We Accept Lending Club For Financing
It’s important to us at Ghina Morad, DMD that you don’t experience barriers to treatment due to financial or budgeting issues. Every patient should have access to quality dental care when they need it. That’s why we accept financing through Lending Club so patients can borrow the money needed for necessary treatment and pay it back.
Lending Club is a peer-to-peer lending company which means borrowers are paired with investors who are willing to fund their loan or loans. Since Lending Club is an online financing company, there are no physical branches, resulting in lower operating costs which is translated into lower interest rates for borrowers.
Patients can apply for a loan through Lending Club to pay for medical expenses such as dental treatments with ARPs as low as 4.99%. You can check if you’re eligible for a loan through Lending Club without impacting your credit score and if approved, you’ll receive the money within a week.
When you apply for an unsecured personal loan with Lending Club, the investors themselves decide if they’re willing to fund it. If you’re approved, you will be assigned a loan grade that rates the risk of your loan based on the information you provide about yourself, such as your credit score, length of credit history, what the loan is for, and your current income.
You will be given a letter and number grade from A 1-5 (low risk of defaulting on your loan) to G 1-5 (high risk of defaulting). The better your loan is graded, the lower your monthly interest rate will be.
You will also have multiple offers when you apply for a loan. You can select the best offer and apply for it. An investor will be sought by Lending Club to fund your loan and if they agree, you will receive the money in your bank account within 7 days and you will have a fixed monthly payment over a set term of the loan which will be automatically debited from your bank account each month.
Applying for a loan on Lending Club is easy! You can check your prequalification options without affecting your credit score before deciding to apply. The application is online and asks for the amount you would like to borrow, your income, credit information, as well as other personal contact information.
Lending Club will check your credit information without impacting your rating. To qualify for a loan, you need a minimum credit score of 600 and a credit history of at least 3 years as well as a low enough debt-to-income ratio. So stop putting off that root canal or extraction that you desperately need and look into your financing options with Lending Club Today!