LendingPoint Personal Loans

LendingPoint Personal Loans

in Personal Loans from LendingPoint LLC


LendingPoint Personal Loans


in Personal Loans from LendingPoint LLC

SuperMoney Net Recommendation Score -3%



Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Mostly not recommended

18 users recommend
3 users are unsure
19 users don't recommend
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Community Rating Mostly not recommended
APR  (Fixed APR) 15.49% - 34.99%
Loan Amount $2,000 - $25,000
Loan Term (Months) 24 - 48 months
Number of Reviews 40

LendingPoint Personal Loans Review

LendingPoint Personal Loans is offered by LendingPoint LLC, a direct lender founded in 2014 and based in Kennesaw, GA. LendingPoint Personal Loans is available in 41 states (and Washington, DC).

Key Takeaways
  • APRs starting at 15.49%. 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. In some cases you can get your money within 1 business day.
  • Prequalifed rate. You can check your prequalified rate at LendingPoint LLC with a soft pull that will not affect your credit score.
  • Origination fees of up to 6%. This is on the high end for lenders on SuperMoney's database. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
  • Minimum income of $20,000. You will need an annual income of at least $20,000 to apply for LendingPoint Personal Loans, which is below average for the lenders in our database
LendingPoint Personal Loans Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • APRs as high as 34.99%.
  • Charges an origination fee of up to 6% of the loan amount.
  • Charges a late fee.
LendingPoint Personal Loans FAQ

What rates and terms does LendingPoint Personal Loans offer?

LendingPoint Personal Loans has higher interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does LendingPoint Personal Loans offer?

LendingPoint Personal Loans offers a fixed APR personal loan product that ranges from 15.49% APR up to 34.99% 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.

How much can you borrow via LendingPoint Personal Loans?

Loan amounts start at $2,000 and go up to $25,000

What can a personal loan from LendingPoint Personal Loans be used for?

Personal loans from LendingPoint 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 LendingPoint Personal Loans?

LendingPoint Personal Loans offers personal loans with terms ranging from 24 to 48 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.

LendingPoint Personal Loans Rates & Terms
Loan Amount $2000 - $25000
Loan Term 24 - 48 months
APR 15.49% - 34.99%

What fees does LendingPoint Personal Loans charge?

Does LendingPoint Personal Loans charge an origination fee?

LendingPoint Personal Loans may charge a loan origination fee of 0% to 6% of the loan amount. LendingPoint 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 LendingPoint Personal Loans charge a late fee?

Yes, LendingPoint Personal Loans may charge borrowers a late payment fee.

Does LendingPoint Personal Loans charge prepayment fees?

No, LendingPoint 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.

LendingPoint Personal Loans Fees
Origination Fee 0% - 6%
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for LendingPoint Personal Loans?

Applicants with a credit score of at least 590 and up to 720 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 $20,000 or higher. LendingPoint Personal 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 Personal 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 Personal 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
LendingPoint Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • Credit Score 590 - 720

    What is the estimated funding time for a personal loan via LendingPoint Personal Loans?

    LendingPoint Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal 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.

    LendingPoint Personal 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 6% 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 $25,000, at rates ranging from a low of 15.49% APR to a high of 34.99% APR, with terms from 24 to 48 months.
    SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
    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.


    • Headquarters
    •   1201 Roberts Blvd #200
      Kennesaw, GA 30144
    •   Visit Site

    Other Services by LendingPoint LLC

    Message From LendingPoint LLC

    We’re passionate about helping you rewrite your credit story. We get to know your past, so we can concentrate on your future. By unlocking access to money at fair rates and flexible terms, we’re creating better loans for better lives.


      Available in 41 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
    • New York
    • 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
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Minimum Annual Income $20,000
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Recent Pay Stubs
    • Proof of Income
    • 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
    • Credit/Debit Card
    Pre-Approved Soft Credit Inquiry  
    Loan Amount $2,000 - $25,000
    APR (Fixed APR) 15.49% - 34.99%
    Loan Term 24 - 48 months

    LendingPoint Personal Loans Community Reviews


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    Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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