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How is the service fee charged? |
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When distributing borrower payments to investors, Lending Club’s 1% service fee is applied. The impact of the 1% service charge on your Net Annualized Return is on average 0.45% on 5-year Notes or 0.71% on a 3-year Notes. |
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| More About Net Annualized Return (NAR) | How do I receive borrower payments? |
No hassle 401K rollover or IRA transfer.
Combine over 9.5% net annualized returns with the tax advantages of an Individual Retirement Account.
Borrowers hurt by the credit squeeze and investors looking to boost their returns are increasingly turning to the same place: peer-to-peer lending.
"As an accountant, I am very conservative about money. My daughter's credit card jumped her interest rate... I found Lending Club and got a loan to pay off her credit card."
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