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Top 7 Alternatives to LendingClub: Where to Find Personal Loans and Investments Online

By Gregor K. published about 2023-02-02 01:57:52

If you're looking for websites like LendingClub to borrow money, you've come to the right place. This article will provide you with a list of similar websites that offer loan services like LendingClub. From peer-to-peer lending networks to online banks, there are plenty of options to explore. We'll also discuss the advantages and disadvantages of each, so you can make an informed decision about which website is best for you. So, let's dive in and learn about the different loan services available.

LendingClub is the nation's largest online credit marketplace, connecting borrowers and investors. They offer fast, convenient access to personal loans and investing opportunities. With LendingClub, you can get the funds you need to consolidate debt, cover unexpected expenses, or pay for a major purchase.

Features

  • Competitive rates and terms
  • No prepayment penalties
  • Secure online application
  • Fast funding

LendingClub Alternatives

Prosper

Prosper is a personal loan company that provides access to secured and unsecured personal loans. Borrowers can choose loan amounts between $2,000 and $35,000 and can get their loan funded in as few as three days.

Both LendingClub and Prosper are popular peer-to-peer (P2P) lending platforms that offer unsecured personal loans to individuals.

Prosper offers fixed-rate loans, while LendingClub offers a mixture of fixed-rate and variable-rate loans. Additionally, Prosper has a higher minimum credit score requirement than LendingClub.

Is Prosper a good alternative?
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Upstart

Upstart is an online lending platform that helps you get smarter about your finances. We offer personal loans with competitive rates, fast funding, and no hidden fees. Our goal is to make borrowing smarter, more affordable, and more accessible.

Both Upstart and LendingClub are P2P lending platforms that offer personal loans to individuals.

Upstart has a higher minimum credit score requirement and also considers other factors such as income and education when determining loan eligibility. Additionally, Upstart offers lower interest rates than LendingClub.

Is Upstart a good alternative?
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SoFi

SoFi is a financial services company that provides a range of services to help people manage their finances. It offers a variety of products and services, including student loan refinancing, personal loans, investing advice, and more.

Both SoFi and LendingClub are P2P lending platforms that offer personal loans to individuals.

SoFi has a higher minimum credit score requirement than LendingClub. Additionally, SoFi offers fixed-rate loans with lower interest rates than LendingClub.

Is SoFi a good alternative?
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Avant

Avant is a leading online lender offering personal loans and credit lines to borrowers of all credit levels. With our easy application process and fast funding, you can access the cash you need to cover unexpected expenses, pay off high-interest debt, and more.

Both Avant and LendingClub are P2P lending platforms that offer personal loans to individuals.

Avant has a lower minimum credit score requirement than LendingClub and offers a wider range of loan amounts. Additionally, Avant offers both fixed-rate and variable-rate loans, while LendingClub only offers variable-rate loans.

Is Avant a good alternative?
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Payoff

Payoff is a financial services company that helps people pay off their debt and achieve financial freedom. With Payoff, you can consolidate your credit card debt into one manageable payment, with a lower interest rate and no hidden fees.

Both Payoff and LendingClub are P2P lending platforms that offer personal loans to individuals.

Payoff has a higher minimum credit score requirement than LendingClub and offers fixed-rate loans with lower interest rates. Additionally, Payoff offers a rewards program for borrowers who pay off their loan on time.

Is Payoff a good alternative?
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OneMain Financial

OneMain Financial provides personal loans to help consumers manage their financial needs. Our loan solutions are tailored to meet the needs of individual borrowers, so you can get the funds you need when you need them.

Both OneMain Financial and LendingClub are P2P lending platforms that offer personal loans to individuals.

Unlike LendingClub, OneMain Financial offers secured loans that require collateral. Additionally, OneMain Financial has a lower minimum credit score requirement and offers a wider range of loan amounts.

Is OneMain Financial a good alternative?
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Best Egg

Best Egg is a lending platform that offers low interest loans for debt consolidation, home improvement projects and other personal needs. Our simple and secure online application process makes it easy to get the funds you need fast – without any hidden fees.

Both LendingClub and Best Egg are online lending platforms.

LendingClub specializes in personal loans and small business loans, while Best Egg specializes in consumer credit products such as credit cards and personal loans.

Is Best Egg a good alternative?
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CareCredit

CareCredit is a healthcare financing and payment plan solution for medical and dental procedures. With CareCredit, you can get the care you need and pay for it over time with low monthly payments.

Both LendingClub and CareCredit offer financial services to consumers.

