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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.

Get Started

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

  • Refinancing your car loan can lower your monthly payment, and LendingClub's interest rates start at just 3.99% - Business Insider - Tue Dec 10 21:09:08 UTC 2019
  • Half Of American Car Buyers Are More Likely to Research What To Watch On TV Than Their Payment Options - PRNewswire - Mon Nov 18 08:00:00 UTC 2019
  • One Thing To Remember About The LendingClub Corporation (NYSE:LC) Share Price - Yahoo Finance - Tue Nov 12 08:00:00 UTC 2019
  • What Is Oversight? Del. Courts Continue to Provide Clarification Post-'Marchand' | Delaware Business Court Insider - Law.com - Wed Dec 11 14:00:57 UTC 2019
  • Interview with Valerie Kay, the LendingClub exec redefining the marketplace lender - Business Insider - Thu Dec 05 18:41:51 UTC 2019
  • Why you need to know more about auto loan refinancing - Orlando Business Journal - Mon Nov 25 08:00:00 UTC 2019
  • What Did LendingClub Corporation’s (NYSE:LC) CEO Take Home Last Year? - Simply Wall St - Mon Dec 02 14:28:18 UTC 2019
  • 4 Stocks to Play the Way Technology Is Changing Everything About Finance - Barron's - Wed Dec 11 01:55:00 UTC 2019
  • LendingClub Corporation (LC) Stock Technical Analysis under Watch List - Viral News Place - Wed Dec 11 16:58:02 UTC 2019
  • Fintech Lending Stocks Have Been a Bust. Here’s Why. - Barron's - Wed Dec 04 18:35:00 UTC 2019
  • KBRA Assigns Preliminary Ratings to Consumer Loan Underlying Bond (CLUB) Credit Trust 2019-HP1 - Yahoo Finance - Tue Nov 12 16:50:00 UTC 2019
  • LendingClub beats profit estimates on higher fees, loans - Reuters - Tue Nov 05 08:00:00 UTC 2019
  • LendingClub Corporation (NYSE:LC): The Good, The Bad, The Ugly (2019-12-10) - WCX19 - Tue Dec 10 20:11:00 UTC 2019
  • Personal loans are ‘growing like a weed,’ a potential warning sign for the U.S. economy - The Washington Post - Thu Nov 21 08:00:00 UTC 2019
  • Ichi Momentum Readings on Focus For LendingClub Corp. (LC) - Alta Advocate - Wed Dec 11 13:24:00 UTC 2019
  • How Fintech’s Third Wave Will Change How You Bank - Fortune - Wed Nov 13 08:00:00 UTC 2019
  • LendingClub Reports Third Quarter 2019 Results - PRNewswire - Tue Nov 05 08:00:00 UTC 2019
  • LendingClub Launches Select Plus Platform - PRNewswire - Tue Aug 06 07:00:00 UTC 2019
  • LendingClub Launches Next Generation Certificate Program - PRNewswire - Mon Jul 22 07:00:00 UTC 2019
  • LendingClub Launches First-of-Its-Kind Digital Loan Transaction Platform: LCX™ - Yahoo Finance - Thu Oct 10 07:00:00 UTC 2019
  • LendingClub launched LCX, a new digital marketplace platform - Business Insider - Mon Oct 14 07:00:00 UTC 2019
  • LendingClub Corporation (LC) stock Finished at $13.02 - Market Seat - Tue Dec 10 11:57:00 UTC 2019
  • Norwest Venture Partners Raises $2B Fund, The Firm's Largest Yet - Crunchbase News - Thu Nov 14 08:00:00 UTC 2019
  • 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
  • Chancery Addresses Pleading Standards for Caremark Claims | Morris James LLP - JD Supra - Fri Dec 06 19:44:24 UTC 2019
  • Hot Spotlight: LendingClub Corporation (LC) - Stock Trends on Market - Wed Dec 11 15:17:00 UTC 2019
  • Some Investors Locked Out of Investing in LendingClub Loans - Lend Academy - Tue Sep 24 07:00:00 UTC 2019
  • LendingClub founder's new firm launches card-loan hybrid product - American Banker - Thu Oct 10 07:00:00 UTC 2019
  • LendingClub Reports First Quarter 2019 Results - PRNewswire - Tue May 07 07:00:00 UTC 2019
  • LendingClub posts smaller-than-expected loss on loan originations - Reuters - Tue Aug 06 07:00:00 UTC 2019
  • LendingClub Pays Off $40,000 Loan Of 3 Millionth Borrower - PRNewswire - Fri Jun 21 07:00:00 UTC 2019
  • LendingClub On Rates, Credit And Bank Charter - pymnts.com - Mon Aug 19 07:00:00 UTC 2019
