Lending Club Member Login, Phone Number Verification and Loan Review
Lending Club Login – loan review – office location: Lending Club is a financial company that offers borrowers and investment solutions. It is a marketplace lending platform. The company was established in the year 2007 and offers innovative solutions to individual and small businesses. Here we will discuss on Lending Club phone number verification. The company has earned many rewards for its services. It is the largest provider of personal loans in the United States. Lendingclub.com has helped over 2 million borrowers with funding of over $26 billion.
The company offers personal loans, business loans, auto refinancing, education loan and patient solutions. It offers investment and retirement plans to individuals and provides options to the financial institutions. LendingClub provides instant loan and facilitates funding by WebBank. The loans from WebBank are purchased through capital of marketplace investors.
Personal Loans from LendingClub
You can access Lending Club login to manage your personal loan account online. They follow peer-to-peer model or marketplace for lending. It provides loans to borrowers from investors who want to fund it. In order to qualify for the loan, you need a good credit score; the minimum score required is 600 for minimum 3 years. An individual having an annual income of $76,135 can borrow from LendingClub. It also requires that your debt-to-income ratio is below 40%. It takes about a week for the company to process your application and match borrowers and investors.
LendingClub provides personal loan of amount in the range $1,000 – $40,000. The company assigns a grade to the borrowers based on credit and income. The grade also determines the interest rate that will apply to the loan you receive. Origination fee charged is in between 1%-6%. And APR in the range 5.99% – 35.89% applies. The loan is provided for 3 to 5 years. You can get more help on Lending Club phone number verification and loan review.
How to Apply for LendingClub Loan
You can apply for the personal loan online at www.lendingclub.com. It doesn’t charge any application fee which is taken from the proceeds of your loan. The origination fee is charged based on the grade assigned to you.
Payback LendingClub Loan
Payment for the loan starts from the following month. You can set up automatic payment from your bank account. You can also send your payment through check but $7 processing fee applies for paying through check. You can pay larger amount or make full payment without paying any penalties. If your check bounces or any other error occurs while making your payment, penalty fee is charged.
LendingClub provides very good return for investors and provides lower rate to borrowers in comparison to traditional banks.
More Related Queries:
- Lending club loan login/ location/ phone number verification/ customer reviews