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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 and Leading Financial Services Companies Launch the American Fintech Council - PRNewswire - Wed Mar 03 13:05:00 UTC 2021
  • Why Is No One Talking About LendingClub Stock? - The Motley Fool - Sun Feb 28 13:15:00 UTC 2021
  • LendingClub Schedules Fourth Quarter and Full Year 2020 Earnings Release and Conference Call - Yahoo Finance - Thu Feb 18 08:00:00 UTC 2021
  • Analysts Estimate LendingClub (LC) to Report a Decline in Earnings: What to Look Out for - Yahoo Finance - Wed Mar 03 17:30:05 UTC 2021
  • Lending Club, the world's largest online marketplace connecting borrowers and investors. (PRNewsFoto/Lending Club) (PRNewsFoto/Lending Club) - Monterey County Weekly - Wed Mar 03 19:31:22 UTC 2021
  • The MLA and OLPI Merge to Form the American Fintech Council - Lend Academy - Wed Mar 03 18:37:08 UTC 2021
  • Earnings Preview: LendingClub (LC) Q4 Earnings Expected to Decline - Yahoo Finance - Tue Feb 09 08:00:00 UTC 2021
  • LendingClub: A Compelling Opportunity - Seeking Alpha - Mon Feb 08 08:00:00 UTC 2021
  • This Is LendingClub's Do-Over Moment, And The Future Is A Minefield Of Uncertainties - Seeking Alpha - Mon Feb 08 08:00:00 UTC 2021
  • How Much Are LendingClub Corporation (NYSE:LC) Insiders Taking Off The Table? - Simply Wall St - Fri Mar 05 12:06:39 UTC 2021
  • LendingClub Money Management Update Reveals that 70% of Individuals have Admitted “Hiding” Some Type of Debt from Partners - Crowdfund Insider - Sun Feb 21 08:00:00 UTC 2021
  • LendingClub Corporation - Consensus Indicates Potential -12.5% Downside - DirectorsTalk Interviews - Sun Feb 28 11:15:00 UTC 2021
  • $78.90 Million in Sales Expected for LendingClub Co. (NYSE:LC) This Quarter - MarketBeat - Mon Mar 08 09:00:00 UTC 2021
  • LendingClub Corporation - Consensus Indicates Potential -23.1% Downside - DirectorsTalk Interviews - Sat Feb 20 08:00:00 UTC 2021
  • LendingClub Corporation - Consensus Indicates Potential -28.8% Downside - DirectorsTalk Interviews - Thu Feb 11 22:12:25 UTC 2021
  • LendingClub Corporation (LC) Plunges 5.84% on March 04 - Equities.com - Thu Mar 04 22:11:07 UTC 2021
  • Turning LendingClub into a full-spectrum bank - American Banker - Wed Jan 20 08:00:00 UTC 2021
  • LendingClub Closing Down Their Platform for Retail Investors - Lend Academy - Wed Oct 07 07:00:00 UTC 2020
  • End of an era: LendingClub to drop P2P platform - American Banker - Thu Oct 08 07:00:00 UTC 2020
  • LendingClub Corporation (LC) Soars 1.87% on February 24 - Equities.com - Wed Feb 24 22:09:21 UTC 2021
  • LendingClub Closes Acquisition of Radius Bancorp - PRNewswire - PRNewswire - Mon Feb 01 08:00:00 UTC 2021
  • LendingClub Receives Regulatory Approvals to Acquire Radius Bancorp - PRNewswire - Tue Jan 19 08:00:00 UTC 2021
  • LendingClub Is Laying Off 460 Employees, Or 30% Of Staff - Forbes - Tue Apr 21 07:00:00 UTC 2020
  • LendingClub's Tips for a Financially Healthier 2021 - PRNewswire - PRNewswire - Mon Dec 28 08:00:00 UTC 2020
  • It's Official: LendingClub Has Acquired Radius Bank - Lend Academy - Mon Feb 01 08:00:00 UTC 2021
