The conclusion: LendingPoint try a very good option in the event the borrowing is not on the greatest profile while try not to be eligible for that loan with other bank. Although not, the variety of mortgage quantity is much more limited than what other lenders offer, and if you really have a good credit score, you could potentially likely get a better rate elsewhere.
LendingPoint personal loan numbers and interest rates
LendingPoint also provides personal loans away from $2,one hundred thousand so you can $36,five hundred. It lowest is higher than other comparable unsecured loan organizations; for-instance, Inform and you can Upstart has minimums of $step one,000. Upgrade and you can Upstart have financing restrict out-of $50,100000, that’s significantly greater than LendingPoint’s limitation.
The interest costs for the LendingPoint loans cover anything from 9.99% to help you %, that’s approximately fundamental having a personal loan if you have lowest credit. Inform and Upstart has lower performing rates, but you’ll most likely you would like an effective credit rating in order to qualify.
Pros and cons of LendingPoint unsecured loans
- Lower minimum credit score so you can qualify. LendingPoint keeps a minimum credit history element 580 to be eligible for financing, that’s lower than of a lot equivalent loan providers.
- Large Bbb get. The newest Bbb brings LendingPoint a the+ score, while the providers has no present scandals.
- Zero prepayment punishment. You can pay back the loan very early with LendingPoint without having to pay a charge.
- High minimal amount borrowed. Continue reading “LendingPoint signature loans review: Good option if you have a low credit history”