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investmentProvider.investmentProvider.displayName LendingClub

Earn Solid Returns

Notes offered by prospectus filed with the SEC. This information should not be considered investment advice. Past performance is no guarantee of future results. Consider reviewing the prospectus with a financial advisor prior to investing. Information presented for illustrative purposes only and is not a report of actual performance of an identified portfolio of Notes.

With an investment at Lending Club you can:

  • Quickly and easily build a portfolio that fits your investment objectives
  • Diversify across hundreds or thousands of loans taken by quality borrowers
  • Receive monthly payments of principal and interest as borrowers repay their loans

A Financial Innovation.

Lending Club is the world's largest online marketplace connecting borrowers and investors. Since inception we have facilitated billions in loans to quality borrowers . We operate completely online and utilize technology to lower costs versus the traditional banking system. We pass the cost savings on to borrowers in the form of lower rates, and to investors in the form of solid returns. As with a mutual fund, our reputation rests on our track record of evaluating loans and accurately predicting performance.

Loan Grades: Risk and Reward

Lending Club assigns a grade (from A to G) to each loan based on the credit quality and underlying risk of the borrower.

The lowest interest rates are assigned to the least risky grades, which reflect the potentially lower loss rates (lower rate of charged off loans) and lower volatility in returns.2

Reward and Risk

Quality Borrowers.

Applications are approved based on stringent credit criteria designed to focus on the most creditworthy borrowers. As of December 31, 2014, the majority of our members use the loans to pay off high interest rate loans, most often credit card balances. The average interest rate on credit cards is over 17.17%.3

As of December 31, 2014, the average Lending Club borrower shows the following characteristics:

  • 700 FICO score
  • 17.2% debt-to-income ratio (excluding mortgage)
  • 15.9 years of credit history
  • $73,278 personal income (top 10% of US population)4
  • Average Loan Size: $14,292

Solid Returns.

Lending Club Notes have Historical Returns by Grade A-C of 4.91% to8.38%. 5 You can choose the grade or grades that fit your investment goals.To see the historical returns for all grades as well as other data, visit the Statistics page.

Monthly Cash Flow.

As borrowers make principal and interest payments each month, the funds are distributed to investors and are available for investors to reinvest or withdraw at any time. For example, if an investor made a $100,000 one time investment in 36-month, grade B Notes providing an aggregate 6.0% net annualized return, they would receive approximately $3,035 each month in cash payments to reinvest or withdraw.

Investor Fees

Lending Club uses its low operating costs to pass savings on to investors in the form of solid returns and low investing costs. There are no hidden fees or charges. Lending Club collects fees from investors when they receive payment proceeds, so our revenue from investors is tied directly to their cash flow.

Service Charge

Lending Club provides servicing for the loans facilitated through our platform. This includes maintaining investor accounts, collecting and processing principal and interest payments from borrowers, and distributing these payments net of fees to investors. Investors pay Lending Club a service fee equal to one percent (1%) of the amount of any payments received within 15 days of the payment due date. If a borrower misses a payment, investors do not pay a service fee.

 

Collection Fee

When borrowers miss payments and loans become late, Lending Club uses best practices from the banking industry to bring delinquent loans back to "current" status. Currently, Lending Club charges investors one of the following collection fees, which is deducted from any amount recovered:1) 18% of the amount recovered if the loan is 16 or more days late and no litigation is involved, or 2) 30% of hourly attorneys' fees, plus costs, if litigation is involved. Lending Club does not charge a collection fee if no payments are collected, and no collection fee will be charged in excess of the amount recovered.

Please note that Lending Club currently charges investors a reduced collection fee, which may be discontinued at any time. The normal collection fee is a percentage of the amount recovered: 30% if the loan is less than 60 days past due and was made to the borrower during the previous 90 days; 35% in all other cases, except litigation; 30% of hourly attorneys' fees in the event of litigation, plus costs.

Lending Club Notes are offered by prospectus filed with the SEC. Please consider the risks of investing.

Lending Club provides servicing for the loans facilitated through our platform. This includes maintaining investor accounts, collecting and processing principal and interest payments from borrowers, and distributing these payments net of fees to investors. Investors pay Lending Club a service fee equal to one percent (1%) of the amount of any payments received within 15 days of the payment due date. If a borrower misses a payment, investors do not pay a service fee.

