Also known as: LendingClub; LendingClub Personal Loans; LendingClub Joint Loans
LendingClub is an online lender and bank that offers personal loans for a variety of purposes including debt consolidation, major purchases, and home improvement. The company started as one of the original peer-to-peer lending platforms, connecting individual investors with borrowers, and has since evolved into a full-service bank. Today it operates as LendingClub Bank, a federally chartered bank.
LendingClub personal loans are unsecured, meaning no collateral is required. The loan application process is completed online, and the company offers pre-qualification with a soft credit check that does not affect your credit score, allowing you to see estimated terms before you commit. A hard credit pull occurs when you submit a full application.
LendingClub does charge an origination fee, which is deducted from the loan proceeds. This means if you borrow a certain amount, the actual funds deposited into your account will be slightly less after the fee is taken out. Factor this into your calculations when deciding how much to borrow.
Lending criteria and rates depend on credit score, income, debt-to-income ratio, and other factors. LendingClub also allows joint loan applications, where a second applicant can be added to strengthen the application and potentially improve terms.
Debt consolidation is a common use of LendingClub loans. Combining multiple high-interest debts into a single fixed monthly payment can simplify repayment and potentially reduce the total interest paid, but only if the new loan rate is lower than what you were paying before. Run the full numbers before consolidating.
LendingClub Bank is FDIC-insured. Compare offers from multiple lenders before accepting any personal loan.
Quick info
Personal Loans
LendingClub; LendingClub Personal Loans; LendingClub Joint Loans
LendingClub Corporation
FDIC-insured.
2026-06-06
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Personal loans; joint loans; debt consolidation loans
Additional notes
Origination fees apply. Applicants should compare the total cost of borrowing. Joint loans allow a co-borrower to apply.Review scores are third-party public indicators only. They are not a recommendation or endorsement by Ask Fin and are not a measure of product suitability for your circumstances.
No review data available for this company.
Source URLs
Date checked
2026-06-06
How do I make a complaint about LendingClub Bank?
Start with LendingClub Bank's internal complaints process. If unresolved, you can submit a complaint to the CFPB at consumerfinance.gov/complaint. Depending on the type of company, your state attorney general or banking regulator may also be relevant.
Is LendingClub Bank regulated in the US?
Use the NMLS Consumer Access tool at nmlsconsumeraccess.org to check licensing. For banks, check the FDIC BankFind Suite. For credit unions, check the NCUA Credit Union Locator. Ask Fin includes regulatory reference numbers where publicly available.
How do I find LendingClub Bank's official contact details?
Always use the contact details on the company's official website. Do not use numbers or emails received in unsolicited calls or messages. Verify the website by checking the NMLS or FDIC/NCUA databases if in doubt.
What should I do if I think LendingClub Bank has treated me unfairly?
Document everything in writing. Contact the company's complaints team first. If not resolved, submit a complaint to the CFPB or your state attorney general. The NFCC (1-800-388-2227) can provide free guidance for debt-related issues.
Where can I get free help with a LendingClub Bank issue?
Contact the CFPB (consumerfinance.gov), call 211 for local resources, or contact the NFCC (nfcc.org or 1-800-388-2227) for debt and budget help. For legal issues, Legal Services Corporation (lsc.gov) provides free legal aid.
Ask Fin gives you simple money tools for budgeting, spotting savings and building better money habits. General guidance only — not regulated financial advice.
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