  • LendingClub (LC) Q3 2019 Earnings Call Transcript - The Motley Fool - Wed Nov 06 08:00:00 UTC 2019
  • New LendingClub Account Performance – Q3 2019 - Lend Academy - Mon Oct 14 07:00:00 UTC 2019
  • LendingClub Corporation (LC) Stock needs engaging Consideration? - Viral News Place - Wed Dec 04 14:34:03 UTC 2019
  • Charter or not, fintechs are already 'banking' - American Banker - Fri Nov 22 08:00:00 UTC 2019
  • LendingClub forecasts bigger-than-expected first-quarter loss - Reuters - Tue Feb 19 08:00:00 UTC 2019
  • New LendingClub Account Performance – Q2 2019 - Lend Academy - Thu Jul 11 07:00:00 UTC 2019
  • Identifying The Sweet Spot For BioDelivery Sciences International (BDSI), LendingClub Corporation (LC) - US Post News - Wed Dec 11 22:30:11 UTC 2019
  • LendingClub Pushes To Get Back To Profitability - pymnts.com - Wed Nov 06 08:00:00 UTC 2019
  • Analysts Set LendingClub Corp (NYSE:LC) Target Price at $22.00 - Mitchell Messenger - Wed Dec 11 16:50:23 UTC 2019
  • LendingClub Logs Lower-Than-Expected Losses - pymnts.com - Wed Aug 07 07:00:00 UTC 2019
  • LendingClub Corp (NYSE:LC) Short Interest Update - TechNewsObserver - Wed Dec 11 17:47:58 UTC 2019
  • New LendingClub Account Performance – Q1 2019 - Lend Academy - Tue May 14 07:00:00 UTC 2019
  • LendingClub Expands Program to Help Borrowers Actually Pay Off Debt - Lend Academy - Tue Jun 18 07:00:00 UTC 2019
  • Penserra Capital Management LLC Has $57,000 Stock Holdings in LendingClub Corp (NYSE:LC) - TechNewsObserver - Wed Dec 11 12:52:19 UTC 2019
  • LendingClub to Slash San Francisco Office, Move 350 Jobs to Utah - Bloomberg - Tue Apr 30 07:00:00 UTC 2019
  • The Salt Lake Tribune Names LendingClub Number One Of The Utah Top Workplaces 2019 Award - PRNewswire - Mon Nov 11 08:00:00 UTC 2019
  • This Is (Another) Opportunity To Buy LendingClub Corporation (LC), Insperity (NSP) - US Post News - Mon Nov 18 08:00:00 UTC 2019
  • LendingClub Corporation (LC): Investor Radar - WEB NEWS OBSERVER - Fri Nov 22 08:00:00 UTC 2019
  • LendingClub Beats Investor Suit Over Fees, Other Loan Practices - Bloomberg Law - Tue Nov 05 08:00:00 UTC 2019
  • Brismo partners with LendingClub to create 'industry standard' performance metrics - PRNewswire - Wed Feb 20 08:00:00 UTC 2019
  • Consumer Still Strong, Even With ‘Anxiety,’ LendingClub CEO Says - Bloomberg - Wed Nov 06 08:00:00 UTC 2019
  • LendingClub Corporation (LC) stock Closed at $12.68 - Market Seat - Wed Dec 04 13:23:00 UTC 2019
  • LendingClub Announces Reverse Stock Split Effective Date - PRNewswire - Fri Jun 28 07:00:00 UTC 2019
  • LendingClub Corporation (LC): Opportunities On The Horizon - E Globalist - Sat Dec 07 01:02:57 UTC 2019
  • TechTarget (NASDAQ:TTGT) and LendingClub (NASDAQ:LC) Financial Comparison - Riverton Roll - Wed Dec 11 23:56:55 UTC 2019
  • LendingClub (NYSE:LC) Rating Lowered to Hold at Zacks Investment Research - TechNewsObserver - Wed Dec 11 11:05:58 UTC 2019
  • LendingClub swings to adjusted profit in Q3 - MarketWatch - Tue Nov 05 08:00:00 UTC 2019
  • Mary Meeker Slashes Investment in Struggling Online Stock LendingClub - Barron's - Sat May 18 07:00:00 UTC 2019
  • LendingClub Issues Over $2 Billion in CLUB Certificates - Yahoo Finance - Mon Jul 01 07:00:00 UTC 2019
  • LendingClub Reports Fourth Quarter and Full Year 2018 Results - PRNewswire - Tue Feb 19 08:00:00 UTC 2019
  • LendingClub (LC) Q1 2019 Earnings Call Transcript - Motley Fool - Wed May 08 07:00:00 UTC 2019
  • LendingClub Appoints Michael Zeisser to its Board of Directors - PRNewswire - Thu Sep 19 07:00:00 UTC 2019
  • Alexandra Shapiro Joins LendingClub as Chief Marketing Officer - PRNewswire - Mon Jun 10 07:00:00 UTC 2019
  • Investors' Chancery Suit Can't Show LendingClub's 'Bad Faith' - Law360 - Thu Oct 31 07:00:00 UTC 2019
  • Spa Gone. Now Workers Too. LendingClub Joins Bay Area Exodus - Bloomberg - Thu May 02 07:00:00 UTC 2019
  • LendingClub Loan Applications Surge 18 Pct - pymnts.com - Wed Feb 20 08:00:00 UTC 2019
