No, checking your rate and applying for a loan through LendingClub won’t affect your credit score. It generates a soft credit inquiry to provide insight into your creditworthiness. This is visible only to you, not to creditors or others who see your credit report. If you receive a loan through LendingClub, then a hard credit inquiry that may affect your credit score will appear on your credit report.
Keep in mind that new loans are factored in your credit score. Over time, they can help you improve your credit by showing you can make on-time monthly payments.
If we’re unable to offer you access to a loan, your credit score will not be impacted. You’ll be able to see the soft credit inquiries, but these won’t be visible to creditors or other users of your credit report. Learn more about the factors that make up your credit score.