Last Updated: 04/18/2025
SuperMoney User Recommendation Score +45
Mostly recommended31 total votes
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Highlights
Community Rating
Mostly recommended
APR (Fixed APR)
7.99% - 35.99%(Verified 06/21/2024)
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Amount Range
$2,000 - $36,500
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Loan Term (Months)
24 - 72
Number of Reviews
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 7.99%. Personal loan interest rates typically range between 9% and 36%. The starting rates for LendingPoint Personal Loans are on the lower end of the spectrum.
- Fast access to funds. If approved, LendingPoint LLC will send the money in as little as 24 hours.
- Prequalified rate. You can check your prequalified rate at LendingPoint LLC with a soft pull that will not affect your FICO or VantageScore.
- 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.
- Super long loan terms. LendingPoint Personal Loans offers loan terms of up to 72 months. Most personal loans have a maximum term of 60 months.
Lending Point Pros & Cons
| Pros | Cons |
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Lending Point FAQ
What interest rates and personal loan terms does Lending Point offer?
Lending Point has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Lending Point offer?
Lending Point offers a fixed APR personal loan product that ranges from 7.99% APR up to 35.99% APR.
How much can you borrow via Lending Point?
Personal loan amounts start at $2,000 and 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 72 months.
| Personal Loan Amount | $2000 - $36500 |
| Loan Term | 24 - 72 months |
| APR | 7.99% - 35.99% |
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?
Lending Point does not disclose whether it charges late payment fees.
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. LendingPoint Personal Loans does not have or does not disclose a minimum annual income eligibility requirement.
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 or other government photo ID
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
|
| Credit Score | 620 - 850 |
What is the estimated funding time for a personal loan via Lending Point?
Lending Point will typically fund loans within 1 to 7 business days of approval and clearing necessary verifications.
Does LendingPoint Personal Loans report your account activity to credit bureaus?
Yes, LendingPoint Personal Loans reports to the following credit bureaus:
- 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 build your credit.
Does LendingPoint LLC perform a hard credit pull?
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.
Are LendingPoint Personal Loans legit?
LendingPoint LLC was founded in 2014, it is a well-established company that has been in business for 12 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
LendingPoint Personal Loans Disclosure: Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. Loan approval is not guaranteed. Actual loan 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 7% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $2,000 to $36,500, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $1,500. For a well-qualified customer, a $10,000 loan for a period of 48 months with an APR of 24.34% and origination fee of 7% will have a payment of $327.89 per month. (Actual terms and rate depend on credit history, income, and other factors.) Customers may have the option to deduct the origination fee from the disbursed loan amount if desired. If the origination fee is added to the financed amount, interest is charged on the full principal amount. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.
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...
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.
Message from Lending Point
Message from our editor
What We Love About LendingPoint Loans
This company's biggest selling point is that they work with subprime and less-than-perfect credit and still provide personal installment loans with reasonable interest rates. People with less-than-perfect credit who want access to reasonable terms, fair rates, and quick cash will find that LendingPoint has a lot to offer. Plus, the company will even report to the credit bureaus, allowing you to improve your credit rating by repaying the loan in a timely fashion.
Rather than relying solely on your credit score, LendingPoint will look at the various aspects of your financial history to determine your overall risk. This allows consumers who may have had some struggles to still have a fair chance.
What Could LendingPoint Do Better?
The biggest drawback here is that loan amounts and terms are restrictive. The maximum loan amount might not be enough for all borrowers, and some people may want to start repayment sooner than what is outlined in the loan agreement. However, if these are the biggest flaws that can be found, LendingPoint is worth the look for personal loans.
LendingPoint's Backstory
LendingPoint was founded in 2014, so it’s one of the newer companies on the market today. However, the company was founded by those who come from working capital lenders and understand consumers' needs when it comes to direct lending. The brand is committed to providing various loan solutions for people that can be used for house repairs, car repairs, vacation, and other needs.
Because the company is a direct lender, they can approve all applications instantly and provide better terms and rates than you might find with third-party lenders.
The Verdict
For those who need quick cash, LendingPoint offers access to fixed installment loans with competitive rates, but they also do it for people who have less than perfect credit, which isn’t always offered. However, you’ll still need to get a few quotes to make sure they’re the right fit.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +45, or 3.9 on a 5-point rating scale.
+45
-1000+100
No one recommends
Everyone recommends
LendingPoint Personal Loans Community Reviews
Would you recommend LendingPoint Personal Loans to your friends?
SF
Subomi F.
Nov 12, 2023
May or may not recommend
LendingPoint made getting a personal loan a breeze! The application process was quick, and their team was super helpful. Got the funds I needed without any hoops to jump through. If you're looking for a hassle-free lending experience, I highly recommend LendingPoint.
BM
Bonnie M.
