What are the best alternatives to Lending Club?

Top 8 Alternatives to Lending Club 1 Fundation. The borrower qualifications of Fundations are similar to those of Lending Club’s term loans. ... 2 StreetShares. StreetShares, a P2P lender, offers lenient loan structures and low interest rates. ... 3 SmartBiz. ... 4 OnDeck. ... 5 Upstart. ... 6 Kiva Zip. ... 7 Prosper. ... 8 SoFi. ...

What is lending club APR?

If you are approved for a loan with Lending Club, the platform will offer you an APR of between 6.95% and 35.89%. It is Lending Club themselves that will determine what APR rate they can offer you. This will be based on your credit history, and ultimately, how likely it is that you will pay the loan back in full.

Does Lending Club offer a loan?

Lending Club even claims to facilitate loans at an average cost-saving of 30% in comparison to traditional lenders. However, if you are thinking about obtaining a loan, you’ll need to make sure that you have a credit score of at least 600, and a debt-to-income ratio of no more than 40% (or 35% for joint applications)

Is upgrade better than LendingClub?

Upgrade is an online direct lender that prioritizes your cash flow over your credit score. It offers slightly higher loans than LendingClub, with a slightly lower starting interest rate — 8.49%. But its origination fees are higher than even some P2P lenders charge. And it can take as long as five days to get your funds.