Lantern Finance (lantern.finance) has a 4.9 out of 5 rating on OK.one, based on 62 user reviews collected here. It is listed under Money & Insurance and its reputation is excellent. Praise is nearly unanimous, with 97% rating it 4 stars or higher; The business has replied to 100% of negative reviews. Last updated 2026-08-10.
Amazing experience using Lantern. Super easy interface. Top tier customer service with Jeff who really took the time to explain the program. He is the reason that we ultimately decided to move forward. Great rates.
We will definitely use their service again. Kudos!!
Reply from Lantern Finance2026-01-11
Thank you for the kind words, and agreed - Jeff is fantastic!
The company processed the paperwork within 24 hours.
The company processed the paperwork quickly, and the funds required arrived on time. Also, I attempted to call the number, and received a prompt return call who could respond to my initial questions. Thanks for providing this reliable service.
Reply from Lantern Finance2025-12-30
Thanks for the review! Very glad that you're having a great experience with us.
Everything was extremely user friendly. I was able to get approved for my loan and funds in my account all within an hour or two. The prices are very fair and I’m extremely satisfied with my experience. I will be using Lantern Financial again in the future
Reply from Lantern Finance2025-12-15
Appreciate it Austin! Grateful to have you as a valued client and looking forward to serving you again in the future!
J
Jonathan J · 2 reviews · Experienced 2025-12-12 ·
★★★★★
Seamless and Simple
Seamless and simple! Finally, a platform that supports XRP-backed loans and that is based and regulated in the U.S. Really great and super easy to use. Also, payment is quick and can be received in US$. Thank you.
Reply from Lantern Finance2025-12-14
Thanks Jonathan, happy to hear you had a great experience with us!
B
Ben · 7 reviews · Verified · Experienced 2025-12-11 ·
★★★★★
Your best in service
Now this is the way defi was meant to be personalized trustworthy and expeditiously submitted all within 12 hours. Bravo to lantern finance thank you.
My experience with Lantern Finance has been great so far!
My experience with Lantern Finance has been great so far! It has been a nice smooth process so far! I'm hoping things will continue to go this well throughout the entire length of my loan. As far as my experience so far, I would definitely rate it 5 stars.
Reply from Lantern Finance2025-12-14
Thank you for the great review and for being a valued client of ours! As always, don't hesitate to reach out for any questions and/or feedback!
Easy process but shady payment options. You can set up auto pay for interest only. Besides that it's you to pay the principle back on time so you don't lose your collateral
Reply from Lantern Finance2025-12-06
Hey there, appreciate the feedback! However, to be clear, we don't have auto-pay for principal because our loans are interest-only. Basically, you don't need to pay the principal until the maturity date which is 12 months after your loan.
For your interest which is due each month, you can set up autopay since the amount is pre-determined. For principal, there is no pre-determined amount until loan maturity, so there is no amount that you can auto-pay, since you can choose to pay back different amounts (or none) each month. Also, you automatically get reminders that maturity is coming up, several times weeks before it is due. Even then, you are able to refinance to keep the loan for another 12 months, or just pay it off to release your collateral.
Hope that makes sense.
R
Ross · 1 review · Verified · Experienced 2025-12-03 ·
★★★★★
My Crypto loan experience 👌
My experience with Lantern Finance has been very positive. The interface is clean, intuitive, and easy to navigate. The onboarding flow is smooth, with registration and verification processed far faster than expected. Funding, loan deposits, and repayment confirmations were handled quickly, outperforming the speed of most traditional banks.
Reply from Lantern Finance2025-12-06
Thanks Ross, really great to hear that you had a smooth experience with our platform!