Is lendingclub.com/check Legitimate?
Yes, lendingclub.com/check is an official direct mail portal for LendingClub Bank. Originally founded in 2007 as a peer-to-peer lender, LendingClub acquired Radius Bank in 2021 to become a full-fledged FDIC-insured national bank issuing personal loans up to $40,000.
When you enter your 12-digit reservation code at lendingclub.com/check, LendingClub pulls your prescreened rate options using a soft credit inquiry that does not affect your credit score.
Where to locate your 12-digit Reservation Code
On physical lendingclub.com/check mailers, your reservation code is typically a 12-digit numeric code located in two places:
- Inside the box on the top-right header of page 1 (labeled "Reservation Code" or "Offer Code").
- Directly above your name and address on the bottom detachable response voucher.
LendingClub Personal Loan Fine Print & Fee Table
| Feature | Advertised Term | Fine Print Details |
|---|---|---|
| Origination Fee | 3.00% to 8.00% | Deducted upfront before payout. If you accept a $20,000 loan with a 6% fee ($1,200), you receive $18,800 in cash while accruing interest on the full $20,000 balance. |
| Fixed APR | 8.98% to 35.99% | Rates depend on your credit profile, debt-to-income (DTI) ratio, and whether you select a 36-month or 60-month term. |
| Prepayment Penalty | $0 (None) | You can pay off the remaining balance at any time without extra fees, though upfront origination fees are non-refundable. |
Frequently Asked Questions
Does checking my rate at lendingclub.com/check affect my credit score?
No. Entering your reservation code at lendingclub.com/check performs a soft credit inquiry to display pre-approved rate offers. A hard credit inquiry is only recorded if you select an offer and submit the formal loan application.
Can LendingClub pay my creditors directly for debt consolidation?
Yes. LendingClub offers a direct balance payoff option where they send loan proceeds straight to up to 12 credit card issuers, which can simplify debt payoff and lower your rate.