If your loan application is approved, you’ll be sent an official offer, which you do not have to accept. If you do accept the loan and change your mind, there is often an option to cancel it, but that depends on who funded the loan. If you receive a loan through LendingClub Bank, you have five calendar days to change your mind. If you do want to cancel, make sure you keep all the money in your account—we'll try to withdraw it within 5–7 business days.