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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 CEO: Online Marketplace, APIs Create ‘Dynamic’ Loan Pricing - PYMNTS.com - Wed Jun 29 08:01:55 UTC 2022
  • Will LendingClub Corp (LC) Stay at the Top of the Financial Services Sector? - InvestorsObserver - Thu Jun 30 20:05:05 UTC 2022
  • LendingClub: Deep Dive On Strategy And Capital Allocation (NYSE:LC) - Seeking Alpha - Sun Jun 05 07:00:00 UTC 2022
  • LendingClub CEO Scott Sanborn: We Are Taking Big Banks Most Profitable Customers - Crowdfund Insider - Crowdfund Insider - Fri Jun 10 07:00:00 UTC 2022
  • More than half of consumers live paycheck to paycheck - New Orleans CityBusiness - Tue Jun 28 19:17:25 UTC 2022
  • Nordea Investment Management AB Purchases 5194 Shares of LendingClub Co. (NYSE:LC) - Defense World - Mon Jun 27 08:29:12 UTC 2022
  • Annie Armstrong Sells 3317 Shares of LendingClub Co. (NYSE:LC) Stock - Defense World - Fri Jun 10 07:00:00 UTC 2022
  • Should Credit Services Stock LendingClub Corp (LC) Be in Your Portfolio Monday? - InvestorsObserver - Mon Jun 13 07:00:00 UTC 2022
  • First Week of August 19th Options Trading For LendingClub (LC) - Nasdaq - Fri Jun 17 07:00:00 UTC 2022
  • Peer to Peer (P2P) Lending Market Size, Scope and Forecast | Avant Inc., Funding Circle Limited, Kabbage Inc., Lending Club Corporation, LendingTree, LLC, On Deck Capital Prosper Marketplace Inc., RateSetter, Social Finance Inc., Zopa Limited – Designer - Designer Women - Thu Jun 30 18:33:43 UTC 2022
  • LendingClub CEO Talks Building a Digital Marketplace Bank - InformationWeek - Fri Jun 03 07:00:00 UTC 2022
  • LENDINGCLUB CORP : Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K) - Marketscreener.com - Tue Jun 07 07:00:00 UTC 2022
  • LendingClub Surpasses 4 Million Members - PR Newswire - Wed Mar 30 07:00:00 UTC 2022
  • Why some high-tech lending companies aren't worried about rising interest rates - GeekWire - Mon Jun 27 14:00:00 UTC 2022
  • 3 No-Brainer Fintech Stocks to Buy With $300 During This Market Sell-Off - Nasdaq - Wed Jun 22 07:00:00 UTC 2022
  • LendingClub Adds Client-to-Client Sales to Its LCX Automated Loan Auction Platform - PR Newswire - Wed May 25 07:00:00 UTC 2022
  • Financial Leasing: Market By New Business Developments, Innovations, Forecast To 2028 And Top Companies | LendingClub, Sumitomo Mitsui Finance and Leasing, Wells Fargo Equipment Finance, BNP Paribas Leasing Solutions – Designer Women - Designer Women - Mon Jun 27 18:59:52 UTC 2022
  • FTC Returns More Than $10 Million to Consumers Who Paid Hidden Fees to LendingClub - Federal Trade Commission News - Tue Jan 18 08:00:00 UTC 2022
  • LendingClub: Big Upside Ahead (NYSE:LC) - Seeking Alpha - Thu Mar 03 08:00:00 UTC 2022
  • LendingClub Reports First Quarter 2022 Results - PR Newswire - Wed Apr 27 07:00:00 UTC 2022
  • best way to make money on lending club - Asia Insurance Review - Wed Jun 29 01:51:53 UTC 2022
  • LendingClub Reorganizes to Focus on 'Everyday' Americans - PYMNTS.com - Tue Jan 04 08:00:00 UTC 2022
  • A third of people earning $250,000 or more live paycheck to paycheck - Marketplace - Fri Jun 03 07:00:00 UTC 2022
  • Personal Loans Market Size, Scope and Forecast | LightStream, Rocket Loans, Upstart, SoFi, LendingClub, Earnin, HDFC, Bank of India, Central Bank of India, SBI. – Designer Women - Designer Women - Sun Jun 19 07:00:00 UTC 2022
  • As recession fears loom, more than half of Americans live paycheck to paycheck - WBUR News - Tue Jun 28 16:05:46 UTC 2022
  • LendingClub: Growth, Value Is Good Play For Inflationary Environment - Seeking Alpha - Mon Apr 25 07:00:00 UTC 2022
  • LendingClub Vs. Prosper Personal Loans 2022 – Forbes Advisor - Forbes - Wed Sep 22 07:00:00 UTC 2021
