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.
The whole process was very fast, personnel were very friendly and helpful. I would recommend this company who needs a loan to apply.
Although the interest rates are not the best, they ARE lower than most of my credit card rates. So, I borrowed a less-than-originally-planned-to amount to pay off only the credit cards with rates higher than the rates being offered by Lending Club. It was fast and easy and I loved that I was under no obligation to accept ANY offers. I LOVED that I was given several different options to choose between (exact amount asked for, higher amount, lower amount) and different time frames to pay (3-yr., 5-yr, etc.). Just overall very, very happy with my decision to check out Lending Club!!!!
They were responsive and quick to get the loan processed.