LendingPoint Personal Loans Review

Fast, accessible loans for 660+ credit scores, no prepayment fees, varied APRs and fees.

LendingPoint Personal Loans Review

LendingPoint provides a streamlined option for personal loans tailored for individuals with credit scores starting from 660. This overview breaks down the features and benefits and provides a succinct summary to assist potential borrowers in understanding what LendingPoint offers.


  • APR Range: 7.99% to 35.99%, varying based on creditworthiness and other factors.
  • Loan Amounts: From $2,000 to $36,500, catering to various borrowing needs.
  • Repayment Periods: Options range from 24 to 72 months, offering flexibility in loan terms.
  • Origination Fee: Varies by state, ranging from 0% to 10% of the loan amount.
  • Late Fee: Up to $30 for payments over 15 days late, varying by state.
  • Credit Score Requirement: A minimum score of 620 is required, making it accessible to those with lower credit ratings.
  • Minimum Income Requirement: Applicants must have a yearly income of at least $35,000.


  • Quick Funding: Loans can be disbursed as quickly as the next business day, ideal for urgent financial needs.
  • Lower Credit Accessibility: With a minimum credit score requirement of 620, it's an option for those with less-than-perfect credit.
  • No Prepayment Penalty: Borrowers can pay off their loan early without incurring additional fees.
  • Online Application: The process is fully digital, making applying convenient and straightforward.

Product Summary

LendingPoint personal loans offer a solution for individuals with a wide range of credit scores, particularly benefiting those on the lower end of the spectrum. The combination of fast funding, a relatively low minimum credit score requirement, and a straightforward online application process makes LendingPoint appealing for borrowers needing quick access to funds. However, the high APRs for those with better credit scores and the absence of joint applications might make it less attractive than other lenders for applicants with higher creditworthiness. With competitive terms and a focus on transparency and customer satisfaction, LendingPoint is a solid option for personal financing needs.

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