 

Collection Fee

When borrowers miss payments and loans become late, Lending Club uses best practices from the banking industry to bring delinquent loans back to "current" status. Currently, Lending Club charges investors one of the following collection fees, which is deducted from any amount recovered:1) 18% of the amount recovered if the loan is 16 or more days late and no litigation is involved, or 2) 30% of hourly attorneys' fees, plus costs, if litigation is involved. Lending Club does not charge a collection fee if no payments are collected, and no collection fee will be charged in excess of the amount recovered.

Please note that Lending Club currently charges investors a reduced collection fee, which may be discontinued at any time. The normal collection fee is a percentage of the amount recovered: 30% if the loan is less than 60 days past due and was made to the borrower during the previous 90 days; 35% in all other cases, except litigation; 30% of hourly attorneys' fees in the event of litigation, plus costs.

Lending Club Notes are offered by prospectus filed with the SEC. Please consider the risks of investing.

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Facts

Reported Return
8.50%
High Risk Yield
9.00%
Medium Risk Yield
8.00%
Low Risk Yield
7.80%
Min. Deposit Amnt
$25.00
Total Loans Funded
6.21B
Average Service Fee
1.00%
Loan Terms
  • 12 Months
  • 24 Months
  • 36 Months
  • 48 Months
  • 60 Months

