Personal Loans
LendingTree
Disclaimer
Disclosure
As low as 2.49% APR
SEE OFFERS
SoFi
Lender Disclosure
5.99% To 20.69%* APR
SEE OFFERS
Marcus by Goldman Sachs®
Lender Disclosure
6.99% To 19.99% APR
SEE OFFERS
LightStream
Lender Disclosure
3.99% To 19.99%* APR
SEE OFFERS
Bonus Offers and Banks
- Best Savings Account Bonus Offers
- Best Checking Account Bonus Offers
- Best Online Banks
- Best Money Market Accounts
Checking and Savings Products
- Best Free Checking Accounts
- Best High-Yield Checking Accounts
- No-Overdraft-Fee Checking Accounts
- Best College Checking Accounts
- Best Savings Accounts for Kids
- Best Business Checking Accounts
- Best Business Savings Accounts
CD Rates and Terms
CircleBack Lending Review: Borrowing Option for Good to Excellent Credit Scores
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners.
Written By
Updated on Friday, November 3, 2017
Updated November 03, 2017
UPDATE: CircleBack lending is no longer accepting new loan applications. If you would like to shop for a personal loan, consider these two options:
LendingClub: Its APR ranges from 10.68% to 35.89%. Its origination fee is 2.00% - 6.00%. You can borrow up to $40,000. LendingClub is not available in Iowa or West Virginia.
APR
10.68%
To
35.89%
Credit Req.
Not specified
Terms
36 or 60
months
Origination Fee
2.00% - 6.00%
on LendingTree’s secure website
LendingClub is a great tool for borrowers that can offer competitive interest rates.... Read More
Upstart: Its APR range starts off at 8.27% APR and goes up to 35.99%. The origination fee varies from Up to 8.00%. You can borrow from $1,000 up to $50,000.
APR
8.27%
To
35.99%
Credit Req.
600
Minimum Credit Score
Terms
36 or 60
months
Origination Fee
Up to 8.00%
on LendingTree’s secure website
Upstart is an online lender created by ex-Googlers.... Read More
Otherwise, you can read about the best personal loans here.
Below we keep the original text of our review:
CircleBack Lending is an Internet-based consumer-lending platform for both borrowers and investors. Its goal is to provide consumers with good to excellent credit with a quick way to borrow money.
.jpg "CircleBack Lending")
The entire process of applying for a personal loan with CircleBack Lending* is done online. It aims to have a fast application and approval process, and next day funding is available when you submit all required documents by 10AM ET.
CircleBack Lending is positioned to be a better alternative for consumers with high interest credit card debt, but your debt doesn’t have to be linked to credit cards in order to receive a loan. It offers fixed rates as opposed to variable rates, so you don’t need to worry about the interest on your loan becoming unbearable.
Let’s take a look at what CircleBack Lending has to offer, and how it compares against other peer-to-peer lenders.
Credit Grade | 36 Month | 36 Month | 60 Month | 60 Month |
|---|---|---|---|---|
A - B | 5.96% - 11.42% | 6.63% - 12.82% | 12.44% - 19.82% | 12.88% - 20.78% |
C - D | 11.70% - 14.69% | 13.82% - 17.60% | 16.73% - 26.20% | 18.14% - 28.29% |
E - F | 14.88% - 18.58% | 18.54% - 22.00% | 20.13% - 32.37% | 22.60% - 35.18% |
G - H | 20.28% - 32.32% | 24.06% - 36.00% | 23.11% - 35.07% | 25.65% - 36.00% |
Pros to Borrowing from CircleBack Lending
If you have high interest credit card debt with a variable interest rate, CircleBack Lending may provide a better solution. You can apply to consolidate or refinance your existing debt, and you can often do so at a lower rate than you had before.
CircleBack Lending also claims it has a quick application and funding process, so if you need the funds within a week, you’ll be covered.
Who Can Benefit the Most from a CircleBack Lending Loan?
Its interest rates are unfortunately not very competitive, so you need to make sure you’ll be able to get a low enough APR to make applying worthwhile.
Fees and Gotchas
CircleBack Lending’s fees are standard when compared with other peer-to-peer lenders.
Depending on the credit grade you’re given, your loan origination fee will be anywhere from 0.99% to 4.99%.
If your payment is rejected or fails for any reason, you’ll be charged a $15 fee. CircleBack Lending specifies this fee will be incurred each time a payment fails (other lenders limit this to once per billing cycle).
If you’re late making a payment, on the 16th late date, you’ll be charged $15 or 5.00% of your monthly payment amount – whichever is greater.
Transparency Notes
CircleBack Lending has a minimalist website, especially compared to other personal loan providers. There isn’t much information on it at all. The company “About” page isn’t very helpful, there’s not much information on how the loan application works, and there’s little to nothing provided for investors interested in investing in its consumer loans. Its “Help” section is “coming soon,” and upon calling, no one was available to answer.
Shop Around for your Best Rates
With that said, it’s worth it to you as the borrower to shop around for your best rates. Applying with CircleBack Lending will not affect your credit – it’s a soft pull – so feel free to check other personal loan options including non-peer-to-peer lenders like SoFi*. See who can offer your best rates. You shouldn’t feel obligated to take the first offer.
APR
5.99%
To
20.69%*
Credit Req.
680
Minimum Credit Score
Terms
24 to 84
months
Origination Fee
No origination fee
SoFi offers some of the best rates and terms on the market. ... Read More
Fixed rates from 5.99% APR to 20.69% APR (with AutoPay). SoFi rate ranges are current as of January 19, 2021 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.
