Question: How Many Loans Can I Have With Lending Club?

You can have up to two active personal loans through LendingClub at the same time.

The combined maximum outstanding loan amount cannot exceed $50,000.

How much can you borrow from lending club?

Eligible borrowers can have up to two loans outstanding from the lender for up to $50,000 total.

Is it safe to get a loan from Lending Club?

LendingClub loans are generally pursued by borrowers with good-to-excellent credit (scores average 700) and a low debt-to-income ratio (the average is 12%). Borrowers can file a joint application, which could lead to a larger loan line because of multiple incomes.

What is the lending club scandal?

LendingClub was founded in 2007 and is a peer-to-peer lender; consumers can take out loans of up to $40,000 (£27,654), supplied by a third party, that are then packaged up and sold to institutional investors who want to receive the stream of interest payments in return.