Virginia Commonwealth Bank
 
 

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Lending Club

Virginia Commonwealth Bank has partnered with Lending Club, a trusted credit
marketplace, to provide customers a lower-cost alternative to a traditional
personal loan.

Lending Club is the America’s largest online credit marketplace.1 They use technology to operate a credit marketplace at a lower cost than traditional bank loan programs, passing the savings on to borrowers with lower rates. Hundreds of thousands of customers have used a personal loan to help eliminate their high interest debt, kick-off a home improvement project or make a major purchase. Learn why more borrowers everyday are choosing a loan through Lending Club.

checkFast and easy application
Apply online in just minutes, with no impact to your credit score. You can instantly review the loan offers that you qualify for and then complete your application all online!

checkFixed and affordable rates
With monthly installment payments, the amount you pay will never increase.

checkPrepay and save
You can prepay your loan at any time to eliminate future interest payments. There's never a prepayment penalty or fee.

checkSingle, convenient monthly payment
Loan payments are automatically scheduled each month. No more remembering to pay multiple credit card bills. 2

checkA+ rating with the Better Business Bureau

 

Apply for Lending Club

Click here to check out rates and apply today!

FREQUENTLY ASKED QUESTIONS

I got a letter in the mail promoting Lending Club. What is Lending Club?

VCB has partnered with Lending Club, a trusted credit marketplace, to provide its customers a lower-cost alternative to a traditional personal loan. Lending Club is the America’s leading online marketplace for connecting borrowers and investors. They are transforming the banking industry to make it more transparent, efficient, and customer-friendly.

How do I get a loan from the direct mail offer?

Applying for a loan through Lending Club is fast, easy, and confidential.

1. Visit http://myinstantoffer.com/vcb
2. Enter your Pre-approval Code, it can be found in the left hand corner of your pre-approval letter
3. Enter the information requested. Remember, you can check your rate in just minutes with no impact to your credit score
4. You'll receive multiple loan offers, select the one you like best
5. Complete the online application form and verification process
6. Investors commit to backing your loan
7. Celebrate when your loan proceeds are automatically deposited into your bank account!

Who will service my loan if I borrow through this program? Who can answer my questions?

Lending Club will service your loan, therefore, you would manage your account through their website and contact them directly with any questions. VCB Bank has arranged a dedicated Lending Club customer service desk for our customers. If you have questions, please contact this special customer service team at 1-844-816-3921. 3

Can I make a payment on the loan at any VCB branch?

No, all payments must be made directly through Lending Club. Once you are a Lending Club customer, payments are automatically deducted from your bank account, and you’ll receive an email reminder a few days beforehand so you can make sure the money is there. You also have the option of opting out of automatic payment and paying by check if you prefer.

 

1 All loans made by WebBank, Member FDIC.
2 Borrowers have the option of opting out of automatic payments. Other payment methods are available.
3 All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history.