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.
LendingClub Bank members save nearly $1,000 over the course of their loan.*
Many members see their credit scores increase after taking out a personal loan.*
Want to see what you might qualify for? Checking your rate takes only takes 2 minutes – and won't impact your credit score.
A percentage of the total amount borrowed, or what you pay to borrow the money loaned.
A one-time charge of 3-6% of your total loan amount based on your credit rating, and incurred only when you receive your loan.
The total cost of your loan, which includes your interest rate plus the origination fee. APR is the true cost of borrowing and the quickest way to compare annual costs across different loan options.
Deposited in your account
($6,000 minus the $300 origination fee)
Your payments each month over 36 months
With a variable-rate loan, the interest rate and APR may change as the market interest rate changes. As a result, you may pay more or less interest from month to month, and your monthly payment may change as well. You can learn more about different types of loans on our blog.
Origination fees for personal loans with LendingClub Bank range from 3-6% of your total loan amount and are applied only when you receive a loan from us.
In contrast, most application (or broker) fees are due upon application and are non-refundable, even if a lender declines your application. LendingClub Bank does not charge an application fee.
There are just a few things you can’t use a personal loan for, including investments, gambling, education after high school, and anything illegal.
Choose your offer
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.
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.*