How Lending Club Works
- Borrowers apply for loans.
Investors open an account. - Borrowers get funded.
Investors build a portfolio. - Borrowers repay automatically.
Investors earn & reinvest.
We bring you a more efficient model.
By allowing our members to directly invest in and borrow from each other, we avoid the cost and complexity of the banking system and pass the savings on to you. Both sides can win: better rates to borrowers and better returns to investors. It's that simple.
Learn more »Better for Investors
With Lending Club you can invest like a bank, and earn better returns.
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Better for Borrowers
We cut the cost and inefficiencies of bank lending and pass the savings on to borrowers.
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Your privacy is protected.
Lending Club strongly protects your personal and financial information. investors and borrowers never know each other's identities; we will never sell, rent or otherwise distribute your information; and we only share what's necessary to complete your requested transactions. See our Privacy Policy for full details.
We're committed to transparency.
We are proud to share information about our company and give you straight answers to all your questions. Whether you want more information about Lending Club and its management team, the borrowing and investing process, news and updates, or help with specific issues, we'll get you the information you need.
Read our Help »
Call us toll-free: (888) 629-7606
Email us any time »
* Rate based on A1 Loan Grade, subject to credit approval. All loans made by WebBank, a Utah-chartered Industrial Bank. Annual percentage rates can range from 7.89% (A1) to 25.07% (G5).
** Averages based upon base rates found at MSN Money. National average provided by MSN Money .Rates as of 2/26/2010 for 36 month, unsecured $5,000 personal loans.
Upcoming Events
How Peer Lending Earnings are Taxed
Wednesday, March 24th
12:00pm PT (3:00pm ET)
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Latest Stats
as of 03/20/10
Loans funded to date:
$96,195,875
Loans funded last month:
$7,456,975
Interest paid to investors:
