Choose your offer
If your loan request is approved, confirm the loan amount, interest rate, APR, monthly payment, and loan term if you want to move forward.
Accept your loan terms
You'll get a Truth in Lending Disclosure that outlines the total amount you're borrowing, your finance changes, and the origination fee. If we need any other documents or information, we'll let you know in your To-Do List.
Get funded
Once approved, we’ll refinance your existing loan and send the extra cash straight to your bank account. Your previous loan will be paid off, and your credit bureau record will show it as successfully paid and closed in about 30 days.
Maintain your credit
A TopUp™ loan could positively impact your credit down the road if you can show a history of on-time payments and a reduction in overall debt.
These other situations may apply based on individual circumstances:
If you have a current payment due, you should continue to make payments on your existing loan until your new TopUp loan is issued.
If you’ve made any loan payments since accepting your offer, we’ll refund those payments.
If you owe any late fees or outstanding payments on your previous loan, we’ll subtract that amount from your TopUp cash to cover the difference.
We’ll refund the payment back to you using the payment method for your existing personal loan. For example, if you’ve been paying by electronic withdrawals from your bank account, LendingClub will then electronically deposit any refunds owed to you.
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