Eligibility Requirements:
- Must be at least 18 years old
- Be a U.S. resident (not available in Nevada or West Virginia)
- Have a valid government-issued ID
- Have a Social Security number
- Minimum annual income of $35,000
- Have a personal checking account in your name
Loan Application Steps:
- Visit lendingpoint.com
- Click “Check My Rate” — no impact on your credit score
- Fill in your personal and income information
- Upload required documents
- Review and sign your loan agreement electronically
- Receive your funds via ACH as early as the next business day
Frequently Asked Questions
How long does it take to get approved for a LendingPoint loan?
Most applicants receive a decision within minutes, and funding can happen the next business day.
Is it required to explain why the credit is being used?
You’ll choose a loan purpose, but no detailed explanation is necessary.
Do I need a good credit score to get approved?
No. LendingPoint is designed for borrowers with fair credit starting at 600.
Can I apply if I am self-employed?
Yes. You just need to provide proof of income such as bank statements or tax returns.