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Last Updated: 07/09/2025

LendingClub Auto Purchase Loan

in Auto Loans from LendingClub Inc

Last Updated: 07/09/2025

LendingClub Auto Purchase Loan logo
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Highlights

Amount Range

$5,000 - $55,000
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APR (Fixed APR)

5.49% - 24.99%(Verified 07/09/2025)
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Credit Score Range

600 - 850
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Loan Term (Months)

12 - 60
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LendingClub Auto Purchase Loan Review

LendingClub Auto Purchase Loan is offered by LendingClub Inc, a marketplace lending platform founded in 2007 and based in San Francisco, CA. Lending Club Auto refinance are available in 50 states and Washington, DC.

Lending Club Auto refinance FAQ

How much can you borrow via Lending Club Auto refinance?

Lending Club Auto refinance loan amounts start at $5,000 and go up to $55,000.

What APR does Lending Club Auto refinance offer on its car loans?

Lending Club Auto refinance offers a fixed apr car loan product that ranges from 5.49% APR up to 24.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Lending Club Auto refinance?

Lending Club Auto refinance has car loans with terms ranging from 12 to 60 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Lending Club Auto refinance charge an origination fee?

No, Lending Club Auto refinance does not charge a loan origination fee.
An auto loan origination fee is what some lenders charge for processing an auto loan application and funding an auto loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Lending Club Auto refinance charge a late fee?

Yes, Lending Club Auto refinance charges borrowers with a late payment penatly fee of up to $15

Does Lending Club Auto refinance charge prepayment fees?

No, Lending Club Auto refinance will not charge you a fee for paying your loan early. Whenever possible choose lenders like Lending Club Auto refinance that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Lending Club Auto refinance loan?

Yes, you can. Lending Club Auto refinance does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for LendingClub Auto Purchase Loan?

Applicants with a credit score of at least 600 and up to 850 may be eligible for LendingClub Auto Purchase Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
LendingClub Auto Purchase Loan 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 LendingClub Auto Purchase Loan. Not all companies will work with visa holders. LendingClub Inc does offer its services to temporary resident visa holders such as F1 or H1B holders.
To qualify, applicants may need to provide the following documentation:
  • Recent pay stubs
  • Proof of income
  • Driver's license or other government photo ID
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Lending Club Auto refinance?

Lending Club Auto refinance will typically fund the car loan within 7 business days of approval.

Does LendingClub Auto Purchase Loan report your account activity to credit bureaus?

Yes, LendingClub Auto Purchase Loan reports to the following credit bureaus:
  • Equifax
  • 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 LendingClub Inc 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 Club Auto refinance allows you to check your rates with a soft credit pull.

Is LendingClub Inc a legit company?

LendingClub Inc was founded in 2007, it is a well-established company that has been in business for 19 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

LendingClub Auto Purchase Loan Disclosure: The APR ranges from 5.99% to 35.89%. For example, with a credit grade of A1 you could receive a loan of $10,000 with an interest rate of 5.32% and a 1.00% origination fee of $100 for an APR of 5.99%. In this example, you will receive $9,900 and will make 36 monthly payments of $301.15. The total amount repayable will be $10,841.40. Your APR will be determined based on your credit at time of application. The origination fee ranges from 1% to 6% and the average origination fee is 5.47% as of Q3 2016. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.lendingclub.com website. All loans made by WebBank, Member FDIC. All loans via Lending Club have a minimum repayment term of 36 months or longer.

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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.

LendingClub Auto Purchase Loan logo

Message from Lending Club Auto refinance

Paying off your existing car loan and refinancing into a new one could help you save money—$80 per month on average—by scoring a lower interest rate. If you’re still using dealer financing, rates have likely dropped since you got your existing loan. So, if you’ve been keeping up with your payments, now could be a great time to check your rate and save. Tell us a little about yourself and your vehicle, and, if you qualify, you’ll instantly receive multiple auto refinancing offers that could help you save. Select the offer you like best and complete our easy online application. We may ask you for more information, if needed. We’ll pay off your previous lender on approval of your new auto refinance loan. It’s that simple!

Contact

Headquarters

595 Market St
Suite 200
San Francisco, CA 94105
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Hours of Operation

Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day

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