LendingClub

Lender Summary

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.

What they're saying

Ratings & Reviews
6253 Reviews
  • Interest Rates
    Excellent
  • Fees & Closing Costs
    Good
  • Responsiveness
    Excellent
  • Customer Service
    Excellent

Review Breakdown

Showing 1 star reviews | Show all reviews

Bad experience

My loan request was denied on 9/9/22. I obtained a loan from a different lender with a better interest rate. On 9/18/22 my loan request from Lending Club was approved and funds were sent to my creditors without me knowing. I had just paid everything off! Now, it's on me to get the funds back from the creditors, and the total loan amount to be paid in 30 days! Credit card companies will refund credit by check only. One company stated they had to wait 15 days prior to sending me a check that will take 10-15 days to get to me. That leaves me 2 days to get the funds to Lending Club. And that's with absolutely no problems with USPS! The amount of time I have spent on the phone is ridiculous! Getting the funds back should not be my responsibility since I was denied the loan!! Extremely poor business practice, and refusing to assist me with getting the funds back! I DO NOT RECOMMEND doing business with Lending CLub!!

  • Loan Type:

    Personal Loan
  • Review Type:

    Lender Review

Took Way Too Long

It took over 2 weeks to get my loan approved. Every day I would receive an email asking for the same documentation I had submitted the day before. I called the main number and was told they had everything they needed. But then….same email the next day asking for the same documentation. I finally gave up, and stopped responding. The loan finally went through.

  • Closed with Lender:

    Yes
  • Loan Type:

    Personal Loan
  • Review Type:

    Lender Review

Very bad experience

The experience was very bad didn’t got full money and they started charging me right away called customer service she just hung up the phone on me…emailed 2 days back no reply

  • Closed with Lender:

    Yes
  • Loan Type:

    Personal Loan
  • Review Type:

    Lender Review
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LendingClub

Customer Satisfaction rating is based directly on customer ratings and reviews. Customers rate lenders on their customer service, interest rates, fees and closing cost and overall experience.

LendingTree Certification:

The LendingTree Certification Program recognizes Lenders and Loan Officers with outstanding performance on the LendingTree Network, they are committed to providing exceptional customer service and are graduates of LendingTree University.

LendingTree Certification:

  • Certified Lender
    Certified Lenders have demonstrated their organizational commitment to employee development, at least 50% of their loan professionals have been certified while also providing exemplary service to LendingTree consumers.

Loan Officer Certifications:

  • Gold Leaf
    Gold Leaf is the cornerstone of the loan officer certification program and is designed to recognize loan officers committed to their own professional development while adhering to LendingTree best practices. Gold Leaf recipients know the fundamentals of LendingTree and online lending, they are equipped with the necessary skills to be best-in-class loan professionals.
  • Certified President's Club
    President’s Club is presented to an elite group of loan officers based on success levels in several areas including adherence to LendingTree best practices, commitment to professional development and dedication to customer excellence. Recipients have also met all Gold Leaf criteria.

LendingClub

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