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.
Working with Lending Club has truly been an excellent experience. It was easy to use and I would highly recommend anyone to use their services in the future. The online forms were easy to fill out. I contacted a service representative by phone twice during the process and both times they were extremely friendly and knowledgeable. The time between filling out my documents and receiving my money was less than a week and there even a Holiday during that time! I know that if I ever need financial assistance in the future, Lending Club will be the first place I try.
Ease of acquiring a personal loan
I was pleasantly surprised about how easy it was to acquire this loan. I simply followed the online instructions and when I had a question, I called the toll-free number and the representative was able to answer my question immediately. I was informed throughout the process by e-mail, so I didn't have to wait and wonder what was happening. I would recommend this service to anyone needing a personal loan.
Super fast funding!!
The whole process was very fast and efficient. The whole process from application to funding in my account was 3 days. My only complaint is I found the origination fees to be rather on the high side. Otherwise a super smooth process. Highly recommend.