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Loans Like LendingPoint

Compare companies like LendingPoint that offer larger loan amounts, better rates and other perks.

LendingPoint is an online lender that specializes in personal loans up to $36,500 for borrowers with fair credit. It offers rates starting at 7.99% with terms up to 60 months, and you could receive funding as soon as the next business day. And after six months, you may be eligible to refinance your loan at a lower rate.

However, its maximum loan amount is smaller than some competitors and you might find lower rates by shopping around. It also charges origination fees of up to 10%, and its $35,000 annual income requirement may be too high for some borrowers. If this lender doesn’t fit your needs, consider our list of companies like LendingPoint that may offer higher loan amounts, better rates or other advantages.

Our top 6 sites like LendingPoint

These online providers accept fair credit scores and may offer a wide range of loan amounts or lower rates and fees than LendingPoint.

Alternative for low income requirements

Upstart personal loans

4.2 / 5 ★★★★★

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Upstart has lower income requirements than LendingPoint, accepting borrowers who make only $12,000 a year. And it specializes in funding borrowers who are just building their credit, with scores as low as 300. Plus, it considers education and career during the underwriting process. Its rates start at 7.4%, which is slightly lower than LendingPoint. But its origination fees can run as high as 12%, and it only offers two loan terms.

  • Not available in: Connecticut, Iowa, Maine, Maryland, Nevada, New York, Oklahoma, Oregon, West Virginia
Pros
  • Accepts low credit scores
  • Considers career and education
  • Starting rate of 7.4%
Cons
  • Origination fee up to 12%
  • Rates up to 35.99%
  • Only offers two loan terms
Loan amount$1,000 to $50,000
APR7.40% to 35.99%
Interest Rate TypeFixed
Min. credit score300
Turnaround TimeAs soon as the same day
Maximum Loan Term5 years
Minimum Loan Term3 years

Alternative for lower rates

LightStream personal loans

4.8 / 5 ★★★★★

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Lightstream offers rates starting at 6.94% — lower than LendingPoint's lowest rate — and it maxes out at 25.29%, which is more than 10 points lower than LendingPoint's highest rate. It also offers larger loans, with amounts up to $100,000. Plus, it doesn't charge origination fees. But you'll need good to excellent credit, you can't prequalify to check your rate and its smallest loan amount is on the high side at $5,000.

  • Not available in: Iowa, West Virginia
*Payment example: Monthly payments for a $10,000 loan at 5.95% APR with a term of 3 years would result in 36 monthly payments of $303.99.

Truist Bank is an Equal Housing Lender. © 2020 Truist Financial Corporation. SunTrust, Truist, LightStream, the LightStream logo, and the SunTrust logo are service marks of Truist Financial Corporation. All other trademarks are the property of their respective owners. Lending services provided by Truist Bank.
Pros
  • Rates start at 6.94%
  • No origination fees
  • Loans up to $100,000
Cons
  • Requires good to excellent credit
  • Doesn't offer prequalification
  • High minimum loan amount
Loan amount$5,000 to $100,000
APR6.94% to 25.29%
Interest Rate TypeFixed
Min. credit scoreGood to excellent credit
Turnaround TimeAs soon as same day
Maximum Loan Term20 years
Minimum Loan Term2 years

Alternative for flexible payments

Upgrade personal loans

4 / 5 ★★★★★

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This online lender has more payment flexibility than many lenders, allowing you to change your payment due date or even reduce your payment in times of hardship. It accepts borrowers with below-average credit, making it a good option for people with a negative mark on their credit report but otherwise healthy personal finances. But its rates start at 7.99%, which is higher than LendingPoint's lowest rate. And its origination fees run from 1.85% to 9.99%.https://www.finder.com/wp-admin/post.php?post=989640&action=edit#

  • Not available in: Colorado, Iowa, Maryland, Vermont, West Virginia

Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.99%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early. Personal loans issued by Upgrade's bank partners. Information on Upgrade's bank partners can be found at https://www.upgrade.com/bank-partners/.

Pros
  • Payment flexibility
  • Accepts fair credit scores
  • Offers multiple rate discounts
Cons
  • Charges origination fees
  • Lowest rates start at 7.99%
Loan amount$1,000 to $50,000
APR7.99% to 35.99%
Interest Rate TypeFixed
Min. credit score580
Turnaround Time1 to 4 business days
Maximum Loan Term7 years
Minimum Loan Term2 years

Alternative for bad credit

OneMain Financial personal loans

3.4 / 5 ★★★★★

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If you can't meet LendingPoint's requirements, OneMain could be a better option. This lender is one of the few personal loan providers that works with all credit types. It also offers the option to back your loan with collateral or add a cosigner to help you qualify for lower rates. But avoid OneMain if you can qualify with a fair credit lender. Its rates are high for a personal loan, ranging from 18% to 35.99%, including an origination fee of up to 10%.