Jan 26, 2023
May or may not recommend
Setting me up on a temporary lower payment plan for three months should have me back on track for the February payment. In a time of severe financial strain, this service has allowed me to relax a bit. Having even a small amount of calm is really beneficial. What they've done for me is invaluable, and I appreciate it so much. What a relief to find a business that actually ...Show More
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I have found LendingPoint a great Loan company for me. Savannah Buford, my loan person, was kind, helpful & great to work with. I enjoyed emailing with her & she answered my questions. That isn't true of all other companies.
CC
Christopher C.
Aug 23, 2020
May or may not recommend
Credit Karma said I had a excellent chance in receiving a consolidation loan from Lending Point. My credit score was 664, a total of 5 credit cards with 3 of them with a zero balance, a home loan with a balance of $750,000 with excellent pay history, NO DEROGATORY CREDIT ON MY ENTIRE CREDIT REPORT and all I'm looking to do is consolidate 2 high interest credit cards with balances ...Show More
RA
Rebecca A.
Jun 24, 2020
May or may not recommend
I have found LendingPoint a great Loan company for me. Savannah Buford, my loan person, was kind, helpful & great to work with. I enjoyed emailing with her & she answered my questions. That isn't true of all other companies.
LL
Lucienne L.
Oct 31, 2019
May or may not recommend
I had an enormous amount of credit card debt and was trying to consolidate and start making serious efforts to paying it off. I tried a couple of places, and Lending Point was the best option both for amounts and interest rate. The process was painless, funding was quick and customer service has been excellent. Obtaining this loan helped my credit score and has put me ...Show More
JM
Jonathan M.
Aug 31, 2019
May or may not recommend
Very satisfied. Lending was quick with their decision and quick the deposit. Highly recommend them to others.
RR
Richard R C.
Apr 18, 2019
May or may not recommend
A very reputable lender with many great loan offers and rates.
CK
Christopher K.
Jan 4, 2019
May or may not recommend
Deborah Meier, Senior Loan Representative did an excellent job! She was very helpful & made the whole process painless & easy. I highly recommend anyone looking to get a loan through LendingPoint to ask for Deborah, you will be happy with your decision to have her guide you through the process!
Chris Kinney
DT
Dean T.
Aug 21, 2018
May or may not recommend
first they told me it was one rate. then after it funded it went up to 33%. then when they say they give you your login id and password, they don't. finally after I get my login set up, I go to make additional payments and it won't take my money. They make sure they get their auto withdrawl set up. Then when you want to make extra payments, they ...Show More
CT
Carol T.
Jul 16, 2018
May or may not recommend
Christopher Fuller is not a pleasant agent to work with. But I know he's just one bad apple giving Lending Point a bad name. Ask for someone else that has better customer service.
Jeremy S.
Jun 7, 2018
May or may not recommend
This is a predatory company. I applied through Lending Tree and only selected one financial institution--not Lending Point. The next day I get a phone call from Lending Point while I'm driving. I make the point that I'm driving and may not be the best time to talk, they push through. I think I am talking to the institution I chose--not Lending Point. I explain to the predatory salesperson, that ...Show More
U
Anonymous
Jun 2, 2018
May or may not recommend
While they fund quickly , they only allow payments they initiate. They refuse to disclose ABA and account information, so you can't pay additional payments that you initialize from your bank account. The interest is simple as opposed to accrued, but at rates over 20% even with biweekly repayment, you're hard pressed to pay down the loan. Stick with a lender that are open to additional payments that you can ...Show More
U
Anonymous
Dec 29, 2017
May or may not recommend
Great experience. Excellent customer service by Deborah. She helped me through the process and made it easy to do! Looking forward to the new year thanks to Debbie!
Tony C.
Dec 22, 2017
May or may not recommend
Deborah Meier she’s a wonderful awesome person to work with very happy over the phone, makes things more comfortable. Much Mahalo....
Charles H.
Dec 4, 2017
May or may not recommend
The loan was easy and fast Great service
U
Anonymous
Aug 18, 2017
May or may not recommend
All I have to say about Lending Point is, you guys are the GREATEST LENDING COMPANY IN THE HISTORY OF LENDING COMPANIES HANDS DOWN. Blake Mulkey, you are professional, polite and, A one 5 star for customertv service. I cant say enough great things about my experience with Lending Point.....ABSOLUTELY OUTSTANDING 5 STARS
U
Anonymous
Jul 28, 2017
May or may not recommend
I took out a loan with Lending Point a year ago. It was an uncomplicated process. They contacted me several times to refinance, I was reluctant but the low interest rate they were offering swayed me to accept in order to consolidate some other high interest loans. They said the money would be in my account in 2 days. It has been over a week. ...Show More
U
Anonymous
Aug 26, 2016
May or may not recommend
Anisa was great and the process went smoothly. The only downside is the interest rates but since it was a necessity, it had to be overlooked.
U
Anonymous
Jun 3, 2016
May or may not recommend
I applied for a loan with a credit score of 660 and was denied. Nerdwallet and other credit sites claim that Lending Point only requires a 600 fico minimum. My annual income is $40k, all credit cards are paid to up to date, I have major medical bills that went into collections that I am working on paying. Just paid off a 5yr car loan and my transmission needed a ...Show More
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