Loans
LendingClub Personal Loans: all you need to apply
Lending Club connects borrowers with a network of private investors. The loan length can be anywhere between 36 and 60 months. Read on for more!
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Up to $40k for several purposes!
If you’re looking for a lender with no hidden fees and available for joint applications, learn how to apply for a LendingClub Personal Loans.
This fintech links borrowers with individual investors known as peer-to-peer lenders. Then learn how to apply below!
Apply for the loan: Online
You must access their official website to apply for personal loans with LendingClub. Firstly, apply for a soft credit check.
For that, fill the form with your personal and financial information, such as your income and social security number.
So after filling out your form, they will wrap up your loan.
Finally, get your money: If your loan is authorized, the funds will be deposited into your bank account or, if you like, used to settle your debts.
You will be redirected to another website
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Requirements
To qualify, you must be 18 years or older, be a U.S. citizen or live in the U.S., and have a valid bank account.
Apply for the loan: Mobile App
Indeed, LendingClub limits its mobile app to banking services exclusively. Still, they have a mobile-friendly website.
Customers may check on the status of their loan application, view specifics about their loan, and set up automatic payments.
LendingClub Personal Loans or Best Egg Personal Loans?
Personal loan options can vary widely depending on a borrower’s financial situation and the lender’s terms and conditions.
Learn how LendingClub Personal Loans stack up against Best Egg’s below!
| LendingClub Personal Loans | Best Egg Personal Loans | |
| APR | APR ranges from 8.05% to 36.00%; | 8.99% and 35.99% depending on your credit score and other factors; |
| Loan Purpose | Credit card and debt consolidation, balance transfers, medical bills, and home improvements; | Debt consolidation, credit card refinancing, home improvements, moving expenses, large purchases, and much more; |
| Loan Amounts | You can apply for loans from $1,000 to $40,000; | 2,000 to $50,000; |
| Credit Needed | Borrowers with fair to excellent credit can get one; | At least 600; |
| Terms | Borrowers on LendingClub can select from loan periods ranging from 36 to 60 months (or 3 to 5 years); | 36 to 60 months; |
| Origination Fee | From 2.00% to 6.00% of the loan amount; | Best Egg charges an origination fee ranging from 0.99% to 8.99%; |
| Late Fee | Not disclosed; | Best Egg does not specify a late fee; |
| Early Payoff Penalty | None. | Borrowers don’t have to pay any fees to Best Egg if they pay off their loan balances early. |
Now that you know how the LendingClub Personal Loans works, what about taking a closer look at Best Egg Personal Loans?
After all, you might find the best loan options for your financial needs! So without further ado, let’s get started!
Best Egg Personal Loans: all you need to apply
Learn how to apply for Egg Personal Loans and quickly secure the money you need! Borrow up to $50,000 for several purposes! Read on!
About the author / Giovanna Klein
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