LendingClub – Personal Loan
LendingClub is one of America's largest personal lenders, offering loans up to $40,000 with joint application options and direct creditor payments.
Applying does not obligate you to accept a loan offer.
LendingClub Personal Loan – 2026 Review
LendingClub is one of the oldest and largest US online lenders. After acquiring Radius Bank, LendingClub now originates loans directly as a federally chartered bank. Loans range from $1,000 to $40,000 with terms of 2 to 5 years.
Joint Applications
LendingClub stands out by accepting joint applications — useful for couples or applicants with limited credit. LendingClub also offers direct creditor payments when consolidating debt.
✓ Pros
- Joint application option
- Direct creditor payments
- Long lending history
- FDIC-insured originator
✗ Cons
- Origination fee 3%-8%
- Maximum loan $40,000
- Funding can take up to 4 days
Loan Example
Example: $15,000 loan for 60 months at 13.99% APR with 5% origination fee = monthly payment of $348.99, total payable $20,939.40.
Eligibility Requirements
- ✓ Age 18+ years
- ✓ US citizen, permanent resident, or visa holder
- ✓ Verifiable bank account
- ✓ Credit score 600+
- ✓ Debt-to-income ratio below 40%
Loan Features
- Joint applications accepted
- Direct creditor payments
- Loans up to $40,000
- Pre-qualification with soft pull
- FDIC-insured bank
Frequently Asked Questions
4 business days avg. after submitting your application.
The minimum amount at LendingClub is $1,000 USD.