Get $36,500 Personal Loan | Lending Point Personal Loans Review 2022

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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


  • 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}

  • Lending Point do Charges a originaiton fees.
  • High APR than Average ( 9.99% to 35.99% ). {alertError}

Lending Point Personal Loans 

The lending point offers fix rate personal loans ranging from $2,000 to $36,500. It offers an APR of 9.99% to 35.99% with a repayment option from 24 to 60 months. The lending point offers loans in 48 States. The states which are not applicable to apply for this personal loan are Nevada and West Virginia. 

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 | 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 

There are some basic requirements you should fulfill before taking a bad credit loan. Here is the list :
  1. You should be at least 18 years old
  2. You must a valid ID Proof or social Security number
  3. You must be a United States citizen or a permanent resident
  4. You Should have a post-tax  income of more than $1,000 
  5. You must have a valid active us bank checking account
  6. 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

At Lending Point, you can repay the loan between 24 to 60 months which means 2 years to 5 years. LendingPoint offers no pre-payment penalty

Example of the Lending Point loan

For example,  If you get a three-year, $15,000 loan with an APR of 20.5% would have a monthly payment of $561. You’d pay $5,196 in total interest on that loan.

How to apply for Lending Point

LendingPoint allows you to be pre-qualify for its Personal Loans by filling your personal information in their application form then they will do a soft credit check on your credit report which will not impact your credit score at all.
Once you have pre-qualified then you can review the loan options and terms and then decide whether you want to take this loan or not.
If you are willing to apply for a lending point personal loan then you can apply here.
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Complete an application

After you go to LendingPoint’s website you will prompt with an application form, you have to fill that application with your personal formation like your employer details and income. Before giving finalizing your loan, it will ask you to consent to a hard credit check which will likely cause a small temporary dip in your credit score.

Receive a division 

After you complete the application and submit it, you will likely receive a mail or a decision within seconds. If you accept the loan terms and sign the agreement then the loan amount which you asked for will be credited to your bank account in as little as one business day.
It will be a suggestion that please read all the documents and terms and conditions before you sign the agreement for the loan.
LendingPoint’s personal loans can be used for medical expenses, home improvements, travel emergency repairs, debt consolidation, or wedding expenses loans may be issued by third-party partner life Finwise Bank. 
Although this loan is good for people who have a bad credit score and need an emergency loan LendingPoint has originated over 3 billion in personal loans through its platform