
Best Of Product
LendingPoint Personal Loans
Would you recommend LendingPoint Personal Loans to your friends?
Community Rating | Mostly recommended |
APR (Fixed APR) |
9.99% - 34.99% (Verified 08/04/2023)
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Loan Amount | $2,000 - $36,500 |
Loan Term (Months) | 24 - 60 months |
Number of Reviews | 30 |
LendingPoint Personal Loans Review
LendingPoint Personal Loans is offered by LendingPoint LLC, a direct lender founded in 2014 and based in Kennesaw, GA. Lending Point are available in 41 states (and Washington, DC).
Key Takeaways
- APRs starting at 9.99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for LendingPoint Personal Loans are on the higher end of the spectrum.
- Fast access to funds. If approved, you can sometimes get your money within 1 business day*.
- Prequalified rate. You can check your prequalified rate at LendingPoint LLC with a soft pull that will not affect your credit score.
- Origination fees of 0% to 6%. This is on the high end for lenders on SuperMoney's database. Don't forget that these fees are deducted from the loan amount, so take them into account when deciding how much money to borrow.
- Minimum income of $45,000. You will need an annual income of at least $45,000 to apply for LendingPoint Personal Loans, which is above average for the lenders in our database.
Lending Point Pros & Cons
Pros | Cons |
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Lending Point FAQ
What interest rates and personal loan terms does Lending Point offer?
What interest rates does Lending Point offer?
Lending Point offers a fixed APR personal loan product that ranges from 9.99% APR up to 34.99% APR.
How much can you borrow via Lending Point?
Personal loan amounts start at $2,000and go up to $36,500
What is the maximum loan term you can get with Lending Point?
Lending Point offers loans with terms of up to 60 months.
Personal Loan Amount | $2000 - $36500 |
Loan Term | 24 - 60 months |
APR | 9.99% - 34.99% |
What fees does Lending Point charge?
Does Lending Point charge an origination fee?
Lending Point may charge a personal loan origination fee of 0% to 6% of the personal loan amount. Lending Point deducts the origination fee directly from your personal loan amount, so make sure you take this fee into account when deciding how much you need to borrow.
Does Lending Point charge a late fee?
No, Lending Point will not charge you a late fee if you miss one of the monthly payments.
Does Lending Point charge prepayment fees?
No, Lending Point does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
Origination Fee | 0% - 6% |
Prepayment Fee | No |
Late Payment Fee | No |
What do you need to qualify for LendingPoint Personal Loans?
Applicants with a credit score of at least 620 and up to 850 may be eligible for LendingPoint Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.To qualify for personal loans with LendingPoint Personal Loans, applicants need a minimum annual income of $45,000 or higher. LendingPoint Personal Loans only considers borrowers who are employed and meet the minimum income requirement.
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 Personal Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by LendingPoint Personal Loans.
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
Minimum Age | 18 |
Bank Account Required? | Yes |
Application Types Accepted |
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Credit Score | 620 - 850 |
What is the estimated funding time for a personal loan via Lending Point?
Lending Point will typically approve (or deny) a loan application within 24 hours and fund loans within 7 business days of approval.
Does LendingPoint Personal Loans report your account activity to credit bureaus?
Yes, LendingPoint Personal 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.
Are LendingPoint Personal Loans legit?
LendingPoint LLC was founded in 2014, it is a well-established company that has been in business for 9 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
Message From Lending Point
Message From Our Editor
Contact
- Headquarters
-
1201 Roberts Blvd #200
Kennesaw, GA 30144 USA - (888) 969-0959
- Visit Site
- Email Support
Other Services by LendingPoint LLC
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- 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
- Virginia
- Washington
- Washington, DC
Feature Breakdown
No Prepayment Fee | |
Origination Fee (%) | 0% - 6% |
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