Company Information

Founded Year
2007
Website
https://www.lendingclub.com/
Phone
(800) 387-2331

Related News

  • LendingClub Reviews — Is the Company Legit? - Market Realist - Mon Aug 31 07:00:00 UTC 2020
  • Are LendingClub Loans Secured? - Market Realist - Mon Aug 31 07:00:00 UTC 2020
  • First LendingClub Will Lose Money, Then It Will Become A Bank, The Rest Is A Shot In The Dark - Seeking Alpha - Wed Aug 26 07:00:00 UTC 2020
  • California Federal Court Stays Trial Pending Supreme Court Ruling on Reach of Section 13(b) of FTC Act - Ad Law Access - Mon Aug 24 07:00:00 UTC 2020
  • Why It’s Harder to Get a Peer-To-Peer Loan Right Now - NextAdvisor - Tue Sep 22 04:08:51 UTC 2020
  • LendingClub Corporation - Consensus Indicates Potential 37.9% Upside - DirectorsTalk Interviews - Sun Sep 20 17:36:45 UTC 2020
  • Consumer and Corporate Debt Consolidation Market to Watch: Spotlight on Lending Club, Payoff, FreedomPlus - The Daily Chronicle - Tue Sep 22 06:38:08 UTC 2020
  • Online loans are holding up better than expected - American Banker - Tue Sep 08 07:00:00 UTC 2020
  • Here's Who Bank and Fintech Investors Need to Start Watching - Motley Fool - Fri Sep 11 10:18:00 UTC 2020
  • LendingClub Is Laying Off 460 Employees, Or 30% Of Staff - Forbes - Tue Apr 21 07:00:00 UTC 2020
  • P2P Lending Market Booming Segments; Investors Seeking Stunning Growth | LendingClub Corporation, Funding Circle Limited, Prosper Marketplace - Verdant News - Tue Sep 22 16:44:33 UTC 2020
  • Radius Bank Announces Partnership With Currencycloud to Allow Clients to Send Money to More Than 180 Countries - Crowdfund Insider - Mon Aug 24 07:00:00 UTC 2020
  • LendingClub buys Radius Bank for $185 million in first fintech takeover of a regulated US bank - CNBC - Tue Feb 18 08:00:00 UTC 2020
  • LendingClub: 11 Pct Of Personal Loans In 'Skip-a-Pay' Program - pymnts.com - Wed May 06 07:00:00 UTC 2020
  • Why LendingClub Corporation (LC)’s Most Recent Report Reveals Some Hints About Its Future - The News Heater - Tue Sep 22 10:27:00 UTC 2020
  • LendingClub Launches COVID-19 Focused Member Center to Help Members Regain Control of their Finances - PRNewswire - Thu May 28 07:00:00 UTC 2020
  • LendingClub Releases Q2 2020 Earnings - Lend Academy - Tue Aug 04 07:00:00 UTC 2020
  • Blended finance Market 2020 In-Depth Analysis of Industry Share, Size, Growth Outlook up to 2026 | Upstart, Funding Circle, Prosper Marketplace, LendingClub - The Daily Chronicle - Mon Sep 21 02:53:38 UTC 2020
  • What LendingClub and Radius saw in each other - American Banker - Thu Feb 20 08:00:00 UTC 2020
  • P2P Lending Market Impressive Gains including key players CircleBack Lending, Lending Club, Peerform - thedailychronicle.in - Fri Sep 11 07:00:00 UTC 2020
  • Who Has Been Buying LendingClub Corporation (NYSE:LC) Shares? - Simply Wall St - Mon Sep 14 15:17:37 UTC 2020
  • LendingClub reports greater platform resilience - Business Insider - Business Insider - Mon Jun 29 07:00:00 UTC 2020
  • LendingClub Reports Drop In Originations - pymnts.com - Tue Aug 04 07:00:00 UTC 2020
  • Review: LendingClub Personal Loans | The Ascent - Motley Fool - Wed Jan 29 22:05:11 UTC 2020
  • LendingClub reports challenging Q1 - Business Insider - Business Insider - Thu May 07 07:00:00 UTC 2020
  • Financial Technology (Fintech) Market MAY SEE A BIG MOVE | Lending Club, Prosper, Upstart, SoFi, OnDeck - reportedtimes.com - Wed Sep 16 08:17:00 UTC 2020
  • LendingClub Corp (NYSE:LC) Receives Consensus Rating of "Hold" from Analysts - MarketBeat - Wed Sep 16 07:00:00 UTC 2020
  • LendingClub CEO Scott Sanborn: We have been preparing for an adverse environment for the past several years - Crowdfund Insider - Wed Aug 19 07:00:00 UTC 2020
  • LendingClub Introduces Member Center With Personal Finance Resources - pymnts.com - Thu May 28 07:00:00 UTC 2020
  • LendingClub Lays Off 30% of Its Employees -- Including Its President - The Motley Fool - Wed Apr 22 07:00:00 UTC 2020
  • Why is LendingClub Corporation (LC) down -66.76% from the day 1 this year? - The InvestChronicle - Tue Sep 22 14:36:00 UTC 2020
  • LendingClub reinforces its cyber defenses - American Banker - Wed Apr 29 07:00:00 UTC 2020
  • LendingClub Corp (LC) Stock: Buy, Hold, or Sell? - InvestorsObserver - Tue Sep 22 15:48:44 UTC 2020
