Your maximum borrowing amount is based on your existing loan's balance and your individual credit profile. This could include factors like current outstanding debt, the types of debt you have, your repayment history, and your current income.
As you apply, LendingClub will keep you informed about your minimum and maximum borrowing amounts based on the criteria above so you know all the requirements before accepting your loan terms.
How much can I borrow?
Additional Before You Apply FAQ
Keep more of what you earn and earn more on what you save.
Check your rate. It won’t impact your credit score.2
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Related FAQ's
Yes, the TopUp™ loan requires a minimum extra cash amount for each new loan request.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
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