  • Not available in: Alaska, Arkansas, Connecticut, Massachusetts, Rhode Island, Vermont
* OneMain Disclosures:

Not all applicants will be approved. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). If approved, not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your state of residence and your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APRs are generally higher on loans not secured by a vehicle. Highly-qualified applicants may be offered higher loan amounts and/or lower APRs than those shown above. OneMain charges origination fees where allowed by law. Depending on the state where you open your loan, the origination fee may be either a flat amount or a percentage of your loan amount. Flat fee amounts vary by state, ranging from $25 to $500. Percentage-based fees vary by state ranging from 1% to 10% of your loan amount subject to certain state limits on the fee amount. Visit omf.com/loanfees for more information. Loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university or vocational expense; for any business or commercial purpose; to purchase cryptocurrency assets, securities, derivatives or other speculative investments; or for gambling or illegal purposes.

Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. North Dakota: $2,000. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: North Carolina: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

Example Loan: A $6,000 loan with a 24.99% APR that is repayable in 60 monthly installments would have monthly payments of $176.07.

Time to Fund Loans: Funding within one hour after closing through SpeedFunds must be disbursed to a bank-issued debit card. Disbursement by check or ACH may take up to 1-2 business days after loan closing.
Pros
  • Works with all credit types
  • Secured and unsecured loans
  • Accepts cosigners
Cons
  • High starting APR of 18%
  • Origination fee up to 10%
  • May require collateral
Loan amount$1,500 to $20,000
APR18% to 35.99%
Interest Rate TypeFixed
Min. credit scoreNot specified
Turnaround TimeAs soon as one hour
Maximum Loan Term5 years
Minimum Loan Term2 years

Alternative for comparing options

LendingTree personal loans

4.6 / 5 ★★★★★

Rather than doing all the legwork yourself, consider a loan marketplace like LendingTree. With one simple application, LendingTree connects you with up to five loan offers to compare. And rates start as low as 5.99%, which is likely the best personal loan rate you can find. Plus, LendingTree is also a good source if you're looking for a business loan, mortgage or even car insurance. But you'll need good credit to qualify for the best rates, some lenders may charge origination fees and loan marketplaces can open you up to excessive solicitation efforts.

  • Available in all states
Pros
  • Compare multiple lenders with one application
  • Rates start at 5.99%
  • Fast funding
Cons
  • Rates as high as 35.99%
  • May charge origination fees
  • Could result in excessive solicitation
Loan amount$1,000 to $50,000
APRStarting at 5.99%
Interest Rate TypeVariable
Min. credit scoreGood to excellent credit
Turnaround TimeIf you apply during work hours on a business day, you can get access to approved funds within 24 hours.
Maximum Loan Term10 years
Minimum Loan Term1 year

Alternative for debt consolidation

LendingClub personal loans

3.6 / 5 ★★★★★

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LendingClub used to be a peer-to-peer lending platform, but now it's a bank offering loans with rates starting at 6.34% — much lower than LendingPoint. And it accepts borrowers with average or fair credit scores. LendingClub is a good choice if you're looking to consolidate debts. It offers better rates for debt paydown loans than cash loans and pays creditors on your behalf. It also accepts coapplicants if you can't qualify for a good rate on your own. But it charges origination fees of up to 8%, has shorter loan terms than LendingPoint and its maximum loan amount is lower than some of its competitors.

  • Available in all states
Pros
  • Rates start at 6.34%
  • Accepts fair credit
  • Coapplicants accepted
Cons
  • Charges origination fees up to 40%
  • Relatively short loan terms
  • Lower maximum loan amount than some competitors
Loan amount$1,000 to $40,000
APR6.34% to 35.99%
Interest Rate TypeFixed
Min. credit score600
Turnaround TimeAs soon as 24 hours after approval
Maximum Loan Term5 years
Minimum Loan Term2 years

How does LendingPoint compare?

LendingPoint is known for accepting fair credit scores and considering multiple factors when determining loan approval. It also offers rates starting at 7.99%v, which is more competitive than some lenders on this list. However, it has an origination fee of up to 10% and rates as high as 35.99%. Plus, it has a higher income requirement than some lenders, making it out of reach for some borrowers.

Pros

  • Rates start at 7.99%
  • Accepts fair credit
  • Potential for refinancing at a lower rate

Cons

  • Charges origination fees
  • High annual salary requirement
  • Doesn’t accept cosigners
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To make sure you get accurate and helpful information, this guide has been edited by Megan B. Shepherd as part of our fact-checking process.
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Written by

Writer

Lacey Stark is a freelance personal finance writer for Finder, specializing in banking, loans, investing, estate planning, and more. She has 20 years of experience writing and editing for magazines, newspapers, and online publications. A word nerd from childhood, Lacey officially got her start reporting on live sporting events and moved on to cover topics such as construction, technology, and travel before finding her niche in personal finance. Originally from New England, she received her bachelor’s degree from the University of Denver and completed a postgraduate journalism program at Metropolitan State University also in Denver. She currently lives in Chicagoland with her dog Chunk and likes to read and play golf. See full bio

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