If you’re thinking of taking out a loan and need some extra cash, then you may want to consider the LendingClub Personal Loan.

With fast approvals and competitive rates it’s becoming one of the most popular personal loans available.

This reputable online lending company has made quite the name for itself in the past few years, with over 4 million satisfied customers and $80+ billion borrowed. 

But what makes them unique among other lenders? Let’s take an in-depth look at the LendingClub Personal Loan in our review so you can decide if it’s right for your borrowing needs.

LendingClub is like a matchmaker for people who want to borrow money for various reasons.

It’s all online, so you just need to fill out an application on their website, and they’ll let you know if you qualify for a loan and how much you can borrow.

One interesting fact about LendingClub is that you can get a loan even if your credit isn’t perfect.

They have different grades of loans depending on how risky they think you are, and the interest rate you get will depend on your grade.

If you have good credit, you’ll get a lower interest rate, but even if you have bad credit, you can still get a loan. In that case, you can secure lower rates by applying for a joint loan. 

Once you get approved for a loan, LendingClub might deposit the funds into your account within two business days.

You’ll make fixed monthly payments to LendingClub, and you can even change your due date if you need to. 

There are definitely pros and cons to taking out such a loan, but it’s worth exploring whether or not LendingClub is the right fit for your borrowing needs.

Let’s take a closer look at the advantages and potential drawbacks next. 

Having a good credit score is important when applying for a LendingClub Personal Loan, but it’s not a requirement.

The recommendation is a minimum credit score of 600, although higher credit scores will likely result in better loan terms.

If you have a lower credit score, you may still be able to qualify for a LendingClub loan, but you may face higher interest rates.

Now that you know how a personal loan with LendingClub works, how about applying for yours?

You can do it online in only a few minutes, and the pre-qualification process won’t harm your credit score. Check the following link for a complete walkthrough.