LendingClub is designed to help you understand a borrowing decision before you enter a provider’s application flow.
1. Start with the amount and the reason
Use the amount that solves the expense—not the highest amount displayed. For personal borrowing, compare the requested amount with any fee that could reduce cash proceeds. For short-term borrowing, start with the full amount due on the repayment date.
2. Model the repayment
Use the site’s calculators to compare monthly payment, total repayment, interest, fees or a short-term dollar charge. Calculator entries are planning assumptions, not offers or approvals.
3. Check state and provider details
A state rule does not prove a particular provider is available. Verify the legal provider name, license where applicable, state coverage and the exact product terms.
4. Read the actual offer as a complete set of terms
Look at APR, interest rate, fees, cash proceeds, term, payment dates, automatic-payment authorization, credit-inquiry language and funding timing together.
5. Continue only on the provider’s flow
Any credit application, underwriting decision, agreement, funding and servicing happen with the third-party provider. LendingClub does not create a loan account or accept loan payments.
Keep the stages separate
Request submission, verification, decision, agreement acceptance, provider release and bank posting can happen at different times. A “fast” label should never be treated as a guaranteed funding time.
Start with an outcome you can use
Calculate the payment, compare usable cash after fees and test the debit date against your income. These tools work without an application.
Build a comparisonPartner loan request form
The loan request page loads a third-party loan request form. The form provider may receive connection information when the form loads. Any information you enter or submit is handled by the parties identified in the form’s disclosures and consent language. Read those notices before sharing personal or financial information.
LendingClub does not use this form to make credit decisions. Values entered in our separate planning calculators stay in your browser.
Further checks for this decision
Identify whether an online application belongs to a lender or an intermediary, who receives personal information and which provider handles any offer.1
An installment loan may involve origination and other fees. Inspect each charge and whether it is included in the disclosed borrowing cost.2
A promise of guaranteed credit in exchange for an upfront payment is a warning sign. Verify the provider and distinguish a disclosed loan charge from a payment demanded to guarantee approval.3
Use the state financial agency directory as a starting point, then confirm which regulator and record cover the particular provider and product.4