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.
This was such an easy process. I was hesitant at first, but I figured I didn't have anything to lose by trying. The application was simple, the response time for offers was very fast, and the choices were varied so I could decide what amount, term, and rate worked best for me. I started the process on a Thursday and the loan was funded by Tuesday the following week. My credit isn't stellar by any means, but I was able to get a much better rate than I have on my credit cards, which will allow me to be debt free much sooner than I ever thought possible. Thanks Lending Club!!
Pleased with results
I completed the application and in less than 24hrs I was fully funded. It was only a matter of days before the funds were available. It is a great feeling to be on my way to being debt free.
Simple and Quick
Applied for a loan to consolidate some credit card debt. Finished all of the verifications in one day and had money two days later. I was very pleased with the speed and transparency they offered. This lender has offered me and my family some relief from our debt and has saved us about $150/month with a lower interest rate.