Lending Club

A smarter way to invest and borrow.

About Us

Lending Club HQ

Better Rates. Together.

Lending Club is an online financial community that brings together creditworthy borrowers and savvy investors so that both can benefit financially. We replace the high cost and complexity of bank lending with a faster, smarter way to borrow and invest.

The Lending Club experience is truly liberating:

  • You can join in minutes.
  • If you're borrowing, you can apply for a loan and get an instant rate quote.
  • If you're investing, you can open an account instantly and get started building a portfolio that can earn more than other investments with comparable risk.
  • Everything is done online, so the whole process is fast, confidential, private, and secure.

Read more about How it Works »

Company background

Lending Club opened in 2007 with one simple mission: create an alternative to banks that offers both borrowers and investors a great rate.

The company was founded by Renaud Laplanche, a highly respected entrepreneur; backed by a solid team that is made up of innovators from financial services, technology and consumer products.

Our board of directors and board of advisors include outstanding individuals who have reached the top of their respective fields. More about our management team »

Lending Club has been prominently recognized as a leader for its growth and innovation, including being named one of Forbes‘ America‘s Most Promising Companies in 2011 and 2012, a 2012 World Economic Forum Technology Pioneer, and one of The World‘s 10 Most Innovative Companies in Finance by Fast Company in 2013. More about our recognition and awards »

Latest company statistics

At 05/25/2013 on 08:21 AM:

  • Loans funded to date: $1,804,729,775
  • Loans funded last month: $140,125,775
  • Interest paid to investors since inception: $156,862,759

All loans made by WebBank, a Utah-chartered Industrial Bank, Member FDIC. Lending Club Notes are offered pursuant to a prospectus filed with the Securities and Exchange Commission.



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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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Featured Borrower

Andy
  • Andy
  • Carrollton, TX
  • Debt Consolidation
  • $6,100 at 9.98% APR

"The interest rate on my loan through Lending Club is a third less than what I was paying before, and it’s very satisfying to know that there is an end date for being done with my debt."

Browse more personal loans »