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.
Simple and easy process
Lending Club was actually the second option for me (should have been the first) but I tried another lender first that had a very weird final approval process and was declined because they said they could not verify my identity or what ever. Lending Club was a simple process and I was approved, fully funded, and money was deposited in my account in 3 business days. They also gave me a better interest rate than what I was preapproved for. The only thing I did not like was the fees which take a pretty sizable amount so if planning on using you should ask for more than you need. The staff is extremely friendly as I was having issues receiving emails from their auto generated system but in all I am very happy with them.
This is the best way to borrow money period. Straight forward and simple to understand. The hardest part is waiting and even then it was quicker than the response we got from our own bank that we deal with on a weekly basis. So very thankful to go from credit card rates of 29, 22, and 24 percent down to 11 as an overall. Thank you lending club for saving us from the evil of the plastic demons.
Super fast and easy.
This loan was the easiest loan I have ever received. Less than a week from start to finish of the process. Rate is good and so far service is excellent. I would recommend to anyone who needs a personal loan.