Folks responsible for lending probably are usually cautious. You could the same for the latest edition of PYMNTS' Provider Ranking of Personal Loan Apps, as all eight contenders contain the same position they held last month.
As with PYMNTS' other Provider Rankings, this monthly scoreboard for private loan apps lists the contenders ranked in line with the score they've earned with channel coverage, up-to-date downloads, monthly average users, sessions per user and average session length.
Now, let's wait and watch what the research has uncovered.
Still in the head from the pack is SoFi. With a score of 97, this app is five points ahead of the nearest competitor.
Also holding its position MoneyLion. This app is ranked second with a score of 92.
Running in third place, as it did last time, is Avant. This app checks within this month having a score of 85.
Hanging on tight to the No. 4 position is Upgrade, this time having a score of 80.
Continuing the trend, PaySense retains its spot within the rankings – fifth – this time around earning it with a score of 77.
Nine points behind is LendingClub. Having a score of 68, this app holds on to the No. 6 spot.
Further back in the pack is LendingTree. This app keeps the seventh level within the rankings having a score of 41.
Rounding the list this month is Earnest. Having a score of 28, this app is again ranked No. 8 within this edition from the Provider Ranking of private Loan Apps.
