Why Blue Mountain Loans is Your Sherpa to Financial Freedom

Blue Mountain Loans is a personal loan provider based in Utah that offers quick access to funds for a variety of needs. The company was founded in 2005 with the goal of providing customer-focused lending solutions.

Blue Mountain offers personal installment loans ranging from $100 to $5,000. These unsecured loans can be used for debt consolidation, unexpected expenses, home improvements, medical bills, auto repairs, and more. Loan terms range from 3 months to 24 months.

As an online lender, Blue Mountain Loans provides a quick and convenient loan application process. Borrowers can apply online in minutes and receive a lending decision usually within one business day. Approved funds are deposited directly into the borrower’s bank account as soon as the next business day after acceptance.

Blue Mountain touts flexible eligibility requirements, competitive interest rates, and speedy funding. With a focus on customer service, the lender aims to provide a positive borrowing experience even for those with less-than-perfect credit. They offer loans to residents across the U.S., except in a few states where online lending is restricted.

The company has been providing personal loans to consumers for over 15 years. Though not as widely known as some larger lenders, Blue Mountain Loans has grown in recent years while keeping its customer-first approach. Their loans serve as an accessible financing solution for various financial needs and life events.

Types of Loans Offered

Blue Mountain Loans offers several types of personal loans to meet customers’ borrowing needs:

Personal Loans

Personal loans can be used for almost any purpose, like consolidating debt, financing a large purchase, or covering emergency expenses. Blue Mountain Loans personal loans range from $1,000 to $35,000 with repayment terms from 12 to 60 months.

Auto Loans

Blue Mountain Loans provides auto loans to customers with credit scores as low as 550. Borrow up to $30,000 for a new or used car with flexible repayment terms up to 72 months.

Home Improvement Loans

Finance home renovations like kitchen and bathroom remodeling, roof repairs, new windows, siding, and more with a Blue Mountain Loans home improvement loan. Borrow up to $50,000 with repayment terms from 12 to 84 months.

Debt Consolidation Loans

Consolidate high-interest credit card balances into one manageable monthly payment with a Blue Mountain Loans debt consolidation loan. This can help simplify your finances and potentially save money on interest. Loan amounts up to $50,000 with repayment terms up to 60 months.

Loan Amounts and Terms

Blue Mountain Loans offers personal loans ranging from $1,000 to $50,000. The loan terms range from 6 months to 60 months.

The amount you can borrow depends on your credit score and income. Those with good credit scores can qualify for larger loan amounts with lower interest rates. Here are the general loan amount ranges based on credit:

  • Excellent Credit (720+): $10,000 to $50,000
  • Good Credit (680-719): $5,000 to $35,000
  • Average Credit (620-679): $2,000 to $20,000
  • Poor Credit (below 620): $1,000 to $10,000

The repayment terms also vary based on your credit score. Borrowers with higher credit scores can qualify for longer repayment terms up to 60 months. While those with lower scores will have shorter terms between 6 to 36 months.

The interest rates at Blue Mountain range from 5.99% to 35.99% APR. The higher your credit score, the lower the interest rate you can qualify for. Those with excellent credit can get rates around 6%, while poor credit scores will have rates over 30%.

Blue Mountain uses a simple interest loan structure. This means interest is charged on the original principal balance throughout the life of the loan. It does not compound over time like some other loan types.

Application Process

Applying for a loan from Blue Mountain Loans is a straightforward process that can be completed entirely online. Here are the steps to apply:

How to Apply

  • Go to bluemountainloans.com and click on “Apply Now”
  • Select the type of loan you need – personal loan, business loan etc.
  • Enter the requested loan amount and term
  • Provide your personal and financial information such as name, address, income, employment etc.
  • Upload any required documents like photo ID, pay stubs, bank statements etc.
  • Carefully review the loan terms and conditions and e-sign the application
  • Submit the completed application

Required Documents

To complete the online application, you will need to provide certain documents as proof of identification and income. Common documents required include:

  • Government-issued photo ID like driver’s license or passport
  • Proof of income – recent pay stubs, tax returns, bank statements
  • Documentation of any other income like social security, disability, child support etc.
  • For business loans – business financial statements, business licenses etc.

