Fast funding for fair-credit borrowers — same-day or next-day in most cases.
Get started at LendingPoint, LLC (NMLS #1417583) → Pre-qualify (where available) with a soft credit pull — no score impact.
ClearValue Rating: 4.1 / 5 — our editorial assessment (how we rate)
Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
Fair-credit borrowers (580–660 FICO) who need funding quickly and have been declined by prime-credit lenders.
LendingPoint — Fast funding for fair-credit borrowers — same-day or next-day in most cases. Best for: Fair-credit borrowers (580–660 FICO) who need funding quickly and have been declined by prime-credit lenders.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
LendingPoint targets borrowers with 580+ FICO — a floor that is meaningfully below prime-credit lenders (which typically require 660+). The model evaluates employment stability and financial behavior patterns in addition to FICO, so some applicants below 600 FICO who have steady employment may qualify. The lowest advertised APRs require stronger credit profiles. Use the soft-pull pre-qualification at lendingpoint.com to see your estimated rate before a formal hard-inquiry application. Verify current eligibility requirements at lendingpoint.com, as underwriting criteria can change.
LendingPoint advertises same-day or next-business-day funding for most approved applicants. Speed depends on completing the application, uploading required income verification documents, and signing the loan agreement before the lender's daily cutoff. Bank processing time also affects when funds appear in your account. Not all approved applications receive same-day funding — verify the current funding timeline and conditions at lendingpoint.com.
No. ClearValue Lending is a small business funding platform — not a personal loan lender, broker, or financial advisor. This review presents publicly available editorial information about LendingPoint personal loans. Loan terms, APRs, fees, and eligibility are determined solely by LendingPoint, LLC (NMLS #1417583). Verify current terms at lendingpoint.com before applying.
LendingPoint's origination fee ranges from 0% to 10% depending on your credit profile, income, and state of residence. The fee is deducted from loan proceeds at funding — on a $10,000 loan with a 7% origination fee, you receive $9,300 but repay based on the $10,000 principal. This fee is factored into the disclosed APR under Truth in Lending Act (TILA/Regulation Z), so the APR captures the true all-in cost. When comparing LendingPoint to other lenders, compare APRs — not just interest rates — to account for origination fee differences.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
Scored consistently across every product and independent of any compensation. Full methodology →
See all picks, methodology, and side-by-side comparison in Best Personal Loans 2026.
Advertiser disclosure: some links are from our partners — we may earn a commission at no cost to you. Rankings and editorial assessments are independent of compensation.