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.
Today I spoke to a representative and she quoted an interest rate and dollar amount. However upon completing the application, it was denied. You should listen to the reviews, this place is a credit sucker. Do not use them for any loans, go to a bank and pay the extra fees.
Waste of time!
I went through the application process, verified my email account, verified my bank account with them, then when I was waiting their 2 weeks period to get the funding they cancelled my request saying that the reason was that they could not verify my phone number. Why not send me an email saying that they were having a problem reaching me? (I entered a wrong digit for the area code). No, they just cancelled the loan application and deleted my account from their system! Will never apply for another loan with them!
this lender respondes in less than 10 min to your application and denies it instantly why even bother wasting peoples time.