LendingClub Debt Consolidation Loan Review

Debt Consolidation Loan from LendingClub - see full info about rates, terms, credit score.

Updated February 08, 2023
Advertiser Disclosure
3.55 out of 5
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On partner's site

Check your personal loan rates

scorer
APR Range
8.3 - 36%
scorer
Amount
up to $40,000
scorer
Term
up to 60 months
scorer
Minimum credit score:
Poor (300-579)
scorer
No early payoff penalty
See full info about rates in different states

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Options

  • Loan purpose:
    Debt Consolidation Loan
  • Bank:
    LendingClub
  • Credit Level:
    Poor (300-579)
  • When funds are available:
    1 business day.

Fees

  • Origination fee
    3 - 6%
  • Late fee
    $15
  • Returned check fees
    $15

Pros & Cons

Pros:
  • Quick, easy online application
  • Fast funding
Cons:
  • Origination fee

Rates

Rates
8.3 - 36%
Term
36 - 60 months
Loan Amount
$1,000 - $40,000
For example, if you apply for a 2-year $5,000 personal loan with an interest rate of 15% and an origination fee of 5% you would receive $4,750 and make 24 payments of $242.43. The total amount paid would be $5,818.
View all Rates & Fees

Requirements

  • What you need to get approved (Qualifications)
    FICO® score 600 or higher.
  • Requirements Description
    • Personal information (Name, Address, Phone Number, Date of Birth, Social Security Number)
    • Income Particulars (Income Type, Pay Method, Pay Frequency, Monthly Income)
    • Banking Details (Account Type, Account & Routing Numbers, Age of Account)

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3.73 out of 5
Recommended credit score
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Description

  • LendingClub offers loans of $1,000 to $40,000.

    The APR range is from 8.30% to 36.00%. Loan terms are available for 3 or 5 years.

    LendingClub charges an origination fee of 3% to 6% on personal loans.

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