TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

LendingClub Review

We recommend

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

 

LENDINGCLUB

LendingClub is a recognized leader in the social lending market. They do an excellent job of bringing together lenders and those wanting a loan between $1,000 to $40,000. The benefit of choosing LendingClub is that without a bank in the mix, borrowers are able to get a lower rate on their personal loans. LendingClub currently holds a strong Better Business Bureau rating of A and helps facilitate thousands of loans for happy customers each month.

The current loan rates at LendingClub range between 6.95% and 35.89% APR. The best APR is available to borrowers with excellent credit. Applying for a loan is simple:

  • Enter the amount you want to borrow, the purpose of the loan, and your credit score range
  • Next you'll be asked to input your name, address, income, and date of birth
  • LendingClub will verify your identity and creditworthiness
  • After verification occurs, your loan and loan terms will be available for you to select from
  • Select your loan
  • LendingClub authenticates your bank account
  • You receive your funds

The size of your loan and your credit worthiness impacts the turnaround time of the process. At any point you can speak to a LendingClub customer service representative to assist. Your loan request will be listed on the LendingClub website for up to two weeks, or until lenders are willing to fully fund your request.

Like any peer-to-peer lending company, a fee is assessed in order to cover costs. At LendingClub you can anticipate a one-time processing fee that ranges from 1% to 6% of the loan amount, depending on your loan and loan terms. For a $1,000 loan that equates to a fee starting around $11.

If you're looking for a personal loan, LendingClub offers an excellent lending process and affordable rates, from a reputable company that you can feel confident with. LendingClub earns our highest rating.

Visit Site >


Personal Loans

To help you find the Best Personal Loans, TopConsumerReviews.com provides you with an in-depth LendingClub Review.

Are you in need of some cash? Historically, borrowers have had limited options for a personal loan. You could ask a family member, a friend, or find a personal finance company that offered fixed-rate loans, typically at exobrtantly high interest rates.

Today, however, finding a personal loan brings several more options to the table. While you can still ask a family member, or get a high-rate loan from a finance company, you can also consider using a social lending network. These networks, also called peer-to-peer loans, generally have much lower overhead and as a result can offer much lower interest rates. They're facilitated by professional companies familiar with this type of lending, to simplify things for all parties.

No matter where you borrow money from, before you get your next personal loan you should consider the following:

  • BBB rating. Does the lending company have a solid history of doing good business with its customers?
  • Loan size and rate. How much will the lending company offer? What interest rate do they charge their customers?
  • Loan application process. When applying for your personal loan, can it be completed online? Is the lending process easy and straightforward?

TopConsumerReviews.com has reviewed and ranked the best online personal loan providers available today. We hope this information helps you find the best loan at an affordable rate that meets your needs!



Personal Loans In The News

How to find the right lending company for a personal loan

There are sharks everywhere. Choose a lender carefully. Sometimes you're in a tight spot and need to borrow money. Personal loans are a great way to borrow money when you need it. But when it comes to ...

Published:  Wed, 20 Mar 2019 02:00:00 GMT



People Are Plenty Willing To Share Personal Data To Get A Better Loan

The mass collection and sale of personal data is an increasingly sensitive topic for consumers and business leaders. Promising technologies such as artificial intelligence and machine learning depend ...

Published:  Thu, 21 Mar 2019 05:43:00 GMT



NBFCs on the Rise Especially When it Comes to Lending Consumer Durable or Personal Loans

NBFCs (Non-Banking Financial Companies) have begun 2019 with a bang. Even though there has been some slowdown when it comes to housing finance and those for SMEs, the majority of the lending is ...

Published:  Thu, 21 Mar 2019 08:47:00 GMT



Irish chief quizzed over personal loan to governing body

DUBLIN, March 21 (Reuters) - The head of the Football Association of Ireland (FAI) will face questions from lawmakers over a 100,000 euro ($114,000) loan provided to the governing body, which the ...

Published:  Thu, 21 Mar 2019 08:56:00 GMT



Can Personal Loans Be Used for Down Payments

A personal loan is an unorthodox way of making your down payment, and you should make sure you know the potential consequences before you give it a try. Image source: Getty Images. You've found the ...

Published:  Sun, 24 Feb 2019 13:10:00 GMT



How to Get a Personal Loan When You're Unemployed

Unemployment can put you into one of those Catch-22 situations. It's the one time you really need to borrow money because you don't have your regular income anymore, but that lack of income means ...

Published:  Sun, 24 Feb 2019 07:06:00 GMT




We recommend

 

- View Full Site -