Question 1

How much can you borrow via Lending point?

Accepted Answer

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

Question 2

What APR does Lending point offer on its car loans?

Accepted Answer

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... Learn More at SuperMoney.com

Question 3

What is the maximum auto loan term you can get with Lending point?

Accepted Answer

Lending point has car loans with terms ranging from 24 to 48 months. Having the option of longer terms -- some lenders offer terms that 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... Learn More at SuperMoney.com

Question 4

Does Lending point charge an origination fee?

Accepted Answer

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.

Question 5

Does Lending point charge a late fee?

Accepted Answer

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

Question 6

Does Lending point charge prepayment fees?

Accepted Answer

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.

Question 7

Can I pay off early my Lending point loan?

Accepted Answer

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

Question 8

What do you need to qualify for LendingPoint Auto Loans?

Accepted Answer

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. LendingPoint Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. U.S... Learn More at SuperMoney.com

Question 9

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

Accepted Answer

Lending point will typically fund the car loan within 7 business days of approval.

Question 10

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

Accepted Answer

Yes, LendingPoint Auto Loans reports to the following credit bureaus: Experian, and 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.

Question 11

Does LendingPoint LLC perform a hard credit pull?

Accepted Answer

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.

Question 12

Is LendingPoint LLC a legit company?

Accepted Answer

LendingPoint LLC was founded in 2014, it is a well-established company that has been in business for 12 years. Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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