LendingPoint Personal Loans Review | The Ascent


Top perks

Soft credit check: LendingPoint will conduct a soft credit check in order to tell you what your interest rate will be before you apply. The advantage of a soft credit check is that it won’t negatively impact your credit score, meaning that you can compare rates before making a decision.

Low minimum credit score: Loans are available for borrowers with FICO® Scores as low as 585. Rather than require a high credit score, LendingPoint says they look for a “responsible banking and financial track record.”

Available loan amounts: $2,000-$25,000. While other lenders offer larger loans, it’s less common to see loans as small as $2,000, which you can get with LendingPoint.

No prepayment penalty: Whether you plan to pay the loan off early from the outset or just come into some extra cash, there is no penalty for doing so.

Funding time: Funds from your LendingPoint loan will be deposited in your account in one business day.

Instant approval: No need to wait to learn if you qualify.

View more information: https://www.fool.com/the-ascent/personal-loans/lendingpoint-personal-loans-review/

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