricks on choosing the program for you.
Some Loan Terms To You’ll Encounter
For the rest of this article, we’ll be using certain loan jargon which you may or may not be familiar with. We recommend you read this portion before proceeding to the list items:
Secured Loans
This refers to loans that require collateral upon an agreement which serves as risk management for the lender, and benefits borrowers with lower interest rates. Collaterals are typically appraised assets with the same or higher value as the loaned amount.
Unsecured Loans
This type of loan does not require any collateral but is more challenging to get. Borrowers have to show credit scores and income proof, to demonstrate their ability to pay.
Personal Loans
These are loans taken out for personal use and expenses. These can be auto loans, home loans, and other personal expenses.
Small Business Loans
These are loans taken out for business purposes, used for the setting up, growth, and expansion of small businesses. They are necessary for the upkeep and maintenance of small businesses.
Pay-Per Lead Network
This pertains to a network or company that offers compensation for successful lead referrals. To put it in context, when your referrals apply for a loan, the network will take these details and sell it to their pool of lenders. When your referrals are funded, commissions are earned. It has a few more steps than the normal affiliate process but this, by no means, affects the efficiency nor lowers your chance of earning.
Top 10 Loan Affiliate Programs
- LeadsGate
- LeadNetwork
- Edvisors
- Kabbage
- Prosper
- Business Credit & Capital
- LendUp
- LightStream
- MaxCash Title Loans
- Credit
1. LeadsGate
- Commission Rate/ Percentage: Up to $230 per lead
- Cookie Length: Unlisted
- Link to Program
LeadsGate is one of the most affiliate-centered pay-per-lead programs out there. They will compensate you for any kind of traffic you deliver to them. With them, all leads are precious and deserve compensation, including declined leads.
They have programs for payday loans, personal loans, and installment loans. Moreover, they boast an average of 15% higher conversion rates than other platforms with the same offers. Their leads are sold through an auction system in order to maximize the prices of each lead and to help you earn higher commissions.
The best part? You’ll receive lifetime commissions for every subsequent application your referral sends in. This means that even if they haven’t visited your site in years, you can still earn from their loans. It’s a program with great earning potential. When you refer other affiliates to join, you’ll also receive a 3% referral bonus.
Why Should You Promote LeadsGate?
LeadsGate was built with the affiliate in mind, wasting no leads. This is a great chance to develop a steady source of passive income since they’ve done all they can to help you achieve this.
2. LeadNetwork
- Commission Rate/ Percentage: Varies per application
- Cookie Length: 30 Days
- Link to Program
LeadNetwork is one of the biggest names in finance affiliate programs. It’s a top contender for any affiliate looking to join this niche, and rightfully so! They’re one of the most popular pay-per-lead affiliate programs in the market and are known for their expertise in payday loan programs.
Becoming a LeadNetwork affiliate can spell great things for your future. They take care of their affiliates and think ahead, assuring affiliates that all contracts and transactions coursed through them cross no grey area in the law.
They boast of having one of the highest affiliate rates for the loan industry, though these figures are undisclosed and vary per application. You can now also invite publishers to join the team, to help you earn an additional 3% from their successful referrals!
Why Should You Promote LeadNetwork?
The LeadNetwork affiliate program is a sweet deal for anyone looking to earn with this industry. You can count that they will do their utmost to make sure everyone they work with is happy, including you.
3. Edvisors
- Commission Rate/ Percentage: Varies per application
- Cookie Length: 30 Days
- Link to Program
Edvisors is here to help with an important kind of loan— student loans. Student loans are hard to navigate and it can be confusing for anyone to keep track of, especially for teenagers who are still just graduating high school!
Edvisors recognize this and is here to help students, as well as parents, to get the best loans at no additional costs. They need only input a school name and Edvisors will do their magic to present lender rates. Even better, they have a monthly loan calculator to help figure out how much money they’ll have to come up with on a regular basis.
Their system is much more student-friendly than its competitors, making it an attractive company for affiliate partners. Commission rates vary per application but will be given for every qualified lead. This program also includes their partner sites, ScholarshipPoints.com and PrivateStudentLoans.com.
Why Should You Promote Edvisors?
The Edvisors system is irresistible to students, making it an ideal program for affiliates to join. It’s the kind of system that sells itself, which will make your job of promoting them that much easier.
4. Kabbage
- Commission Rate/ Percentage: $250 per qualified lead
- Cookie Length: Unlisted
- Link to Program
Kabbage is here for small businesses. Usually, small business loan applications can take longer and come with their fair share of difficult requirements. One requirement that a lot of small business owners find tricky is the credit score.
Many unique circumstances can result in unfavorable credit scores but Kabbage understands this! This means high credit scores aren’t a necessity with Kabbage and explains why small business owners love their service. Borrowers also have control over the payment terms and will be able to get their lump sum loan just a few days after application approvals.
Kabbage affiliates get as great a deal as their borrowers. For every qualified small business you refer, you’ll receive a whopping $250 in commission. More than that, you’ll be granted access to their company resources to help you educate your referrals.
To help you entice your audience, Kabbage also offers a $50 reward for signing up, but only if they use your unique tracking link. Since you’ll need them to use that same link to earn your commission, this is another great win for you.
Why Should You Promote Kabbage?
It’s a fast and easy loan service to apply for and business owners with less than stellar credit scores always gravitate to it. Moreover, Kabbage is motivated to help you earn with them. Their commission rate is nothing but attractive and they’ve taken it a step further by incentivizing your own referrals to make sure you’ll earn.
5. Prosper
- Commission Rate/ Percentage: 13% per funded loan
- Cookie Length: 30 Days
- Link to Program
Prosper is a peer-to-peer lending marketplace, meaning they’ve built a platform where borrowers and lenders can interact, under the watchful eye of the Prosper team. All payments are facilitated by them, making it an easy and safe process all around.
They offer both personal and home equity loans that investors can easily browse through and purchase. Services come with low-interest rates and no prepayment penalties, all with the ability to ensure a loaner’s financial security.
Prosper affiliates, for lack of a better term, prosper. If the 13% commission rate weren’t enough, you’ll also be given official Prosper publication materials for your promotional use. This makes your job much easier and will help give you ideas on how to proceed.
Why Should You Promote Prosper?
Prosper is the way to reach both borrowers and investors. You’ll be able to appeal to the two sides of the loaning equation, and will be promoting a well-loved platform.
6. Business Credit & Capital
- Commission Rate/ Percentage: 15% per funded loan
- Cookie Length: Unlisted
- Link to Program
With Business Credit & Capital (BCC), their name says it all. They deal with funding solutions for small and medium-sized businesses. Mostly, they help businesses in the retail, restaurant, and service industries with their loan needs.
What’s unique about BCC is their quick processing of cash advance applications (within 3 to 5 business days), 85% of which get approved. Why such a high loan approval rate? That’s because they require minimal documentation and don’t only rely o