Lending Club

 

How Lending Club Works

  1. Borrowers apply for loans.
    Investors open an account.
  2. Borrowers get funded.
    Investors build a portfolio.
  3. 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.

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Better for Investors

With Lending Club you can invest like a bank, and earn better returns.
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Investor 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.

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Call us toll-free: (888) 629-7606
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* 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

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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:

$6,676,714

No-Fee IRA

No hassle 401K rollover or IRA transfer.


Combine over 9.5% net annualized returns with the tax advantages of an Individual Retirement Account.

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Borrowers hurt by the credit squeeze and investors looking to boost their returns are increasingly turning to the same place: peer-to-peer lending.

NPR

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Featured Borrower

Sarah
  • Sarah
  • Newfield, NJ
  • Pay off Credit Cards
  • $15,000 loan at 9.79%APR

"As an accountant, I am very conservative about money. My daughter's credit card jumped her interest rate... I found Lending Club and got a loan to pay off her credit card."

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