Debt Consolidation Loans

Members report saving nearly $1,000 over the course of their loan with LendingClub Bank when they use it to consolidate debt or pay down credit cards.^* Personal loans from LendingClub Bank have fixed rates and terms, so your monthly payment amount never changes, plus you'll know the exact date your loan will be paid in full.

When comparing your options, remember to factor in all costs such as balance transfer fees, annual fees, and early payoff penalties you may incur with credit cards or when borrowing from other sources.

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 as little as a few days.

Most members are approved within 24 hours and receive their money from LendingClub Bank in as little as a few days.^*,* You can help keep things moving along by checking your To-Do List and making sure you have submitted all the documents and information requested.

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.