LendingClub Personal Loan

Sometimes, some unforeseen can happen and we end up needing extra financial help, having to take out a loan. LendingClub offers personal loan services ranging from $1000 to $40000, with lower interest rates than traditional bank options.

See below how LendingClub Personal Loan works and its main benefits.

What is the LendingClub Personal Loan?

Since its founding in 2007, LendingClub has managed to gather more than four million users. This renowned company has as its main objective the channel capable of connecting borrowers and lenders on a large scale, in addition to offering various other financial services. All this, with more affordable prices and rates.

The personal loan is a financial service that guarantees unique benefits to its members, such as ease and practicality. So, you can apply for your personal loan for whatever reason, such as travel, medical emergencies, home renovation, paying off debt or buying a new car.

With LendingClub Personal Loan you have access to the most competitive rates and fixed monthly payment rates, without having to make any kind of prepayment or request. Also, you have access to your funds within 24 hours of your approval.

You can get a personal loan of up to $40,000 by scheduling automatic payments and avoiding forgetting to make them and paying more interest rates.

More details about the LendingClub Personal Loan

With a personal loan, you can financially reorganize and borrow money, making payments with lower interest rates and more flexibility. In addition, this type of loan does not require any kind of collateral.

You can use your personal loan for almost any purpose with just a few limitations, such as educational purposes after high school or to finance any illegal activity.

LendingClub Personal Loan also requires borrowers to be at least 18 years old, in addition to other criteria such as being a US citizen, having an active, verifiable bank account, and living in any state in the country with the exception of the state of Iowa. If you meet all of these criteria, you are very close to being eligible for a personal loan.

After you register, LendingClub will check some important aspects, such as the information provided to the company by you and the credit agencies, checking your FICO score, as well as checking your debt/income ratio history.

You can even add a co-borrower to your application, helping you get a better credit score, ensuring greater chances of approval, and even better personal loan options. Generally, you have your approval response within one business day.

Everything you need to know about LendingClub

One of the great advantages of LendingClub is the fact that it doesn’t hurt your FICO score, only performing a smooth score as you proceed with your request.

It’s also important to keep your payments on time and not take on any debt to keep interest rates low and improve your credit score over time.

After starting the process of applying for your LendingClub Personal Loan and getting your approval, just wait about 24 hours to get access to your money. You can also choose your loan amount, the interest rate that best suits you, APR, payment term and monthly payment amount.

Main Benefits of the LendingClub Personal Loan

Specially developed to provide high quality financial services to its members, LendingClub Personal Loan guarantees its borrowers the following benefits:

• It offers a wide range of values, ranging from $1000 to $40000.
• After your approval, you will have access to the funds within 24 hours.
• It does not require any kind of pre-qualification or pre-payment.
• It has competitive interest rates with the market and stable loan terms.
• No security deposit required.