A representative example of loan payment terms is as follows: you receive a loan of $13,411 for a term of 36 months, with an interest rate of 12.16% and a 5.30% origination fee of $711, for an APR of 15.99%. In this example, you will receive $12,700 and will make 36 monthly payments of $446.46. Loan amounts range from $1,000 to $40,000 and loan term lengths are 36 months or 60 months. Some amounts and term lengths may be unavailable in certain states. APR ranges from 8.05% to 35.89% and is determined at the time of application. Origination fee ranges from 3% to 6% of the loan amount. Lowest APR is available to borrowers with excellent credit. Advertised rates are subject to change without notice. Loans are made by LendingClub Bank, N.A., Member FDIC (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Loans are subject to credit approval and sufficient investor commitment before they can be funded or issued. Certain information that we subsequently obtain as part of the application process (including but not limited to information in your consumer report, your income, the loan amount that your request, the purpose of your loan, and qualifying debt) will be considered and could affect your ability to obtain a loan from us. Loan closing is contingent on accepting all required agreements and disclosures at Lendingclub.com. “LendingClub” is a trademark of LendingClub Bank.
Frustrating experience, third time not a charm
Third loan with Lending Club. First was 2017, five year, paid off earlier this year. Second was shortly after that and was a three year. Perfect payment history, paid off on time. First two loans were fast, simple, and straightforward (easy to get). This time was troublesome from first inquiry to application to a week and a half with no update to phone rep telling me I was approved while the website took 4 days to update to that. Keep in mind my credit score is about 100-120 points higher than when I easily got the first two loans, and my income is higher. When I paid off the loan a couple of months ago, I started getting letters and emails like crazy telling me how wonderful of a customer I was and giving me offers. When I called to ask for 5500 for 48 months, the lady told me I didn’t qualify. I can get 10K or 12K for 36 months or 60, but I “don’t qualify” for 48 months. what does that even mean? It means there are no real loan officers and everything they offer is computer generated. So I found a workaround, going to a loan hub site, and clicked on a Lending Club offer for my amount and my 48 months. It should have been the quickest approval possible, but it took about two weeks. And as I mentioned, the website didn’t update and I didn’t get the approval email until several days after calling in and getting the verbal. Had I known that despite my much improved credit score and debt to income and my two perfectly paid off loans, that I’d experience such slow and inconsistent service, I’d definitely have gone with another lender.
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So easy and convenient
The process was quick,easy and very simple to understand the terms. Was offered a variety of options and was able to fit the one best for me
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Thanks for be excellent
An easy way for equilebrate your budget. So fast and gentil. Donot hesitate for applyng. They are goid
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