This minimum credit score range is favorable versus the competition

This minimum credit score range is favorable versus the competition

  • APR Range: 9.99% to % (no autopay discount)
  • Minimum Credit Score: 580
  • Loan Amounts: $2,000 to $36,500

LendingPoint is an online-only lender that uses AI and data-driven decision-making to approve its loans, meaning it might approve applicants for personal loans even if they have credit scores as low as 580.

As an online-only lender, LendingPoint relies on data and artificial intelligence (AI) to make loan decisions. For this reason, it might approve applicants with credit scores as low as 580, a low credit score requirement compared to much of the competition. Plus, you can see if you’ll qualify for a personal loan without hurting your credit, as LendingPoint only pulls a hard credit check if you decide to proceed with the loan.

LendingPoint offers loans ranging from $2,000 to $36,500, with repayment terms of 24 to 60 months and funding as fast as the next business day after you’re approved. You can expect to pay an APR of 9.99% to % (inclusive of a 0% to 6% origination fee).

Its personal loans are available to the residents of most U.S. Continue reading This minimum credit score range is favorable versus the competition