LendingPoint Auto Loans

LendingPoint Auto Loans

in Auto Loans from LendingPoint LLC


LendingPoint Auto Loans


in Auto Loans from LendingPoint LLC

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Credit Score Range 590 - 720
Loan Amount $2,000 - $25,000
APR  (Fixed APR) 9.99% - 35.99%
Loan Term (Months) 24 - 48 months

LendingPoint Auto Loans Review

LendingPoint Auto Loans is offered by LendingPoint LLC, a direct lender founded in 2014 and based in Kennesaw, GA. LendingPoint Auto Loans is available in 40 states (and Washington, DC).

Lending point FAQ

How much can you borrow via Lending point?

Lending point loan amounts start at $2,000 and go up to $25,000.

What APR does Lending point offer on its car loans?

Lending point offers a fixed apr car loan product that ranges from 9.99% APR up to 35.99% 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 point?

Lending point has car loans with terms ranging from 24 to 48 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 point charge an origination fee?

Yes, Lending point may charge a loan origination fee of 0% to 6% of the auto loan amount. Lending point deducts the fee directly from your auto loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.

Does Lending point charge a late fee?

Yes, Lending point charges borrowers with a late payment penatly fee

Does Lending point charge prepayment fees?

No, Lending point will not charge you a fee for paying your loan early. Whenever possible choose lenders like Lending point 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 point loan?

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

What do you need to qualify for LendingPoint Auto Loans?

Applicants with a credit score of at least 590 and up to 720 may be eligible for LendingPoint Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for auto loans with LendingPoint Auto Loans, applicants need a minimum annual income of $20,000 or higher. LendingPoint Auto Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via LendingPoint Auto Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by LendingPoint Auto Loans. Permanent resident / green card holders are also eligible to apply.

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
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Lending point?

Lending point will typically approve (or deny) a car loan application within 24 hours and fund the car loan within 7 business days of approval.

Does LendingPoint Auto Loans report your account activity to credit bureaus?

Yes, LendingPoint Auto Loans reports your account activity to the following credit reporting agencies:

  • 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 improve your credit.

LendingPoint Auto Loans Disclosure: Loan approval is not guaranteed. Actual loans 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 5% may apply depending upon your state of residence. Upon LendingPoint’s final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. LendingPoint makes loan offers from $3,500 to $20,000, at rates ranging from a low of 15.49% APR to a high of 34.99% APR, with terms from 24 to 48 months.
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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.

Message From LendingPoint Auto Loans

Get started with a simple application to see your payment options with no impact to your credit score. Select the best loan terms and monthly payment for you and provide some additional information to complete your application. Once approved, the funds could be in your account as soon as the next business day.


Other Services by LendingPoint LLC


  Available in 40 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington

Feature Breakdown

No Prepayment Fee
Origination Fee (%) 0% - 6%
Checking Account Required
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Minimum Annual Income $20,000
Supported Income Types
  • 1099 Misc. Income
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Verification Documents Required
  • Proof of Income
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Score Range 590 - 720
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • TransUnion
Customizable Payment Dates
Funding Time Range 1 - 7 days
Payment Options
  • Automatic Payments
  • Check by mail
Pre-Approved Soft Credit Inquiry
Loan Amount $2,000 - $25,000
APR (Fixed APR) 9.99% - 35.99%
Loan Term 24 - 48 months

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