Lending Club
Lending Club is the online credit marketplace, facilitating business loans, personal loans, and financing for elective medical procedures. Through Lending Club, borrowers can access to lower interest rate loans through the online or mobile interface and investors can get attractive returns. Whether it is a personal loan or business loan, borrowers can get instant quotes in minutes. They aimed at transforming the banking system into highly transparent and efficient marketplace, assisting people to achieve their financial goals every day.
Top Lending Club Alternatives
- Credible
- PROSPER
- SoFi
- Avant
- Mintos
- Driva
- Earnest
- UpStart
- Zopa
- Funding Circle
- OnDeck
- Fundbox
- Iwoca
- Fundation
- SpringLeaf
Top Lending Club Alternatives and Overview
Credible
Credible is the multi-place market lender that allows borrowers to receive competitive loan offers from its vetted partners.
PROSPER
Prosper is a marketplace that provides person-to-person lending utilizing a listing and bidding process to get competitive rates for loans.
SoFi
Sofi is a modern finance company that offers low rates for student loan refinancing, mortgages, and personal loans.
Avant
Avant is a platform that offers access to personal loans at competitive interest rates with a quick and transparent process that is entirely online.
Mintos
Mintos is a peer-to-peer lending marketplace that connects investors with borrowers of various loan originators.
Driva
With the hundreds or even thousands of lenders you can find today, it might get harder for you to pick the one that can provide the best rates for your vehicle loan.
Earnest
In order to give credit, they evaluate a person’s full education, employment, and financial...
UpStart
The platform offers lower interest rates, no prepayment penalty, quick and easy, and secure...
Zopa
They offer borrowers competitive low rate loans by matching them to our lenders who get...
Funding Circle
It aims to help businesses struggling to access mainstream sources of finance while providing individual...
OnDeck
The platform uses data aggregation and electronic payment technology to analyze the financial health of...
Fundbox
For example, if you have outstanding invoices, it will advance 100% of your payment...
Iwoca
That includes restaurants, hotels, retailers, service providers, and mor1e...
Fundation
Their technology streamlines the small business loan application process by collecting third party data...
SpringLeaf
It offers secured and unsecured personal loans...
Lending Club Review and Overview
If you are desperately in need of a loan and do not know where to go to seek help, Lending Club could be the perfect place for you. Lending Club helps you to create or avail for unsecured personal loans between $1,000 and $40,000, with a standard loan period of three years.
Though there have been many arguments put forward to question the authenticity of this platform, a large group of customers still have their faith in Lending Club. The company stays true to its customers, by offering great security and an honest environment for customers.
Are you Eligible for a Loan?
There are certain criteria that you have to meet in order to be able to avail of a loan from the Lending Club. It is necessary that you should have been there in the business field for 12 months or more. You should also own at least 20% of the business. Another important factor is how well you do in annual sales. In order to avail of the loan, your business should collect at the least $50,000 in the annual sales. A person with recent bankruptcies and tax problems will not be taken into consideration.
How to avail for a Loan?
It is necessary that you fit the criteria that have been requested by the platform before you proceed in applying for a loan. After making sure that you fit the criteria put forward by Lending Club, you can avail of the loan and it can be done in three easy steps. The first step is to apply for the loan, and for this, you have to answer simple questions about your business, etc before you proceed. The second step is selection, which is followed by the third step, grow.
Company Information
Company Name: LendingClub Corporation
Company Address: 71 Stevenson Street, Suite 300, San Francisco, CA, USA
Founded in: 2006