4.7 of 5starsRead Reviews
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.
I am extremely happy with my recent experience with obtaining a personal loan through Lending Club. The process was very easy and I had funds in my bank account within a few business days. I borrowed money to consolidate/payoff my credit cards and now have one monthly payment with a low interest rate. I would definitely use this process again and recommend it to other people. I borrowed $10,000 and my credit score was 722. I'm a very happy customer !!!
Very easy transaction. I gave them the information they requested, and I had the money in my account within a week.
I wanted to consolidate 2 credit cards, so as to not have them dwell on forever. I asked for a "personal" lone to pay those off, paying a specific amount each month to Lending Club, WITH an END date (unlike Credit Cards). Very happy. Transaction with Lending Club was great and I can see the light at the end of the tunnel!