LendingPoint Personal Loans

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LendingPoint Personal Loans
in Personal Loans from LendingPoint LLC

LendingPoint Personal Loans

in Personal Loans from LendingPoint LLC
SuperMoney Net Recommendation Score +43  


This product is mostly recommended by SuperMoney users with a score of +43, equating to 3.9 on a 5 point rating scale.


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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Community Rating Mostly recommended
APR  (Fixed APR) 9.99% - 34.99%
(Verified 08/04/2023)
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
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Funding available within 1 business day.
  • APRs as high as 34.99%.
  • Charges an origination fee of up to 6% of the loan amount.
  • Charges a late fee

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.

Lending Point Interest Rates & Loan Terms
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.

Lending Point 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.

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
Lending Point Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
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.

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: 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

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.

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

Other Services by LendingPoint LLC


  Available in 41 states and Washington, D.C.
  • 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%
Checking Account Required
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Other
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 $45,000
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Income
Credit Score Range 620 - 850
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-Qualified Soft Credit Inquiry
APR Type Fixed APR
Loan Amount $2,000 - $36,500
APR (Fixed APR) 9.99% - 34.99%
(Verified 08/04/2023)
Loan Term 24 - 60 months

LendingPoint Personal Loans Community Reviews


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This product is mostly recommended by SuperMoney users with a score of +43, equating to 3.9 on a 5 point rating scale.


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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