Logo

Can I Apply for Additional Loans?

less than a minute read

If you’re eligible for an additional lending product, we’ll usually inform you in an email or your online account summary. If you haven’t received an invitation but want to see if you’re eligible, you’re always welcome to check your rate—it’s a soft inquiry that won’t affect your credit.

There’s no limit to the number of accounts you can apply for, but your total borrowed amount between all loans can’t be more than $50,000. And keep in mind: currently, we can’t consolidate or refinance LendingClub accounts.

Understanding eligibility

Curious about what can affect your eligibility? These are some of the main factors we look at for additional loans:

  • Outstanding balance and length of your current loans

  • Payment history with LendingClub

  • Account standing

It’s important to us that our members’ debts stay manageable. If you aren’t eligible for another lending product just yet, work on paying down your existing account consistently and on time.

Keep more of what you earn and earn more on what you save.
Check your rate. It won’t impact your credit score.2
Privacy & Security

LendingClub Resources

Related Resource Center
Pride of homeownership also means managing (and paying for) what can often feel like an insurmountable list of repairs and improvements. Sometimes it's difficult to know when to DIY a home repair project or find a handyman or other professional better equipped to handle it for you. Learn which common home improvement projects are simple enough to tackle on your own, and when to call in the experts.
Sep 28, 2024
8 min read
DIY home repair
Too much credit card debt is when monthly payments exceed 30% of your income, leading to financial strain, difficulty covering essential expenses, and increased risk of defaulting.
Sep 23, 2024
8 min read
11 Signs You Have Too Much Credit Card Debt [+4 Ways to Pay It Off]
Different types of loans include personal loans, mortgages, auto loans, student loans, and business loans. Each serves specific needs, with varying terms, interest rates, and eligibility requirements.
Sep 21, 2024
7 min read
typeofloan
When you’re in a pinch and looking for a quick loan, you may come face-to-face with a variety of lenders offering payday, auto title, and high interest rate installment loans hidden under a different name. Though their lax requirements and fast funding may be tempting, there are often better, more affordable options available that match your borrowing needs.
Sep 19, 2024
8 min read
Two people sitting on ground next to ladder and paint buckets
Credit scores are three-digit numbers ranging from 350 to 850 calculated from credit bureau-reported data that represent a snapshot of your credit health and history. A high credit score is an indicator to potential creditors there’s a higher probability you’ll repay your debt.
Aug 5, 2024
7 min read
Twenty20-294-1110x453
Related Impact
From groceries and diapers to Halloween costumes for pets, nearly 60% of American consumers prefer to shop online for everyday items that make life more convenient, comfortable, and enjoyable. And with rising prices showing no signs of stopping anytime soon, we’re pleased to introduce StackitTM from LendingClub Bank—a new browser extension that automatically finds and rewards eligible members with coupons and cash back for extra savings at more than 15,000 favorite online retailers.
Nov 13, 2022
2 min read
blog header stackit 765x430 v1-1
Even in today’s low-yield, high-inflation environment, it’s essential to keep a certain amount of money in an easy-to-access checking or savings account for things like daily household and emergency expenses, or to meet short-term financial goals.
Oct 2, 2022
5 min read
LendingClub Rewards Checking Nationally Certified as Trusted, Afforda
Since 2007, LendingClub has been on a mission to deliver a world-class experience to all our members. This month we took a moment to reflect on the more than four million members who have chosen LendingClub as their partner to help them reach their financial goals.
Apr 19, 2022
2 min read
Illustration of large number 4 and letter M made up of colorful, tiny illustrations of ethnically diverse people
In March 2022, we hosted our first quarterly webinar where we celebrated our one-year anniversary as a digital marketplace bank. 
Mar 6, 2022
less than a minute read
Blog-post
LendingClub completed the acquisition of Radius Bank in February 2021. At that time, in addition to the direct-to-consumer deposit business, we inherited a fintech partner program, and several lending businesses. As we reach the one-year anniversary of the acquisition, and in conjunction with the conclusion of a strategic review of our business operations, we have made the decision to discontinue certain businesses that don’t fit our mission.  
Jan 2, 2022
2 min read
Man in blue button up shirt and glasses smiling
Related FAQ's
Applying for a lending product is fast, easy, and confidential.
Jun 7, 2023
less than a minute read
If you want to cancel your application, please call us immediately. Once a loan is funded, you have a limited time frame to cancel your application, depending on your loan type.
Jun 7, 2023
less than a minute read
If we’re not able to offer you a lending product, you're welcome to apply through one of our lending partners.
Jun 7, 2023
2 min read
The whole application, approval, and funding process can take as little as a week. Even if it takes a little longer, we’ll keep you informed every step of the.
Jun 7, 2023
2 min read
We offer several ways for you to make your monthly auto loan payment, so you can choose the method that works best for you. A statement will be mailed to you every month that shows the payment amount and due date.
Nov 29, 2023
less than a minute read
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
Sep 6, 2023
4 min read
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
Mar 21, 2023
3 min read
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 
Mar 21, 2023
4 min read
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
Feb 7, 2023
3 min read
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
Feb 4, 2023
3 min read

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

"LendingClub" and the "LC" symbol are trademarks of LendingClub Bank.

© 2024 LendingClub Bank. All rights reserved.