Personal Banking

Personal Loans

Get Up to $40,000 and Low, Fixed Rates

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Why choose a personal loan?

A personal loan allows you to borrow money from a lender for almost any purpose, typically with a fixed term, a fixed interest rate, and a regular monthly payment schedule. Collateral is usually not required and personal loans typically have lower interest rates than most credit cards.

Since interest rate and loan terms on a personal loan are fixed, you can select a loan and payment amount that fits within your budget—which is great when you’re consolidating debt. Plus, you’ll know the exact date your loan will be fully paid off. Using a personal loan to consolidate high-interest credit card debt might even help improve your credit score.1

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Join Over 3 Million LendingClub Members Nationwide

  • Borrow up to $40,000
  • Funding in as little as a few days2
  • Low, fixed rates and fixed monthly payments
  • No prepayment fees or penalties
  • Automatic payment withdrawals
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Personal Loans to Match Your Financial Goals

Credit Card Consolidation

Refinance your credit cards with a personal loan—and know the exact date your loan will be paid off.

Balance Transfer Loans

Lock in a lower APR and save time by paying creditors directly through LendingClub—just tell us who to pay and how much.

Debt Consolidation Loans

Simplify your debt—and your life—with a single monthly payment on an affordable, fixed-rate loan.

Home Improvement Loans

Start your home improvement project now, without waiting for a home equity loan or line of credit.

Apply for LendingClub personal Loans

How LendingClub Personal Loans Work

Apply In Minutes

Get customized loan options based on what you tell us.

 

Choose a Loan Offer

Select the rate, term, and payment options you like best.

 

Get Funded

If we find your investor match, we’ll send the money straight to your bank account or pay your creditors directly through LendingClub.
 
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Why choose LendingClub?

  • Smiling female Checking Account Customer
  • Male Business Checking Account Customer
  • Female customer
  • Male Customer

  • For over a year now I have enjoyed some three loans with the LendingClub. It’s an easy loan process; quick decisions; and excellent interest rates. I love them! I was able to payoff higher rate credit cards and save tons of money.

    Rachel_LBeach | CA

  • So convenient. I applied for my loan without leaving my couch. Quick response and the easiest application ever.

    Estill | KY

  • The application process is very quick and easy. I applied on a Friday and I was funded on the following Tuesday. This is my second loan with the company and I have no complaints. They are very professional.

    Deetz | MI

  • Because of my loan, I will be able to clear out a bunch of my debt. Thank you Lendingclub.

    Jhmi248 | MI

Digital banking, made human.

At LendingClub, we put our customers at the center of everything we do. That’s why we focus on providing products and services that are not only convenient but help to make life easier.

Security

We use 256-bit encryption to ensure that data is protected with the highest level of security.

Financial Institution

FDIC Insurance

Your deposits are FDIC-insured up to the highest possible amount allowed – $250,000 per depositor for each ownership category.

Customer Support

Have a question? We’re here to help. Chat with us online, or reach us by phone or email.

1. Reducing debt and maintaining low credit balances may contribute to an improvement in your credit score, but results are not guaranteed. Individual results vary based on multiple factors, including but not limited to payment history and credit utilization.
2. The time it takes for a loan to be funded is not guaranteed and individual results vary based on multiple factors, including but not limited to investor demand.

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  1. Of all personal loans approved between 10/1/20 - 12/31/20, 69% were approved within 24 hours. Between October 2021 and December 2021, 50% of personal loans were funded within 24 hours after loan approval, on average. The time it takes for a loan to be funded is not guaranteed and individual results vary based on multiple factors, including but not limited to investor demand.
  2. On average, personal loans from LendingClub Bank are offered at an APR of 15.95% with an origination fee of 5.00% and a principal amount of $15,800 for loans with term lengths of 36 months, based on current credit criteria and an analysis of historical borrower data from 1/1/21 to 4/12/21. For credit card purchases made in March 2021, the average APR was 20.29%, according to publicly available information published by TheBalance.com. If you pay off a credit card balance of $15,010 with an APR of 15.95% over 36 equal monthly payments, you will pay $5,152 in total finance charges. If you obtain a loan with a term of 36 months and an amount financed of $15,010 (principal amount of $15,800 with an origination fee of $790) at 15.95% APR, you will pay $3,975 in total finance charges over the term of the loan, a savings of $1,177 as compared to the average credit card.

Unless otherwise specified, all loans and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Loans are subject to credit approval and sufficient investor commitment. ​Deposit accounts are subject to approval.  Only deposit products are FDIC insured.

“LendingClub” and the “LC” symbol, and “Radius” and the “R” symbol, are trademarks of LendingClub Bank.

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