Personal Loans
Get Up to $40,000 and Low, Fixed Rates
Why Choose a Personal Loan?
A personal loan allows you to borrow money from a lender for almost any purpose, typically with a fixed term, a fixed interest rate, and a regular monthly payment schedule. Collateral is usually not required and personal loans typically have lower interest rates than most credit cards.
Since interest rate and loan terms on a personal loan are fixed, you can select a loan and payment amount that fits within your budget—which is great when you’re consolidating debt. Plus, you’ll know the exact date your loan will be fully paid off. Using a personal loan to consolidate high-interest credit card debt might even help improve your credit score. *
Join Over 3 Million Members Nationwide
- Borrow up to $40,000
- Funding in as little as a few days *
- Low, fixed rates and fixed monthly payments
- No prepayment fees or penalties
- Automatic payment withdrawals
Personal Loans to Match Your Financial Goals
Credit Card Consolidation Loans
Refinance your credit cards with a personal loan—and know the exact date your loan will be paid off.
Balance Transfer Loans
Lock in a lower APR and save time by paying creditors directly through LendingClub—just tell us who to pay and how much.
Debt Consolidation Loans
Simplify your debt—and your life—with a single monthly payment on an affordable, fixed-rate loan.
Home Improvement Loans
Start your home improvement project now, without waiting for a home equity loan or line of credit.
Frequently Asked Questions
Your loan application will be evaluated based on several factors, including the information provided by you and the credit bureaus, your credit score, and your ability to repay. For the lowest rates, it helps if you have a higher than average credit score, a low debt-to-income ratio, and a good credit history. Often, applying with another person can help you qualify for a better rate and/or larger loan amount.
Learn how adding a coborrower can help you get approved for a personal loan.
You can apply and complete the entire process online from the comfort of your home using your phone, laptop, or tablet. Once your personal financial information has been verified, we’ll use our marketplace to look for investors for your loan. If your loan is funded and, depending on your selections, your money will be sent directly to your creditors and/or deposited into your bank account.
The good news is that a personal loan could positively impact your credit down the road if you’re able to show a history of on-time payments and reduction in overall debt (that means no new debt, such as higher credit card balances). *
Learn more about your credit score and how to protect your credit health.
If your loan request is approved, you’ll be able to review the loan amount, interest rate, APR, monthly payment, and loan term.
Confirm your information
We ask for your Social Security number, and about your income and employment. If we need any other documents or information, we'll let you know in your To-Do List. Then, hold tight while we look for your investors on our marketplace and wrap up your loan.
Get funded
If we find your investor match and your loan is funded, we’ll send the money directly to your bank account, and/or to your creditors if you choose this option, in just a few days.