  • LendingClub-Radius Bank deal clears final regulatory hurdles - American Banker - Tue Jan 19 08:00:00 UTC 2021
  • LendingClub Earns a Score of 85 in Human Rights Campaign's 2021 Corporate Equality Index - PRNewswire - Thu Jan 28 08:00:00 UTC 2021
  • LendingClub Launches COVID-19 Focused Member Center to Help Members Regain Control of their Finances - PRNewswire - Thu May 28 07:00:00 UTC 2020
  • OCC approves LendingClub acquisition of Radius - American Banker - Thu Dec 31 08:00:00 UTC 2020
  • LendingClub Studies Reveal Customers Prioritize Personal Loan Payments Over Credit Cards, Helping Them Progress Towards Financial Health - PRNewswire - Tue Sep 22 07:00:00 UTC 2020
  • LendingClub exits peer-to-peer loan space - Banking Dive - Mon Oct 12 07:00:00 UTC 2020
  • LendingClub pulls plug on peer-to-peer lending - San Francisco Business Times - San Francisco Business Times - Tue Oct 13 07:00:00 UTC 2020
  • The Salt Lake Tribune Names LendingClub a Winner of The Utah Top Workplaces 2020 Award - PRNewswire - Mon Dec 14 08:00:00 UTC 2020
  • LendingClub Bank Acquisition Approved by OCC as Investor Platform Closes Down - Lend Academy - Mon Jan 04 08:00:00 UTC 2021
  • Online Lending Market including top key players LendingClub Corporation (United States), Funding Circle Limited (United Kingdom) – NeighborWebSJ - NeighborWebSJ - Tue Mar 02 12:43:37 UTC 2021
  • It's time for Biden's financial regulators to face the Senate spotlight - CNBC - Mon Mar 01 22:00:00 UTC 2021
  • 12 Alternatives for LendingClub Investors - Lend Academy - Tue Jan 26 08:00:00 UTC 2021
  • LendingClub has released improved Q3 figures - Business Insider - Fri Nov 06 08:00:00 UTC 2020
  • Analysis | Why Fintech Battles Ahead Are About More Than Banks - Washington Post - Tue Mar 02 21:45:00 UTC 2021
  • Square’s Bank Is Open For Business – Now What? - pymnts.com - Tue Mar 02 17:15:52 UTC 2021
  • LendingClub – Cautiously Optimistic for 2021 - Crowdfund Insider - Tue Dec 15 08:00:00 UTC 2020
  • With OCC approval of Radius Bank, LendingClub is one step closer to becoming a marketplace bank – Tearsheet - Tearsheet - Mon Jan 11 08:00:00 UTC 2021
  • LendingClub Personal Loans Review 2021 - Investopedia - Fri Apr 03 06:57:16 UTC 2020
  • LendingClub Expands LCX Platform - Yahoo Finance - Tue Jun 30 07:00:00 UTC 2020
  • LendingClub Shows Continued Recovery in Q3 2020 Results - Lend Academy - Wed Nov 04 08:00:00 UTC 2020
  • LendingClub Lays Off 30% of Its Employees -- Including Its President - The Motley Fool - Wed Apr 22 07:00:00 UTC 2020
  • Financial Technology (FinTech) Market 2021-2025 Industry Players Like | Lending Club, Prosper, Upstart, SoFi, OnDeck - The Courier - Fri Mar 05 07:18:58 UTC 2021
  • Marketplace Lending: LendingClub Flounders, is the Market Still Viable? - PaymentsJournal - Fri Oct 16 07:00:00 UTC 2020
  • LendingClub Files 8-K Indicating It Will Cease Offering and Selling Retail Notes [u] - Crowdfund Insider - Wed Oct 07 07:00:00 UTC 2020
  • LendingClub reports greater platform resilience - Business Insider - Business Insider - Mon Jun 29 07:00:00 UTC 2020
  • OCC approves LendingClub's Radius acquisition - GlobalCapital - Tue Jan 05 08:00:00 UTC 2021