  • Early LendingClub investor leads $10.5M round for small-dollar loan provider Possible Finance - GeekWire - Wed Jun 05 07:00:00 UTC 2019
  • LendingClub Corporation (LC) stock price is valued at $13.81 - Market Seat - Sat Nov 30 12:58:00 UTC 2019
  • Is LendingClub About to Turn a Corner? - Yahoo Finance - Mon Apr 29 07:00:00 UTC 2019
  • LendingClub President On Credit-Built Savings - pymnts.com - Thu Jun 20 07:00:00 UTC 2019
  • SoFi vs. LendingClub: Who Offers Better Personal Loans? - Credible News - Wed Nov 27 00:23:57 UTC 2019
  • LendingClub beats profit estimates on higher transaction fees - Reuters - Tue May 07 07:00:00 UTC 2019
  • LendingClub Looks To Disrupt Auto Finance Market - Forbes - Wed May 08 07:00:00 UTC 2019
  • LendingClub: Inflection Point Ahead, With A Catch - Seeking Alpha - Tue Aug 20 07:00:00 UTC 2019
  • Do Analysts Recommend You Should Buy LendingClub Corporation (LC) Stock? - US Post News - Wed Dec 04 20:15:49 UTC 2019
  • LendingClub (LC) Stock Gains on Q3 Earnings & Revenue Beat - Yahoo Finance - Thu Nov 07 08:00:00 UTC 2019
  • LendingClub CEO’s Focus on ‘Areas We Can Control’ Sends Stock Up - Bloomberg - Wed Aug 07 07:00:00 UTC 2019
  • LendingClub CEO Sees Facebook Coin Drawing Government Scrutiny - Bloomberg - Fri Jun 21 07:00:00 UTC 2019
  • Biogen (BIIB) Share Value Rose While Transamerica Financial Advisors Trimmed Its Holding by $329600; Lendingclub (LC) Shareholder Foundation Capital Has Decreased Its Position by $105.37 Million - The Broch Herald - Tue Dec 10 14:41:00 UTC 2019
  • Flourishing demand of P2P lending Market Size Over 2019-2025 | top key players areAvant LLC, Kabbage Inc, Pave Inc, Prosper Marketplace Inc, Funding Circle, Circleback Lending Inc, Social Finance Inc, Daric Inc, CommonBond Inc, LendingClub and Upstart Network Inc - Market Report Gazette - Tue Dec 10 18:18:23 UTC 2019
  • Online Lenders’ Shares Hurt by Expected Revenue-Growth Slowdown - Bloomberg - Thu Feb 21 08:00:00 UTC 2019
  • LendingClub launches digital platform with same-day settlement - Seeking Alpha - Thu Oct 10 07:00:00 UTC 2019
  • LendingClub Slides as View Miss, Credit Fears Worry Analysts - Bloomberg - Wed Feb 20 08:00:00 UTC 2019
  • LendingClub, GreenSky and OnDeck Q1 2019 Earnings Results - Lend Academy - Tue May 07 07:00:00 UTC 2019
  • Russell Investments Group Ltd. Has $1.17 Million Stake in LendingClub Corp (NYSE:LC) - Slater Sentinel - Wed Nov 27 13:14:09 UTC 2019
  • LendingClub Is Quietly Expanding Its Institutional Clients Base - Seeking Alpha - Mon Mar 11 07:00:00 UTC 2019
  • The Marketplace Bank: Is LendingClub the Future of Banking? - Crowdfund Insider - Thu Nov 07 08:00:00 UTC 2019
  • 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
  • Higher Fees Drive LendingClub's Earnings Beat - pymnts.com - Wed May 08 07:00:00 UTC 2019
  • LendingClub Pushes Back At Investors' Hidden-Fee Suit - Law360 - Fri Jun 07 07:00:00 UTC 2019
  • LendingClub: A First Class P2P Lender At A Bargain Price - Seeking Alpha - Fri May 10 07:00:00 UTC 2019
  • Timothy Bogan Sells 11,425 Shares of LendingClub Corp (NYSE:LC) Stock - Mitchell Messenger - Mon Dec 09 06:58:39 UTC 2019
  • LendingClub to pursue national bank charter, reports Q2 losses - Lending Times - Thu Aug 08 07:00:00 UTC 2019
  • 2 Stocks Poised to Thrive in Volatile Times: LendingClub Corporation (LC), Zendesk (ZEN) - US Post News - Thu Dec 05 18:31:15 UTC 2019
  • Rothschild & Co Wealth Management UK Ltd Sells 396,000 Shares of LendingClub Corp (NYSE:LC) - Slater Sentinel - Tue Dec 10 16:28:34 UTC 2019
  • LendingClub Enters Oversold Territory - Zacks.com - Tue Oct 08 07:00:00 UTC 2019
  • LendingClub (LC) Q3 Earnings and Revenues Surpass Estimates - Yahoo Finance - Tue Nov 05 08:00:00 UTC 2019
  • LendingClub profit beats estimates on record loan originations - Reuters - Tue Nov 06 08:00:00 UTC 2018

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