Regional Finance vs LendingClub: Which Personal Loan Lender Works for You?
Last updated 09/23/2025 by
Ante MazalinEdited by
Andrew LathamSummary:
Regional Finance is best for borrowers with fair-to-poor credit who need in-person service and smaller loan amounts. LendingClub is a peer-to-peer marketplace lender that offers larger loan amounts and longer repayment terms. Choose Regional Finance if you need accessibility and local branch support. Choose LendingClub if you prefer higher loan limits and an entirely online process.
Although both provide personal loans, their lending models are very different. Regional Finance focuses on accessible branch-based lending, while LendingClub connects borrowers to investors online. Let’s compare them directly.
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Quick Comparison: Regional Finance vs LendingClub Loans
| Feature | Regional Finance | LendingClub |
|---|---|---|
| Loan Amounts | $2,501 - $12,000 | $1,000 - $60,000 |
| APR Range | 24.00% - 35.99% | 6.53% - 35.99% |
| Loan Terms | 24 months - 60 months | 24 months - 72 months |
| Minimum Credit Score | 600 - 720 | 600 - 850 |
| Origination Fees | Up to 10% | 0% - 8% |
| Late Payment Fee | Up to $10 | $15 |
| Prepayment Fee | No | No |
| Checking Account Required | No | Yes |
| Pre-Qualified Soft Credit Inquiry | Yes | Yes |
| SuperMoney User Score | strongly recommended | mostly recommended |
About Regional Finance
Regional Finance operates primarily through branches across the U.S., making it a good option for borrowers who prefer face-to-face service or have limited online options. It specializes in loans for fair-credit customers.
Key Features:
- Branch-based lending model
- Accessible to borrowers with lower credit scores
- Smaller loan amounts compared to online lenders
About LendingClub
LendingClub is one of the most established marketplace lenders in the U.S., connecting borrowers to investors online. It’s best for those seeking larger loans and longer terms.
Key Features:
- Loan amounts up to $1,000 - $60,000
- Marketplace lending model
- Terms up to 24 months - 72 months
Key Differences Between Regional Finance and LendingClub
- Loan Amounts: Regional Finance offers $2,501 - $12,000, while LendingClub provides $1,000 - $60,000.
- APR Ranges: Regional Finance APRs are 24.00% - 35.99%, while LendingClub APRs are 6.53% - 35.99%.
- Loan Terms: Regional Finance terms are 24 months - 60 months, compared to LendingClub’s 24 months - 72 months.
- Borrower Focus: Regional Finance works with lower-credit borrowers in person; LendingClub is a digital platform for wider ranges.
- User Scores: strongly recommended vs mostly recommended on SuperMoney reviews.
Eligibility & Application Process
Here’s how their borrower requirements compare:
| Requirement | Regional Finance | LendingClub |
|---|---|---|
| Minimum Age | 18 | 18 |
| Credit Score Range | 600 - 720 | 600 - 850 |
| Checking Account Required | No | Yes |
| Soft Credit Inquiry for Prequalification | Yes | Yes |
Customer Reviews & Reputation
- Regional Finance: Rated strongly recommended. Customers value in-person service but report higher borrowing costs.
- LendingClub: Rated mostly recommended. Users appreciate larger loan options but mention origination fees and inconsistent approval times.
Which Lender Is Best for You?
Choose Regional Finance if you have fair or poor credit and want a local branch experience.
Choose LendingClub if you want larger loans, longer terms, and an online marketplace model.
Choose LendingClub if you want larger loans, longer terms, and an online marketplace model.
What’s Next
Explore detailed reviews to see borrower experiences, eligibility requirements, and current APR ranges:
Or explore more comparisons:
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LendingClub vs Best Egg – Peer-to-peer vs debt consolidation specialist.
Regional Finance vs Avant – Branch-based lending vs fintech access.
Regional Finance vs Upstart – In-person loans vs AI-driven approvals.
Regional Finance vs Best Egg – Local lender vs online debt consolidation loans.
LendingClub vs SoFi – Marketplace lending vs fintech perks.
LendingClub vs Best Egg – Peer-to-peer vs debt consolidation specialist.
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Key Takeaways
- Regional Finance is best for fair-credit borrowers seeking in-person support.
- LendingClub offers $1,000 - $60,000 with online convenience.
- Regional Finance loan amounts are smaller, while LendingClub provides more flexibility.
- Both charge origination fees and late fees.
FAQs
Does Regional Finance approve fair-credit borrowers?
Yes, it specializes in lending to fair- and poor-credit borrowers.
Does LendingClub charge origination fees?
Yes, LendingClub charges origination fees.
Which lender offers larger loans?
LendingClub offers larger loan amounts and longer terms.
Which is better for in-person service?
Regional Finance, since it operates local branches.
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