  • LendingClub Reports Third Quarter 2020 Results - Yahoo Finance - Wed Nov 04 08:00:00 UTC 2020
  • Global Alternative Finance Market Top Players 2026: Upstart, Funding Circle, Prosper Marketplace, LendingClub, MarketInvoice etc. – The Bisouv Network - The Bisouv Network - Wed Mar 03 07:20:08 UTC 2021
  • LendingClub Releases Q2 2020 Earnings - Lend Academy - Tue Aug 04 07:00:00 UTC 2020
  • LendingClub Stock Increases Its 'Credit Score' With 92 RS Rating - Investor's Business Daily - Thu Feb 04 08:00:00 UTC 2021
  • LendingClub sunsets Notes platform - Finextra - Thu Oct 08 07:00:00 UTC 2020
  • LendingClub-Radius Bank Merger Receives OCC Nod, Stock Up 26.2% - Yahoo Finance - Mon Jan 04 08:00:00 UTC 2021
  • 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
  • Global Financial Technology Market 2025: Social Finance, Stripe, YapStone, PayPal, Adyen, Lending Club, Addepar, Commonbond, Robinhood, Wealthfront – The Bisouv Network - The Bisouv Network - Wed Mar 03 02:31:35 UTC 2021
  • 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 (LC) Reports Q3 Loss, Tops Revenue Estimates - Yahoo Finance - Wed Nov 04 08:00:00 UTC 2020
  • LendingClub (LC) Q1 2020 Earnings Call Transcript - The Motley Fool - Wed May 06 07:00:00 UTC 2020
  • LendingClub Q3 results show improvement from Q2 “low point” - P2P Finance News - Thu Nov 05 08:00:00 UTC 2020
  • $ 183.8 Billion Growth in Global Alternative Finance Market 2020-2024 | 72% Growth to Come from APAC | Technavio - PRNewswire - Thu Mar 04 16:00:00 UTC 2021
  • LendingClub Shares Hit 6 Month High - Crowdfund Insider - Mon Nov 23 08:00:00 UTC 2020
  • LendingClub reports challenging Q1 - Business Insider - Thu May 07 07:00:00 UTC 2020
  • Alternative Lending Market 2021 Key Driven Factors, Segmentation by Top Manufactures – Auxmoney, OnDeck, Tuandai, maneo, SocietyOne, RateSetter, CreditEase, Zopa, Funding Circle, Renrendai, Capital Float, Lendix, Upstart, Lufax, Avant, Lending Club, Mintos, Prosper, SoFi, Capital Match - NeighborWebSJ - Mon Mar 08 02:19:03 UTC 2021
  • Treasury Prime adds Marqeta card issuing tech to API - Finextra - Tue Mar 02 14:57:45 UTC 2021
  • Rockland Trust to close Seaport branch - Boston Business Journal - Boston Business Journal - Fri Mar 05 19:28:00 UTC 2021
  • Due to COVID-19, LendingClub Will No Longer Offer Grade D Loans - Crowdfund Insider - Thu Apr 09 07:00:00 UTC 2020
  • What LendingClub and Radius saw in each other - Asset Securitization Report - Thu Feb 20 08:00:00 UTC 2020
  • LendingClub: Signs Of Desperation - Seeking Alpha - Tue Jun 02 07:00:00 UTC 2020
  • Have Insiders Been Buying LendingClub Corporation (NYSE:LC) Shares This Year? - Yahoo Finance - Thu Sep 24 07:00:00 UTC 2020
  • Texas securities regulators fine LendingClub - San Antonio Express-News - Thu Apr 02 07:00:00 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 cuts approval rates for high-risk borrowers as coronavirus spreads - Reuters - Mon Mar 30 07:00:00 UTC 2020
  • How LendingClub Wants to Make History - The Motley Fool - Thu Feb 27 08:00:00 UTC 2020
  • LendingClub Launches Select Plus Platform - PRNewswire - Tue Aug 06 07:00:00 UTC 2019
