A smarter way to invest and borrow.

Lending Club HQ

How does

peer lending


Lending Club is transforming the banking system to make it more efficient, transparent, and customer-friendly. Lending Club uses technology to operate a credit marketplace at a lower cost than traditional bank loan programs, passing the savings on to borrowers in the form of lower rates and to investors in the form of solid returns. By providing borrowers with average savings of 30% on their interest rates and investors with steady, strong returns, Lending Club has earned among the highest satisfaction ratings in the financial services industry.1

Innovation transforms lending

Lending Club is the world's leading online credit marketplace, where investors back credit worthy borrowers in exchange for interest income. 3

Here's how it works:

  • Customers interested in a loan complete a simple application at LendingClub.com
  • Lending Club evaluates the information (with no impact to the applicant's credit score), determines an interest rate and instantly presents a variety of offers to qualified borrowers
  • Investors ranging from individuals to institutions select loans in which to invest and can earn monthly returns

The entire process is online, using technology to lower the cost of credit and pass the savings back in the form of lower rates for borrowers and solid returns for investors.

Better for Borrowers

We cut the cost and complexities of traditional bank loans and pass the savings on to borrowers.

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  • Easy online application
  • Low fixed rates
  • Fixed monthly payments
  • Flexible terms
  • No prepayment penalties
  • No hidden fees
  • Friendly service
How it works:
  1. Check your rate - it's fast and free
  2. Choose your offer, if given
  3. Watch as people invest in your loan
  4. Fast funding directly to your bank account
  5. Convenient, automated fixed monthly payments
  6. Prepay anytime with no fees

Check Your Rate

Better for Investors

At Lending Club you can build a diversified portfolio of Notes and earn solid returns.

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  • Solid returns with historical returns by
    Grade A-C of 4.74% to 7.98%4
  • Monthly cash flow
  • Simple and straightforward
  • Easy to diversify across many Loans
  • 401(k) rollover and retirement accounts available
How it works:
  1. Open an account and transfer funds
  2. Quickly and easily build a portfolio by investing in a range of Loans in increments as little as $25
  3. Receive monthly payments of principal and interest as borrowers repay their loans
  4. Reinvest payments or withdraw

Start Investing

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.

1 All loans made by WebBank, a Utah-chartered Industrial Bank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. Source for savings % and satisfaction scores: Lending Club borrower surveys, 2013-2014.

2 This depiction is a summary of the processes for obtaining a loan or making an investment. Loans are issued by WebBank, an FDIC insured Utah-chartered industrial bank located in Salt Lake City, Utah, Equal Housing Lender. Investors do not invest directly in loans. Investors purchase Member Dependent Notes from Lending Club. Loans are not issued to borrowers in IA, ID, ME, ND, or NE. Individual borrowers must be a US citizen or permanent resident and at least 18 years old. Valid bank account and social security number/FEIN are required. All loans are subject to credit review and approval. Your actual rate depends upon credit score, loan amount, loan term, credit usage and history. LendingClub notes are issued pursuant to a prospectus on file with the SEC. You should review the risks and uncertainties described in the prospectus related to your possible investment in the notes. Currently only residents of the following states may invest in Lending Club notes: CA, CO, CT, DE, FL, GA, HI, ID, IL, KY, LA, ME, MN, MS, MT, NH, NV, NY, RI, SD, UT, VA, VT, WA, WI, WV, or WY. Our mailing address is: Lending Club, 71 Stevenson, Suite 300, San Francisco, CA 94105.

3 http://www.economist.com/blogs/schumpeter/2013/01/lending-club

4 As of September 30, 2014. To be included in the Historical Returns calculation, a Note must have been originated prior to March 31, 2013. Historical Returns are Lending Club's adjusted net annualized returns (Adjusted NAR) for Notes with Grades A through C. Adjusted NAR is calculated using the formula described here. It is based on actual borrower payments received each month, net of service fees, actual charge offs, recoveries, and estimated future losses. To estimate future losses, we apply a loss rate estimate to the outstanding principal of any loans that are past-due but not charged off. The loss rate estimate is based on historical charge off rates by loan status over a 9-month period. Historical returns are not intended as a promise of future results. Individual portfolio results may be impacted by, among other things, the diversity of the portfolio, the exposure to any single Note or group of Notes, as well as macroeconomic conditions. Notes are offered by prospectus filed with the SEC and you should review the risks and uncertainties described in the prospectus prior to investing in the Notes.

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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

Featured Borrower


"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."