LendingPoint signature loans review: Good choice if you have the lowest credit rating

LendingPoint signature loans review: Good choice if you have the lowest credit rating

The bottom line: LendingPoint is a very good alternative whether your borrowing from the bank isn’t regarding most useful shape while you should never qualify for that loan with another financial. Although not, the variety of financing amounts is more minimal than what most other loan providers provide, while you really have a good credit score, you can most likely get a good rate elsewhere.

LendingPoint unsecured loan amounts and you can rates

LendingPoint also provides unsecured loans out of $dos,one hundred thousand to help you $36,five hundred. This minimum exceeds most other equivalent personal loan enterprises; as an instance, Posting and you can Upstart enjoys minimums away from $step 1,100. Upgrade and you may Upstart supply that loan maximum away from $fifty,100000, which is notably more than LendingPoint’s restrict.

The eye prices with the LendingPoint funds start from nine.99% so you can %, that is around standard to have an unsecured loan for those who have reasonable credit. Modify and you can Upstart keeps down creating rates, however you will probably you would like good credit rating in order to meet the requirements.

Advantages and disadvantages from LendingPoint unsecured loans

  • Low minimal credit history to help you meet the requirements. LendingPoint features a minimum credit rating element 580 becoming entitled to that loan, which is less than many similar loan providers.
  • Highest Better business bureau rating. […]