Rick Bormin, Personal Loans Moderator
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To apply for a LendingClub personal loan, first check for pre-qualification and then enter your personal and financial information on the online application. Next, verify the accuracy of the information, submit the application and wait to receive a decision.
How to Apply for a LendingClub Personal Loan
- Check for pre-qualification. Pre-qualification is a way to check your approval odds and potential rates before applying for a LendingClub personal loan. It doesn't hurt your credit. You can check for pre-qualification on the LendingClub website or WalletHub's pre-qualification tool.
- Enter your personal information on the application. LendingClub requires the following personal information on the application: your name, email address, phone number, address, date of birth, driver's license or other identifying documents, and Social Security number.
- Enter your financial information on the application. LendingClub requires the following financial information on the application: your annual income, additional income and housing situation.
- Double check the application for accuracy. To ensure that your LendingClub personal loan application gets processed as quickly as possible, make sure that all the information is correct and complete before you submit it.
- Submit your application. LendingClub will typically provide a decision on your application within 1 to 3 business days.
If you are approved for a LendingClub personal loan, you will generally receive the funds within 2 to 4 business days after approval. After that, it's your responsibility to make monthly payments until you have fully paid back your loan, including interest.
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