Historical Defaults
The following table shows historical default rates for various credit score bands. This data was compiled based upon historical default data from TransUnion Corporation as well as proprietary Lending Club models. Actual results will vary.
| Risk Grade | Average 12-Month Default Rate |
|---|---|
| A | 0.47% |
| B | 1.26% |
| C | 2.05% |
| D | 2.84% |
| E | 3.63% |
| F | 4.42% |
| G | 5.21% |
Lending Club borrowers are assigned a risk grade and sub-grade (A1 through D5) based on the historical default risk associated with their score (shown in the table above). This risk grade is then modified based on the borrower's debt-to-income ratio and loan amount, and 15 additional subgrades (E1 to G5) are being added to factor in those risk modifiers. Find more information on Lending Club interest rates.
