LendingClub Reviews

My experience with Lending Club was nice and the process was easy. I love how they send a reminder a week before the payment is due. They will make sure that the funds are there. You also couldn't beat the APR for what I got. The rep who helped me was very nice. The lady called me to let me know that the loan was approved and what account it would go to. Once they paid off the card that I needed to pay off, the difference would go into my bank account. She explained everything to me.

After looking at all the different options, LendingClub wound up being the best because of no fees. I took a debt consolidation. The application process was super simple. They didn't ask too much about income. They did a credit check. The credit minimum was somewhere in the 600s. It wasn't anything crazy. It was a really easy and good starter loan. Also, I was approved within 24 hours. It was really quick. I didn't have to wait at all. Working with LendingClub was good because I really needed it and it's helped ease a burden that was on me and it's really simple. I have autopay on, so I don't even have to think about it.

I did a conventional loan through the internet, and the process with LendingClub was a lot easier. There was another company that didn’t have the fee at all, but their process of applying for a loan was way too lengthy. There were too many questions, and I didn't have too much time for that at the moment. If I had the time, I would have gone with them to avoid paying the fee. The process with LendingClub took a little longer than 24 hours, but they were all right, and if I had to do it all over again, I’ll give them a second chance. I have two loans and I would have to call them to find out if I could just put them together instead of having separate. Other than that, I'm satisfied so far.

Trying to find a personal loan to help me consolidate my cc debt was extremely frustrating and stress inducing. So many preapproval messages getting you excited to get out of this hole but once you start the process that 10% apr preapproval for 13k turns out to be 28% for 4500…It felt like I was just going to have to let my credit get destroyed and just ride out having maxed out cards. Then comes LendingClub. Their preapproval process was legit, the rates were what they initially stated and the whole thing from start to finish was incredibly simple. The money was sent to my cc accounts in less than a week.

LendingClub approved me and their interest rate and everything else worked way better for me. The application process was simple and easy. It took me more than 5 to 10 minutes, just because I had to look for some information. Everything was done online and the LendingClub website was easy to use. They didn't give me an issue and they didn't have me restart anything. I filled out the application and in a couple of seconds, I was approved. That worked out pretty well. The rates I got worked for me as well and it wasn't too high. This is my first time doing a personal loan and I had a good experience. LendingClub helped me, even though I didn't think I would be approved.

I got a consolidated loan from LendingClub. When I applied on the phone, it showed me that I was gonna pay a certain percentage for my loan, and then when I got all the paperwork and it was approved, and I signed it, I wasn't really happy with what I saw as far as the interest rate and how much percentage I was paying back. That was deception right there when it showed me one number before I got approved, and then when it came back and gave me my contract, that percentage was almost 7% difference. Over a three-year period, it would add about another 1,800 to my loan amount, which is what it did. I didn't think I was gonna pay almost a quarter of what I borrowed. That's called loan-sharking. They're helping people out, but do they really need to get money off of people who are already suffering out here?

I happened to be a customer of the bank for a few years. Eventually, I moved most of my funds out the bank due to lower interest rates. Lately, I've noticed that the bank has competitive CD interest rates and decided to open a 1yr CD. Strangely, you cannot open an additional account from your online dashboard and should apply as a new customer, regardless of your existing accounts (I have checking & savings accounts active). I set up substantial amount of money as ACH transfer from my other external account. In a few days of silence I contacted LendingClub bank to inquiry and learnt that my new account still under review. I asked the rep do not transfer my funds over weekend: each calendar day I'll lose $30+ in interest, including weekends.

We made a double payment on our account by mistake. It took me calling 4 times throughout the day to get a manager. When I finally spoke to a manager, I was denied my refund because I “authorized it”. Even though it was a mistake, it is Oct 4, the payment was not due until the 21st. So I overpaid my account and was denied my refund. It was the worst service I’ve experienced in a long time and we’ve been recurrent customers since 2016!! Absolutely absurd, I even explained I’m now negative in my account and can’t afford to pay my electric bill or buy food.

LendingClub's process was pretty quick. I got the approval within a day or two, maybe less, and they approved me of whatever I was looking at. They had the best rates, too. The funding took a couple of days but it was straightforward and simple. The debt consolidation loan I got thru them has helped me do what I was trying to do.

LendingClub was easy to deal with. I did a personal loan with them and the application process was fairly simple. I did everything online and their website was very easy to navigate. The rates were good and fair. There was an initial rate that they had provided and when everything was finalized, it went to another rate. It wasn't much difference but it was different.