In order to qualify for a LendingPoint loan, you need a minimum income of $25,000 per year. This can be from employment, retirement or another source. While you can receive a loan offer in seconds, once you select a preferred loan option, LendingPoint does require additional documentation and information, including proof of employment and income. Compared to similar lenders, the Lending Point minimum score is average. For instance, Lending Club required score is 600
while Upgrade minimum score is 620
.