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Lending Point Overview
Lending Point is a Personal loan and business financing company based in Atlanta. With its personal loan option, you can borrow or take a loan of $2,000 to $36,500. Lending Point also offers loans for people who have a bad credit score or fair credit score.
So in this article, we are going to review the Lending point personal loan which offers loan amounts between $2000 to $36500 with a bad credit score.
You can use this loan for any legal purpose like medical expenses, home improvements, travel emergency repairs, debt consolidation, or wedding expenses To get a LendingPoint personal loan you should have a credit score of at least 580 as well as an annual income of $25,000.
Also read: Best Instant Approval Payday Loans with Bad Credit | Moneymutual Payday Loan Review
Pros
- Loan amount starting from $2,000 – $36,500.
- LendingPoint’s credit score requirement is less than other loan lending companies.
- LendingPoint offers no pre-payment penalty
- At Lending Point you’ll get fast decisions and quick disbursment.{alertSuccess}
Cons
- Lending Point do Charges a originaiton fees.
- High APR than Average ( 9.99% to 35.99% ). {alertError}
Lending Point Personal Loans
Annual Interest Rate (APR) and Fees
The APR (annual percentage rate) will be within the range of 9.99% to 35.99%. The APR for this lending Point personal loan is quite high compared to other personal loan providers in the market. You can check out these low APR personal loans.
- Money Mutual Loans
- Prosper Personal laons
- Best egg personal loans
Also read: Best No Credit Check Payday Loans Guaranteed Approval | Zippyloan.com Review
Minimum Credit Score Required
The minimum credit score requirement is 580. You can even apply for the loan if you have a lower than 580 credit score, if you have a higher annual income of more than $30,000 then you can apply for this loan if you have bad c
You can apply even if you have a bankruptcy on your credit report, as long as it was discharged at least 12 months ago. But then you may get a loan amount but there will be a higher APR rate. So in an emergency, you can opt for lending point personal loans.
Also read: Prosper Personal Loan Review 2021 | Prospar loans review
Offered Loan Amount
Lending Point can offer you a personal loan of up to $2,000 – $36,500. The loan amount you’ll get will entirely depend upon the credit score you have.
If you have a fair or good credit score then there are more chances that you’ll get the loan amount that you asked for and the loan amount will be credited to your bank account as soon as the next business day.
Eligibility Criteria
- You should be at least 18 years old
- You must a valid ID Proof or social Security number
- You must be a United States citizen or a permanent resident
- You Should have a post-tax income of more than $1,000
- You must have a valid active us bank checking account
- You have to provide a valid email address and a phone number
Required Documents
- Valid Identity Proof.
- Have to provide a DOB.
- Valid current mobile number and Email id.
- An active American bank account.
- A social security number
Repayments Terms
Example of the Lending Point loan
How to apply for Lending Point
Complete an application
Receive a division
Also read: Best Bad Credit Personal Loans Guaranteed Approval No Credit Check Direct Lender