Lending Club Personal Loans Review
It can be difficult for a person to know exactly where to go to get a personal loan. Many options are available, but only one is best for an individual’s situation. Peer-to-peer lending is a fairly new style of lending in which motivated investors offer their money to borrowers.
The investors get a good return, and the borrowers get a reasonable interest rate. Everyone wins. Lending Club is one of the largest and most popular P2P lending sites. Anyone who is seeking a personal loan can visit their site to check their rate for a personal loan without impact to their credit score.
What Are the Benefits of Using Lending Club?
One of the main benefits of using Lending Club is that it is not as strict as a traditional lender such as a bank or credit union. Many people prefer getting their loans through Lending Club because of the low interest rates and 100% online no hassle process.
Traditional lenders such as banks or credit unions can have high interest rates for people who have less-than-perfect credit. Lending Club is a place for people to go online, without feeling the pressures of a traditional lender.
Who Qualifies for Lending Club Help?
Everyone who is 18 years of age or older can apply for Lending Club personal loans, as long as they can show they are a good risk. The person should also have a verifiable bank account and a decent steady income. You should have a minimum credit score of around 620.
How Does the Loan Process Work?
The first step in getting approved for Lending Club personal loans is completing the easy online application. Some basic personal information is required. You will provide info on the purpose of the loan the amount you require.
Borrowers can use the loans for debt consolidation, large purchases, moving, vacation, business purposes or just about anything.
One you submit the Lending Club online application, you will receive a rate quote and terms for you loan. If the person accepts the loan agreement, the company will provide the funds via direct deposit normally within a day of approval. It’s really that simple to get a Lending Club personal loan.
How Do Consumers Rate Lending Club?
Consumers rate lending club highly and most cases a 5 out of 5 stars. This Lending Club personal loans review is positive because of the companies great rates and customer service. Lending Club is the largest of the peer-to-peer lenders and has the online lending process down to an art. You can feel comfortable that if you have good credit that they will get you a personal loan to meet your needs.
How Do I Apply for Lending Club Personal Loans?
Applying for Lending Club Personal Loans and Offers is easy. Just visit www.LendingClub.com