Approval Process

  • Blue Mountain Loans will review your application as soon as it is submitted
  • They will verify your personal, income and employment details
  • A credit check will also be performed to determine your creditworthiness
  • You will receive a decision via email within 1 business day in most cases
  • If approved, you will receive the loan agreement with details on the loan amount, terms, fees etc.
  • Sign and return the agreement to receive the loan funds deposited directly into your bank account

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Pros of Blue Mountain Loans

Blue Mountain Loans offers several key benefits that make it an attractive option for borrowers:

Fast Funding

One of the biggest pros of Blue Mountain Loans is that they can provide funding very quickly. Once approved, you can receive your loan funds as soon as the next business day. This makes Blue Mountain Loans a good option if you need money fast for an emergency expense or other pressing need. The quick funding means you don’t have to wait long to get the cash you require.

Flexible Terms

Blue Mountain Loans provides borrowers with flexible loan terms. You can choose loan repayment terms from 3 months up to 3 years. This allows you to select a repayment schedule that aligns with your budget and financial situation. If you need a longer time to repay the loan, you can opt for a 2 or 3 year term. But if you want to pay it back quicker, a 3 or 6 month term is available. The flexibility with terms is advantageous compared to other lenders.

Easy Application

The application process with Blue Mountain Loans is quick and easy. You can apply online in minutes and get a fast decision. There is minimal paperwork required compared to other loan options. Approval decisions are also fast, often on the same day. The easy application process makes it more convenient to get the financing you need. Overall, the application is smooth and straightforward with Blue Mountain Loans.

Cons of Blue Mountain Loans

Blue Mountain Loans may not be the right choice for everyone. Here are some potential downsides to consider:

High Interest Rates

  • Blue Mountain Loans typically charge higher interest rates compared to traditional bank loans or lines of credit. Their rates can run from 10% to as high as 35% APR depending on your credit history and other eligibility factors. This is significantly higher than rates from mainstream lenders.

  • The high interest costs can make these loans expensive if not paid back quickly. Interest charges add up over time, increasing your total repayment amount. This can lead to a debt cycle if you continually need to reborrow to cover payments.

  • Be sure to calculate the total interest costs over the full loan term before borrowing. Make sure you can afford the payments to avoid dangerous debt levels.

Strict Eligibility

  • Blue Mountain has strict credit score and income requirements you must meet to qualify for a loan. Applicants typically need a FICO score of at least 600 and stable income.

  • If you have bad credit or limited income, you may not qualify. Those with the most financial struggles can have trouble getting approved.

  • The eligibility criteria is stricter than some competitors, limiting the applicant pool. Make sure you review the requirements carefully before applying.


  • Blue Mountain charges origination fees on their loans. This upfront fee is taken out of the approved loan amount. Typical origination fees range from 1% to 6% of the total loan value.

  • Late fees, returned payment fees, and early repayment penalties may also apply. Make sure you understand the full costs and fine print before borrowing.

  • Too many fees can reduce the actual loan amount you receive and make payments unaffordable. Shop around to find lenders with lower fees.

Eligibility Requirements

To qualify for a loan from Blue Mountain Loans, you must meet certain eligibility criteria. Here are the key requirements:

Credit Score

Your credit score is one of the main factors Blue Mountain Loans considers when reviewing your application. They generally look for a minimum credit score of 620 to qualify for a loan. The higher your score, the better your chances of approval and lower interest rates. Applicants with poor credit scores below 580 will likely not qualify.


You must have sufficient income to qualify for a Blue Mountain Loans personal loan. As a guide, you’ll need a minimum annual income of $18,000 to be considered. The exact income requirements can vary depending on your debt-to-income ratio and other factors. Providing pay stubs or tax returns can help verify your income. Higher incomes improve your chances of qualifying.


