We look at several factors to see if you qualify for another loan, and we’ll notify you in your account when you're eligible. To help make sure debt remains manageable for members, there are some criteria we ask you to meet before being eligible for another loan:
- You can have up to two active personal loans through LendingClub at the same time.
- The combined maximum outstanding loan amount cannot exceed $40,000.
- You must make 3–12 months of consecutive on-time payments on your existing loan through LendingClub, depending on several factors, including the outstanding balance of the loan and the length of your loan.
You can check your rate at any time to see what you qualify for. Make sure you sign out of your existing account first, and then click here to check your rate.