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 transaction process from applying to getting the money in your bank account was super quick and easy. Thank you!!
My wife and I am finally on our way to financial freedom, we have been working hard to [ay off our debt, but it has not been easy, we have been turned down many times for consolidation loans. But now with the help of the lending club and the low interest rate we can pay off our debt faster, and in the near future buy our dream house.
I came into an unexpected situation where I needed a $5000 loan, for bill consolidation and breathing room on other credit obligations.
I applied for a Lending Club $5000 loan. I was approved for up to $8000, at an excellent rate (< 10%).
This was even though I had a "low" credit score (660) due to high credit balances - but they were good enough to realize that I always pay, so I was a good risk.
I had the cash within a week, just a few questions, one in-person call, and confirmation of my bank account via a test deposit.
I plan on repaying this loan immediately after I consolidate, but I will use them again as it is a much better rate than credit cards.