LendingClub Increases Maximum Loan Amounts and Expands Credit Availability | CreditShout

LendingClub Increases Maximum Loan Amounts and Expands Credit Availability

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

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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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The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.

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