How Do I Apply For Lending Club Personal Loans?
Lending Club personal loans have become very popular in the last couple years. They are actually the largest provider of peer-to-peer personal loans.
www.myinstantoffer.com is the site for their invitational offer for a personal loan if you received one through direct mail.
When you need a personal loan to pay off credit cards or consolidate debt Lending Club personal loans can be a good choice. Maybe you want a home improvement loan or need to make a major purchase.
There are many reasons to apply for an unsecured personal loan through Lending Club. You can apply with www.myinstantoffer.com or just click on the button below to check your rate with Lending Club. Apply for a Lending Club personal loan.
The process is simple and only takes a few minutes to fill out the easy online form to check your rate. Checking your rate won’t impact your credit score as they do a soft pull.
Once you get your rate you will review it. Once you accept the terms the loan will be funded by individual investors on the lending platform.
After your Lending Club personal loan is funded it will be direct deposited into your account. Yes, it’s that easy!
About Lending Club
Lending Club is a peer-to-peer lending company that is headquartered in San Francisco.
They connect borrowers who need money to individual investors who have money to lend. It is unlike a traditional bank and has become extremely popular as the entire process is faster and can be done 100% online.
The company was founded in 2006 and has helped to fund millions of dollars in loans for consumers. Lending Club personal loans can be used for a variety of reasons and helped consumers find solutions to their borrowing needs.
How Much Can I Borrow With Lending Club?
Lending Club will review the information on the form you fill out and if approved will determine the amount of your loan.
The range of loan amounts is between $1,000 and $40,000.
There are no prepayment penalties if you want to pay the loan back early.
Typically the repayment period on Lending Club personal loans is between 3 – 5 years.
Is Lending Club Good for Borrowers?
Yes, Lending Club is good for borrowers. The nice thing for borrowers is that you can easily fill out the form in a few minutes and get a rate quote without impacting your credit score.
Another advantage is that you can apply for Lending Club personal loans from the convenience of your own home 24 hours a day 7days a week. You will also get a quick response and can get a personal loan funded within a few days.
The funded loan amount is direct deposited into your account or sent direct to creditors if doing a debt consolidation or paying off credit cards.
A Lending Club personal loan also gives you peace of mind. You get an unsecured personal loan with a fixed rate and payment. Unlike with a credit card you will have an exact end date when your loan will be paid off. This helps you manage your cash and debt load better.
How Can I Use Lending Club Personal Loans?
You can really use Lending Club personal loans for any reason. We will list a few below to give you a general idea. One of the most popular reasons it to pay off credit cards or do a debt consolidation. But, others like to use them for home improvements or to pay for major purchases.
What is the Minimum Credit Score for Lending Club?
The minimum credit score is 600, but the average borrower at lending club has an score of 700.
Over the Lending Club platform and through their offer at www.myinstantoffer.com, you can get funded for a personal loan up to $40,000.