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LendingPoint Personal Loans

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LendingPoint Personal Loans

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in Personal Loans from LendingPoint LLC

SuperMoney Net Recommendation Score +34% 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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38 users recommend
3 users are unsure
18 users don't recommend
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Highlights
Highlights
Community Rating Mostly recommended
Loan Amount $2,000 - $25,000
APR  (Fixed APR) 15.49% - 34.99%
Loan Term 24 - 48 months
Number of Reviews 59

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 offered in 41 states (and Washington, DC).

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 personal loan APRs 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 charges 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 are 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.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid 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?

    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 can help improve your credit score.

    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: SuperMoney.com 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...

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    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.

    Other Services by LendingPoint LLC

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      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%
    Minimum Age 18
    Credit Score Range 590 - 720
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Minimum Annual Income $20,000
    Bank Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Supported Income Types
    • 1099 Misc. Income
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Joint Loan Applications Accepted
    • Individual Applications
    Verification Documents Required
    • Proof of Income
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence (Green Card)
    Loan Amount $2K - $25K
    Loan Term 24 - 48 months
    APR (Fixed APR) 15.49% - 34.99%

    LendingPoint Personal Loans Community Reviews

     

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