LendingClub Ratings & Reviews

Write Review

LendingClub

(4.6 of 5) 2867 Reviews

95% of our customers would recommend this lender.

About LendingClub

LendingClub is America’s #1 credit marketplace, transforming banking to make it more efficient, transparent and consumer friendly. Since 2007, LendingClub has funded more than $26 billion dollars in loans. Through LendingClub, you can get a low, fixed...

Read more

Customer Reviews

Write Review

2867 Reviews

(4.6 of 5)
  • Lender Review
    from Brooklyn, NY Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Personal Loan
    Services:
    I'm currently working with this lender
    Date of Service:
    July 20, 2017

    IT

    This company is working backward. Not as informative and intutive as it is suppose to be.

    Was this review helpful?

    We're sorry you found the application and verification process cumbersome but we appreciate your feedback. Once you've submitted your application, we may ask for additional information or documents to verify your identity, income, and employment status. We’ll notify you if there’s something we need, but you can also view the To-Do List in your Account Summary at any time to see what we're waiting for.
  • Lender Review
    from Yonkers, NY Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Personal Loan
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    July 20, 2017

    Upset

    They still want approve me for a small loan.

    Was this review helpful?

    Hi, Sorry we weren't able to help this time. We use technology to speed the decision process and make things easier for our customers - it's one of the ways we're different. We do check credit (which you would have had to authorize us to do), but we want to reassure you that unless you're offered a loan and accept it, there's no effect on your credit score. We'd be happy to talk to you about specifically what may have impacted your ability to qualify if you want to give us a call. (You can also view these reasons in your account summary if you don't feel like chatting).
  • Lender Review
    from Langhorne, PA Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Personal Loan
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    November 16, 2015
    Loan Closed On:
    November 23, 2015

    Rude and keep calling until you answer

    I already have a loan with them and my first experience was great. I am taking out a second loan and they call non stop and don't leave a message. 4 calls a day today I finally had a chance to answer the call and asked the guy why they keep calling and don't leave a message he replied do you want a personal loan or not. I asked the question again this time he said this company doesn't leave messages do you want a personal loan or not... Read More

    Was this review helpful?

    Hi, We're sorry this happened to you and encourage you to report this to authorities, as it appears you were the victim of an ongoing scheme where the Lending Club name is used by fraudsters. We became aware of this scheme and immediately met with the United States Secret Service, as well as filed complaints with the FBI and FTC (FBI Complaint Id: I1309251131004212, FTC Complaint Id: 48697737). We encourage you to add your voice to these complaints to try to prevent this happening to others in the future. Although we're unsure how the fraudsters became aware of you, what we've seen in the past is that they contact the victim using the Lending Club name or a variation of Lending Club. Funds are usually transferred to the fraudsters through the use of a Green Dot or Vanilla Visa card (or similar device), companies with whom Lending Club has no relationship and were not affiliated with Lending Club. The money you sent wasn't sent to Lending Club but likely was delivered directly to the fraudsters.
  • Lender Review
    from Chicago, IL Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Personal Loan
    Services:
    I'm currently working with this lender
    Date of Service:
    July 5, 2017

    Not what you expect

    Should have known it was too good to be true. The loan process was super easy, but they neglected to provide the FINE print. I did read the disclosure documents, and did not see anything that said they would be taking $3,200 away from my loan. If I would have known, I would not have proceeded with the loan.

    Was this review helpful?

    We're sorry you were unhappy with your experience. As a marketplace, LendingClub generates revenue from fees including transaction fees from our platform’s role in matching borrowers with investors to facilitate loan originations. As a borrower, you'll pay a nonrefundable lender one-time origination fee between 1.00% to 6.00% of the loan amount, depending on your loan grade and credit rating. It's deducted from your loan proceeds, so the loan proceeds you receive will be less than the full amount of the issued loan. Since it's based on your loan amount, it's calculated after you're approved, but all our rates and fees are clearly disclosed on our website and in your truth in lending statement.
  • Lender Review
    from Conyers, GA Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Personal Loan
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    June 6, 2017

    LendingTree?

    I talked to one unintelligible gentleman who said I had not enough credit to get a $8000 personal loan for my home. I do not think I could be interested in using your financial loans.

    Was this review helpful?

    We're sorry to hear that you had a negative experience, and we'd like to learn more and see if we can help. If you would like to discuss this further, please contact our Member Support line.
  • Lender Review
    from West Henrietta, NY Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Personal Loan
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    May 31, 2017

    Trash.

    Trash.

    Was this review helpful?

  • Lender Review
    from Norfolk, VA Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Auto Loan or Auto Refinance
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    May 22, 2017

    Waste of time

    They send me a approval code then reject me.

    Was this review helpful?

    Thanks for your application and feedback. We understand that you're disappointed, and we'd like to clarify the pre-approval process. We use information provided by credit bureaus, including credit score, outstanding debt, payment history, and recent credit activity, to identify potential borrowers, and send pre-approved loan offers based on those criteria. We verify this by requesting updated information from credit bureaus. We also request additional information, such as income and employment status. Both sets of information are used to determine if an applicant qualifies for a loan offer. Common reasons for being declined for a loan after receiving a pre-approved offer are that an applicant’s current outstanding debt is too high relative to their income or that changes have occurred in their credit report since pre-screening. The specific reasons why a loan application was declined are provided in an Adverse Action Notice. If you've received an Adverse Action Notice, you can again review it by logging into your Account Summary. Please note that the pre-screening process and loan application do not affect credit score, because neither action is reported to credit bureaus as a hard credit inquiry. You’re eligible to apply again for a loan via Lending Club thirty days after the date of the last application. Thanks, Lending Club Member Support
  • Lender Review
    from Hephzibah, GA Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Home Purchase
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    May 13, 2017

    Not so easy to get a loan.

    Try to get a loan, said it had an offer from me then no offer, no so easy system if you ask me.

    Was this review helpful?

  • Lender Review
    from Dansville, MI Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Personal Loan
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    November 16, 2016

    Credit change

    Don't know why can't receive a loan to pay off all my credit cards even with co signer?

    Was this review helpful?

  • Lender Review
    from Shrewsbury, PA Confirmed LendingTree Customer
    (1 of 5)
    Reviewed:
    Loan Type:
    Auto Loan or Auto Refinance
    Services:
    None - we connected, but I didn't move forward
    Date of Service:
    May 4, 2017

    Unsatisfied

    Does not give a full time employer a chance to get a small loan of 1900$ for a down payment and I could pay the loan off within two weeks just needed the down payment right now.... very sad...

    Was this review helpful?

LendingClub is America’s #1 credit marketplace, transforming banking to make it more efficient, transparent and consumer friendly. Since 2007, LendingClub has funded more than $26 billion dollars in loans. Through LendingClub, you can get a low, fixed rate personal loan of up to $40,000 to consolidate your high-interest rate debt, make home improvements, or finance the major purchase of your dreams! Our convenient online application makes it easy and there are never any prepayment penalties. Check your rate today without hurting your credit score and you could have the money you need in as few as 5 days. All loans made by WebBank, Member FDIC.