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Lending Club Loans from 7.89%. 10% Off Fees

35 comments

Offered by:
LendingClub
See all offers from LendingClub

Related Offers:

Lending Club Loans from 7.89%. Get 10% off fees. Consolidate pesky credit cards, pay for a small project at home, or cover that short term expense with a 3-year loan from Lending Club.

Do You Have Excellent Credit?

Not only will you get a better rate, but you will also get 10% off! Lending Club rewards borrowers with good credit. You can borrow money at better interest rates because these online loans are direct loans - they're being funded by other people like you or organizations, including Lending Club itself, that do not have the administrative costs of banks.

Here you can get an unsecured personal loan to help consolidate debt (e.g. paying off credit cards), fund a small home business or educational expenses or for any other purpose, directly from other members. Whatever the reason, join Lending Club to enjoy the kind of low interest rate only possible through peer lending!

Lending Club is open to US residents, and this Karma offer is available exclusively to you based on your excellent credit history.

With Lending Club, you will:

List your loan request through our site: no need to talk to a loan officer at a bank
Get a low interest rate, funded by other people, and a good deal on processing the loan
Enjoy predictable payments: 36 month loan, fixed interest rate and payments, no prepayment penalties

Offer Rules:
This Offer is available exclusively to Credit Karma borrowers. Borrower pays 0.75%-2% of the loan amount as origination fees. 10% off will be reimbursed to the borrower once the loan issues.

See our Lending Club Review for more details.

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USER COMMENTS(35)

joejoev
Mar 21
9:55 am

Good offer...if I qualified. My credit score is well above the minimum required, but my DTI is too high.

veggivet
Feb 12
5:26 pm

As a lender, my experience has been all positive. My money is working much harder for me, rather than languishing in 3% money market funds. Averaging a 12% return at this point. I can't comment on this offer from a borrower's perspective.

clujean
Jan 31
2:19 pm

I am a lender and so far it's been a very positive experience. Two of my friends got loans through them and they've been happy to be able to consolidate their cc debt at a much lower rate, fixed interest and fixed installments for 36 months.

I would highly recommend them.

Lorene
Jan 24
2:35 pm

I have a loan through Prosper and with Lending Club. They were both very easy to obtain, and have come through with the money I needed for a special occasion. I will become a lender when I am able to in the future.

glossybird
Jan 5
5:54 pm

I've had a great experience with Lending Club. I applied for and was approved for two loans, $2000 and $4500 to tide me over between jobs. I couldn't expect a trad bank to extend me credit, and I had savings, but wanted to ensure I had six months of padding. I'll pay back one early and keep making payments on the other. Both loans at 8%. The type of loan does make a difference...try for home repairs or moving expenses. Check list of other loans to see what types get better rates (hint, view like an investor to compare credit scores & D/I ratio to see how you might fare as a borrower). Happy Borrowing!

uncle
Jan 3
9:18 am

was almost funded and then my loan was canceled. no problems on my credit report. score 700.

wesolows
Dec 31
3:38 pm

Supposing you get the 7.88% rate; what are you going to do with the funds that will provide a higher return? There aren't many investments (direct or portfolio) offering a risk/reward profile that would justify such an expensive loan. And if you're looking to make portfolio investments, your broker probably offers margin rates at least 100bp better than this.

Not worth it. I might think about it at 3% (as a reminder, the Treasury is paying about 1% on similar maturities, and they owe 3x their annual income while I owe nothing), but if the LC lenders want 8% they'll be limiting themselves to desperate people and their credit losses will reflect that.

gream88
Dec 21
7:18 pm

It doesn't make sense , ex; if you have a certain credit score that meet the requirements and still later been declined.

toneloc
Dec 2
8:23 am

Don't start spending the money until you get the money, trust me. I have a 750 credit score (Transunion, which is who they use most) 10% Debt to Income Ratio and was applying for a $10,000 personal loan. DECLINED! My wife has a 750 score and a 5.3% DTI and was approved for the same loan after my denial. I have nothing on my credit reports. No late, No public records, nothing! They want perfect people over there in this time of "CREDIT CRISIS". Oh well she got it so now its done. Soft pull on credit initially so worth at least trying.