LendingClub facilitates peer-to-peer lending whereas CareCredit offers healthcare related financing services.

Is CareCredit a good alternative?
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Happy Money

Happy Money is a financial services company that helps people maximize the value of their money. We provide tools and resources to help people make better decisions about their spending, saving, and investing.

Both websites offer loan and credit services.

LendingClub is a peer-to-peer lending platform, while Happy Money offers personal loan products to customers.

Is Happy Money a good alternative?
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LendingTree

LendingTree is an online lending marketplace that connects borrowers with multiple lenders to offer competitive loan offers.

Both LendingClub and LendingTree are online financial services that offer loans.

LendingClub offers peer-to-peer lending while LendingTree provides access to lenders through its online marketplace.

Is LendingTree a good alternative?
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Lending Point

Lending Point is an online lender that provides personal loans to borrowers with fair credit. With Lending Point, you can get loans up to $25,000 with rates as low as 9.99%. The application process is fast and easy, and you can get funds in as little as one business day.

Both websites offer personal loans.

LendingClub allows borrowers to take out up to $40,000 while Lending Point only offers up to $25,000.

Is Lending Point a good alternative?
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Upgrade

Upgrade is a financial technology company that provides access to personal loans, credit building and credit protection tools. We help you manage your money, build your credit and protect your future. With our easy to use platform and helpful customer service, we make life more manageable and finances more accessible.

Both LendingClub and Upgrade are peer-to-peer lending websites that allow borrowers to access loans.

LendingClub offers both installment and revolving credit loans, while Upgrade only offers installment loans.

Is Upgrade a good alternative?
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LendingClub Head-To-Head

Are you looking to borrow money and don't know where to start? The peer-to-peer lending marketplace can be a confusing and complex place, but don't worry! In this head-to-head comparison, we'll discuss the features and benefits of LendingClub versus other popular websites. We'll cover topics such as interest rates, loan eligibility requirements, and more. By the end of this article, you should have a better understanding of which website is best for your financial needs. So let's get started!

LendingClub
vs.
Avant

LendingClub and Avant are two online personal loan services that offer consumers unsecured loans for a range of purposes. Both companies have robust customer service teams, with LendingClub providing around-the-clock phone support and Avant offering live chat support. However, when it comes to the application process, there are some key differences between the two companies. With LendingClub, applicants must complete a lengthy application process that can take up to 30 minutes, while Avant offers a simple 5-minute application process. Additionally, LendingClub requires applicants to have a minimum credit score of 600 and an income of at least $12,000 in order to qualify for a loan, while Avant has no minimum credit score or income requirements. Finally, both companies offer competitive interest rates on their loans but Avant allows customers to select from flexible payment plans while LendingClub only offers fixed repayment plans.

LendingClub
vs.
Best Egg

LendingClub and Best Egg are both popular websites for those seeking personal loans. LendingClub offers short-term and long-term loans, while Best Egg is solely focused on providing short-term loans. Both platforms have competitive interest rates and offer a streamlined application process that is easy to complete. However, LendingClub also allows borrowers to choose from a variety of loan terms and repayment plans that suit their individual needs. Both websites accept cosigners, but LendingClub also offers joint applications for married couples or domestic partners. Additionally, LendingClub provides resources such as online calculators and educational materials to help borrowers understand the terms of their loan before committing to it. Finally, both sites are available in all 50 states, but Best Egg has additional eligibility requirements such as minimum income thresholds that may make it more difficult for some borrowers to qualify.

LendingClub
vs.
CareCredit

LendingClub and CareCredit are both financial services companies that offer customers a variety of loan options. LendingClub focuses on personal loans for individuals, providing access to affordable credit at fixed rates with no hidden fees. Customers can apply for loans online or over the phone and receive their funds as soon as the next business day. CareCredit offers a range of payment plans designed to help customers manage healthcare costs, including options like interest-free financing, deferred interest financing and revolving credit lines. Customers can use CareCredit to pay for cosmetic treatments, veterinary care, dental care and more. Both companies provide flexible repayment terms and easy online account management tools.

LendingClub
vs.
Happy Money

LendingClub and Happy Money are two websites that offer personal loan solutions. Both companies provide customers with quick and easy access to personal loans, and both have options to help customers manage their debt. LendingClub offers a wide range of loan products, including fixed-rate loans, variable rate loans, and lines of credit. Customers can also take advantage of loan consolidation services to help manage existing debt. Additionally, LendingClub offers an online account management system so that customers can keep track of their finances. Happy Money provides customers with access to unsecured installment loans. Through the website, customers are able to choose from several different loan terms and repayment options. Additionally, Happy Money offers financial wellness services such as budgeting tools and credit counseling. The website also provides resources so that customers can learn more about responsible borrowing practices. Overall, both LendingClub and Happy Money offer similar services in terms of personal loan solutions but differ in their approach to helping customers manage their finances.

