LendingClub is a marketplace with associated financial services, such as loans. Therefore, this LendingClub Personal Loan review will show you some of this option’s main pros and cons.

With this type of personal loan, you have a minimum rate of 8.30% APR associated. In addition, you can get up to $40,000 to solve your financial life. Learn all about the LendingClub Personal Loan.

LendingClub offers a convenient digital marketplace for those seeking to take out a personal loan without visiting a brick-and-mortar office.

Borrowers can borrow between $1,000 and $40,000 with less stringent eligibility requirements. LendingClub is a viable solution for borrowers with fair to good credit.

It matches investors, or peer-to-peer lenders, with consumers searching for short-term (36 months) and long-term (60 months) loans.

However, it is important to consider that LendingClub is subject to normal interest rates, fees, due payment dates, and lenders’ terms.

So keep reading this LendingClub Personal Loan review is worthwhile before making a financial decision.

LendingClub Personal Loan has several interesting advantages. For example, fast prequalification and high total value. Also, a good credit score is just enough to apply.

However, the associated APR fees can be relatively high. In addition, you have extra fees like origination and late payment. Compare the pros and cons and draw your conclusions.

LendingClub Personal Loan can help you consolidate small debts. However, to apply, you need to have a minimum credit score of 600. You don’t have to be excellent; just good is enough.

However, if you want to pay lower associated APR fees, you must have a higher credit score. After all, the lower the credit score, the higher the APR interest rates you will have to pay.

The LendingClub Personal Loan can get you up to $40,000 to borrow. The application can be made online, and you must fulfill some minimum requirements. Check out the step-by-step application.