Great news for anyone interested in a LendingClub personal loan: this leading online lender just made more loan options available to more borrowers.
First, LendingClub increased is maximum loan amount to $40,000. For those who need to borrow large amounts, this is good news.
Second, LendingClub increased its maximum APR to 35.96%* APR. This increase was to enable LendingClub to extend credit to more borrowers.
Since LendingClub reports that its borrowers reduce their rates by an average of 35%, these changes really are good news. These updates from LendingClub may be an opportunity for you to refinance other high interest rate debt and save. Or find funds for a project you've been meaning to start.
If you are interested in learning more about LendingClub, you can read our review.