LendingPoint Personal Loan review: how does it work and is it good?

Unsure if a personal loan is a right choice for your unexpected expenses? Read this LendingPoint Personal Loan review to learn how this product works, what rates you can expect, and more.


by Suzana Brito

Published on 11/20/2022

LendingPoint Personal Loan: The help you need for your mid-size expenses!

LendingPoint Personal Loan logo
Find out what the LendingPoint Personal Loans are. Keep reading! Source: Lending Point

Are you interested in a personal loan? Check out this LendingPoint Personal Loan review! They offer loans to people in the USA with good credit.

LendingPoint Personal Loan logo

How to apply for LendingPoint Personal Loan

Discover how easy it is to apply for LendingPoint Personal Loan and get the money you need in less than 24 hours. Read on!

Their loans are fast, easy, and affordable. Plus, they have a variety of repayment options to choose from. So if you need some extra cash for unexpected expenses, read on to learn more!

  • APR: From 7.99% to 35.99% APR;
  • Loan Purpose: It’s available for wedding expenses, debt consolidation, car repairs, etc;
  • Loan Amounts: From $2,000 to $36,500;
  • Credit Needed: 600;
  • Origination Fee: It charges up to 8%. 
  • Late Fee: There can be a late fee;
  • Early Payoff Penalty: It doesn’t charge an early payoff penalty.

What is the LendingPoint Personal Loan?

Employee benifits concept. Indirect and non-cash compensation paid to employees offered to attract and retain employees. Fringe benefits for employee engagement. Insurance, paid vacation, office perks
Understand if the Lending Personal Loan is for you. Read on! Source: Adobe Stock

The LendingPoint Personal Loan is a lending provider available in 48 states of the U.S, excluding West Virginia and Nevada.

They offer loans ranging from $2,000 to $36,500. You can use them for any purpose. There are no restrictions on it.

LendingPoint Personal Loan offers options to change payment dates and allow borrowers to refinance their loans.

The funds are deposited quickly to borrowers’ accounts upon approval. They also have competitive rates.

On the other hand, LendingPoint Personal Loan charges an origination fee of up to 8%. They still have a late payment fee if it is 15 days late or more.

LendingPoint reports to two out of three credit bureaus, and they don’t have options for joint or co-signed loans.

They provide an app that users can download to manage their accounts and make payments.


Is the LendingPoint Personal Loan good?

LendingPoint can be a personal loan option for customers who want to avoid the bureaucracy of a physical branch and get funds quickly to their accounts.

Below, you can review the advantages and drawbacks of this loan to see if it’s the perfect fit for your circumstances.



  • It offers a mobile app to manage loans and make payments;
  • You can pre-qualify for a LendingPoint Loan without hurting your score;
  • It provides options to refinance your loan;
  • The funds can be in your account in less than 24 hours upon approval;
  • Borrowers can prepay the personal loan without worrying about a prepayment penalty fee.


  • LendingPoint Personal Loan charges an origination fee;
  • It doesn’t allow co-signers and co-borrowers;
  • It charges a late fee;
  • Credit is only reported to two credit bureaus.

Multiple personalized credit card offers

Applying won't hurt your credit score

You will be redirected to another website

Does the LendingPoint Personal Loan check credit scores?

They have an easy pre-qualification process, where you’ll only see soft credit checks on your report, and they won’t affect your score.

Want to get the LendingPoint Personal Loan? We will help you!

Do you want to keep learning about the LendingPoint Personal Loan? Read the post below!

LendingPoint Personal Loan logo

How to apply for LendingPoint Personal Loan

Discover how easy it is to apply for LendingPoint Personal Loan and get the money you need in less than 24 hours. Read on!

About the author

Suzana Brito

I'm a Language Studies graduate and have always been interested in writing and sharing knowledge. By creating content about finances and related products, I believe in contributing to people achieving financial freedom and their goals in life.

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