Wrap up your loan offer with LendingClub Bank, the nation's leading digital marketplace bank.
Checking your rate won't impact your credit score.
Join Over 4 Million Members
Fast funding upon approval
Fixed rates and monthly payments
No prepayment fees or penalties
Automatic payment withdrawals
LendingClub is America’s leading digital marketplace bank, and we’ve been connecting borrowers with investors since 2007. We’ve 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.
You can help keep things moving along by checking your To-Do list and making sure you have submitted all the documents and information requested.
You can apply and complete the entire process online from the comfort of your home using your phone, laptop, or tablet. Once your personal financial information has been verified, we’ll use our marketplace to look for investors for your loan. If your loan is funded and, depending on your selections, your money will be sent directly to your creditors and/or deposited into your bank account.
It’s possible to qualify for a higher loan amount and receive a better rate by applying for a joint personal loan with a co-borrower. One of the main reasons people apply with a co-borrower is help you qualify for a larger loan amount, allowing you to consolidate and pay down debt more quickly. Learn more about joint personal loans.
Choose your offer
Once your application is complete and loan request is approved, you’ll be able to review the loan amount, interest rate, APR, monthly payment, and loan term.
Confirm your information
We ask for your Social Security number, and about your income and employment. If we need any other documents or information, we'll let you know in your To-Do List. Then, hold tight while we look for your investors on our marketplace and wrap up your loan.
Get funded
Once your loan is approved, we’ll send the money directly to your bank account, and/or to your creditors if you choose this option.
You can use a personal loan for almost any purpose, with a few exceptions. LendingClub members often use personal loans to pay off credit cards at a lower rate, consolidate debt, or take care of unexpected home repairs and medical bills. A few ways a personal loan with LendingClub cannot be used include anything related to education after high school, making investments (such as securities or cryptocurrency), or illegal.
A personal loan could positively impact your credit if you’re able to show a history of on-time payments and a reduction in your total overall debt (i.e., as long as you don’t add new debt such as higher credit card balances). Also, checking your rate with LendingClub has absolutely no impact to your credit score because we use a soft credit pull. A hard credit pull (that could impact your score) occurs only if you continue with your loan and your money is sent. Learn more about soft vs. hard credit check.