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How Long Does It Take to Get Approved for a Loan?

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Our process is fast—most members are approved within a few hours.1 The exact turnaround time you’ll see for your application will depend on your unique details. Once you submit your application, we start confirming the information you entered about your identity, employment, and income.

If we need any additional details or documents, we’ll let you know through your To-Do List, so check in on that regularly. You can also sign into your Member Center anytime to check your loan status.

For more details on the loan process as a whole, read How do I get a loan?


1. Between April 1, 2023 and June 30, 2023, Personal Loans issued by LendingClub Bank were approved within 2 hours, on average. Loan approval, and the time it takes to issue a credit decision, are not guaranteed, and individual results vary based on creditworthiness and other factors. 

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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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