How much can you borrow from LendingClub? This question is about LendingClub

You can borrow $1,000 - $40,000 from LendingClub, depending on your credit score, income, employment status and other factors. LendingClub personal loans also have APRs of 8.05% - 35.89%, based on your overall creditworthiness, and repayment periods of 36 or 60 months. You will need to have a credit score of 600 - 640+ to qualify. Key Things to Know About LendingClub Personal Loans Loan amounts: $1,000 - $40,000 APRs: 8.05% - 35.89% Repayment periods: 36 or 60 months Credit score requirement: 600 - 640+ Funding timeline: 4 - 11 business days after approval Origination fee: 1% - 6% Late fee: 5% of payment (min. $15) For more information, check out the full LendingClub personal loan review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.

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How much can you borrow from LendingClub?

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This question is about LendingClub

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Grace Enfield, Content Writer

@grace_enfield • 08/12/22 This answer was first published on 08/12/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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You can borrow $1,000 - $40,000 from LendingClub, depending on your credit score, income, employment status and other factors. LendingClub personal loans also have APRs of 8.05% - 35.89%, based on your overall creditworthiness, and repayment periods of 36 or 60 months. You will need to have a credit score of 600 - 640+ to qualify.

Key Things to Know About LendingClub Personal Loans

Loan amounts: $1,000 - $40,000
APRs: 8.05% - 35.89%
Repayment periods: 36 or 60 months
Credit score requirement: 600 - 640+
Funding timeline: 4 - 11 business days after approval
Origination fee: 1% - 6%
Late fee: 5% of payment (min. $15)

For more information, check out the full LendingClub personal loan review on WalletHub. You can also estimate your potential rates with our free pre-qualification tool.

Answer Question

Is it difficult to get a LendingClub personal loan?

It is not very difficult to get a personal loan from LendingClub because they offer personal loans for people with credit scores as low as 600-640+. Other LendingClub personal loan requirements include being at least 18 years old, having an SSN, and having enough income to afford monthly loan payments.

LendingClub Personal Loan Requirements

Minimum Credit Score: 600-640+ credit score
Age: 18+ years old
Residency: U.S. citizen, permanent resident, or...

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Is LendingClub legit?

Yes, LendingClub personal loans are legit because LendingClub is a legitimate online lender registered to do business in the states it services, which is a legal requirement to be a legitimate lender. Another reason why LendingClub personal loans are legit is that the lender has a rating of A- from the Better Business Bureau. The company also is accredited with the Bureau.

Why LendingClub Personal Loans Are Legit

LendingClub is registered as...

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Does LendingClub do a hard inquiry?

Yes, LendingClub does a hard inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.

LendingClub's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual...

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