My Instant Offer Code (Apply Lending Club Personal Loan)
LendingClub is a financial services company, with the headquartered at San Francisco, California at 71 Stevenson St., Suite 1000, San Francisco, CA 94105. It is the world’s largest peer-to-peer lending platform.
It is a lending marketplace that helps people get loans for several reasons. LendingClub allows you get personal loan, small business loan, or refinance your car payments.
The online platforms link borrowers with network of lenders or investors to help choose the best plan. With LendingClub, borrowers can create unsecured personal loans within $1,000 and $40,000. The normal loan period was 3 years.
In other words, Myinstantoffer Lending Club loans is a company that allows borrowers to create loan listings on its website.
Investor gets to view list on the LendingClub website and choose the loan they wish to invest in according to the details given about the amount of loan, the borrower, loan grade, and the purpose of the loan.
Investors across the United State are part of MyInstantOffer, they invest in the club with the aim to get the principal amount with the profits.
The investors get money from the loan interest, while LendingClub gets money by charging borrowers an origination fee and investors a service fee.
Pros and Cons of LendingClub
- Quick money delivery
- It is without prepayment penalties
- Fixed interest rates
- The online application is simple and fast
- Long Loan Terms
- Low Credit Score
- Soft Pull
- High minimum APR
- There’s Origination Fee and other fee
- There’s no mobile app to manage the loan
How Does Lending Club Work?
LendingClub select potential borrowers and services the loans when they are approved. The investors decide whether to lend the money or not.
The decision is determined by LendingClub grade, income data, given to all approved borrowers. The data also helps the investors to the interest rate given to the borrower.
The annual percentage rate of LendingClub is within 8.05% – 36.00%. The origination fee is 1% to 6%, which is taken off from the top of the loan.
When the loan is approved, the loan will arrive in the bank account given within 2 working days. And there’s a monthly repayment that stretches over 3-5 years.
LendingClub loans is best for borrowers with good to excellent credit score. Hence, borrowers with bad credit score may want to look elsewhere.
HOW DOES MYINSTANTOFFER WORK?
This is a popular question. The The MyInstant Offer Code promotional offer is available to legal residents in U.S and who is above the age of 18.
Note that, every loan made through the Myinstantoffer promotional letter are issued directly by WebBank. If you want to apply for the promo code, you have to go to the MYINSTANTOFFER website, give the RSVP code from the offer you applied.
The RSVP code is 12 digits long, has both numbers and letters.
Besides the phone, you can also apply over the phone, call the toll-free 855-363-4151 to begin the process.
Glance at LendingClub
Loan Amount: $1,000 – $40,000
Loan term: 3 to 5 years
APR from: 8.05% – 36.00%
Funds available in: within 2 working days
Origination: 1% to 6%
Late fee: 5% of payment or $15 after 15-day grace period.
Minimum credit score: 600
To Qualify for a LendingClub personal loan
For you to be eligible to apply for loan, you have to meetup the following:
- You have to be 18 years of age or more
- Must reside permanently in the United State, be a citizen, or have a long-term visa
- Have to live in one of the
- You need a bank account 50 U.S. states or Washington D.C.
- Be Co-signers and co-borrowers
- Have a minimum credit score of 600
The company determines the following factors:
- Loan amount.
- Credit score and history
- Debt-to-income ratio
- The amount owes to other creditors
Before you apply, make sure you do the following:
- Calculate your monthly payments
- Check your credit
- Have a plan to pay back the loan
- Ensure you have the necessary documents
Other Personal Loans Options
- Discover Personal Loan
- Prosper: You need at least 640 to apply
- SoFi: You need a credit score of 660 to apply
You can apply for your promo code via the MYINSTANTOFFER website or over the phone at toll-free 855-363-4151.
If you have any question concerning the application process or how to get your RSVP code, you can contact toll-free 1-888-596-3157 for help. The line is available Monday to Friday, from 8AM- 7PM PT.
Frequently Asked Questions
Is the LendingClub legitimate?
Yes, LendingClub is legitimate and some people have gotten a good 6.5% ROI over the last 10 years investing on the platform.
How do I log into my LendingClub account?
If you want to login into a Lending Club account, simply go to www.lendingclub.com and select the login tab.
How do I check my LendingClub balance?
If you want to check your Lending Club balance, first login to your account and select the Account Summary page.
How do I contact LendingClub by phone?
You can reach LendingClub online and over the phone at 844-227-5011.