LendingPoint Personal Loan Review
pros and cons
Before applying for a
requirements
Aside from being at least 18 years old, you’ll need to meet the following criteria in order to receive a
How to get a personal loan with
The
How compares to other personal loan companies
Even if you believe
| LendingTree’s rating | 2.5/5 | 3/5 | 3.4/5 |
| Minimum credit score | |||
| APRs | |||
| Loan amounts | |||
| Repayment terms | months | months | months |
| Origination fee | |||
| Funding timeline | Receive funds as soon as one business day | Receive funds as soon as one business day | Receive funds as soon as one day |
| Bottom line | With low credit requirements and a quick funding timeline, LendingPoint is a good option for borrowers whose credit profiles are less than perfect. | Avant may have higher starting APR than LendingPoint, but it also has a much lower minimum credit score as well as quick funding to match. This lender may be best for small loans. | LendingClub‘s loan terms are similar to LendingPoint’s, but LendingClub offers loans to borrowers with lower credit scores. That said, LendingPoint offers longer repayment terms and lower starting rates for borrowers with excellent credit. |
How we rated
We evaluate personal loan lenders on more than just interest rates. Our goal is to show how accessible, affordable, transparent and supportive each lender really is.
Our categories
Every lender is scored out of 5 stars, with 5 stars being the highest rating. LendingTree loan experts determine this score using dozens of underlying data points across four weighted categories covering the full borrowing journey.
We assess how easy it is for people to qualify and apply. This includes state availability, soft-credit prequalification, membership requirements, funding speed and whether borrowers with less-than-excellent credit can get a loan.
We evaluate how affordable the loans are based on minimum and maximum APRs, loan fees and rate discounts. Lenders with unclear or potentially predatory costs receive lower scores.
We consider repayment term flexibility, loan amount ranges and whether options like secured loans, joint loans or direct-to-creditor payments are offered — plus whether the lender clearly communicates these options.
We evaluate borrower experience after funding: customer service access, hardship or forbearance programs, payment flexibility and digital tools like mobile apps or credit monitoring.
Our process
We gather data directly from lenders through their websites, disclosures and direct communication with company representatives. Our editorial team verifies and updates information regularly. We value transparency and award less favorable scores when lenders obscure or omit details.
In some cases, our editors may apply a small adjustment (no more than 4% of the overall score) to account for factors not captured by the methodology. This could include J.D. Power customer satisfaction surveys, recent regulatory actions or features that stand out in ways our rubric doesn’t measure directly.
Our editorial team applies the same scoring model and standards to every lender. Lenders cannot pay to influence our ratings.Fr
Frequently asked questions
Yes — LendingPoint is a legitimate lender that offers loans ranging from $1,000 to $50,000 with APRs ranging from 7.99% to 35.99%. LendingPoint gets 4.9 out of 5 stars from LendingTree users, who recommend LendingPoint 99% of the time. You can read LendingPoint personal loan reviews from real LendingTree customers.
Finding out whether you prequalify for a LendingPoint personal loan may take only a few minutes. However, LendingPoint does not specify how long it takes to receive official approval for a loan. With many lenders, this process can take a few days. Once you receive your loan agreement, however, it takes as little as one business day to receive your loan funds.
LendingPoint may be a viable option for those looking for bad credit loans as this lender has a minimum credit requirement of 660. Unfortunately, this lender does not offer joint applications, which could make it easier for some poor-credit borrowers to qualify for a loan.
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