LendingPoint review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

LendingPoint is a US direct lender for adults with a verifiable US bank account, suited to anyone weighing home improvement or debt consolidation costs. Fixed rates of 7.99% to 35.99% run on loans of $1,000 to $36,500, the arrangement fee is disclosed upfront and early repayment is free on top.

Key facts

Best for
US borrowers funding a home project or clearing debt, with a soft pull to see rates first.
APR
7.99% to 35.99% (Source, checked September 26, 2026)
Loan amount
$1,000 to $36,500 (Source, checked September 26, 2026)
Term
24 to 72 months (Source, checked September 26, 2026)
Arrangement fee
Up to 10% of the loan amount, disclosed upfront; no application fee (Source, checked September 26, 2026)
Credit check
Soft prequal (Source, checked September 26, 2026)
Funding time
Funds as soon as the next business day via ACH after final underwriting approval (Source, checked September 26, 2026)
Representative example
Well-qualified customer, $10,000 loan over 48 months at 26.59% APR with 10% origination fee: $340.52 per month, total due $16,345.12 (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
18 or older, U.S. federal/state/local government-issued photo ID, social security number, minimum annual income $35,000, verifiable personal U.S. banking account, and not a resident of Nevada or West Virginia (Source, checked September 26, 2026)
Origination fee (%)
up to 10% (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
LendingPoint LLC (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Founded
2015 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
lendingpoint.com

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaLinkedInXTrustpilotfacebook.com

Pros and cons

Pros

  • Fixed rate borrowing, so payments do not move after the offer is made
  • Early repayment is free, so paying ahead costs nothing extra
  • A soft prequal check, soft prequal, shows rates before a hard pull
  • Licensed in several US states and reachable on email, phone and help centre

Cons

  • The top of the 7.99% to 35.99% range sits well above the site median of 12%
  • Under its eligibility rules, residents of Nevada and West Virginia cannot apply, and a verifiable US bank account is required

Ready to try LendingPoint?

Scored 9.1 / 10 by BorrowCue.

See alternatives

Who it suits

  • Adults in the US with a government photo ID, a social security number and a verifiable US bank account
  • Anyone planning a home improvement project who wants a fixed rate and a quick payout
  • Borrowers with several balances who want to consolidate them into one monthly payment

Who should look elsewhere

  • Residents of Nevada and West Virginia, who cannot apply
  • Applicants without a minimum annual income or a verifiable personal US bank account

Who runs it

LendingPoint is a US direct lender trading as LendingPoint LLC, founded in 2015, with support on email, phone and help centre. Licences listed include a California DFPI finance lender licence, 60DBO-46348; a Texas OCCC regulated lender licence, 154325; a Washington State DFI consumer loan company licence, CL-1424139; an Ohio small loan licence, SL.400348.000; a Maryland instalment loan licence, 1424139; a Colorado supervised lender licence, SUP-4000226; and an NYC debt collection agency licence, 2089189-DCA.

How LendingPoint compares

Where LendingPoint is available

Licence in United States
Maryland Department of Labor, Licensing & Regulation - Installment Loan License (1424139), checked September 26, 2026
Licence in United States
California Department of Financial Protection & Innovation (DFPI) - Finance Lender License (60DBO-46348), checked September 26, 2026
Licence in United States
Colorado Department of Law Consumer Credit Unit - Supervised Lender License (SUP-4000226), checked September 26, 2026
Licence in United States
NYC Consumer Affairs & Worker Protection (DCWP) - Debt Collection Agency License (2089189-DCA), checked September 26, 2026
Licence in United States
Ohio Division of Financial Institutions/Consumer Finance - Small Loan License (SL.400348.000), checked September 26, 2026
Licence in United States
Texas Office of Consumer Credit Commissioner - Regulated Lender Company License (154325), checked September 26, 2026
Licence in United States
Washington State Department of Financial Institutions, Division of Consumer Services - Consumer Loan Company License (CL-1424139), checked September 26, 2026

Frequently asked questions

What APR and loan size does LendingPoint offer?+

Rates run 7.99% to 35.99% on fixed terms, and the amount you can borrow spans $1,000 to $36,500. The top of that range sits far above the site median of 12%, so the rate you are offered depends heavily on your own credit profile and the size of the loan.

What does the representative LendingPoint example show?+

The published example covers a well qualified customer, a mid sized loan over a multi year term and a rate near the middle of 7.99% to 35.99%, with an origination fee of up to 10% added on top. The monthly instalment and the total repaid both sit well above the amount borrowed.

How long does funding take?+

Funding arrives as soon as the next business day by ACH, and only once final underwriting approval is complete. Read that approval as the start of the wait rather than the application date, since the clock runs from the point the loan is fully underwritten.

How much can I borrow and for how long?+

Loan amounts cover $1,000 to $36,500 and terms run 24 to 72, so the same fixed rate product covers a home project and a balance transfer. Only personal loans and debt consolidation are offered, with home improvement the listed use of the funds.

Is LendingPoint regulated?+

It is a direct lender rather than a broker, and it lists state licences rather than a single national one. Examples include a California DFPI finance lender licence, 60DBO-46348, a Texas OCCC regulated lender licence, 154325 and a Washington State DFI consumer loan company licence, CL-1424139.

Can I repay the loan early?+

Early repayment is free, so clearing the balance ahead of the agreed schedule carries no charge from the lender. Borrowing is fixed rate, matching fixed terms, so interest does not move after the offer is made. Paying ahead is the cheapest way to cut the cost.

Who can apply for a LendingPoint loan?+

Applicants must be adults with a US government issued photo ID, a social security number, a minimum annual income and a verifiable personal US bank account. Residents of Nevada and West Virginia cannot apply, and an income below the stated minimum rules out a standard application.

Sources

  • lendingpoint.com checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Eligibility, Funding time, Lender type, Loan types, Origination fee (%), Representative example

    “Personal Loans From $1,000 - $36,500”

  • lendingpoint.com/personal-loans/online-loans checked September 26, 2026

    Backs: Free early repayment, Pricing model, Rate type, Term, Use cases

    “No pre-payment penalty”

  • lendingpoint.com/terms-of-use checked September 26, 2026

    Backs: Headquarters, Legal entity, Support channels

    “LendingPoint LLC, a Delaware limited liability company with its principal place of business in Kennesaw, Georgia”

  • lendingpoint.com/trusted-and-transparent-personal-loans checked September 26, 2026

    Backs: Founded, Arrangement fee

    “Since 2015, we've helped consumers access personal loans from $1,000 to $36,500”

  • nmlsconsumeraccess.org checked September 26, 2026

    Backs: Licences

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

LendingPoint

US borrowers funding a home project or clearing debt, with a soft pull to see rates first.

9.1/10See alternatives

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