  • LendingClub's CEO Scott Sanborn Named 2022 Executive of the Year and LendingClub Awarded Top Consumer Lending Platform By LendIt Fintech - PR Newswire - Wed Feb 09 08:00:00 UTC 2022
  • SoFi vs. LendingClub: Who Offers Better Personal Loans? - Bankrate.com - Thu May 12 07:00:00 UTC 2022
  • LendingClub: Valuation Out Of Touch With Prospects (NYSE:LC) - Seeking Alpha - Thu Dec 30 08:00:00 UTC 2021
  • LendingClub (LC): Growth Story Continues With Q1 2022 Earnings - Seeking Alpha - Fri Apr 29 07:00:00 UTC 2022
  • LendingClub and PYMNTS Third Report Finds Personal Loans Have Become a Mainstream Financial Tool for Americans - PR Newswire - Wed Sep 22 07:00:00 UTC 2021
  • Narmi Raises $35M in Funding to Accelerate Digital Transformation of America's Financial Institutions - PR Web - Wed Jun 15 07:00:00 UTC 2022
  • LendingClub Review: Is LendingClub A Scam Or Legitimate? - Crixeo - Wed Mar 30 07:00:00 UTC 2022
  • LendingClub Schedules First Quarter 2022 Earnings Release and Conference Call - Yahoo Finance - Wed Apr 06 07:00:00 UTC 2022
  • LendingClub Aims for the Cloud, More Mobile-First Platforms in '22 - PYMNTS.com - Wed Jan 26 08:00:00 UTC 2022
  • Why becoming a bank is paying off for LendingClub - Banking Dive - Thu Sep 30 07:00:00 UTC 2021
  • Better Buy: Upstart Holdings vs. LendingClub - The Motley Fool - Sat May 21 07:00:00 UTC 2022
  • LendingClub Stock Extends Gains. Compass Point Boosts Target Price to $55. - Barron's - Fri Oct 29 07:00:00 UTC 2021
  • Predatory lenders are making money off rising gas and food prices. Here's what experts are seeing - WISN Milwaukee - Fri Jul 01 03:18:00 UTC 2022
  • Analysis | Headwinds for High Earners Are About to Get Worse - The Washington Post - Tue Jun 07 07:00:00 UTC 2022
  • Upstart, SoFi, LendingClub: Which Fintech has Leading Market Share? - The Motley Fool - Tue Feb 22 08:00:00 UTC 2022
  • LendingClub Personal Loan Review: Co-borrowers can apply for loans up to $40,000 - CNBC - Tue Jun 15 07:00:00 UTC 2021
  • LendingClub Appoints Balaji Thiagarajan as Chief Technology Officer - PR Newswire - Thu Feb 10 08:00:00 UTC 2022
  • LendingClub, fueled by surge in loans, posts surprise profit - American Banker - Thu Jul 29 07:00:00 UTC 2021
  • LendingTree vs. LendingClub: Which Stock is Better? - Entrepreneur - Wed Nov 03 07:00:00 UTC 2021
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  • Why Shares of Affirm, SoFi, and LendingClub Are Down Today - The Motley Fool - Tue May 10 07:00:00 UTC 2022
  • Upstart Investors Are Learning a Lesson LendingClub Investors Learned Years Ago - The Motley Fool - Mon May 16 07:00:00 UTC 2022
  • LendingClub, Meta Rallies Unable to Reverse CE100™ Slide - PYMNTS.com - Mon May 02 07:00:00 UTC 2022
  • How the World Has Shifted Forever for Fintechs and Banks - The Financial Brand - Mon Jun 06 07:00:00 UTC 2022
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  • Global Alternative Finance Market 2022 to 2028 Industry Insights and Major Players are Upstart, Funding Circle, Prosper Marketplace, LendingClub – Designer Women - Designer Women - Thu Jun 16 07:00:00 UTC 2022
  • Inflation hits harder after decades of shrinking middle class - SC Times - Mon Jun 06 07:00:00 UTC 2022
  • After Jumping More Than 50% Last Week, LendingClub Stock Still Looks Undervalued - The Motley Fool - Wed Aug 04 07:00:00 UTC 2021
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  • LendingClub Personal Loan Review 2022 - Business Insider - Mon Dec 27 08:00:00 UTC 2021
  • LendingClub (Now a Bank) Aims to Become a 'Financial Health' Brand - The Financial Brand - Mon Mar 15 07:00:00 UTC 2021
  • Investors warm to Lending Club, the fintech that became a bank - Financial Times - Wed Mar 17 07:00:00 UTC 2021
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  • LendingClub Reaches Settlement with Federal Trade Commission - PR Newswire - Wed Jul 14 07:00:00 UTC 2021
