Although LendingPoint’s credit requirements are more lenient than some other lenders, its APR may be higher. If you’re looking for a personal loan, it’s worth shopping around for the best rate. Here’s how LendingPoint compares to some of its competitors.

LendingPoint vs. SoFi

If you’re looking to borrow a large sum, you might appreciate that SoFi funds personal loans of up to $100,000. It also offers competitive APRs, but its credit score requirement is higher than LendingPoint at 650. If you cannot meet this requirement on your own, you can increase your chances by applying with a co-borrower, an option that LendingPoint does not offer. right now.

Related: SoFi Personal Loans Review.

LendingPoint vs. Forward

Avant offers a personal loan product similar to LendingPoint, with unsecured loan amounts ranging from $2,000 to $35,000 and comparative APRs. Plus, it accepts credit scores as low as 580. Like LendingPoint, Avant lets you choose loan terms between 24 and 60 months. Since Avant offers similar terms to LendingPoint, it may be worth checking your rates with both lenders to see which, if any, gives you a better deal.

Related: Personal Loans Review Before

LendingPoint vs Upgrade

While LendingPoint requires you to borrow at least $2,000, Upgrade offers personal loans starting at $1,000, making it a better option if you’re looking for a small personal loan. The upgrade also has a higher maximum borrowing limit of $50,000, compared to LendingPoint’s $36,500. The upgrade has a lower credit score requirement of 560 with APRs starting around 6%. Similar to LendingPoint, Upgrade lets you prequalify online with a soft credit check.

Related: Personal Loans Review Upgrade

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