  • P2P Lending Market 2020 Analysis and Precise Outlook – CircleBack Lending, Lending Club, Peerform, Prosper, Upstart - Verdant News - Mon Sep 21 10:37:52 UTC 2020
  • Due to COVID-19, LendingClub Will No Longer Offer Grade D Loans - Crowdfund Insider - Thu Apr 09 07:00:00 UTC 2020
  • LendingClub and Morgan Stanley, A Tale of Two Bank Deals - pymnts.com - Mon Feb 24 08:00:00 UTC 2020
  • How LendingClub Wants to Make History - The Motley Fool - Thu Feb 27 08:00:00 UTC 2020
  • LendingClub Releases Q1 2020 Earnings, Anticipates Originations to fall 90% in Q2 - Lend Academy - Tue May 05 07:00:00 UTC 2020
  • LendingClub's Update to Borrowers and Investors Amid COVID-19 Pandemic - Lend Academy - Wed Apr 01 07:00:00 UTC 2020
  • SF tech hiring hit by strong crosswinds - San Francisco Business Times - San Francisco Business Times - Fri Sep 18 12:00:00 UTC 2020
  • COVID-19: LendingClub Increases Interest Rates for New Borrowers as Unemployment Rate Jumps - Crowdfund Insider - Mon Mar 30 07:00:00 UTC 2020
  • LendingClub-Radius deal faces high regulatory hurdles - American Banker - Wed Mar 04 08:00:00 UTC 2020
  • New LendingClub Account Performance – Q4 2019 - Lend Academy - Thu Feb 27 08:00:00 UTC 2020
  • LendingClub Lays Off 460 In Restructuring Plan - pymnts.com - Wed Apr 22 07:00:00 UTC 2020
  • Lending Club: Loan originations drop 90% during COVID-19 - AltFi - Thu Aug 06 07:00:00 UTC 2020
  • LendingClub Expands LCX Platform | News | wfmz.com - WFMZ Allentown - Tue Jun 30 07:00:00 UTC 2020
  • LendingClub Report: We are observing resilience on the platform - Crowdfund Insider - Thu Jun 25 07:00:00 UTC 2020
  • LendingClub Reports First Quarter 2020 Results - Yahoo Finance - Tue May 05 07:00:00 UTC 2020
  • Global Peer-to-peer Lending Market Expected to Reach highest CAGR: CircleBack Lending, Lending Club, Peerform, Prosper etc. - Verdant News - Tue Sep 22 08:13:18 UTC 2020
  • LendingClub fast-tracks launch of finance tool - bankinnovation.net - Thu May 28 07:00:00 UTC 2020
  • LendingClub (LC) Q1 2020 Earnings Call Transcript - The Motley Fool - Wed May 06 07:00:00 UTC 2020
  • LendingClub's Loan Originations Fell 90% in April - Motley Fool - Fri May 08 07:00:00 UTC 2020
  • Texas securities regulators fine LendingClub - San Antonio Express-News - Thu Apr 02 07:00:00 UTC 2020
  • LendingClub (LC) Q4 2019 Earnings Call Transcript - Motley Fool - Tue Feb 18 08:00:00 UTC 2020
  • Investors have doubts about LendingClub's acquisition of Radius Bank - Quartz - Thu Feb 20 08:00:00 UTC 2020
  • Global Debt Consolidation Market 2019-2025 Growth Analysis, technology Trends and Key Feature | COVID 19 Impact Analysis on Top Players: Marcus by Goldman Sachs (USA), OneMain Financial (USA), Discover Personal Loans (USA), Lending Club (USA), Payoff (USA) - The Daily Chronicle - Mon Sep 21 10:25:55 UTC 2020
  • LendingClub reports 90 per cent y-o-y drop in loan originations - P2P Finance News - Wed Aug 05 07:00:00 UTC 2020
  • LendingClub Reports Second Quarter 2020 Results - Yahoo Finance - Tue Aug 04 07:00:00 UTC 2020
  • LendingClub: Signs Of Desperation - Seeking Alpha - Tue Jun 02 07:00:00 UTC 2020
  • Why LendingClub’s Acquisition Of Radius Bank Is A Smart Deal - Forbes - Fri Feb 21 08:00:00 UTC 2020
  • LendingClub President: FICO's New Model Won't Save A Credit Scoring 'Dinosaur' - pymnts.com - Fri Jan 24 08:00:00 UTC 2020
  • Fintech Technologies Market MAY SEE A BIG MOVE | Stripe, YapStone, Braintree, Adyen, Lending Club - Reported Times - Wed Sep 16 08:02:00 UTC 2020
  • Some Investors Locked Out of Investing in LendingClub Loans - Lend Academy - Tue Sep 24 07:00:00 UTC 2019
  • LendingClub to Present at Morgan Stanley's Virtual U.S. Financials Conference - WFMZ Allentown - Tue Jun 09 07:00:00 UTC 2020
  • Limiting Credit: LendingClub Looks to Enhance Resiliency of Portfolio as Coronavirus Rattles Financial Markets - Crowdfund Insider - Mon Mar 16 07:00:00 UTC 2020
  • Podcast 237: Scott Sanborn of LendingClub - Lend Academy - Fri Mar 06 08:00:00 UTC 2020
  • LendingClub Corporation [LC] Revenue clocked in at $743.80 million, down -55.47% YTD: What’s Next? - The DBT News - Tue Aug 25 07:00:00 UTC 2020
  • Lending Club is making deep cuts and it's not clear it can keep up with Wall Street invaders - Thinknum Media - Tue May 05 07:00:00 UTC 2020
