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.
Honestly.. this was the EASIEST credit I have ever applied for! Not having to deal with a bank was priceless. (and I WORK in one!)Did not have to verify income, didn't even have to talk to ANYONE! This concept is fantastic. I LOVED it.. and will definitely recommend it to friends!! Warning, they do leave you hanging desperately to checking often for the new investors, but just when it seemed I wasn't going to make it.. boom. fully funded and deposited to my account 2 days later! Great, GREAT rate of 6.03% for Unsecured Loan?? Love, love, love..
North125 from Pittsburgh, PA
Reviewed in September 2012
LendingTree Customer:
Yes
Do you want to flag this review?
(4 of 5)stars
Recommended
Smooth And Simple
I was approved, my loan was 100% funded, and the money was in the bank in just over 2 weeks, including Labor Day holiday. Emails kept me informed as I worked through the process, which was very simple. Altogether a very smooth transaction. Interest rate is a little high, but not as high as the credit cards I'm paying off. I'm happy!
clippedwings from Shell Knob, MO
Reviewed in September 2012
LendingTree Customer:
Yes
Do you want to flag this review?
(5 of 5)stars
Recommended
excellent
They were great and offered me a low interest rate. I was able to pay off my marriage bills and consolidate to make it easier to pay back. Excellent customer servuce and quick responses.
memememe from Chandler, AZ
Reviewed in September 2012
LendingTree Customer:
Yes
Do you want to flag this review?
(4 of 5)stars
Recommended
Great Program
I found Lending Club to be a 4-5 star lender with excellent rates and low fees and closing costs. This is especially true for the shorter term loans and if you have a good credit rating. I would have ranked all 5 stars, but dislike the repayment methods somewhat and found the customer service to be slow in responding some of the time (not all of the time). I would definitely recommend checking out Lending Club when you have a loan need.
CAHardbarger from State College, PA
Reviewed in August 2012
LendingTree Customer:
Yes
Do you want to flag this review?
(1 of 5)stars
Adverse Action Notice
They were quick to get my credit score of 699 and then turn me down cause my total revolving balance exceeds income. I though the whole purpose for consolidating your credit into 1 loan is to not only acknowledge you want to get a grip on your debt, but pay off your creditors & be able to make an affordable monthly payment without having to declare bankruptcy. Didn't even offer any other loan option.
JerseyGirl98765 from Jersey,
Reviewed in August 2012
LendingTree Customer:
Yes
Do you want to flag this review?
(4 of 5)stars
Recommended
Good Service
Once I made my loan request I was 100% within the first week, and the loan proceeds were deposited into my checking account within one business day later. Customer service said it could take up to two weeks to get fully funded, but I moved through the process rather quickly.
The loan documents were easy enough for me to read, but then again, I'm an attorney, so maybe boilerplate contract language is not a mystery to me.
The only thing I could pick at is while you're given a blank promissory note (attached to the Loan Agreement as an appendix) to view as an example prior to the actual thing, you're never given a chance to review it once your loan is 100% funded and the money is deposited. I would have liked to review the PN one last time for any possible changes and to double check that the amounts, APY and interest rate were the same as was offered to me at the beginning. Fortunately for me, nothing changed, but as a matter of thoroughness, I would have liked the opportunity to review this.
I also like how dying is considered a form of default with Lending Club.
All things considered, if you have a good credit score, a stable income history, and realistic expectations you should have no trouble using Lending Club. Plus they beat every one of my local credit unions as far as rates and repayment terms.
Esquire from Fresno, CA
Reviewed in August 2012
LendingTree Customer:
Yes
Do you want to flag this review?
(5 of 5)stars
Recommended
LendingClub
My experience with LendingClub was super easy and my loan was fully funded within a week. Everything is handled electronically with the exception of verifying your phone number which requires a phone call.
Great concept for loans - micro-finance outside the financial services sector.
LisaC from Mooresville, NC
Reviewed in August 2012
LendingTree Customer:
Yes
Do you want to flag this review?
(4 of 5)stars
Recommended
Loan Process
I think the loan process was very quick. I am thankful that I was approved and it happened quickly. I think the interest rate is high, but I can see why.
Nicole from New Jersey,
Reviewed in August 2012
LendingTree Customer:
Yes
Do you want to flag this review?
(4 of 5)stars
Recommended
simpleas123
I applied for my loan on July 31st and by August 4th I was completely funded. I must admit I was skeptical @ first but once I understood the process it was great! Customer service was great and when I spoke with them they actually told me that I was going through the funding process rather quickly so that gave me hop***.great experience!!
Myfirstplace from Bronx, NY
Reviewed in August 2012
LendingTree Customer:
Yes
Do you want to flag this review?
(5 of 5)stars
Recommended
seamless process
Hello, from the beginning emails arrived on a regular basis keeping me updated. I emailed or faxed requested documents on time and each movement was acknowledged. I recommend this loan site to anyone looking for financial support and good customer service.
dabe from Plainfield, New Jersey
Reviewed in July 2012
LendingTree Customer:
Yes
Do you want to flag this review?
×
Thank you for sharing your experience
Here are a few tips for writing a top-notch review for a company in our marketplace:
Do
Don't
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 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 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.
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
Let's answer a few short questions and see what offers LendingClub and other lenders may have for you.
