Personal Loan Lender Directory

LendingClub

4.3

Accessibility

Rates & Terms

Repayment Experience

Speed

LendingClub

Loan Amount

Up to $60,000 for Personal Loans¹

Our Verdict

LendingClub has led the way as being one of the first digital marketplace banks providing debt consolidation and business loans up to $60,000 with a revolutionary peer-to-peer lending model linking consumers to institutional investors with lightning speed.¹ Borrowers can check their rate online with no credit impact, choose a loan amount, and if approved, funds are direct-deposited within a few business days with competitive interest rates and terms.

Get Started

Pros and Cons of LendingClub

LendingClub can be an excellent option for individuals and businesses seeking flexible financial solutions through business and personal loans.⁵

Pros

Loans come with fixed rates and payments with no additional interest
No prepayment fees³
Making on-time payments can positively impact credit
Funding is possible within a few business days^{1 2}

Cons

Charge origination fee from 1% to 6% of the loan amount
Not available in all states
Minimum credit score of 600 required for some loans
Same-day funding not available

How LendingClub Compares
to Other Options


Max Cash's Rating	4.3	4.5	4.3
Repayment Terms	N/A	Depends on Product Type and Varies by State⁴	N/A
Funding Timeline	Receive funds within a few business days	Receive funds as little as 30 minutes or the same business day¹ ⁵	Receive funds on the same day or by the next business day
Bottom Line	LendingClub offers personal loans up to $60,000 through its peer-to-peer lending model with competitive rates and flexible repayment options.¹ Fee structures are clear and transparent, but best suited for consumers with better credit.	TitleMax loans are known for their quick funding and flexible approval process but may have shorter repayment terms.⁴ Applying for a loan in person or online is an option.⁵	Delaware Title Loans, Inc. is a convenient option for Delaware residents needing urgent cash with fast approvals and in-store and mobile visit options.⁵ Also, borrowers keep their car while they pay off their loans on time each month.