LendingPoint Personal Loans Review

#14 in Personal Loans

LendingPoint is an online direct credit provider. The company offers equitable rates and fast loan applications through its online personal loans portal. LendingPoint also has a Graduation Program that helps debtors switch to fixed and predictable payments. However, services are only currently available in New Mexico, Georgia, Missouri, Minnesota, Montana, Oregon, Utah, South Dakota, Michigan, Washington and Alabama.

Company Profile

BBB Ratings

A-

States Served

8

 

Loan Details:

LendingPoint has a minimum loan amount of $3,500 and a maximum of $20,000. They have an interest rate between 17.46%-34.99% payable within 2-3 years. But, interest rates may vary according to a debtor’s revenue, state of dwelling, and credit history.

Minimum Loan Amount

$3,500

Maximum Loan Amount

$20,000

Loan Rate

17.46% - 34.99%

Minimum Loan Period

2 years

Maximum Loan Period

3 years

Privacy Policy

http://www.lendingpoint.com/privacy-policy/

 

LendingPoint Representative Sample

A consumer borrowing $4,000 at a 15% APR over a 24-month period would end up paying a total of $4,654.72.

Application

LendingPoint provides fast online applications, quick response, and a 24-hour fund transfer to your bank account. However, loan approval is not guaranteed. Loan approvals are based on your application.

Online Application Time

Few Minutes

Response Time

Few Minutes

Approval Time

Within 24 hours

 

Personal Loans Purposes

LendingPoint offer loans for Debt Consolidation, Home Improvements, Medical Bills, Auto Purchases, Repairs, Vacation, Travel, or other immediate needs.

Debt Consolidation

Yes

Home Improvements

Yes

Medical Bills

Yes

Auto Purchases

Yes

Repairs

Yes

Vacation and Travel

Yes

Other Immediate Needs

Yes

 

Mode of Payments

LendingPoint accepts Automatic Loan Payment, monthly, bi-monthly, and check payments for hassle-free financial transactions. The company does not charge a prepayment penalty to borrowers.

Automatic Loan Payment

Accepted

Monthly Payment

Accepted

Bi-monthly Payment

Accepted

Check Payment

Accepted

Pre-Payment Penalty

None

 

Borrower’s Information and Qualification

Being a direct lending company, Lending Point allows more flexibility and quicker approval times. Borrowers who are not eligible for loans with traditional lenders may find it easier to qualify for a personal loan with the company.

Personal Details

Yes

Income

Yes

Employer

Yes

Place of residence

Yes

Purpose of Loan

Yes

 

Help, Support and Usability

LendingPoint provides quick assistance to debtor concerns such as live chat, telephone support, email, and FAQ section readily available on their website. In addition, online processing of your application, 24 hour loan approval, and fund transfers are available.

Personal Loan Calculator

Yes

Online Application

Yes

24- hour loan process

Yes

24- hour Fund Transfer

Yes

Online Management Account

Yes

Live Chat

Yes

Telephone Support

Yes

Email

Yes

FAQs

Yes

 

Personal Loans at Lending Point

LendingPoint offers a fast, fair and flexible process for personal loans. The company's loans are designed to benefit the borrowers for their immediate needs and have flexible payment terms between 24 to 36 months. Loan rates start at 17.46% and have a maximum of 34.99%. Applying for a personal loan at LendingPoint is easy either online or over the phone with a loan representative.

Start your review for LendingPoint Personal Loans