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.
I had to call them after I completed the process because I couldn't believe how easy it was to fund this loan. They also automatically set up automatic repayment, which I think is fantastic. As someone who works in the industry, I couldn't believe the great rate either. I couldn't be happier.
So far my experience has been outstanding. The process was effortless and expedient. My money was deposited in my account before I knew it! My repayment is automatically paid from my checking account each month on the same date. No penalty for early repayment.
My family needed a fast loan for a move. We'd never had experience with personal loans and really didn't think we'd find one. Lending Club made this process amazingly fast and simple. The entire process from googling "personal loan" to having the money in our account took 3.5 days. I never had to leave my house, yet they did conduct a courteous phone interview to verify my identity. I really appreciated that they protect their customers by making sure the applicant is who they say they are. Thank you Lending Club, you really blessed us!