Logo

How Do I Cancel My Loan Application?

less than a minute read

If you want to cancel your application, please call us immediately. Once a loan is funded, you have a limited time frame to cancel your application, depending on your loan type.

If you decide to cancel, make sure you keep all the money in your account. We'll try to withdraw it within 5–7 business days.

How to cancel a personal loan or line-of-credit application

For personal loans and lines of credit, call us at 844-557-2551, Monday through Friday from 5 am – 5 pm Pacific Time. You’ll need to call us within 5 calendar days of when the loan was funded to cancel.

If you want to cancel a balance transfer loan, you’ll be responsible for having the funds in your account within 30 days from the day your loan is issued. We can't retrieve funds from your creditors, so you may need to contact them to collect those funds. We’ll try withdrawing the full amount from your account, including the funds sent to your creditors, as soon as you let us know it’s available. If the full amount hasn’t been retrieved after 30 days, you’ll be responsible for repaying the loan, any fees, and interest. To find out more, review the Borrower Agreement.

How to cancel an auto refinance loan application

For auto refinance loans, call us at 888-845-0010, Monday through Friday from 6 am – 5 pm Pacific Time. If we've already sent funds to your previous lender, you'll have 10 calendar days from the day you call us to return the funds.

How to cancel a LendingClub Patient Solutions loan application

For LendingClub Patient Solutions loans, call us at 800-630-1663, Monday through Friday from 6 am – 5 pm Pacific Time.

You must refund the full loan amount within 30 days of funding to have us waive your interest. Partial refunds or refunds after 30 days may be subject to an interest payment. Please note that refunds are only allowed if no services have already been performed.

Keep more of what you earn and earn more on what you save.
Check your rate. It won’t impact your credit score.
Privacy & Security

LendingClub Resources

Related Resource Center
Find a loan that not only meets your needs, but one you have a good chance of qualifying for.
Apr 17, 2024
6 min read
Personal Loan Eligibility Criteria You Need to Know Before You Apply
Want to consolidate high-interest debt, renovate your home, or manage an unexpected expense? A personal loan could help.
Sep 25, 2023
7 min read
Top 4 Reasons to Get a Personal Loan
Home repair costs have increased. Knowing upfront what you can expect to pay for certain types of improvements can help you prepare financially and save you a lot of stress.
Aug 28, 2023
8 min read
knowing common home repair costs can help you prepare for the future
It's common to see the buy now, pay later payment option at online checkout — but should you use it? Learn what BNPL is, how it works, and alternatives for borrowing money.
Aug 22, 2023
5 min read
Woman's hands on keyboard of laptop displaying image of shopping cart and buy now, pay later text
Anytime the Federal Reserve decides to raise interest rates, it typically creates a ripple-effect throughout the economy. We take a look at some of the ways rising rates influence how you borrow and spend, and the impact rising rates can have on variable rate debt you may be carrying.
Jul 17, 2023
7 min read
Torso of woman wearing pink sweater sitting at paper-strewn desk with phone in hand and using calculator.
Related Impact
From groceries and diapers to Halloween costumes for pets, nearly 60% of American consumers prefer to shop online for everyday items that make life more convenient, comfortable, and enjoyable. And with rising prices showing no signs of stopping anytime soon, we’re pleased to introduce StackitTM from LendingClub Bank—a new browser extension that automatically finds and rewards eligible members with coupons and cash back for extra savings at more than 15,000 favorite online retailers.
Nov 13, 2022
2 min read
blog header stackit 765x430 v1-1
Even in today’s low-yield, high-inflation environment, it’s essential to keep a certain amount of money in an easy-to-access checking or savings account for things like daily household and emergency expenses, or to meet short-term financial goals.
Oct 2, 2022
5 min read
LendingClub Rewards Checking Nationally Certified as Trusted, Afforda
Since 2007, LendingClub has been on a mission to deliver a world-class experience to all our members. This month we took a moment to reflect on the more than four million members who have chosen LendingClub as their partner to help them reach their financial goals.
Apr 19, 2022
2 min read
Illustration of large number 4 and letter M made up of colorful, tiny illustrations of ethnically diverse people
In March 2022, we hosted our first quarterly webinar where we celebrated our one-year anniversary as a digital marketplace bank. 
Mar 6, 2022
less than a minute read
Blog-post
LendingClub completed the acquisition of Radius Bank in February 2021. At that time, in addition to the direct-to-consumer deposit business, we inherited a fintech partner program, and several lending businesses. As we reach the one-year anniversary of the acquisition, and in conjunction with the conclusion of a strategic review of our business operations, we have made the decision to discontinue certain businesses that don’t fit our mission.  
Jan 2, 2022
2 min read
Man in blue button up shirt and glasses smiling
Related FAQ's
The whole application, approval, and funding process can take as little as a week. Even if it takes a little longer, we’ll keep you informed every step of the.
Jun 7, 2023
2 min read
Applying for a lending product is fast, easy, and confidential.
Jun 7, 2023
less than a minute read
If we’re not able to offer you a lending product, you're welcome to apply through one of our lending partners.
Jun 7, 2023
2 min read
There’s no limit to the number of accounts you can apply for, but your total borrowed amount between all loans can’t be more than $50,000
Jun 7, 2023
less than a minute read
We offer several ways for you to make your monthly auto loan payment, so you can choose the method that works best for you. A statement will be mailed to you every month that shows the payment amount and due date.
Nov 29, 2023
less than a minute read
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
Sep 6, 2023
4 min read
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment. 
Mar 21, 2023
4 min read
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
Mar 21, 2023
3 min read
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
Feb 7, 2023
3 min read
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
Feb 4, 2023
3 min read

Any reviews presented are individual experiences and results may vary. Reviews collected and authenticated by Bazaarvoice. All reviews can be accessed at https://www.lendingclub.com/company/reviews

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

"LendingClub" and the "LC" symbol are trademarks of LendingClub Bank.

© 2024 LendingClub Bank. All rights reserved.