LendingPoint may approve you the same day you apply or within 1 business day. After your application is approved and you accept the offer, it takes as soon as the next day to receive your funds, which LendingPoint will send to you by electronic bank transfer.
Key Things to Know About LendingPoint Loan Approval
It takes 1 business days to get money from a LendingPoint personal loan, in most cases. That includes both the time it takes to get approved and the time it takes for the funds to be delivered after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.… read full answer
How to Get Money From LendingPoint as Fast as Possible
Fill out the application carefully. You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from LendingPoint having to request additional information.
Check your credit report for errors. Before you apply, you should verify that everything on your credit report is accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you should dispute them right away to get them removed.
Get your credit score above the minimum. Ideally, you should only apply for a LendingPoint personal loan once your credit score exceeds the minimum requirement of 600. That will make it easier for LendingPoint to decide whether you qualify, which could lead to a quicker decision.
Apply online. Online applications have the fastest processing times since they are automated and streamlined.
Once you get approved for a LendingPoint personal loan, the money will be delivered through an electronic funds transfer to your bank account.
You can get LendingPoint personal loan pre-approval through WalletHub's free personal loan pre-approval tool. This will allow you to see your odds of approval for a personal loan with LendingPoint, as well as your potential interest rates, and the process will have no impact on your credit score.
Enter your desired loan amount and select the reason for borrowing.
Click "Get Started."
Select your employment status, then enter your annual income.
Select whether you rent or own your home and click "Continue."
Create a WalletHub account if you haven't already.
Receive your pre-approval status.
It's important to note that WalletHub's personal loan pre-approval tool doesn't just check for pre-approval with LendingPoint. It also checks with multiple other personal loan providers at the same time, so you can see your options.
To check for pre-approval directly with LendingPoint, go to its website and click on Apply Now. Then, enter the loan amount, loan purpose, your name, home address, email, and phone number, individual pre-tax annual income, income source and Social Security number. After that, click Check My Options, and receive your pre-approval status after a few moments.
Keep in mind that if you are pre-approved for a personal loan, you're not guaranteed to be approved when you submit an application. Your approval odds will be very high, though.
Yes, you can pay off a LendingPoint personal loan early, and it's actually a good idea to do that. You will save money by paying it off early because you will owe less interest. LendingPoint, like most reputable lenders, does not charge a fee for paying your loan off early.
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