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.
Effortless way to get a loan
Effortless way to get a loan. I don't have a lot of free time to run into a bank for a loan. With Lending Club everything was done online and with a two minute phone call. Very pleased with overall experience. It is a legite place if that question pops into your head. I was able to apply for and receive the loan money in less than a wee***.all electronically.
Skeptical at first
I was a bit skeptical at first about reaching the goal. But all of sudden the loan was funded by all those people out there. There is still some uncertainity with it but so far so good. time will tell for sure.
Very Poor Customer Service
The application process was very easy and I received my loan in only 5 days. However, Customer Service gave me wrong information about the club fees and when I called back about the misinformation, the gentleman hung up on me! Lending Club's Customer Service was not at all helpful.