Information We Collect
LendLeap operates an app-first personal loan discovery platform. To provide instant pre-qualification rate estimates, we collect minimal and necessary information:
- Inquiry Information: Desired loan amount ($1,000 – $50,000), preferred term length (12 to 60 months), and primary loan purpose (e.g., debt consolidation, home improvement, unexpected expenses).
- Self-Reported Credit Band: Estimated credit profile used solely to filter eligible APR tiers.
- Device & Telemetry: Operating system, browser capabilities, and connection speed metrics to ensure responsive, secure rate-checking.
How We Use Inquiry Data
Your submitted data is processed strictly to compute monthly payment comparisons and display eligible fixed-rate personal loan offers:
- To calculate estimated APRs and fixed monthly payment schedules.
- To securely present pre-qualified lending opportunities when requested.
- To verify fraud prevention safeguards and maintain compliance audit trails.
Soft Inquiries & Credit Score Protection
Checking your rate on LendLeap uses soft credit inquiries. Soft inquiries are only visible to you on personal credit reports and have zero negative impact on your credit score.
A hard credit pull only occurs if you explicitly decide to proceed with a formal loan application directly with an independent participating lending partner.
Communications & Alerts
When you subscribe for loan rate drop alerts or personalized offer updates:
- You receive only relevant financial rate updates and product announcements.
- We never sell or distribute contact data to unsolicited third-party telemarketers.
- You can unsubscribe instantly at any time via the 1-click link in every email.
Your Privacy Rights (GDPR & CCPA)
Regardless of your residency, LendLeap guarantees comprehensive data sovereignty:
- Right of Access: Request a complete breakdown of any stored session identifiers.
- Right of Erasure: Request permanent removal of all submitted rate-check inquiries.
- Right to Restrict: Opt out of non-essential analytics and tracking.
Data Retention & Contact
Inquiry records are encrypted with 256-bit AES encryption and purged regularly after 90 days. For data requests or privacy inquiries, contact: