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Lending Club Overview
Lending Club is a peer-to-peer loan lending company that acts as a broker between the borrower and investor. So basically it is a marketplace for both the borrower and lender. The lending club offers many loan services like business loans, personal loans, medical loans, auto loans, etc.
The loan which is reviewed in this article is the personal loan which ranges from $1,000 to $40,000. This personal loan comes with a decent APR of 7.04% to 35.89% with a limited repayment term of only two options which are 36 months and 60 months.
Also read: Best Instant Approval Payday Loans with Bad Credit | Moneymutual Payday Loan Review
Pros
- Loan amount starting from $1,000 – $40,000
- LendingClub Offers a prequlificatiion application to get an idea of potential loan rate.
- LendingClub Allows for Co-borrowers
- Lending Club requires Fairly low credit score needed: 600.{alertSuccess}
Cons
- Lending Club do Charges a originaiton fees.
- It offers only two repayment options as 36 months and 60 months. {alertError}