  • What's Working: Colorado's economic data shows a robust recovery. Coloradans, however, are uneasy. - The Colorado Sun - Sat Jun 04 07:00:00 UTC 2022
  • LC: Better Buy for 2022: LendingClub vs. SOFI - StockNews.com - Mon Jan 31 08:00:00 UTC 2022
  • LendingClub Charged Illegal Interest, Fees on Loans in Pennsylvania, Class Action Alleges - ClassAction.org - Fri Mar 04 08:00:00 UTC 2022
  • SoFi vs. Upstart vs. LendingClub: Which Should You Buy? - The Motley Fool - Thu Aug 19 07:00:00 UTC 2021
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  • Why Shares of Upstart, Katapult, and LendingClub Rose Today - The Motley Fool - Tue Dec 07 08:00:00 UTC 2021
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  • Ranks of Paycheck-to-Paycheck Consumers Expected to Swell in 2022 - PYMNTS.com - Tue Feb 15 08:00:00 UTC 2022
  • LendingClub: The Very Real Path To 10x Returns For Shareholders (NYSE:LC) - Seeking Alpha - Sun May 30 07:00:00 UTC 2021
  • Best High-Yield Savings Accounts for July 2022 - CNET - Thu Jun 30 19:48:32 UTC 2022
  • Why Shares of Nu Holdings, SoFi, and LendingClub Rose Today - The Motley Fool - Mon Jan 31 08:00:00 UTC 2022
  • LendingClub builds on Radius Bank acquisition with exec moves - American Banker - Tue Jun 08 07:00:00 UTC 2021
  • LendingClub Personal Loans: 2022 Review - Bankrate.com - Sat Jan 01 08:00:00 UTC 2022
  • Down 35% This Year, This Fintech Stock Is a Buy - The Motley Fool - Mon May 02 07:00:00 UTC 2022
  • LendingClub slashes roughly 30% of workforce as Covid-19 dampens demand for loans - CNBC - Tue Apr 21 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 pulls plug on peer-to-peer lending - San Francisco Business Times - The Business Journals - Tue Oct 13 07:00:00 UTC 2020
  • Peer-to-peer lending's demise is cautionary tale - Reuters - Mon Dec 13 08:00:00 UTC 2021
  • LendingClub Co. (NYSE:LC) Receives Average Recommendation of “Buy” from Analysts - Defense World - Fri Jun 03 07:00:00 UTC 2022
  • Radius, Now LendingClub, Business Checking Review – Forbes Advisor - Forbes - Thu Jul 15 07:00:00 UTC 2021
  • The personal savings rate in America just hit its lowest level since the Great Recession — even as rates on savings accounts have risen. What gives? - MarketWatch - Tue Jun 07 07:00:00 UTC 2022
  • Voices of the CFOs: 4 Tools and Tactics for Fighting Off Inflation - PYMNTS.com - Wed Jun 22 07:00:00 UTC 2022
  • UPST: Upstart vs. LendingClub: Which Fintech Stock is a Better Buy? - StockNews.com - Wed Jan 05 15:56:31 UTC 2022
  • New Reality Check: The Paycheck-To-Paycheck Report - PYMNTS.com - Wed Feb 09 00:40:28 UTC 2022
  • The Market Continues to Misunderstand LendingClub - The Motley Fool - Fri May 21 07:00:00 UTC 2021
  • Why Is No One Talking About LendingClub Stock? - The Motley Fool - Sun Feb 28 08:00:00 UTC 2021
  • Paycheck to Paycheck Has Now Become the Predominant Way of Life in America - PYMNTS.com - Thu May 12 07:00:00 UTC 2022
  • New LendingClub feature lets customers pay off card debt directly - American Banker - Tue Jun 18 07:00:00 UTC 2019
  • 7 Small-Cap Stocks to Buy and Hold for the Long Haul - InvestorPlace - Wed Jun 15 07:00:00 UTC 2022
  • Lending Club: Mr. Market Doesn't Know How To Value This Potential Multi-Bagger (NYSE:LC) - Seeking Alpha - Fri Nov 27 08:00:00 UTC 2020
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  • Best CD Rates for July 2022 - CNET - Mon Jun 27 10:15:00 UTC 2022
  • How This Fintech Plans to Profit From Higher Interest Rates - The Motley Fool - Fri May 13 07:00:00 UTC 2022
  • LendingClub Appoints Adrienne Harris to its Board of Directors - PR Newswire - Thu Jul 15 07:00:00 UTC 2021
  • Is LendingClub a Buy? - The Motley Fool - Tue Apr 13 07:00:00 UTC 2021

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