4.7 of 5stars5133 Reviews
All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage and history. The APR ranges from 10.68% to 35.89%. For example, you could receive a loan of $6,000 with an interest rate of 9.56% and a 5.00% origination fee of $300 for an APR of 13.11%. In this example, you will receive $5,700 and will make 36 monthly payments of $192.37. The total amount repayable will be $6,925.32. Your APR will be determined based on your credit at time of application. The origination fee ranges from 2% to 6% (average is 4.86% as of 7/1/2019 – 9/30/2019). In Georgia, the minimum loan amount is $3,025. In Massachusetts, the minimum loan amount is $6,001 if your APR is greater than 12%. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the Lendingclub website. All loans via LendingClub have a minimum repayment term of 36 months or longer. Loans require sufficient investor commitment before they can be funded or issued.
I have repeatedly asked that I not be contacted re: loans, etc. from this company or its subsidiaries but they keep calling, texting, and won’t take NO, NO, NO for an answer!!!!!
It is easy to be approved for this loan. The interest is not much lower than your credit cards and they send many offers after you receive the loan with the purpose of refinancing your loan but if you calculate it, its less convenient than your original loan. I would suggest using a credit union if you're looking to pay off some of your debt. also they offer you a refund from your initial fee but it only happens if the fee is 5 percent of the loan, and they don't disclose that with you so I waited for a refund that was never coming.
Closed with Lender:
Annoying pop-up ads
I'm so sick of lendingtree's pop-up ads that I didn't consider them when I re-financed recently. Same annoying ads on multiple sites and usually blocking content.