If you’re eligible for an additional lending product, we’ll usually inform you in an email or your online account summary. If you haven’t received an invitation but want to see if you’re eligible, you’re always welcome to check your rate—it’s a soft inquiry that won’t affect your credit.
There’s no limit to the number of accounts you can apply for, but your total borrowed amount between all loans can’t be more than $50,000. And keep in mind: currently, we can’t consolidate or refinance LendingClub accounts.
Curious about what can affect your eligibility? These are some of the main factors we look at for additional loans:
Outstanding balance and length of your current loans
Payment history with LendingClub
It’s important to us that our members’ debts stay manageable. If you aren’t eligible for another lending product just yet, work on paying down your existing account consistently and on time.