How Do I Qualify for a Personal Loan?

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Requirements

To qualify for a lending product with LendingClub Bank, you must: 

  • Be a U.S. citizen or current resident (we accept applications from all U.S. states and Washington, D.C.; however,we don't accept applications from the U.S. territories)

  • Be at least 18 years old 

  • Have a verifiable bank account

How your application is evaluated 

We look at several factors when reviewing your application, including:

  • Information from your application

  • Information about you from credit bureaus

  • Your credit score

  • Other information that predicts the likelihood that you'll make on-time payments until your loan is fully repaid

Applicants who qualify for the lowest rates have:

  • A high credit score

  • A low percentage of debt compared to income

  • A long history of successful credit lines

In some cases, you may need to add a co-borrower to help you qualify. If so, you can simply click Add a Co-Borrower on the application page to start a joint application.

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Any reviews presented are individual experiences and results may vary. Reviews collected and authenticated by Bazaarvoice. All reviews can be accessed at https://www.lendingclub.com/company/reviews

Unless otherwise specified, all credit 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. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

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