BALANCE TRANSFER LOAN

Unlike nearly all balance transfer credit cards, balance transfer loans through LendingClub have fixed terms. As a result, your APR, monthly payment, and loan amount will never change. And since it’s not revolving debt, you’ll have a clear payoff date and a path toward financial stability from the moment you take out your loan.

We work with a partner network of over 1,700 credit card, bank, and loan companies. As you complete your balance transfer application, you can add your creditors to see whether they’re accepted. You can add up to 12 creditors or accounts per loan.

With a balance transfer loan through LendingClub, a portion of your loan is paid straight to your creditors, making it simple to pay down credit card and high-interest debt. Any remaining money from your loan is deposited right into your bank account. With a cash loan, all the money from your loan is transferred to your bank account. While this can offer more flexibility, it also means that you’re responsible for paying your creditors yourself. With a balance transfer loan, we handle the hard part for you.