If you’re eligible for an additional loan, we’ll usually let you know in an email or in your online account summary. If you haven’t received an invitation but want to see if you’re eligible, you’re always welcome to check your rate—it’s a soft inquiry that won’t affect your credit.
There’s no limit to the number of loans you can apply for, but your total borrowed amount between all loans can’t be more than $50,000. And keep in mind: currently, we can’t consolidate or refinance multiple LendingClub loans.
Understanding eligibility
Curious about what can affect your eligibility? These are some of the main factors we look at for additional loans:
- Outstanding balance and length of your current loans
- Payment history with LendingClub
- Account standing
It’s important to us that our members’ debts stay manageable. If you aren’t eligible for another loan just yet, work on paying down your existing loan consistently and on time.
Related articles
How long does it take to get a loan?