Last Updated: 04/18/2025
SuperMoney User Recommendation Score +45
Mostly recommended31 total votes
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Highlights
Community Rating
Mostly recommended
APR (Fixed APR)
7.99% - 35.99%(Verified 06/21/2024)
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Amount Range
$2,000 - $36,500
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Loan Term (Months)
24 - 72
Number of Reviews
LendingPoint Personal Loans Review
LendingPoint Personal Loans is offered by LendingPoint LLC, a direct lender founded in 2014 and based in Kennesaw, GA. Lending Point are available in 41 states and Washington, DC.
Key Takeaways
- APRs starting at 7.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for LendingPoint Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- Prequalified rate. You can check your prequalified rate at LendingPoint LLC with a soft pull that will not affect your FICO or VantageScore.
- Origination fees of 0% to 6%. This is on the high end for lenders on SuperMoney's database. Don't forget that these fees are deducted from the loan amount, so take them into account when deciding how much money to borrow.
- Super long loan terms. LendingPoint Personal Loans offers loan terms of up to 72 months. Most personal loans have a maximum term of 60 months.
Lending Point Pros & Cons
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Lending Point FAQ
What interest rates and personal loan terms does Lending Point offer?
Lending Point has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Lending Point offer?
Lending Point offers a fixed APR personal loan product that ranges from 7.99% APR up to 35.99% APR.
How much can you borrow via Lending Point?
Personal loan amounts start at $2,000 and go up to $36,500
What is the maximum loan term you can get with Lending Point?
Lending Point offers loans with terms of up to 72 months.
| Personal Loan Amount | $2000 - $36500 |
| Loan Term | 24 - 72 months |
| APR | 7.99% - 35.99% |
What fees does Lending Point charge?
Does Lending Point charge an origination fee?
Lending Point may charge a personal loan origination fee of 0% to 6% of the personal loan amount . Lending Point deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does Lending Point charge a late fee?
Lending Point does not disclose whether it charges late payment fees.
Does Lending Point charge prepayment fees?
No, Lending Point does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | 0% - 6% |
| Prepayment Fee | No |
| Late Payment Fee | No |
What do you need to qualify for LendingPoint Personal Loans?
Applicants with a credit score of at least 620 and up to 850 may be eligible for LendingPoint Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher. LendingPoint Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by LendingPoint Personal Loans.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Credit Score | 620 - 850 |
What is the estimated funding time for a personal loan via Lending Point?
Lending Point will typically fund loans within 1 to 7 business days of approval and clearing necessary verifications.
Does LendingPoint Personal Loans report your account activity to credit bureaus?
Yes, LendingPoint Personal Loans reports to the following credit bureaus:
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does LendingPoint LLC perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Lending Point allows you to check your rates with a soft credit pull.
Are LendingPoint Personal Loans legit?
LendingPoint LLC was founded in 2014, it is a well-established company that has been in business for 12 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
LendingPoint Personal Loans Disclosure: Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. Loan approval is not guaranteed. Actual loan offers and loan amounts, terms, and annual percentage rates ("APR") may vary based upon LendingPoint's proprietary scoring and underwriting system's review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees from 0% to 7% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $2,000 to $36,500, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $1,500. For a well-qualified customer, a $10,000 loan for a period of 48 months with an APR of 24.34% and origination fee of 7% will have a payment of $327.89 per month. (Actual terms and rate depend on credit history, income, and other factors.) Customers may have the option to deduct the origination fee from the disbursed loan amount if desired. If the origination fee is added to the financed amount, interest is charged on the full principal amount. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Lending Point
Message from our editor
What We Love About LendingPoint Loans
This company's biggest selling point is that they work with subprime and less-than-perfect credit and still provide personal installment loans with reasonable interest rates. People with less-than-perfect credit who want access to reasonable terms, fair rates, and quick cash will find that LendingPoint has a lot to offer. Plus, the company will even report to the credit bureaus, allowing you to improve your credit rating by repaying the loan in a timely fashion.
Rather than relying solely on your credit score, LendingPoint will look at the various aspects of your financial history to determine your overall risk. This allows consumers who may have had some struggles to still have a fair chance.
What Could LendingPoint Do Better?
The biggest drawback here is that loan amounts and terms are restrictive. The maximum loan amount might not be enough for all borrowers, and some people may want to start repayment sooner than what is outlined in the loan agreement. However, if these are the biggest flaws that can be found, LendingPoint is worth the look for personal loans.
LendingPoint's Backstory
LendingPoint was founded in 2014, so it’s one of the newer companies on the market today. However, the company was founded by those who come from working capital lenders and understand consumers' needs when it comes to direct lending. The brand is committed to providing various loan solutions for people that can be used for house repairs, car repairs, vacation, and other needs.
Because the company is a direct lender, they can approve all applications instantly and provide better terms and rates than you might find with third-party lenders.
The Verdict
For those who need quick cash, LendingPoint offers access to fixed installment loans with competitive rates, but they also do it for people who have less than perfect credit, which isn’t always offered. However, you’ll still need to get a few quotes to make sure they’re the right fit.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed