Adam McCann, Financial Writer
@adam_mcan
The best LendingClub alternatives are the peer-to-peer lenders Prosper, Upstart, Payoff and Peerform, as well as LightStream, Marcus, American Express and Achieve Personal Loans when it comes to online lenders, banks and credit unions. While LendingClub is a decent lender, rated 4 stars out of 5 by WalletHub, its loans are a bit more expensive than loans from the best competitors.
For example, LendingClub personal loan APRs range from 6.53% - 35.99% and the origination fees range from 0% - 8% of the loan amount. On the other hand, LightStream – one of the best LendingClub alternatives – offers APRs that range from 7.44% - 25.39%, as well as a 0% origination fee.
Some of LendingClub’s competitors offer larger loans and lower credit score requirements, too. LendingClub offers loans of $1,000 - $60,000, and most of its loans require a credit score of 660+. In contrast, competitors like LightStream and Upstart can provide $50,000+ in funding, and some lenders like Peerform have credit score requirements as low as 600.
Best LendingClub Alternatives:
- LightStream: APRs of 7.44% - 25.39%. 0% origination fee. Loans of $5,000 - $100,000. Credit score of 660 needed.
- Marcus by Goldman Sachs: APRs of 6.99% - 24.99%. 0% origination fee. Loans of $3,500 - $40,000. Credit score of 660 needed.
- American Express: APRs of 6.99% - 19.97%. 0% origination fee. Loans of $3,500 - $40,000. Credit score of 660 needed.
- Achieve Personal Loans: APRs of 8.99% - 29.99%. 1.99% - 8.99% origination fee. Loans of $5,000 - $50,000. Credit score of 620 needed.
- Prosper: APRs of 8.99% - 35.99%. 1% - 9.99% origination fee. Loans of $2,000 - $50,000. Credit score of 640 needed.
- Upstart: APRs of 6.6% - 35.99%, typically. 0% - 12% origination fee. Loans of $1,000 - $75,000. Credit score of 300 needed.
- Payoff: APRS of 7.95% - 29.99%. $10 - $15 (varies by lender) origination fee. Loans of $5,000 - $50,000. Credit score of 640 needed.
- Peerform: APRS of 5.99% - 29.99%. 1% - 5% origination fee. Loans of $4,000 - $25,000 Credit score of 600 needed.
- Navy Federal Credit Union: APRs of 8.99% - 18%. 0% origination fee. Loans of $250 - $50,000. Credit score requirements not disclosed.
There’s an easy way to find the best LendingClub alternatives for you. You can use WalletHub’s free personal loan pre-qualification tool to show you which lenders will give you the highest approval odds, as well as estimate what rates you can look forward to if approved.
Upstart Disclosure: Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. Minimum loan amounts vary by state: GA ($3,100), HI ($2,100), MA ($7,000).
The full range of available rates varies by state. A representative example of payment terms for an unsecured Personal Loan is as follows: a borrower receives a loan of $10,000 for a term of 60 months, with an interest rate of 19.60% and a 6.90% origination fee of $690, for an APR of 23.22%. In this example, the borrower will receive $9310 and will make 60 monthly payments of $264. APR is calculated based on 5-year rates offered in March 2025. There is no downpayment and no prepayment penalty. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
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read full answer by Adam McCann, Financial WriterWhat are LendingClub's rates?
LendingClub’s rates range from 6.53% - 35.99% on personal loans. LendingClub also charges an origination fee of 0% - 8% of the loan amount. This fee is not built into the APR.
The LendingClub personal loan APR range is about average compared to other personal loan providers. Some competitors have minimum APRs closer to 6%, though, and few can top LendingClub’s maximum APR. It’s one of the highest on the market.
LendingClub’s average APR for personal loans...
read full answer by Adam McCann, Financial WriterDid we answer your question?
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