Lending Point Reviews

So what is Lending Point?

Many people are often unable to take out a Payday loan because their credit rating is too low to obtain it from traditional lenders. Lending Point deals with providing affordable safe loans for such people. This is a good and convenient option for those who do not meet the traditional demands of borrowers and banks. Lending Point does not refuse you due to poor credit rating. There are many other factors that affect obtaining a loan - a permanent job, benefits, pensions, and more. Thus, the Lending Point increases the chances of your loan approval.

How to get a loan at Lending Point?

Unlike traditional lenders, Lending Point doesn't have many requirements that you have to meet. In order to get a personal loan at Lending Point you need the following:

Steady job. Of course, every lender wants to make sure that you can repay the loan on time, and for that you need to provide proof of income. If you work at the same job for at least a year, it will be a great advantage for you in obtaining a loan.

Annual income. Lending Point does not require a large annual income from you to receive a loan, they just need to know that you have this income. Thus, the minimum annual income must be $ 20,000.

Recent credit history. For the lending point, it doesn't matter what problems with loan repayments you had earlier, it is important for them to see that you are now a reliable borrower. If your credit history is good over the past few months, you are most likely to get a loan.

Advantages of Lending Point

1. Possibility to get a loan with a bad credit history.

Lending Point is a great loan option for people with bad credit history. Lenders will provide you with a loan even if your credit score is not an example to follow. If your credit history improves during the year, then you have nothing to worry about. Of course, Lending Point will check your credit history to determine the interest rate, but this will not affect your credit rating. You can also compare lending rates before making a decision.

2.Loan amounts.

Working with Lending Point, you can choose the loan amount you need. Available loan amounts are from $ 2,000 to $ 25,000. Lenders will help you find the amount that is right for you.

3. Possibility of early repayment of the loan.

Many lenders charge a penalty for early repayment of the loan, but Landing Point allows you to decide when to pay off.

4. Instant approval and quick payout.

You do not need to wait long to find out if you are approved for a loan. Your application will be approved within a few minutes and you will receive your payment within one business day.

Material disclosure

APR Disclosure. Some states have laws limiting the Annual Percentage Rate (APR) that a lender can charge you. APRs for cash advance loans range from 200% and 1386%, APRs for installment loans range from 6.63% to 225%, and APRs for personal loans range from 4.99% to 450% and vary by lender. Loans from a state that has no limiting laws or loans from a bank not governed by state laws may have an even higher APR. The APR is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement. APR rates are subject to change.

Here's a quick example:

You borrow $1,000 with an APR of 3% over 3 years (assuming an annual APR calculation).
Year 1 interest: 1,000 x 0.03 = 30 and 30 + 1,000 = 1,030
Year 2 interest: 1,030 x 0.03 = 30.9 and 30.9 + 1,030 = 1061
Year 3 interest: 1,061 x 0.03 = 31.83 and 31.83 + 1,061 = 1,092.83 In total, you'll pay back $1,092.83 at the end of the finance period.

For peace of mind, and to ensure you know what you're going to pay, ask your lender exactly what fees are included in the APR figure they offer you.

Material Disclosure. The operator of this website is not a lender, loan broker or agent for any lender or loan broker. We are an advertising referral service to qualified participating lenders that may be able to provide amounts between $100 and $1,000 for cash advance loans, up to $5,000 for installment loans, and up to $35,000 for personal loans. Not all lenders can provide these amounts and there is no guarantee that you will be accepted by an independent, participating lender. This service does not constitute an offer or solicitation for loan products which are prohibited by any state law. This is not a solicitation for a particular loan and is not an offer to lend. We do not endorse or charge you for any service or product. Any compensation received is paid by participating lenders and only for advertising services provided. This service and offer are void where prohibited. We do not control and are not responsible for the actions of any lender. We do not have access to the full terms of your loan, including APR. For details, questions or concerns regarding your loan please contact your lender directly. Only your lender can provide you with information about your specific loan terms, their current rates and charges, renewal, payments and the implications for non-payment or skipped payments. The registration information submitted by you on this website will be shared with one or more participating lenders. You are under no obligation to use our service to initiate contact with a lender, register for credit or any loan product, or accept a loan from a participating lender. Cash transfer times and repayment terms vary between lenders. Repayment terms may be regulated by state and local laws. Some faxing may be required. Be sure to review our FAQs for additional information on issues such as credit and late payment implications. These disclosures are provided to you for information purposes only and should not be considered legal advice. Use of this service is subject to this site’s Terms of Use and Privacy Policy.

Exclusions. Residents of some states may not be eligible for some or all short-term, small-dollar loans. Residents of Arkansas, New York, Vermont and West Virginia are not eligible to use this website or service. The states serviced by this website may change from time to time, without notice.

Credit Implications. The operator of this website does not make any credit decisions. Independent, participating lenders that you might be connected with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing and/or credit capacity. By submitting your information, you agree to allow participating lenders to verify your information and check your credit. Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. The short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans. Late Payments of loans may result in additional fees or collection activities, or both. Each lender has their own terms and conditions, please review their policies for further information. Nonpayment of credit could result in collection activities. Each lender has their own terms and conditions, please review their policies for further information. Every lender has its own renewal policy, which may differ from lender to lender. Please review your lender’s renewal policy.

Lending Point Reviews

FREE APPLICATION FORM

We keep your personal information secured!

By submitting my information, I acknowledge I have read, understand, and agree to the terms of the Privacy Policy and the Terms of Use,I understand that by submitting my information, I may be contacted by telephone by one lender.