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What happens if a loan is repaid early? |
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Borrowers can prepay their loans at any time with no penalty. If a borrower prepays a loan, you will receive your pro rata share of the principal amount outstanding at the time of the prepayment, minus our 1% service fee. |
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| What is accrued interest and when do I get it? | How long does it take for a borrower payment to show up in my... |
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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