LendingPoint vs LendPromise

Welcome to the LendingPoint app, a comprehensive mobile application created to empower individuals in effectively managing their finances. By utilizing the app's capabilities, users can pave the way toward financial well-being and confidently achieve their long-term financial goals. Whether you're interested in checking rates for a personal loan or already have a loan with LendingPoint, the app covers you. Experience a hassle-free way to manage your account, make payments, and update your personal information all in one place. The LendingPoint app is designed to be your comprehensive solution for all your financial needs. Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. Loan approval is not guaranteed. Actual loan offers and loan amounts, terms, and annual percentage rates ("APR") may vary based upon LendingPoint's proprietary scoring and underwriting system's review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees up to 10% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $1,000 to $50,000, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $2,000. For a well-qualified customer, a requested loan of $10,000 by LendingPoint over a period of 48 months that has an APR of 24.99% with an origination fee of 10% may have a payment of $331.52 per month. (Actual terms and rate depend on credit history, income, and other factors.) Customers may have the option to deduct the origination fee from the disbursed loan amount if desired. If the origination fee is added to the financed amount, interest is charged on the full principal amount. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.

LendPromise is the friendly way to lend and borrow money with the people you trust — friends, family, roommates — without the awkwardness or the "did you ever pay me back?" guesswork. Track every loan and IOU in one place, formalize it with a real signed promissory note, split shared expenses, and let LendPromise handle the reminders, so you don't have to. WHY LENDPROMISE • Keep money from straining relationships. Everyone sees the same clear record of who owes what. • Turn a casual "I'll pay you back" into something real — a promissory note both people sign. • Stop being the bad guy. Automatic, polite reminders chase the payment for you. TRACK LOANS & IOUS • Record loans between friends and family with amounts, dates, and notes. • See your running balance with each person at a glance — who owes you, and who you owe. • Mark payments as you go and watch the outstanding balance update in real time. REAL PROMISSORY NOTES • Create a promissory note for a loan and have both parties sign it electronically. • Set repayment terms — one-time, monthly, or recurring on a chosen day. SPLIT EXPENSES • Split a bill, a group trip, or shared household costs fairly. • Snap a photo of a receipt and let LendPromise read the total for you. • Settle up cleanly when it's time — only the person who's owed can close it out. STAY ON TRACK • Push reminders for upcoming and missed payments. • A clear history of every transaction between you and each contact. • Export your records anytime. PRIVATE BY DESIGN • No ads. No selling your data. No cross-app tracking. • Your financial records are yours — we never share them for advertising or marketing. Whether it's a few dollars for lunch or a serious loan with a signed agreement, LendPromise keeps it organized, fair, and friendly. Questions? Reach us at support@lendpromise.com.