Updated April 2026Expert Reviewed
L
LendingClub Personal Loan Review
4.5
APR Range
9.57% - 35.99%
Loan Amounts
$1,000 - $40,000
Repayment Terms
2-5 years
Min. Credit Score
600
Origination Fee
3%-8%
Funding Speed
Same-next day
4.5
Our Verdict
LendingClub is best for debt consolidation, offering competitive rates with same-next day funding.
Pros
- Joint loan option
- Direct payment to creditors
- Choose payment date
- Same-next day funding available
Cons
- Origination fee: 3%-8%
- APR can go up to 35.99%
- Min credit score: 600
How LendingClub compares
| Lender | Rating | APR | Fees | Speed |
|---|---|---|---|---|
| LendingClub | 4.5 | 9.57%-35.99% | 3%-8% | Same-next day |
| SoFi | 4.9 | 8.99%-29.99% | Optional (0-7%) | Same day |
| Upgrade | 4.7 | 9.99%-35.99% | 1.85%-9.99% | Same day |
| LightStream | 4.9 | 6.49%-25.99% | None | Same day |
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LendingClub FAQ
LendingClub requires a minimum credit score of 600. However, the best rates are typically available to borrowers with excellent credit (720+).
LendingClub typically provides funding in same-next day. Actual funding times may vary depending on your bank and application completeness.
LendingClub's origination fee is 3%-8%. This fee is typically deducted from the loan disbursement.
Most personal loan lenders, including LendingClub, offer a soft credit check for prequalification that does not impact your credit score. A hard inquiry only occurs when you formally submit a full application.
LendingClub offers personal loans ranging from $1,000 to $40,000 with terms of 2-5 years. The exact amount you qualify for depends on your creditworthiness, income, and debt-to-income ratio.
LendingClub earns a 4.5/5 rating in our analysis. It's best for debt consolidation. Key strengths include joint loan option and direct payment to creditors. APR ranges from 9.57% to 35.99%, which is competitive.
Lauren Vasquez
Senior Financial Analyst · CFP®, Former Loan Officer
Lauren Vasquez is a Certified Financial Planner with over 12 years of experience in personal lending and consumer finance. She spent eight years as a senior loan officer at Wells Fargo before joining Fast Loan Express to help everyday borrowers cut through the noise and make smarter decisions.
Read Lauren's articles on Medium →