At a Glance
Rates & Fees
Key Features
Soft-pull pre-qualification doesn't affect your credit score
Underwriting model considers factors beyond a traditional credit score
Funded through partner banks including FinWise Bank and Coastal Community Bank
Borrowers can change their payment due date after closing
Pros & Cons
Pros
- Accessible to fair-credit borrowers (640+)
- Fast, often next-business-day funding
- Small loans starting at $1,000
- Flexible payment-date changes after the loan closes
Tradeoffs
- Origination fee up to 10% can significantly reduce net proceeds
- Smaller max loan ($36,500) than many competitors
- No joint, co-signed, or secured loan options
- Not available to residents of West Virginia or Nevada
How to Apply
Check your rate with LendingPoint — 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 LendingPoint'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 next business day) before signing.
How It Compares
Current product highlighted| Product | APR Range | Loan Amount | Origination Fee |
|---|---|---|---|
| LendingPoint Personal Loan | 7.99%–35.99% | $1,000–$36,500 | Up to 10% |
| 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) |
| LendingClub Personal Loan | 5.96%–35.96% | $1,000–$75,000 | 0–8% |
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.