Loans
LendingClub Personal Loans review: up to $40,000
If you need unsecured personal loans to use as you want, there you have it! LendingClub will help you get the money fast! Keep reading and learn more!
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Enjoy competitive rates and fixed monthly payments!
If you need unsecured personal loans of up to $40,000, then check our LendingClub Personal Loans review.
LendingClub Personal Loans: all you need to apply
Learn now how to apply for a LendingClub Personal Loans. Qualify with fair credit and enjoy personalized rates! Keep reading for more!
Thus, LendingClub allows you to pre-qualify with a soft credit check. So compare this platform’s features below!
| APR | APR ranges from 8.05% to 36.00%; |
| Loan Purpose | Credit card and debt consolidation, balance transfers, medical bills, home improvements, and more; |
| Loan Amounts | You can apply for loans from $1,000 to $40,000; |
| Credit Needed | Borrowers with fair to excellent credit can get one; |
| Terms | From 36 to 60 months (or 3 to 5 years); |
| Origination Fee | From 2.00% to 6.00% of the loan amount; |
| Late Fee | Not disclosed; |
| Early Payoff Penalty | None. |
LendingClub Personal Loans details
Those with good or fair credit who need a loan to pay off debt or make a major purchase can benefit from a personal loan from LendingClub.
Thus, their financial technology firm links borrowers with a group of individual investors known as peer-to-peer lenders.
Also, this lender offers up to $40,000 in loan amount! In addition, the borrower can choose a loan term between 36 and 60 months.
Although LendingClub isn’t the cheapest lender, it has a low minimum payment and no hidden fees.
Therefore, this lender might be a good option for anyone looking for flexible rates, terms, and affordable conditions!
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LendingClub Personal Loans: pros and cons
Taking out a LendingClub Personal Loan is a significant financial commitment, so weighing all their features is important!
So in this LendingClub Personal Loans review, we listed all the pros and cons of choosing this fintech. Then check them below!
Pros
- Up to $40,000 loan amount;
- Joint applications are available for borrowers;
- Offered to consumers with good credit or better;
- Competitive rates;
- Fast funding;
- No prepayment fees.
Cons
- No discount on APR for automatic payments;
- Origination and late fees are charged.
What is the minimum credit score to apply?
Indeed, LendingClub requires a minimum fair score, which means your credit score must be 600 or higher.
But remember that the higher your credit score, the better rates and terms you’ll qualify for!
LendingClub Personal Loans: steps to apply
Since we’re talking about a loan marketplace, you can find the best loan for your needs!
If you want to apply for a LendingClub Personal Loan and want to know how to do it, then check out our next post.
LendingClub Personal Loans: all you need to apply
Learn now how to apply for a LendingClub Personal Loans. Qualify with fair credit and enjoy personalized rates! Keep reading for more!
About the author / Giovanna Klein
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