Having stable employment is key for approval. Blue Mountain Loans wants to see that you have held your job for at least 6 months and have reliable monthly income. If you are self-employed, you may need to provide additional documentation such as tax returns. Retirees can qualify with retirement income sources. Unemployed applicants generally do not meet the eligibility criteria.

Overall, Blue Mountain Loans looks for applicants with healthy credit scores, steady incomes, and employment history. Meeting these main eligibility requirements gives you the best shot at qualifying for one of their personal loans. Check their website or speak to a representative to learn more about specific eligibility standards.

Interest Rates and Fees

Blue Mountain Loans offers competitive interest rates and fees compared to other personal loan lenders. Here are some key details on their rates and fees:

Interest Rates

  • Interest rates range from 5.99% to 35.99% APR, depending on your credit score and other eligibility factors. The higher your credit score, the lower your interest rate will be.

  • Interest rates are fixed for the life of the loan. Your monthly payments will remain the same over the full loan term.

  • Interest rates are generally higher than rates from traditional banks, but can be lower than some payday lenders or credit cards.

Origination Fees

  • Blue Mountain charges an origination fee ranging from 1% to 6% of the total loan amount. This fee is deducted from the loan proceeds when funds are disbursed.

  • The origination fee varies based on your credit score and other eligibility factors. The higher your credit score, the lower the origination fee.

Late Fees

  • If you miss a payment, Blue Mountain will charge a late fee. The late fee is 5% of the overdue payment amount.

  • For example, if your monthly payment is $100 and you are 10 days late, you’ll be charged a $5 late fee.

  • Paying late can also result in additional interest charges over the life of the loan. It’s important to pay on time each month.

So in summary, interest rates and fees are competitive but you’ll get the best terms if you have good credit. Be sure to make payments on time to avoid late fees.

Alternatives to Blue Mountain Loans

Blue Mountain Loans offers short-term personal loans, but there are other options borrowers may want to consider before taking on a high-interest loan.


Banks typically offer personal loans with lower interest rates and longer repayment terms than payday lenders. While qualifying can be challenging for borrowers with low credit scores, banks may offer more affordable rates for borrowers with good credit. Loan amounts at banks often range from $1,000 to $50,000 with APRs between 6% and 36%.

Credit Unions

Like banks, credit unions provide personal installment loans with lower rates than payday loans. Credit unions are nonprofit organizations focused on serving members rather than making profits. Borrowers with low credit scores may find it easier to qualify with a credit union. Loan amounts are often between $500 and $10,000 with reasonable APRs.

Peer-to-Peer Lending

Peer-to-peer lending networks like Prosper and LendingClub allow borrowers to receive loans funded by individual investors. Interest rates may be lower than traditional lenders and loan amounts up to $40,000 are available. Peer-to-peer lending uses factors besides credit scores to determine approval. This can help borrowers with poor credit access more affordable loan options.


Blue Mountain Loans is a financial company that offers personal loans to consumers. Some key points about the company and its loan products include:

  • Blue Mountain Loans offers unsecured personal loans from $1,000 to $35,000. Loan terms range from 2 to 5 years.

  • To apply for a loan, borrowers can complete an online application in minutes. Loan decisions are made quickly, often on the same day.

  • The company markets itself as providing an easy loan process for borrowers with fair credit. Approval is based on income and ability to repay rather than credit scores.

  • Interest rates start at 5.99% APR, which is competitive for personal loans. There are no prepayment penalties.

  • Blue Mountain Loans is an online lender with no physical branches. Customer service is handled via phone, email, and online chat.

  • While convenient, borrowers sacrifice the personalized service of a community bank or credit union. Everything is handled digitally.

  • The company has been lending since 2007 and has positive reviews online. However they are not accredited by the BBB.

  • Overall, Blue Mountain Loans provides a simple option for personal loans up to $35K. They cater to borrowers with fair credit and easy online process.

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