Item: LendingPoint
Rating: 4
Author: Jackie Veling

4.0

NerdWallet Rating

5.0

User rating (1)

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4.0

NerdWallet Rating

5.0

User rating (1)

Est. APR

7.99 - 35.99%

Min. credit score

640

Time to fund

1 day

Loan amount

$1K - $36.5K

Loan term

2 to 6 years

Origination fee

Up to 10%

Disclosures from LendingPoint

Overview

LendingPoint personal loans have the makings of a solid financing option with fast funding, pre-qualification and payment date flexibility, though its loan amounts are on the smaller side compared to other lenders. Applicants need good credit to qualify with LendingPoint.

» MORE: Compare the best personal loans

What LendingPoint is best for

Best Online Personal Loans

Best Vacation Loans

Best Emergency Loans

Detailed breakdown

Affordability(25%)

3.5/5

We review lenders' annual percentage rate offerings and the competitiveness of each lenders' APR range. We also assess whether a lender charges an origination fee and any opportunity for borrowers to receive a rate discount.

Customer Experience(20%)

4/5

We consider the experience of the consumer trying to manage a personal loan, which means accessibility of customer service representatives, whether borrowers can choose and change their payment due date, and the ability to track their loan on a mobile app.

Underwriting and Eligibility(20%)

4.5/5

We consider the rigorousness of each lender's underwriting practices and how widely available their loans are. This category includes whether a lender does a hard credit check before providing a loan, the range of credit profiles they accept and how many states their loans are offered in.

Loan Flexibility(20%)

3.5/5

We assess how flexible lenders can be with borrowers, including whether they offer multiple loan types, personal loan amounts and repayment term options and whether they offer direct payment to creditors on debt consolidation loans.

Application Process(15%)

5/5

We consider the lender's full application process, including a borrower's ability to preview their loan offer via pre-qualification, whether basic loan information such as APR range and repayment terms are available and easy to find online and how quickly a loan can be funded after approval.

Overall Rating

4/5

Read more about our ratings methodology for personal loans.

Where LendingPoint personal loans stand out

Fast approval and funding: LendingPoint says it takes minutes to complete an application, and the lender can make an approval decision in seconds. If you're approved, LendingPoint can send the loan funds to your account in one business day.
Option to change payment date: LendingPoint doesn’t let borrowers choose their payment due date before signing a loan agreement, but customers can change it after closing the loan, then once per year after that. Payment flexibility is helpful if you have a change in income and expenses, such as a new job with a different payday.
Small loan amounts: LendingPoint’s minimum loan amount is $1,000, which is lower than many other lenders. A lower minimum means borrowers won’t have to pay interest on a higher amount if they only need $1,000 to cover a car repair or dental procedure, for example.
Offers pre-qualification: Borrowers can pre-qualify with LendingPoint without undergoing a hard credit check. This means they can see the potential loan amount, rate, term, monthly payment and total interest costs with no harm to their credit score. LendingPoint may also give borrowers multiple loan offers to choose from.

Where LendingPoint personal loans fall short

Origination fee: LendingPoint may charge an origination fee up to 10%, depending on your state of residence. The lender typically adds the fee to the loan amount, increasing the amount you borrow, though you may choose to have the fee deducted from the loan proceeds, which would shrink the size of your loan.
Reports payments to only two of three major credit bureaus: LendingPoint reports payments to Experian and TransUnion, but not Equifax. This means if you apply for credit with a lender that checks Equifax, any payments toward LendingPoint won’t be reflected. Most lenders report payments to all three credit bureaus.
No co-signed, joint or secured loans: Borrowers can only get an unsecured personal loan from LendingPoint. Other lenders offer co-signed or joint loans or secured personal loans, which give borrowers the opportunity to boost their application for a chance at a lower rate or larger loan amount.

How to qualify

You don’t need outstanding credit to qualify for a LendingPoint personal loan. According to the lender, it uses AI-driven technology to weigh many data points, and traditional FICO credit scores may play a smaller part in the approval process compared to other lenders. Still, borrowers with good credit and consistent income will likely have an easier time getting approved.

LendingPoint personal loans aren’t available in West Virginia and Nevada.

LendingPoint’s borrowing requirements

Minimum credit score: 640.
Minimum annual income: $35,000.
Minimum credit history: 2 years.
Maximum debt-to-income ratio: 45%, not including mortgage payments.
Must be at least 18 (or the age of majority in AL, MS or NE).
Must be a U.S. citizen, have a Social Security number and provide proof of residency.
Must provide proof of employment or income.
Must have a valid U.S. bank account and valid email address.

» MORE: How to get a personal loan

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Profile of an average LendingPoint borrower

Credit score

715

Annual Income

$87,400

Loan amount

$17,500

Loan Purpose

Debt consolidation

Compare LendingPoint to the best lenders


4.0 NerdWallet rating 5.0 User rating (1)	4.5 NerdWallet rating 4.8 User rating (44)	5.0 NerdWallet rating 4.5 User rating (89)	4.5 NerdWallet rating 4.5 User rating (129)
EST. APR 7.99-35.99%	EST. APR 6.49-24.89%	EST. APR 6.53-35.99%	EST. APR 8.74-35.49%
LOAN AMOUNT $1K-$36.5K	LOAN AMOUNT $5K-$100K	LOAN AMOUNT $1K-$60K	LOAN AMOUNT $5K-$100K
MIN. CREDIT SCORE 640 Get My Rate	MIN. CREDIT SCORE 660 Get My Rate	MIN. CREDIT SCORE 600 Get My Rate	MIN. CREDIT SCORE None Get My Rate

User reviews

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Dorina O.

Verified NerdWallet Customer

Would you recommend this product? Yes

I went pretty quickly. It was good. I mean, it went pretty quickly. No issues.

January 21, 2026

User reviews are displayed for informational purposes only and are not monitored for accuracy. These reviews do not reflect the opinions of NerdWallet or the financial institutions referenced and are not endorsed by them. Neither NerdWallet nor the financial institutions are responsible for the content of any review, nor are the financial institutions obligated to respond to or address any user posts.