LendingClub
vs.
LendingTree

LendingClub and LendingTree are two online lending websites that offer financial services to individuals. Both websites provide users with access to loan options, including personal loans and mortgages. LendingClub focuses on providing unsecured loan options, while LendingTree offers a variety of secured and unsecured loan products. Both services offer borrowers the ability to compare rates, terms, fees, and other features from multiple lenders. In addition, both sites allow users to apply for loans directly from the website. LendingClub has a more streamlined application process than does LendingTree, which requires more detailed information for certain types of loans. When it comes to customer service, both websites have customer support teams available by phone or email as well as frequently asked questions pages on their websites. However, LendingTree offers more in-depth chat support through its “Ask an Expert” feature. Overall, both sites are excellent resources for anyone looking for loan options or assistance with their finances.

LendingClub
vs.
Lending Point

LendingClub and Lending Point are two popular peer-to-peer lending websites. Both offer unsecured personal loans to borrowers and provide investors with the opportunity to earn a return from their investments. LendingClub has been around since 2007 and is one of the oldest and most established peer-to-peer lenders in the market. It offers a wide range of loan products for borrowers, including debt consolidation, home improvement, auto refinance, medical expenses, and more. It also offers a unique “Investor Choice” program that allows investors to customize their investment portfolios based on their goals, risk preferences, and timeframe. Lending Point is a newer entrant in the peer-to-peer lending space but has quickly gained popularity due to its competitive rates and convenient online application process. Borrowers can apply online in minutes and get instant pre-qualification decisions. Additionally, Lending Point offers special loan discounts for customers who use autopayment methods or have strong credit scores. Investors can also invest through Lending Point’s platform with options such as fractional shares and automated investing plans available. Overall, both LendingClub and Lending Point offer high quality services to borrowers and investors alike. However, each platform is tailored slightly differently based on its target customer base - so it’s important for potential users to do their own research before deciding which platform best fits their needs.

LendingClub
vs.
OneMain Financial

LendingClub and OneMain Financial are both online financial services companies that provide a variety of products and services to individuals. While LendingClub specializes in personal loans, credit card refinancing, and investing opportunities, OneMain Financial offers loan consolidation, auto financing, home improvement financing and more. When it comes to applying for loans or services, both companies offer an easy online application process with fast approval decisions. With LendingClub, applicants can get a loan from $1,000 up to $40,000 without any prepayment fees or penalty fees for paying off the loan early. On the other hand, OneMain Financial offers competitive rates on loans of up to $25,000 with several repayment options available. In terms of customer service, both companies provide helpful resources like FAQs and online chat for customers who need assistance. Additionally, OneMain Financial has physical branches in 44 states across the US where customers can meet with a branch team if they require additional help or support. Overall while LendingClub is a good choice for those looking for personal loans or credit card refinancing options at competitive rates with no hidden fees; OneMain Financial is better suited for those who want more comprehensive financial services such as loan consolidation and auto financing with access to in-person branch teams.

LendingClub
vs.
Prosper

LendingClub and Prosper are both peer-to-peer (P2P) lending websites that use an online platform to connect borrowers with investors. Both sites offer a range of loan options and terms, allowing borrowers to select the loan type that best fits their needs. LendingClub offers unsecured personal loans of up to $40,000 for debt consolidation, home improvement, major purchases and more. Borrowers can choose between three-year or five-year repayment terms and can apply for loans with fixed or variable interest rates ranging from 6.95% - 35.89%. LendingClub also offers small business loans for up to $300,000 with repayment terms up to five years and interest rates from 5.99% - 32.99%. Prosper also offers unsecured personal loans up to $35,000 with similar repayment terms and interest rates as LendingClub (6.95% - 35.99%). In addition, Prosper provides medical financing solutions through their FIT Loans which offer high borrowing limits ($100,000), longer repayment plans (up to 7 years) and fixed interest rates starting at 4%. Overall, both LendingClub and Prosper provide convenient online access to a variety of loan products suitable for a range of needs.

