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Earn More Interest: 60-Month Notes

Why 60-Month Notes?

Earn 3.82% more interest on average1

By investing in 60-month Notes, you can earn more interest while diversifying your investment portfolio beyond 36-month Notes. To enjoy the longer repayment term of 60 months, borrowers with the same credit profile and loan amount are modified by 4 to 8 grades. They pay a higher interest rate, so most people can earn from 2.62% to 5.03%2 more interest.
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Lower impact of service fee

With 60-month Notes, you will experience even better net annualized returns after a lower impact of our service charge: 0.45% on a 60-month Note vs. 0.71% on a 36-month Note on average.

Notes can be sold on the Trading Platform

Investors qualified to trade on the Folio Investing trading platform can turn their Notes into cash: it takes approximately three days to sell most Notes at or below par on the secondary market. Qualified Lending Club investors can sell both 36-month and 60-month Notes on our Trading Platform, operated by Folio Investing.
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You can filter our inventory based on your investment criteria: 36-month, 60-month or both.

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1. Remember that by investing in a 60-month note you are committing to a note of a longer duration. In that period of time, you may have liquidity needs that could be difficult to meet. In addition, during a 60-month period there may be a greater chance of the loan becoming late or charging off. This additional risk is priced into the higher interest rate paid on the Notes.

2. The average increase in 60-month interest is 3.82%, with a minimum difference of 0.42% and a maximum difference of 6.51%. However, the minimum and maximum only occur in less than 2% of cases. A range comprised of the bottom 25th percentile and the top 75th percentile, a range of 2.62% to 5.03%, is more representative of the typical experience.

Financial Innovation

The math pitch involves the increased efficiency of cutting out the banks, allowing relatively lower rates for borrowers and good returns for lenders.

New York Times

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Alex

"Getting engaged forced me to make some important financial decisions, so I consolidated several sources of debt with a single loan from Lending Club."