LendingPoint
LendingPoint Review by Max Cash
For borrowers with less-than-perfect credit needing quick funding, LendingPoint offers personal loans up to $36,500 with no credit impact when applying.1 LendingPoint uses their own proprietary technology and algorithms to give more borrowers better chances of being approved, with funds directly deposited as soon as the next business day. LendingPoint also has a Knowledge Center and other helpful resources to educate borrowers on properly managing money and making better financial choices down the line.
Partner Disclosure
Although we don't cover every financial product or company, we strive to offer a diverse selection of offers and objective editorial viewpoints from the Max Cash content team. Our partners and affiliates, which include some of the lenders we may recommend, have no bearing on our editors' opinions or ratings, which are dependent on internal opinion and derived from analysis and research. You can find a list of our partners here.
Pros and Cons of LendingPoint
LendingPoint can be a great option for individuals seeking quick and flexible financial solutions through personal loans.5
- Uses proprietary technology and AI to increase borrower approvals
- No prepayment penalties3
- Convenient app to manage account
- If approved, funding is possible as soon as the next business day5
- Charge origination fee up to 10%
- Not available to Nevada or West Virginia residents
- APR high as 35.99%, particularly for bad credit consumers
How LendingPoint Compares
to Other Options
|
|
|
|
|
| Max Cash's Rating | |||
| Repayment Terms | 24 to 72 Months | Varies based on credit history and loan amount | Typically 24-48 months⁴ |
| Funding Timeline | Receive funds by the next business day | Receive funds on the same day or by the next business day | Receive funds in as little as one business day |
| Bottom Line | LendingPoint serves consumers with poor credit needing personal loans with an easy application process and technological approach to better their approval chances. Funding can be available the next business day, if approved, but LendingPoint is not available nationwide.5 |
Western Shamrock Loans offers personal loans to eligible residents of Texas and Oklahoma, and Missouri, who may need extra financial help.5 |
Offers both personal loans and title loans to qualified borrowers, but the application process is not as streamlined as other options. Borrowers may have convenient options for repaying their loans.5 |
| Visit Profile | Visit Profile | Visit Profile |
Frequently Asked Questions about
LendingPoint
LendingPoint is a legitimate Atlanta-based lender that has been operating since 2014.
Call 888-969-0959 to get in touch with a representative.
LendingPoint is accredited by the Better Business Bureau (BBB) and has an A+ rating.
Ready to See if You Qualify for Funding?
Partner Disclosure
Although we don't cover every financial product or company, we strive to offer a diverse selection of offers and objective editorial viewpoints from the Max Cash content team. Our partners and affiliates, which include some of the lenders we may recommend, have no bearing on our editors' opinions or ratings, which are dependent on internal opinion and derived from analysis and research. You can find a list of our partners here.