  • Loss-Making LendingClub Corporation (NYSE:LC) Expected To Breakeven - Yahoo Finance - Wed Jun 24 07:00:00 UTC 2020
  • LendingClub Is Riding The High Tide But Fails To Create Value - Seeking Alpha - Tue Feb 04 08:00:00 UTC 2020
  • Fintech Technologies Market 2020-2026 | Comprehensive Study COVID19 Impact Analysis | Worldwide Key Players: Stripe, YapStone, Braintree, Adyen, Lending Club, etc. | InForGrowth - The Daily Chronicle - Mon Sep 21 03:19:37 UTC 2020
  • LendingClub (LC) Reports Q2 Loss, Misses Revenue Estimates - Yahoo Finance - Tue Aug 04 07:00:00 UTC 2020
  • New LendingClub Account Performance – Q3 2019 - Lend Academy - Mon Oct 14 07:00:00 UTC 2019
  • Adelina Grozdanova | 2020 40 under 40 in Finance - Fortune - Wed Sep 02 10:03:14 UTC 2020
  • LendingClub Prevails Over Investors' Suit Over FTC Probe - Law360 - Mon Jul 27 07:00:00 UTC 2020
  • LendingClub Pushes To Get Back To Profitability - pymnts.com - Wed Nov 06 08:00:00 UTC 2019
  • LendingClub CEO is ‘super-excited’ to hire Boston tech talent - Boston Business Journal - Tue Mar 10 07:00:00 UTC 2020
  • Peer-to-Peer Lending Market | Covid19 Impact Analysis | Worldwide Demand, Growth Potential & Opportunity Outlook 2026 | Avant Inc., Funding Circle Limited, Kabbage Inc., Lending Club Corporation, LendingTree - The Daily Chronicle - Fri Sep 18 10:40:44 UTC 2020
  • A Look Back at the Five Years Since the LendingClub IPO - Lend Academy - Wed Dec 11 08:00:00 UTC 2019
  • The Fintech Debt Trap - Type Investigations - Sun Aug 30 07:00:00 UTC 2020
  • LendingClub originations to fall by 90% in second quarter - GlobalCapital - Wed May 06 07:00:00 UTC 2020
  • The founder of LendingClub, ousted two years ago, pledges not to make the same mistakes with his new company - CNBC - Sun Sep 16 07:00:00 UTC 2018
  • LendingClub Launches Select Plus Platform - PRNewswire - Tue Aug 06 07:00:00 UTC 2019
  • LendingClub Appoints Annie Armstrong as Chief Risk Officer - PRNewswire - Wed Feb 26 08:00:00 UTC 2020
  • The Marketplace Bank: Is LendingClub the Future of Banking? - Crowdfund Insider - Thu Nov 07 08:00:00 UTC 2019
  • Pagaya Hires Five Finance Industry Veterans, Further Driving Firm's Transformation of Asset Management - Business Wire - Thu Sep 17 12:00:00 UTC 2020
  • LendingClub Launches Next Generation Certificate Program - PRNewswire - Mon Jul 22 07:00:00 UTC 2019
  • LendingClub Offers Same-Day Loan Settlements - pymnts.com - Thu Oct 10 07:00:00 UTC 2019
  • Majority of LendingClub borrowers have avoided payment breaks - P2P Finance News - Fri Jun 26 07:00:00 UTC 2020
  • LendingClub Is A Sell As Investors Get Risk Averse - Seeking Alpha - Fri Mar 20 07:00:00 UTC 2020
  • Beam Solutions AML Compliance Software Selected by LendingClub - PRNewswire - Tue Mar 24 07:00:00 UTC 2020
  • Fast-rising personal debt driving Lending Club’s success - Deseret News - Sun Dec 15 08:00:00 UTC 2019
  • LendingClub: Tremendous Upside If The Economy Continues To Improve - Seeking Alpha - Thu Jun 11 07:00:00 UTC 2020
  • LendingClub launched LCX, a new digital marketplace platform - Business Insider - Mon Oct 14 07:00:00 UTC 2019
  • LendingClub Schedules Second Quarter 2020 Earnings Release and Conference Call - Yahoo Finance - Tue Jul 21 07:00:00 UTC 2020
  • Global Debt Consolidation Market (2020-2026) | Latest COVID19 Impact Analysis | Know About Brand Players: Marcus by Goldman Sachs (USA), OneMain Financial (USA), Discover Personal Loans (USA), Lending Club (USA), Payoff (USA), etc. | InForGrowth - The Daily Chronicle - Sat Sep 12 09:35:35 UTC 2020
  • Exclusive: Behind the LendingClub acquisition of Radius Bank with Steve Allocca and Mike Butler - Tearsheet - Tue Feb 25 08:00:00 UTC 2020
  • LendingClub Partners with Opportunity Fund and Funding Circle, Increasing Financial Inclusion and Small Businesses' Access to Credit - PRNewswire - Tue Apr 23 07:00:00 UTC 2019
  • Analysts Estimate LendingClub (LC) to Report a Decline in Earnings: What to Look Out for - Yahoo Finance - Tue Jul 28 07:00:00 UTC 2020
  • Five Things You Should Know if You’re Building Products to Improve Financial Wellbeing - Crowdfund Insider - Sun Sep 06 07:00:00 UTC 2020

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