Can we talk about Upstart vs LendingClub for personal loans

I applied to both last month for a $5,000 consolidation loan. Upstart gave me 12.9% APR in like 10 minutes flat, no paperwork. LendingClub took 3 days and came back at 16.4% with a bunch of fees tacked on. The difference was night and day for speed and rates. Upstart uses AI to check your background, LendingClub felt old school with all their manual steps. Has anyone else seen similar gaps between these two lenders?

3 comments

3 Comments

cameron4265d agoMost Upvoted

16.4% plus fees? That's rough, sorry you had to sit through that.

luna_kim401mo ago

Oh man, same here, Upstart was way faster and cheaper for me too!

the_sean1mo ago

Happens everywhere - new tech usually beats the old school methods.

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