At a Glance
Rates & Fees
Key Features
Joint loan option — apply with a co-borrower to qualify for better rates
Direct creditor pay for debt consolidation
LendingClub's personal-loan business now operates under the "Happen" brand (happen.com)
Pros & Cons
Pros
- Joint applications accepted
- Direct creditor payoff available
- Accessible to 600+ credit scores
Tradeoffs
- Origination fee on some loans
- Higher APRs for fair credit
- Brand recently transitioned to "Happen" — expect that name during application
How to Apply
Check your rate with LendingClub — most personal loan lenders let you pre-qualify with a soft credit check that doesn't affect your credit score.
Compare the estimated APR, term, and monthly payment against at least one other lender before committing.
Gather proof of income, identification, and bank account details for the formal application.
Submit the full application directly on LendingClub's site; approval typically requires a hard credit inquiry.
If approved, review the final loan agreement for the origination fee and funding time (as soon as 1 business day) before signing.
How It Compares
Current product highlighted| Product | APR Range | Loan Amount | Origination Fee |
|---|---|---|---|
| LendingClub Personal Loan | 5.96%–35.96% | $1,000–$75,000 | 0–8% |
| LightStream Personal Loan | 7.24%–24.89% | $5,000–$100,000 | None |
| SoFi Personal Loan | 6.99%–35.49% | $5,000–$100,000 | None (optional fee for lower rate) |
| Upgrade Personal Loan | 7.74%–35.99% | $1,000–$50,000 | 1.85–9.99% |
Rates and terms shown are illustrative as of 2026 and vary based on creditworthiness, income, and loan amount — always confirm current terms directly with the lender.