"I love LendingClub | Online Personal Loans at Great Rates"

2022-05-06 00:08:46

Sign InLoan AccountOnline BankingInvestorsSign InLoan AccountOnline BankingInvestorsInterested in a Savings or Checking Account? Learn More @media screen and (min-width: 768px) {.Hero-home__background {background-image: url('https://www.lendingclub.com/asset/ls/cms/heros/hero-prequal-product-test.jpg?v=4ee32451-78d5-4bd0-b6c1-79023509371b');}}Personal Loans Up to $40,000Check your rate. It won’t impact your credit score.Respond to Mail OfferDo More With a Personal LoanPay down high-interest debt, consolidate credit card balances—and save more than $1,000.* With single monthly payments, lower fixed interest rates, and no prepayment penalties, a personal loan from LendingClub Bank can help you simplify your finances and take control of your debt.Check Your RateHow LendingClub WorksHow LendingClub WorksApply in MinutesGet customized loan options based on what you tell us.Choose a Loan OfferSelect the rate, term, and payment options you like best.Get Funded Once your loan is funded, we’ll send the money straight to your bank account or pay your creditors directly. Get Funded Once your loan is funded, we’ll send the money straight to your bank account or pay your creditors directly. Check Your RateBank Smarter with LendingClubMake the most of your money with LendingClub, recently awarded for its Best Cash Back Checking Account on Newsweek's America's Best Banks list for 2022. Our superior products and services are built to help you reach financial wellness, including our award-winning checking account, Rewards Checking, offering 1% cash back, ATM rebates and more. Learn MoreJoin Over 4 Million MembersThank you so much for valuing me as a customer, and coming through for me and my family at a trying time in this world.—Roselyn, a member from TexasRead More Reviews$70 Billion +Borrowed4 Million +Members54,898 Reviews Questions? We’ve Got Answers How is LendingClub different?LendingClub is America’s largest lending marketplace, connecting borrowers with investors since 2007. Our LCTM Marketplace Platform has helped more than 4 million members get over $70 billion in personal loans so they can save money, pay down debt, and take control of their financial future. And because we don’t have any brick-and-mortar locations, we’re able to keep costs low and pass the savings back to you in the form of great interest rates. Learn more about our personal loan rates.What is a personal loan?A personal loan is money lent through a financial institution like a bank or an online lending marketplace that can be used to pay down credit cards, consolidate debt, or cover a wide range of expenses. Personal loans come with fixed monthly payments over a set period of time.How is a personal loan different than a credit card?Instead of credit limits, introductory rates, or revolving balances, personal loans come with a fixed rate and payment that you choose up front. No additional interest will be added to your loan once you lock in your rate, so nearly all of your monthly payment goes to quickly reducing your balance and paying down your debt. Learn more about personal loans vs. credit cards.Will checking my rate hurt my credit score?Checking your rate with LendingClub Bank has absolutely no impact to your credit score because we use a soft credit pull. A hard credit pull that could impact your score will only occur if you continue with your loan and your money is sent. The good news is that a personal loan could also positively impact your credit down the road by showing a history of on-time payments and reducing your total debt (as long as you don’t add new debt, like increased credit card balances). Learn more about soft vs. hard credit check.How can I protect myself from scams?Scammers often try to collect personal and/or financial information from consumers by posing as employees of philanthropic organizations or financial services companies. Be cautious about providing personal or financial information to anyone, even if they claim to be from a company you already do business with. Learn about the advance fee scam.Visit Resource CenterContact Us* On average, personal loans from LendingClub Bank are offered at an APR of 15.95% with an origination fee of 5.00% and a principal amount of $15,800 for loans with term lengths of 36 months, based on current credit criteria and an analysis of historical borrower data from 1/1/21 to 4/12/21. For credit card purchases made in March 2021, the average APR was 20.29%, according to publicly available information published by TheBalance.com. If you pay off a credit card balance of $15,010 with an APR of 15.95% over 36 equal monthly payments, you will pay $5,152 in total finance charges. If you obtain a loan with a term of 36 months and an amount financed of $15,010 (principal amount of $15,800 with an origination fee of $790) at 15.95% APR, you will pay $3,975 in total finance charges over the term of the loan, a savings of $1,177 as compared to the average credit card.All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history.4.07% - 7.35% average historical returns for loan grades A through D originated from January 2008 through June 2018. Because the likelihood of a loan charging off increases over time, historical returns include only those loans that were issued 18 months or more before the last day of the most recently completed quarter. The range in returns represents 10th and 90th percentile performance as illustrated here, for the period January 2008 through December 2019. The return is weighted based on platform issuance by grade. Historical Returns are LendingClub's adjusted net annualized returns ("ANAR"). ANAR is calculated using the formula described here.Savings are not guaranteed and depend upon various factors, including but not limited to interest rates, fees, and loan term length.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 6.34% to 35.89% and is determined at the time of application. Origination fee ranges from 2% to 6% of the loan amount. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of 3/15/22 and are subject to change without notice.Checking your loan rate generates a soft credit inquiry on your credit report, which is visible only to you. A hard credit inquiry, which is visible to you and others, and which may affect your credit score, only appears on your credit report if and when a loan is issued to you. Your loan APR will depend upon your credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and your credit usage and history.Unless otherwise specified, all loans and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Loans are subject to credit approval and sufficient investor commitment. ​Deposit accounts are subject to approval.  Only deposit products are FDIC insured.“LendingClub” and the “LC” symbol, and “Radius” and the “R” symbol, are trademarks of LendingClub Bank.© 2022 LendingClub Bank. All rights reserved.