January 4

Lending Club Loan Types and Features


Need to get rid of your high-interest debts? Lending Club may be able to help you with its personal loans. Founded in 2006, Lending Club is the largest peer-to-peer lending company in the world. It is headquartered in San Francisco, California, and it has originated $7.62 billion in loans as of December 31, 2014.

LendingClub Personal Loans are available for up to $35,000 and you can apply online in matter of minutes and get your funds in a few days. You are not required to visit a Lending Club branch to complete your loan application. After applying online, you can also review the loan offers that you qualify for. Personal loans from the company come with fixed rates and monthly payments and no hidden fees.

You are free to use your loan amount the way you want. Either pay off high-interest debts and credit card bills, make a major purchase, renovate your home, or fulfill your other financial goals. All Lending Club personal loans feature a competitive fixed rate and the monthly payment remains the same throughout the repayment period. The company offer various personal loan types that include:

Debt Consolidation Loan

If you are looking to get rid of your high-interest debts or credit card bills and reduce your monthly payments, a personal loan from Lending Club can help you pay off your debts and consolidate them into an affordable single monthly payment. You can reduce your interest rate by an average of 32% and with fixed rates and fixed monthly payments, you get a clear idea of how much to pay and how to fulfill your financial goals. You can make your application online and once approved, your loan amount will be deposited directly into your account in just a few days.

Home Improvement Loan

If you are thinking to remodel your master bedroom or add a porch to your house, a home improvement loan via Lending Club can get you started on your project. In just a few days, you can have the funds deposited into your bank account after making a fast and simple online application. The company can provide you an unsecured loan that shall be determined by your current credit rating and not the equity in your home. Your repayment amount will never increase as you get an affordable fixed rate and monthly payments. You can get the loan without leaving your home as you are not required to visit a bank, complete piles of forms, have your home appraised or visit a notary office.

Business Loan

Get started with your own business or expand your existing business with an affordable business loan from Lending Club. The company offer business loan up to $300,000 at interest rates starting at 5.9%. There are no prepayment penalties or hidden fees involved and you can apply under 5 minutes and get multiple quotes to choose from. You can use the loan amount to buy inventory, expand your business, purchase equipment, and much more. Business loans are made available to almost every type of business, including personal services, retailers, contractors, restaurants, wholesalers, manufacturers, and health & wellness providers.



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