|
Browse by category:
|
How does Lending Club make money? |
|
|
We collect nominal fees from both borrowers and investors. If you are a borrower, you will pay a one-time processing fee that ranges from 1.11% to 5.00% of the loan amount, depending on your loan grade (A-G) and term.
The service fee for investors is one percent (1%) of each payment received from the borrowers, which reduces the investors’ net annualized returns for 36 month notes by approximately 0.7% and for 60 month notes by approximately .45% For more information, visit our Rates & Fees page.
|
|
| Prev | Next | |
| What is Lending Club? | How long has Lending Club been in business? |
