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.
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
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| Max Cash's Rating | |||
| Repayment Terms | 24 to 72 Months | N/A | Up to 84 Months |
| Funding Timeline | Receive funds by the next business day | Receive funds on the same business day | By the next business day depending on the loan |
| 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 |
For those without a checking account or poor credit, Justice Finance can offer personal loans up to $1,760 with no collateral required.1 Apply online, in-store, or by phone with same-day funding possible, but available only in the DFW area.5 |
SoFi provides a quick and easy online lending experience with convenient loan approvals up to $100,000, if qualified.5 Use funds for a multitude of uses, including home repairs and refinancing, but only for consumers with relatively decent FICO scores. |
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.
