Personal Loans Up to $40,000: Check your rate. It won’t impact your credit score. Do More With a Personal Loan. Pay down high-interest debt, consolidate credit card balances and save money. With single monthly payments, competitive fixed interest rates, and no prepayment penalties, a personal loan from LendingClub Bank can help you simplify your finances and take control of your debt.
How LendingClub Works
Apply in Minutes Get customized loan options based on what you tell us. Choose a Loan Offer Select the rate, term, and payment options you like best. Get Funded Once your loan is funded, we’ll send the money straight to your bank account or pay your creditors directly.
Bank Smarter with LendingClub
Make the most of your money with LendingClub, recently awarded for its Best Cash Back Checking Account on Newsweek's America's Best Banks list for 2022. Our superior products and services are built to help you reach financial wellness, including our award-winning checking account, Rewards Checking, offering 1% cash back, ATM rebates, and more.
Questions? We’ve Got Answers
How is LendingClub different?
LendingClub is America’s largest lending marketplace, connecting borrowers with investors since 2007. Our LCTM Marketplace Platform has helped more than 4 million members get over $70 billion in personal loans so they can save money, pay down debt, and take control of their financial future. And because we don’t have any brick-and-mortar locations, we’re able to keep costs low and pass the savings back to you in the form of great interest rates. Learn more about our personal loan rates.
What is a personal loan?
A personal loan is money lending through a financial institution like a bank or an online lending marketplace that can be used to pay down credit cards, consolidate debt, or cover a wide range of expenses. Personal loans come with fixed monthly payments over a set period.
How is a personal loan different than a credit card?
Instead of credit limits, introductory rates, or revolving balances, personal loans come with a fixed rate and payment that you choose upfront. No additional interest will be added to your loan once you lock in your rate, so nearly all of your monthly payments will quickly reduce your balance and pay down your debt. Learn more about personal loans vs. credit cards.
Will checking my rate hurt my credit score?
Checking your rate with LendingClub Bank has absolutely no impact on your credit score because we use a soft credit pull. A hard credit pull that could impact your score will only occur if you continue with your loan and your money is sent.
The good news is that a personal loan could also positively impact your credit down the road by showing a history of on-time payments and reducing your total debt (as long as you don’t add new debt, like increased credit card balances). Learn more about soft vs. hard credit checks.
How can I protect myself from scams?
Scammers often try to collect personal and/or financial information from consumers by posing as employees of philanthropic organizations or financial services companies. Be cautious about providing personal or financial information to anyone, even if they claim to be from a company you already do business with. Learn about the advance fee scam.
Financial well-being for everyone.
Everything we do is centered around empowering you to meet your personal financial goals by enabling access to a broad range of financial products, services, and educational resources, all designed to help you pay less when borrowing and earn more when saving.
Fast, Flexible Small Business Loans
Our partnership program with the nonprofit Accion Opportunity Fund 1 connects you to affordable small business loans from $5,000 - $500,000, with transparent terms and personalized service.
Small Business Administration (SBA)
LendingClub Bank is a nationwide SBA Preferred Lender offering small business clients SBA 7(a) and 504 loan products starting at $400,000.
Equipment Financing
Our team will work with you to provide a range of flexible options to finance your next purchase of essential-use equipment. Target transaction size between $1 million and $10 million.
Commercial Real Estate
LendingClub offers flexible commercial real estate financing options to help you with your investing needs. The typical loan size is up to $10 million.