Personal Loan Rates and Fees

Rates from 5.99%–35.89% APR, with no hidden fees or prepayment penalties*

Your APR

Your APR depends on several factors, such as your credit rating, the amount you want to borrow, and how much you already owe to other creditors. We present a range of loan offers based on what you qualify for.

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Save money by reducing your rate

Borrowers who received a loan to pay off their credit cards or consolidate their debt reduced their rate by an average of 24%.*

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Won’t impact your credit score

Checking your rate generates a soft credit inquiry, which is visible only to you. A hard credit inquiry that may affect your credit score only appears when your loan is issued.

Want to find out what you qualify for? Checking your rate is free, fast, and easy.

How rates and fees work

Here’s what’s involved in a personal loan through LendingClub.

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Interest Rate

What you pay each year in interest, shown as a percentage of the total amount you borrowed.

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Origination Fee

A one-time fee of 1-6%* that’s only charged when you receive your loan. It’s deducted from your loan when the loan is issued, so you’ll receive the amount you applied for minus the origination fee.

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Annual Percentage Rate (APR)

The total yearly cost of your loan, including both the interest rate and the origination fee. The APR is the best way to quickly compare your yearly costs for different loan options.

Real-life examples

Imagine you are approved for…
$6,000
Loan
36
Month-term
11.51%
APR
7.99%
Yearly interest rate
$300
One-time origination fee of 5%
Then you'll receive…
$5,700

Deposited in your account
($6,000 minus the $300 origination fee)

And you'll pay back…
$187.99
per month

Your payments each month over 36 months

Your actual monthly payment will vary based on the APR, loan amount and term of your loan offer.
Check your rate now to see what you qualify for.

Questions? We have answers.

Here are some of the things to keep in mind as you compare loan offers.

Other fees

No application, brokerage or prepayment fees

Applying for a loan through LendingClub is absolutely free. We'll never ask you to pay any type of up-front application fee or other advance payment to obtain a loan. And, you can pay your loan off any time with no prepayment fee.

Late payment fee

If your payment is more than 15 days late, we may charge a late payment fee to compensate investors for the delay. The late payment fee is 5.00% of your unpaid payment or $15, whichever is greater. We charge this fee once for each late payment.

Check processing fee

Processing loan payments automatically helps us keep rates low, and there’s no fee for making payments automatically (by ACH) from your bank account. Handling checks costs more, so we charge a $7 processing fee for each monthly payment made by check.* However, there is never a fee for paying your loan off early, even if you pay by check.