LendingPoint Reviews

LendingPoint Reviews

Our promise. We provide a buying advantage with verified reviews and unbiased editorial research.

About LendingPoint

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

LendingPoint is an online lender that offers personal loans of up to $25,000. LendingPoint has an instant approval process and next-day deposits, making it ideal for customers in need of an emergency loan with a short payment term.

Pros & Cons

  • Flexible terms
  • Instant approval
  • Loans up to $25,000
  • Next-day deposits
  • Higher interest rates
  • Not ideal for low credit scores
  • Shorter payment terms

What is LendingPoint?

LendingPoint provides personal loans and other financing options. Its lending operating system, SDKn, helps individuals and small businesses receive quick access to loan options. LendingPoint partners with more than 3,000 small business and e-commerce companies.

How does LendingPoint work?

Customers can apply for a personal loan of up to $25,000 on LendingPoint’s website. To begin, customers will need:

  • Proof of employment and income
  • A voided check
  • Most recent bank statements
  • Current driver’s license or government-issued ID

After submitting an application, LendingPoint’s algorithm will determine if an individual is approved for a loan. Once the proof of documentation is verified, customers can choose to receive their funds as soon as the next business day.

LendingPoint rates

You can request a personal loan ranging from $2,000 to $25,000. Interest rates range from 9.99% to 34.99%, depending on your credit score. While seeking a personal loan with LendingPoint will not affect your credit score, you must have a score of at least 585 to be approved. You can select payment terms of up to 48 months, and LendingPoint does not have a prepayment penalty.

LendingPoint FAQ

Is LendingPoint a direct lender?

Yes, LendingPoint is a direct lender that can deliver next-day deposits.

Does LendingPoint report to credit bureaus?

Yes, LendingPoint reports loan activity to one or more credit bureaus. It also uses the FICO 9 credit scoring model.

Are Lending Club and LendingPoint the same?

No, Lending Club and LendingPoint are separate lending companies.

Is LendingPoint legit?

Yes, LendingPoint is a legitimate company. Its leadership team includes financial professionals with decades of combined experience in the industry. LendingPoint’s technology provides customers with access to a variety of personal loan options that can be used for debt consolidation, home repairs, bill payments and other personal uses.

» MORE: Is LendingPoint legit?

  • Recent
  • Oldest
  • Most helpful

ConsumerAffairs has collected 105 ratings and 0 reviews. Be the first to leave a review!

Select stars to rate your experience
Very dissatisfied with the experienceDissatisfied with the experienceSatisfied with the experienceHappy with the experienceWould recommend to a friend

A link has directed you to this review. Its location on this page may change next time you visit.

Loading more reviews...

LendingPoint Company Information

Company Name: