Many balance transfer customers save an average of nearly $900 over the course of their loan.*
Say goodbye to individual payments—your creditors will receive your payments automatically.
Improve Your Credit
Many members raise their credit score in just 3 months.*
What the LendingClub community is saying
A Brighter Tomorrow
My wife and I got in a little over our heads on one credit card to the tune of $16K. LendingClub has helped us tremendously. We are getting out of the burdensome percentage rate on our credit card and giving our family a brighter, less stressful tomorrow.
a member from Washington
Consolidate Debt, Save Money
LendingClub is a great way to pay off high interest credit cards and consolidate all your debt into one payment. You actually save money every month and pay the balance off way faster!
a member from Minnesota
Saving $300 a Month
You have given me the ability to sleep at night. I applied for a loan that allowed me to pay off my high interest credit card debt. I now have only one payment and it’s saving me $300 a month.*
a member from Texas
* This is Anna’s experience. Individual results may vary.
45 Billion +
3 Million +
Average Customer Rating
How it works
Apply anytime, from anywhere. Your money will go straight to your creditors.
Apply in minutes
Tell us how much you’d like to borrow and a bit about yourself.
Select your balance transfer loan
A balance transfer loan can increase your credit score.*
Payment straight to your creditors
Decide who you’d like to pay and how much. We accept over 1,700 creditors.
Money transferred directly to you
Any remaining funds from your loan will be deposited into your bank account.
How does a balance transfer loan differ from a balance transfer credit card?
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.
Which creditors can you pay with a balance transfer 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.
What’s the difference between a cash loan and a balance transfer 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.