7 sites like LendingClub with lower rates & fees | finder.com

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6 sites like LendingClub

Need a personal loan but not sure LendingClub is the right fit? Browse these other options to find a lender that suits you.

LendingClub is one of the best-known peer-to-peer (P2P) platforms out there. But it might not be the best option for an online loan. Its starting APR of 10.68% is twice as high as you can find with lenders that fund the loan themselves — and higher than other P2P platforms. And it’s run into trouble with regulators in the past. If you’re not sold, consider these sites like LendingClub instead.

6 top sites like LendingClub

Prosper personal loans


3.42 / 5
★★★★★

Founded just after LendingClub, Prosper is a peer-to-peer platform that offers personal loans. Its interest rates and origination fees are slightly lower than what you'll find at LendingClub. But it could take a day longer to get your funds. It also doesn't offer loans under $2,000.

Pros
  • Lower starting APR than LendingClub
  • Accepts fair credit
  • Works with DTI as high as 50%
Cons
  • Turnaround as long as five business days
  • Higher starting origination fee than direct providers
Loan amount$2,000 – $40,000
APR7.95% to 35.99%
Interest Rate TypeFixed
Min. Credit Score640
Turnaround TimeUp to five business days
Maximum Loan Term5 years
Minimum Loan Term3 years

Peerform personal loans


3.2 / 5
★★★★★

Another P2P platform, Peerform offers loans to borrowers with fair credit at relatively low interest rates. Its origination fee is also low for a peer-to-peer platform at only 1% to 5%. But its range of loans is limited. You can only borrow between $4,000 and $25,000 through this site.

Pros
  • APRs from 5.99% to 29.99%
  • Minimum credit score of 600
  • Live chat on website
Cons
  • Limited range of loan amounts
  • Can take days to get your funds
Loan amount$4,000 – $25,000
APR5.99% to 29.99%
Interest Rate TypeFixed
Min. Credit Score600
Maximum Loan Term5 years
Minimum Loan Term3 years

Upstart personal loans


4.15 / 5
★★★★★

Upstart is a direct lender that got its start as peer-to-peer platform. Aside from offering lower interest rates than LendingClub, it also may be easier to qualify for if you've just started building your credit. This lender looks at your education and career in addition to your credit score. But its origination fees can be some of the highest out there.

Pros
  • Lower starting APR than LendingClub
  • Accepts 580 or 600 credit scores
  • Get funds in one to three days
Cons
  • Origination fee as high as 8%
  • APR is still higher than average
Loan amount$1,000 – $50,000
APR7.86% to 35.99%
Interest Rate TypeFixed
Min. Credit Score580 or 600 depending on state of residence
Turnaround Time1 to 3 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

SoFi personal loans


4.3 / 5
★★★★★

This direct lender also started as a P2P platform — and is now in the process of becoming a bank. It has absolutely no fees, not even late fees. And it offers a wide range of perks for borrowers, like free financial and career coaching. But skip this one if you struggled to meet LendingClub's requirements — it's even harder to qualify.

Pros
  • No fees
  • Member perks like career coaching
  • APRs from 5.99% to 20.69%
Cons
  • Requires 680 credit score or higher
  • No loans under $5,000
  • Can take 30 days to get your funds
Loan amount$5,000 – $100,000
APR5.99% to 18.85%
Interest Rate TypeFixed
Min. Credit Score680
Turnaround TimeUp to 30 days
Maximum Loan Term7 years
Minimum Loan Term2 years

Upgrade personal loans


3.98 / 5
★★★★★

Upgrade is an online direct lender that prioritizes your cash flow over your credit score. It offers slightly higher loans than LendingClub with a slightly lower starting interest rate — 6.94%. But its origination fees are higher than even some P2P lenders charge. And it can take as long as five days to get your funds.

Pros
  • Accepts 600 credit score
  • Loans up to $50,000
  • APR starts at 6.94%
Cons
  • Origination fee up to 8%
  • Up to five-day turnaround
  • Must have $1,000 left after monthly expenses
Loan amount$1,000 – $50,000
APR6.94% to 35.97%
Interest Rate TypeFixed
Min. Credit Score600
Turnaround Time1 to 4 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

Marcus by Goldman Sachs personal loans


3.8 / 5
★★★★★

Marcus is the online lending arm of Goldman Sachs Bank. While it specializes in debt consolidation, you can use the funds for any purpose. It has a low range of APRs compared to other online lenders and no fees. And after you've made on-time payments for a year, you can defer one without interest. But it can be hard to qualify if you're self-employed or have an open payday loan.

Pros
  • No fees
  • APR from 6.99% to 19.99%
  • On-time payment reward
Cons
  • Loans start at $3,500
  • Self-employed income and payday loans can disqualify you
Loan amount$3,500 – $40,000
APR6.99% to 19.99%
Interest Rate TypeFixed
Min. Credit ScoreGood to excellent credit
Maximum Loan Term6 years
Minimum Loan Term3 years

Compare more personal loans

Select your credit score range and state to see more lenders you might qualify with.

Data updated regularly
Name Product Filter Values APR Min. Credit Score Loan amount
Best Egg personal loans
5.99% to 29.99%
600
$2,000 – $50,000
A prime online lending platform with multiple repayment methods.
Upstart personal loans
7.86% to 35.99%
580 or 600 depending on state of residence
$1,000 – $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
LendingPoint personal loans
9.99% to 35.99%
585
$2,000 – $36,500
Get a personal loan with reasonable rates even if you have a fair credit score in the 600s.
Credible personal loans
2.49% to 35.99%
Fair to excellent credit
$1,000 – $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
PenFed Credit Union personal loans
6.49% to 17.99%
650
$600 – $35,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
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Compare up to 4 providers

How does LendingClub compare?

Pros

  • No prepayment penalties
  • Fixed rates
  • Simple application

Cons

  • Higher rates for poor credit borrowers
  • Unavailable to Iowa and West Virginia residents

See how other top providers compare to different lenders by checking out our A-to-Z directory.

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