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.
Transaction done with ease! Would definitely do business again.
Sherry from Metropolitian, DC
Reviewed in December 2014
LendingTree Customer:
Yes
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(5 of 5)stars
Recommended
satisfied customers
A good group of inv*******.quick and as we say in the south they "get r done".. 23k loan in my account 3 days after applying for a loan..
satisfiedcustomer from Huntsville, Alabama
Reviewed in November 2014
LendingTree Customer:
Yes
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(4 of 5)stars
Recommended
Fast and Easy
Got approved for a $4800 loan without perfect credit. The process was fast easy. My loan was fully funded within 4 days and the approval came shortly after that. Funds were in my account 2 days later. Responses to my email inquires about the process and loan itself were prompt and informative. The only thing I was a bit disappointed with was the origination fee for the loan, which I felt was a bit high. Overall a great experience though, and I would recommend giving them a try.
Jenn from Bedford, TX
Reviewed in November 2014
LendingTree Customer:
Yes
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(4 of 5)stars
Recommended
Very Easy!
Simple, quick, and easy. I've never gotten a loan so quickly without all the tedious hastle of sitting in a bank most of the day and doing paperwork. Customer service was fast, helpful, and very friendly. Would recommend Lending Club to anyone!
Lizzy from Houston, TX
Reviewed in November 2014
LendingTree Customer:
Yes
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(5 of 5)stars
Recommended
Quick and easy
Approved quickly with reasonable rate.
DaveI from Alabama,
Reviewed in November 2014
LendingTree Customer:
Yes
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(5 of 5)stars
Recommended
I Wish I Had Paid Attention to my Mail Sooner
I cannot help but provide an outstanding review for both the LendingTree and Lending Club. I would frequently receive solicitations from both but thought, “my credit card payments are manageable”. Then I really started to pay attention to the ridiculous interest rates I was being charged and I knew things had to change. The Lending Club has given me the opportunity to do that.
I applied on-line on a Sunday, 10/26. By Friday (10/31), the funds were available for me to pay off my credit card bills.
The process was very simple. I applied for credit on the Lending Tree site and offers were made by a number of brokers offering favorable loan terms. A confirmation email was sent by Lending Tree advising me that I was pre-approved. That was at 11:11AM. At 11:12, Lending Club made initial contact through email, encouraging me to look at my offers. Of course, I selected Lending Club and an investor funded by loan 100% within minutes. By 11:22, Lending Club sent me an email about my bank account information, what I could expect from the process and what I needed to do. At 11:23, I was asked to verify my email address. By 10/28, my loan was fully approved. By the 29th, I received notice that funds would be deposited into my account.
You may think that my outlining times is just a little extreme but I cannot even begin to describe the simplicity of the process and just the efficiency of the response. Investors want you to borrow their money…they do not want to put you in “debtor’s prison” by charging you exorbitant interest. Yes, I know about the Lending Club’s commission but I will pay it happily knowing that I have a set amount to pay, for a set period of time, based on an APR that will not fluctuate based on whimsy as is the practice with some credit card companies. I will pay for that convenience and stability.
All I know is that I am breathing a sigh of relief as the Christmas season draws nearer so THANK YOU LendingTree, Lending Club and my investor in San Mateo. Also, a shout out to “Andrew” for being so professional and efficient in helping me to move my payment date. Seems like the Lending Club is doing everything right by me.
Glenda from Oahu, Hawaii
Reviewed in November 2014
LendingTree Customer:
Yes
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(5 of 5)stars
Recommended
Excellent
Great customer services, would recommend to a friends.
Aldo2066 from New York,
Reviewed in October 2014
LendingTree Customer:
Yes
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(5 of 5)stars
Recommended
pleased
Quick service no hassle.
JP31 from Syracuse Ny,
Reviewed in October 2014
LendingTree Customer:
Yes
Do you want to flag this review?
(5 of 5)stars
Recommended
A1 Satisfied
Very pleased and satisfied with how easy and simple the whole process was. I'm glad Lending Club found me.
oifvet from Wadsworth, Ohio
Reviewed in October 2014
LendingTree Customer:
Yes
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(5 of 5)stars
Recommended
Fast, easy, what I needed
I was looking at my credit cards and thought, I wish I could make one payment on these and get them paid off. I went through LendingTree and they matched me with Lending Club, who had many very good reviews. I can see why! I applied on a Friday, on Monday I was able to provide the (minimal) documentation and bank account verification they needed, and on Wednesday my loan was funded. That was $35,000 in five days! I am so happy to have paid off the cards. The interest rate was a bit higher than banks but it is lower than my car****.and this is a plan to pay off the debt, not just let it sit there. I couldn't be more pleased.
AZBorrower from Phoenix, Arizona
Reviewed in October 2014
LendingTree Customer:
Yes
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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 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.
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