LendingClub Personal Loans
in Personal Loans from LendingClub Inc
Claimed Visit Site Find My Best RateLendingClub Personal Loans
in Personal Loans from LendingClub Inc
Would you recommend LendingClub Personal Loans to your friends?
| Community Rating | Mostly recommended |
| Loan Amount | $1,000 - $40,000 |
| APR (Fixed APR) | 6.95% - 35.89% |
| Loan Term | 36 - 60 months |
| Number of Reviews | 14 |
LendingClub Personal Loans Review
LendingClub Personal Loans is a personal loan offering by LendingClub Inc, a marketplace lender based in San Francisco, CA. Founded in 2007, LendingClub Inc offers access to personal loans in 49 states (and Washington, DC).
What rates and terms does LendingClub Personal Loans offer?
What personal loan APRs does LendingClub Personal Loans offer?
LendingClub Personal Loans offers a fixed APR personal loan product that ranges from 6.95% APR up to 35.89% 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.
How much can you borrow via LendingClub Personal Loans?
Loan amounts start at $1,000 and go up to $40,000.
What can a personal loan from LendingClub Personal Loans be used for?
Personal loans from LendingClub Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.
What is the maximum loan term you can get with LendingClub Personal Loans?
LendingClub Personal Loans offers personal loans with terms ranging from 36 to 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
| Loan Amount | $1000 - $40000 |
| Loan Term | 36 - 60 months |
| APR | 6.95% - 35.89% |
What fees does LendingClub Personal Loans charge?
Does LendingClub Personal Loans charge an origination fee?
LendingClub Personal Loans charges a loan origination fee of 1% to 6% of the loan amount. LendingClub Personal Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Does LendingClub Personal Loans charge a late fee?
Yes, LendingClub Personal Loans may charge borrowers a late payment fee of up to $15, which is triggered if you're 15 days late.
Does LendingClub Personal Loans charge prepayment fees?
No, LendingClub Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
| Origination Fee | 1% - 6% |
| Prepayment Fee? | No |
| Late Payment Fee | $15 |
What do you need to qualify for a loan with LendingClub Personal Loans?
Applicants with a credit score of at least 600 can apply for a loan via LendingClub Personal Loans . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
LendingClub Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay the loan requested.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via LendingClub Personal Loans. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
- Proof of income
| Minimum Age | 18 |
| Bank Account Required? | No |
| Joint Applications Accepted? | Yes |
| Credit Score | 600 - 850 |
What is the estimated funding time for a personal loan via LendingClub Personal Loans?
LendingClub Personal Loans will typically provide a credit approval decision in less than an hour and fund the loan within 3 business days.
Does LendingClub Personal Loans report loan payments to credit bureaus?
LendingClub Personal Loans may report credit data to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Contact
- Headquarters
-
595 Market St
Suite 200
San Francisco, CA 94105 USA - Visit Site
Message from LendingClub Inc
Other Services by LendingClub Inc
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| No Prepayment Fee | |
| Late Fee After (number of days) | 15 |
| Late Fee Amount | $15 |
| Origination Fee | 1% - 6% |
LendingClub Personal Loans Community Reviews
Would you recommend LendingClub Personal Loans to your friends?