LendingClub
vs.
Payoff

LendingClub and Payoff are both websites that offer financial services to consumers, but they do so in different ways. LendingClub is a peer-to-peer lending platform which connects borrowers with investors and allows individuals to secure loans at competitive interest rates. Payoff is an online personal loan provider that focuses on helping customers pay off their credit cards and other debts as quickly as possible. When it comes to application process and approval rates, LendingClub has an easy application process, with a high approval rate of over 90%. However, they require a minimum credit score of 600 for loan approval. On the other hand, Payoff's application process is slightly more rigorous, but the approval rate sits at 80%, making it accessible to those with lower credit scores. In terms of repayment options, LendingClub offers borrowers fixed or variable interest rate repayment terms up to five years in length; whereas Payoff only offers fixed rate repayment plans between two and five years in duration. Furthermore, LendingClub does not charge any prepayment fees; however Payoff does have a prepayment fee if you choose to settle your debt before the end of your loan term. Overall, both LendingClub and Payoff offer unique services that can help people in different financial situations manage their debt and access loans at reasonable rates. However, depending on the individual’s needs and eligibility requirements, one may be more suitable than the other.

LendingClub
vs.
SoFi

LendingClub and SoFi are two popular online lending platforms that offer loans to both consumers and businesses. Both companies offer a wide range of loan products, including personal loans, business loans, student loans, home improvement loans, debt consolidation, auto refinancing and more. The key difference between LendingClub and SoFi is the eligibility requirements for borrowers. LendingClub has more relaxed credit requirements than SoFi and generally offers larger loan amounts with longer repayment terms. On the other hand, SoFi has higher credit standards but offers competitive rates and shorter repayment terms. In terms of application process, both companies have an online process that is straightforward and easy to use. Both lenders also provide customer support by phone or email. When it comes to customer service, both LendingClub and SoFi offer chatbot options as well as personal loan advisors that can help borrowers find the best rate for their situation. Overall, each platform provides different advantages to borrowers depending on their individual needs. LendingClub’s flexible eligibility requirements make it a great choice for those who need a larger loan or have less-than-perfect credit history. On the other hand, those with excellent credit may find that SoFi offers better rates with shorter repayment terms.

LendingClub
vs.
Upstart

LendingClub and Upstart are both online lending platforms that offer consumers competitive personal loan rates. Both companies have similar application processes, but offer different features to their customers. LendingClub has a streamlined process which allows users to apply for loans quickly and easily. They also offer a variety of loan products, including auto loans, home improvement loans, and debt consolidation loans. Additionally, LendingClub provides financial education resources to help borrowers better manage their money. Upstart leans more towards the tech-savvy customer by using data science and machine learning algorithms to assess applicants’ creditworthiness. This technology allows them to offer lower interest rates than other lenders without sacrificing borrower quality. Upstart also offers additional services for their customers such as career planning guidance and job search assistance.

LendingClub
vs.
Upgrade

LendingClub and Upgrade are two popular websites for obtaining personal loans. Both offer competitive interest rates and fast loan approvals. However, there are a few key differences between the two platforms. LendingClub has a more extensive selection of loan terms than Upgrade, ranging from 36 to 84 months. LendingClub also offers co-signer options which can help with approval rates, while Upgrade does not have this feature available. Additionally, LendingClub requires that customers have at least a 600 credit score in order to qualify for a loan, while Upgrade only requires a 580 credit score. On the other hand, Upgrade offers more flexibility when it comes to repayment plans since they provide both fixed rate and variable rate loans based on the borrower's individual credit profile. They also provide access to additional funds even after the initial loan is disbursed with their “access funds” feature. Lastly, Upgrade provides customer support through live chat and phone calls, while LendingClub does not offer such services. Overall, both LendingClub and Upgrade are great options for borrowers looking for personal loans but depending on your specific needs and preferences one may be better suited for you than the other.


History of LendingClub

LendingClub is a peer-to-peer lending platform established in 2006. It facilitates direct loans between borrowers and investors without a traditional financial intermediary. Through its platform, borrowers can apply for personal loans from $1,000 to $40,000, with loan terms ranging from three to five years. Investors use the platform to invest in individual loans or loan portfolios. Since its founding, the company has facilitated over $50 billion in loans and made it possible for millions of people to access capital that would otherwise have been unavailable to them.


LendingClub Status

The LendingClub website on online and reachable (last checked on 2024-03-02 01:00:30).

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Comments

  • These websites are like a buffet for debt-lovers!

    2023-07-17 14:55:22 ·
  • Don't want to put all your eggs in one basket? Check out this list of alternative websites for borrowing money!

    2023-09-11 16:28:06 ·
  • I'm not sure if I should be excited or scared that there are so many websites like LendingClub out there!

    2023-12-02 11:47:30 ·