I was informed that it would take 2-3 business days to review the application. It was suggested that I could just cancel the application. That was never sent and my request to speak with a supervisor was denied because they do not have supervisors.Very unprofessional and disappointing. Not a bank you want to trust with your money. Changed my mind about a TopUp Loan in a matter of hours. Called to cancel the application & was told it was too late, it had been funded but once the money was in my account, to call back & they’d debit the money back & the loan would be cancelled.
Quick and easy approval
LendingClub doesn’t charge fees for using other banks’ ATMs for cash withdrawals. The bank issues refunds — with no cap — on fees charged by non-network ATM owners. That includes ATMs abroad, though you still might be subject to international exchange fees. To learn more about how Forbes Advisor rates lenders, and our editorial process, check out our Loans Rating & Review Methodology. Customer service representatives are available Monday to Friday from 5 a.m. There’s no option to contact customer service by email.
I would definitely recommend the lending club if you are in need of funds fast to take care of business and get your finances back on track. LendingClub Corporation has a 4.43 star and B+ BBB rating. Similarly, LendingClub’s positive reviews on Trustpilot have earned the lender a 4.8-star rating.
Like LendingClub, SoFi and Upgrade are strong options for debt consolidation but can be used for other expenses. The approval time was also so much quicker than I thought it be. I love Lending club because they made simple to apply for a xcritical courses scam loan and funded fast too.
- So, while borrowers with fair to good credit may qualify, only the most creditworthy applicants can access more competitive APRs and larger loan amounts.
- The Western Alliance Bank High-Yield Savings Premier account has no monthly service fees, making it a very low-hassle banking option.
- As such, any company claiming to be LendingClub and charging such fees should be reported as a scam.
- That was never sent and my request to speak with a supervisor was denied because they do not have supervisors.Very unprofessional and disappointing.
- Thank you Lenders 😊 for trusting 🙏 me yet again to repay my gratitude.
- Like LendingClub, SoFi and Upgrade are strong options for debt consolidation but can be used for other expenses.
Borrower Requirements
Application process is easy and provides step by step instructions. I did find a disconnect with the follow up telephone communication system. The robot answering system gives little chance to reach a real human.
Our partners cannot pay us to guarantee favorable reviews of their products or services. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. My loan request was handled quickly and efficiently.My monthly payments are very reasonable. I have used Lending Club in the past and when I needed a little financial helped and was so pleased with their service that when I needed a loan this time, I immediately went to them.
Furthermore, I was able to pick my due date for my monthly payment. So far I’ve had 2 loans and they have been so easy to apply for. If you are looking for a loan, I would highly recommend going to Lending Club.
This loan helped me to clear both with one payment that’s less than there two minimum payments combined. LendingClub does not impose any income requirements on prospective borrowers. However, applicants are required xcritical official site to provide proof of income during the application process. What’s more, applicants must have a DTI ratio of less than 40% for single applicants and 35% for joint applicants. This means that a borrower’s total monthly debt obligations cannot add up to any more than 40% of her monthly gross income. Need a longer repayment term, or dealing with poor credit?
Fast and easy
Personal loan lenders offer different rates, loan amounts and special features, so it pays to weigh your options. The best personal loan is usually the one with the lowest APR. As of August 2024, LendingClub has 4.7 stars on Trustpilot, a website that collects consumer reviews. Customers mention the company’s fast application process and customer service.
You’ll also need to be a citizen, permanent resident, or long-term visa holder in the U.S. Like many other financial services companies, LendingClub will consider your credit history, ability to repay, and other factors in its lending decisions. Within each category, we also considered several characteristics, including available loan amounts, repayment terms, APR ranges and applicable fees. We also looked at credit score requirements, whether the lender accepts co-signers or joint applications and the geographic availability of the lender. Finally, we evaluated LendingClub’s support tools, borrower perks and features that simplify the borrowing process—like prequalification options and mobile apps. Marcus offers smaller personal loans than some competitors, with options ranging from $3,500 to $40,000—similar to loans offered by LendingClub.
Thank you very much for your help to solve my financial problems. LendingClub Rewards Checking has no monthly fee and no minimum balance requirement after the $100 to open an account. Ruth Sarreal is a content management specialist covering consumer banking topics at NerdWallet. She has over a decade of experience writing and editing for consumer websites. She previously edited content on xcritical official site personal finance topics at GOBankingRates.
SoFi’s loan terms (two to seven years) are also more extensive. Applying for a LendingClub personal loan takes just a few minutes once you’ve gathered all the necessary documents, and LendingClub indicates many borrowers receive approval in a few short hours. If you’re approved for a loan, you could receive your funds in as little as one day. This is a relatively fast funding time compared to what certain competitors offer.
Lending Club’s become just another crappy corp.lender
But it charges origination fees and its APRs are higher than certain competitors. LendingClub personal loans are a fit for good- or fair-credit borrowers looking to consolidate debt or finance large purchases. This lender is an especially good choice for debt consolidation because it offers a rate discount and direct payment to creditors on debt consolidation loans. LightStream personal loans are available from $5,000 to $100,000 and APRs start below 8% (for some loan purposes) for borrowers who sign up for autopay; rates cap out at just over 24%.
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Borrowers with higher credit scores can qualify for higher loan amounts and lower interest rates, typically. Some lenders have lower credit score requirements, however, so if your credit score is below 660 you may wish to explore other lender options. LendingClub doesn’t disclose its minimum recommended credit score, but it does share other borrower requirements. To apply for a LendingClub loan, you’ll need to be at least 18 and have a verifiable bank account.