LendingClub makes it easy to apply for a personal loan and has an easy-to-use app for quick and simple applications. Once the loan has been approved, the money will be sent straight to the customer's bank account or creditors.

LendingClub at a Glance

Online Experience

Using LendingClub online isn’t a big hassle as might be the case with other lending companies. Their online checking account is award-winning and offers unlimited cash-back and other rewards.
The mobile banking app is very easy to use and will make managing your financial matters a bit simpler.

Customer Services and Support

Generally, LendingClub’s customer service is admirable and the company ranks highly in reviews left by happy customers with the BBB (Better Business Bureau).

Repayment Flexibility

LendingClub offers borrowers many repayment options from 24 months to 84 months. They also allow their customers to change their payment due dates if necessary.

Loan Types Covered

LendingClub has several loan types, including personal loans and small business loans. 

Eligibility

The minimum credit score you will need to get a personal loan from LendingClub is 600.  

Other requirements are pretty standard, such as the requirement to be a US citizen or resident.

Suitable For?

Personal loans from LendingClub are a good idea for people who have fair or good credit scores. LendingClub is also a good fit for people trying to manage their budget better.  

However, keep in mind that the lower credit score also means you’ll qualify for a lower amount loan.

Loan Features

There are no prepayment fees for borrowers who wish to pay off their loan quicker, but there is an origination fee. You may have to pay a one-time origination fee of between 0% and 8% of your loan amount. This number is based on your credit rating.  

LendingClub offers borrowers personal loans between $1,000 and $60,000. The fixed annual rates range from 7.04% and 35.99%.  

Borrowers who were late with their repayments may have to pay a fee of $15 or 5% of the unpaid amount, whichever is greater.

Loan Eligibility Requirements

To qualify for a loan with LendingClub, you will have to meet the following requirements:  

• Be 18 years old or older
• Be an American citizen, long-term visa holder, or permanent resident
• Have a valid bank account
• Have a credit score of 600 minimum

Repayment Terms

There are flexible repayment options to choose from: 24 months to 84 months.  

The APR (annual percentage rate) of borrowers is based on factors such as credit rating and history and loan amount.

How Safe Is It?

LendinClub is a safe lending option for U.S. citizens or residents. Their fees, rates, and terms are shared on their website and the FAQ page provides answers to questions borrowers may have.

Help and Support

LendingClub offers a resource center for borrowers, and their customer service team for personal loans can be reached at 888-596-3157 during regular business hours. For general comments or suggestions, you can email feedback@lendingclub.com.
 

Disclaimer

For Personal Loans, APR ranges from 5.96% APR to 35.99% APR and origination/processing fee ranges from 0.00% to 8.00% of the loan amount. APRs and origination/processing fees are determined at the time of application. The lowest APR may be available to borrowers with excellent credit, subject to additional factors including, but not limited to, loan amount, loan term, and sufficient investor commitment. Advertised rates and fees are valid as of 06/10/2026, are subject to change without notice, and may not be available for all Personal Loan products and/or through all application channels or platforms.
1. Between January 2026 to March 2026, 64% of LendingClub Personal Loans that were approved for funding (which is after your loan application is approved) on a given business day were disbursed within 24 hours. Actual availability of funds may vary and is dependent on multiple factors, including, but not limited to your receiving bank’s processing times and policies. A business day is defined as Monday through Friday and excludes the weekend and bank holidays.
2. Checking a rate through us generates a soft inquiry on a person’s credit report, which does not impact that person’s credit score. A hard credit inquiry, which may affect that person’s credit score, only appears on the person’s credit report if and when a loan is issued to the person.
3. Based on reviews collected by Trustpilot. All such reviews can be accessed at trustpilot.com/review/lendingclub.com. This is one person's experience. Individual results may vary.
A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $27,198 for a term of 36 months, with an interest rate of 14.49% and a 6% origination fee of $1,632, for an APR of 17.32%. In this example, the borrower will receive $25,566 and will make 36 monthly payments of $936. Loan amounts range from $1,000 to $60,000 and loan term lengths range from 24 months to 84 months. Some amounts, rates, and term lengths may be unavailable in certain states, and may not be available for all Personal Loan products.
For Personal Loans, APR ranges from 5.96% APR to 35.99% APR and origination/processing fee ranges from 0.00% to 8.00% of the loan amount. APRs and origination/processing fees are determined at the time of application. The lowest APR may be available to borrowers with excellent credit, subject to additional factors including, but not limited to, loan amount, loan term, and sufficient investor commitment. Advertised rates and fees are valid as of April 27, 2026, are subject to change without notice, and may not be available for all Personal Loan products and/or through all application channels or platforms.