LendingClub Increases Maximum Loan Amounts and Expands Credit Availability

By Kevin / March 10, 2016
LendingClub Increases Maximum Loan Amounts and Expands Credit Availability

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.


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