Apply Lending Club Personal Loan at Myinstantoffer.com
If you have received the Myinstantoffer.com Lending Club RSVP Code and if you are thinking to apply for a loan, then this article is for you. Through this article, we will guide you to apply for the Lending Club Personal Loan. Here, we will also discuss all the other details related to the loan. So, we suggest you read this article till the end to know more about the Lending Club Personal Loan.
About Lending Club Personal Loan
LendingClub is a peer-to-peer company that works as a broker to match investors with would-be borrowers. They provide personal and business loans and take advantage of auto and medical financing. Instead of a bank or financial institution, they act as lenders to fund your loan.
Lending Club’s unsecured personal loans range from $1,000 or $40,000 with decent APRs, but not the lowest available. They change the origination fees and requires fair to excellent credit score to get qualify. If your credit score is bad and is approved for a loan with a high-interest rate along with a steep origination fee, then you should look for a different lender.
LendingClub Personal Loan Rates
Loan Amount: $1,000 to $40,000
APR: 8.30% to 36.00%
Minimum Credit Score: 600
Time to Receive Funds: Within two days
Pros and Cons of LendingClub Personal Loan
Pros:
- Accessible to most borrowers: LendingClub requires a minimum credit score to get qualify for a personal loan. However, the best loan terms will go to borrowers with high incomes and excellent credit scores.
- Offers Joint Applications: If you are not qualified for the loan on your own, then you can apply with the co-borrower.
Cons:
- Origination Fee: LendingClub Personal Loan, you have to pay the origination fee of 3 to 6 percent of the loan amount. Most of the other lenders do not charge any origination fee.
- Maximum Loan Amount is Low: You can only apply for a loan up to $40,000 with the LendingClub, which is quite lower as compared with the other competitors.
- Funding Speed is Slower: Sometimes they take a couple of days to get the funds. But other competitors offer the funds the next day.
Fees and Penalties of LendingClub Personal Loan
LendingClub connects borrowers with investors and charges an origination fee of 3% to 6% for the service. They will take the fee out of the loan proceeds upfront. For example, if you borrow $10,000 with the 3.5% origination fee, then you will get $9.650. You should remember that you will be making payments on the entire $10,000. You should factor in the origination fee when calculating the total amount, you are looking to borrow.
LendingClub does not charge any prepayment penalty fee but surely charges the late payment fee.
Apply for LendingClub Personal Loan at myinstantoffer.com
If you have received the My Instant Offer Code, then you should consider applying for the Lending Club Personal Loan. You can easily apply for a personal loan at myinstantoffer.com. For your convenience, you can follow this step-by-step procedure to apply for the personal loan:
- Firstly, you have to visit this link myinstantoffer.com.
- By clicking on the above-mentioned link, you will be redirected to the My Instant Offer page.
- There, you have to enter your RSVP Code on the given field and click on Check Your Rate option.
- Then, simply follow the on-screen guideline to apply for the LendingClub Personal Loan.
How Much Time it Will Take to Receive the Funds
Lending Club will take around 24 hours to decide on the most personal loans. If you get approved for the personal loan, then you will get the funds within 48 hours. However, make sure that you have to fill out your application correctly and completely and responded to any questions from the lender. There you will get the option to choose how to receive the loan funds from the Lending Club.
How to Make the Loan Repayment for Lending Club Personal Loan
The loan repayment is due one month after your loan is issued and the funds are sent to your account. You can easily pay for your loan, you can set up automatic payments, or pay by check, phone, or using wire transfer.
Pay LendingClub Personal Loan Payment Online
You can easily make the repayment for your LendingClub Personal Loan, through the Lending Club Personal Loan Login portal. You have to follow the instructions below to make the loan repayment:
- You have to visit this link lendingclub.com.
- Then, from the top right-hand corner of the home page, select the Sign In option.
- From the given options, you have to select the Loan Account option.
- Then, enter your registered email address and password in the given space.
- After entering your login credentials, click on the Sign In option.
- Once you logged in to your loan account, you can easily pay for your personal loan.
Make the repayment for your LendingClub Personal Loan by Check
While applying for the LendingClub Personal Loan, you can set up the pay-by-check option or you can set this up later by contacting them. After you set up pay by check, you can send your payment stub by courier or postal mail. Make sure that the payment stub is payable to LendingClub Corporation, and make sure to write your name and full loan number on the memo line of your check. These are the mail address, where you have to send your personal check:
Repay your LendingClub Personal Loan by Postal Mail
LendingClub Corporation
P.O. Box 884268
Los Angeles, CA 90088-4268
Courier-Mail:
Lockbox Services – #0134268
LendingClub Corporation
3440 Flair Dr.
El Monte, CA 91731
Pay LendingClub Personal Loan by Phone
You can also make the loan repayment over the phone. To make the payment for your LendingClub Personal Loan, you have to call 844-227-5011. Make sure to have your bank account details ready while calling on this number.
LendingClub Contact Info
If you have any queries about the LendingClub Personal Loan, then you can contact the customer service department for help. To reach out to the customer service department you can use the following details:
Call At: 888-596-3157
Service Hours: Monday – Friday: 5 am – 5 pm PT and Saturday: 8 am – 5 pm PT.
FAQs about LendingClub Personal Loan
How much can I borrow with LendingClub Personal Loan:
LendingClub Bank offers loans up to $40,000. For your specific offer, they will receive your information in your application and credit report to determine an account they think will be affordable for you. It will help you to keep your payments manageable and set up for successful repayment.
How can I use my loan?
There are a number of things where you can use your loan funds. LendingClub members use the loan funds for things like:
- Funding special events, such as a wedding or other celebration
- Making major purchases
- Handling unexpected repairs or medical expenses
Personal loans are a great way to pay down your high-interest accounts or consolidate your debts.
Does a loan from LendingClub hurt your credit?
While applying for a personal loan at LendingClub, they perform a soft credit check, which won’t affect your credit rating.
Conclusion
So, this is all about the Apply Lending Club Personal Loan at My Instant Offer. Through this article, we have tried to provide all the important details that you must know about the LendingClub Personal Loan. If you have followed the step-by-step procedure carefully, then there should not have any problem. We hope this article is informative for you.
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