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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.

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By

Anna Serio

Updated

Fact checked

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 APRs range from 6.34% to 35.89%, and its origination fee can be as high as 6%. And its track record isn't squeaky clean — LendingClub has run into trouble with regulators in the past. If you’re not sold, consider these sites like LendingClub instead.

6 top sites like LendingClub

Alternative for lower rates

Prosper personal loans


3.42 / 5
★★★★★

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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.

  • Not available in: Iowa, North Dakota, West Virginia
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 to $50,000
APR6.99% to 35.99%
Interest Rate TypeFixed
Min. credit score600
Turnaround TimeUp to five business days
Maximum Loan Term5 years
Minimum Loan Term3 years

Alternative for fair credit

OneMain Financial personal loans


3.4 / 5
★★★★★

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OneMain Financial may have higher fees than LendingClub, but it may be a good alternative if your credit score is getting in the way of your borrowing opportunities. OneMain Financial’s credit score requirement varies, while LendingClub requires a minimum credit score of 600. While it has more flexibility in credit score requirements, APRs are between 18% to 35.99%, and it has an origination fee up to 10%. If you can’t qualify for a loan elsewhere, OneMain Financial could be the solution, but check other lenders first because the fees and interest can be steep.

  • Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
Pros
  • Poor and fair credit considered
  • Same-day turnaround available
  • Coapplicants accepted
  • Can return funds within seven days
Cons
  • High APRs
  • High origination fee
Loan amount$1,500 to $20,000
APR18% to 35.99%
Interest Rate TypeFixed
Min. credit scoreVaries
Turnaround TimeAs soon as the same day
Maximum Loan Term5 years
Minimum Loan Term2 years

Alternative for new borrowers

Upstart personal loans


4.15 / 5
★★★★★

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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.

  • Not available in: West Virginia
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 10%
  • APR is still higher than average
Loan amount$1,000 to $50,000
APR5.40% to 35.99%
Interest Rate TypeFixed
Min. credit score300
Turnaround Time1 to 3 business days
Maximum Loan Term5 years
Minimum Loan Term3 years

Alternative for young professionals

SoFi personal loans


4.45 / 5
★★★★★

Read Review

This direct lender also started as a P2P platform — and is now in the process of becoming a bank. In addition to offering low-cost loans, it offers a wide range of perks for borrowers, like free financial advice and career coaching. But skip this one if you struggled to meet LendingClub's requirements — it's even harder to qualify.

  • Available in all states
Pros
  • Member perks like career coaching
  • APRs from 8.99% to 23.43%
Cons
  • Requires 680 credit score or higher
  • No loans under $5,000
  • Can take 30 days to get your funds
Loan amount$5,000 to $100,000
APR8.99% to 23.43%
Interest Rate TypeFixed
Min. credit score680
Turnaround TimeAs soon as the same day
Maximum Loan Term7 years
Minimum Loan Term2 years

Alternative if you need a large loan

Upgrade personal loans


4 / 5
★★★★★

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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 — 8.24%. 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.

  • Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia
Pros
  • Accepts 620 credit score
  • Loans up to $50,000
  • APR starts at 8.24%
Cons
  • Origination fee up to 8.99%
  • Up to five-day turnaround
  • Must have $1,000 left after monthly expenses
Loan amount$1,000 to $50,000
APR8.24% to 35.97%
Interest Rate TypeFixed
Min. credit score620
Turnaround Time1 to 4 business days
Maximum Loan Term7 years
Minimum Loan Term2 years

Alternative if you prefer banks

Marcus by Goldman Sachs personal loans


3.8 / 5
★★★★★

Read Review

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.

  • Available in all states
Pros
  • No fees
  • APR from 6.99% to 24.99%
  • On-time payment reward
Cons
  • Loans start at $3,500
  • Self-employed income and payday loans can disqualify you
Loan amount$3,500 to $40,000
APR6.99% to 24.99%
Interest Rate TypeFixed
Min. credit score720+ FICO
Turnaround TimeAs few as 3 business day(s)
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.

1 – 6 of 6
Updated regularly
Name Product Filter Values APR Min. credit score Loan amount
Upstart personal loans
Finder Rating: 4.15 / 5: ★★★★★
Upstart personal loans
5.40% to 35.99%
300
$1,000 to $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.
Go to site
More Info
Best Egg personal loans
Finder Rating: 3.8 / 5: ★★★★★
Best Egg personal loans
8.99% to 35.99%
600
$2,000 to $50,000
A prime online lending platform with multiple repayment methods.
Go to site
More Info
OneMain Financial personal loans
Finder Rating: 3.4 / 5: ★★★★★
OneMain Financial personal loans
18% to 35.99%
Varies
$1,500 to $20,000
An established online and in-store lender with quick turnaround times. Poor credit is OK.
Go to site
More Info
Bankrate
Finder Rating: 4.3 / 5: ★★★★★
Bankrate
4.98% to 35.99%
Poor to excellent credit
$1,500 to $100,000
Get prequalified loan offers in 2 minutes or less. Will not affect your credit score.
Go to site
Upgrade personal loans
Finder Rating: 4 / 5: ★★★★★
Upgrade personal loans
8.24% to 35.97%
620
$1,000 to $50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
Go to site
More Info
LightStream personal loans
Finder Rating: 4.83 / 5: ★★★★★
LightStream personal loans
5.99% to 23.99%
Good to excellent credit
$5,000 to $100,000
Borrow up to $100,000 with low rates and no fees.
Go to site
More Info
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How does LendingClub compare?

LendingClub may be best suited for a borrower with a less-than-perfect credit history — its minimum credit score requirement is 600. It offers a minimum loan amount of $1,000 and caps out at $40,000. The origination fee can be from 3% to 6%, which isn't the highest or the lowest we've seen.

LendingClub is available in all 50 states — a major plus — but the Federal Trade Commission (FTC) did sue LendingClub in 2018 for false promises. Overall, you may be better off with one of the alternatives we've listed in terms of reputation, rates and fees.

Pros

  • No prepayment penalties
  • Fixed rates
  • Simple application
  • Available in all 50 states

Cons

  • Higher rates for poor credit borrowers
  • FTC sued LendingClub in 2018

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

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