Personal Loan Lender Directory

LendingPoint

4.3

Accessibility

Rates & Terms

Repayment Experience

Speed

LendingPoint

Loan Amount

$1,000 to $36,500 for Personal Loans¹

Loan term

24 to 72 Months

Our Verdict

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.

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Pros and Cons of LendingPoint

LendingPoint can be a great option for individuals seeking quick and flexible financial solutions through personal loans.⁵

Pros

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

Cons

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	4.3	4.5	3.8
Repayment Terms	24 to 72 Months	Varies by State	N/A
Funding Timeline	Receive funds by the next business day	Receive funds in as little as one business day¹ ⁵	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	Qualified borrowers can expect convenient access to cash, competitive interest rates, and a streamlined application process.⁴ However, you cannot apply for a loan in person.⁵	Title loans and payday loans are available from Alabama Title Loans, but in-person inquiries can be required.^{4 5}