Last Updated: 04/18/2025
SuperMoney User Recommendation Score +45
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LendingPoint Personal Loans Review
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, 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 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
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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?
How much can you borrow via Lending Point?
What is the maximum loan term you can get with Lending Point?
| 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?
Does Lending Point charge a late fee?
Does Lending Point charge prepayment fees?
| 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.- 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 |
| Credit Score | 620 - 850 |
What is the estimated funding time for a personal loan via Lending Point?
Does LendingPoint Personal Loans report your account activity to credit bureaus?
- Experian
- TransUnion
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.Are LendingPoint Personal Loans legit?
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.
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