  • GROUNDFLOOR CEO Brian Dally Comments on LendingClub’s Decision to Stop Allowing Retail Investors to Participate in Marketplace Loans - Crowdfund Insider - Sun Oct 11 07:00:00 UTC 2020
  • Lending Club: Mr. Market Doesn't Know How To Value This Potential Multi-Bagger - Seeking Alpha - Fri Nov 27 08:00:00 UTC 2020
  • Financial Technology (FinTech) Market Impressive Gains including key players Lending Club, Prosper, Upstart, SoFi, OnDeck, Avant, Funding Circle – The Bisouv Network - The Bisouv Network - Mon Mar 01 15:39:32 UTC 2021
  • Debt Consolidation Market 2021 Set To See Tremendous Growth in Future 2025 By Top Keyplayers Marcus by Goldman Sachs (USA), OneMain Financial (USA), Discover Personal Loans (USA), Lending Club (USA), Payoff (USA) - NeighborWebSJ - Mon Mar 08 04:34:43 UTC 2021
  • 13G Filing Shows ARK Investment Management Controls 10.47% of LendingClub Shares - Crowdfund Insider - Fri Oct 09 07:00:00 UTC 2020
  • Lending Club: Loan originations drop 90% during COVID-19 - AltFi - Thu Aug 06 07:00:00 UTC 2020
  • Earnings Preview: LendingClub (LC) Q3 Earnings Expected to Decline - Yahoo Finance - Wed Oct 28 07:00:00 UTC 2020
  • Debt Consolidation Market SWOT Analysis including key players Marcus by Goldman Sachs USA), OneMain Financial (USA), Discover Personal Loans (USA), Lending Club (USA) - SoccerNurds - Mon Mar 08 06:20:04 UTC 2021
  • Review: LendingClub Personal Loans | The Ascent - Motley Fool - Wed Jan 29 22:05:11 UTC 2020
  • Despite Cost Controls, LendingClub Is Still A Shrinking Business - Seeking Alpha - Thu Sep 24 07:00:00 UTC 2020
  • LendingClub Schedules First Quarter 2020 Earnings Release and Conference Call - Yahoo Finance - Fri Apr 17 07:00:00 UTC 2020
  • LendingClub-Radius deal faces high regulatory hurdles - American Banker - Wed Mar 04 08:00:00 UTC 2020
  • How Much Did LendingClub's (NYSE:LC) CEO Pocket Last Year? - Yahoo Finance - Mon Nov 09 08:00:00 UTC 2020
  • LendingClub: Tremendous Upside If The Economy Continues To Improve - Seeking Alpha - Thu Jun 11 07:00:00 UTC 2020
  • Global Alternative Lending Market 2020 Growth Analysis – Lending Club, Prosper, Upstart, SoFi – FLA News - FLA News - Thu Mar 04 10:46:26 UTC 2021
  • 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
  • This Left-for-Dead Fintech Is Up 73% This Month, and It May Just Be Getting Started - The Motley Fool - Fri Nov 27 08:00:00 UTC 2020
  • Why LendingClub’s Acquisition Of Radius Bank Is A Smart Deal - Forbes - Fri Feb 21 08:00:00 UTC 2020
  • LendingClub Founder, Ousted in 2016, Settles Fraud Charges - The New York Times - Fri Sep 28 07:00:00 UTC 2018
  • Global Alternative Lending Market Analysis By Growth and Forecast 2025: Lending Club, Prosper, Upstart, SoFi, OnDeck, Avant, Funding Circle, Zopa, Lendix, RateSetter, Mintos, Auxmoney, CreditEase, Lufax, Renrendai, Tuandai, maneo, Capital Float, Capital Match, SocietyOne etc. - NY Market Reports - Tue Mar 02 02:58:33 UTC 2021
  • LendingClub Prevails Over Investors' Suit Over FTC Probe - Law360 - Mon Jul 27 07:00:00 UTC 2020
  • As Part of Radius Bancorp Purchase LendingClub Files Shelf Statement on Shares, Cash Involved in Acquisition - Crowdfund Insider - Tue Feb 02 08:00:00 UTC 2021

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