1. Based on the average experience of [similarly situated] borrowers who refinanced their existing auto loans (“Original Auto Loans”) with Auto Refinancing Loans from LendingClub Bank (“AutoRefi Loans”) between October 2022 and March 2023. For this period, the average estimated monthly payment amount of Original Auto Loans obtained by borrowers was $549 with an average remaining term length of approximately 55 months; the average monthly payment amount of corresponding Auto Refi Loans was $471, with an average term length of approximately 59. The difference in monthly payment amount represents an average reduction of $78 per month. This reduction reflects the terms of Auto Refi Loans actually obtained by borrowers, not the terms of Auto Refi Loans offered to but not selected by borrowers. It is based in part on an extension of the average term length, and in part on a reduction in average APR. Potential reductions in monthly payment amount are determined based on (a) our understanding of the monthly payment amounts of Original Auto Loans, irrespective of term length, and (b) the corresponding monthly payment amounts of Auto Refi Loans obtained by borrowers, irrespective of term length. Claims related to potential reductions in monthly payment amount assume that Auto Refi Loans will be paid as agreed, and are for illustrative purposes only. They do not directly relate to any estimated APRs, monthly payment amounts, or savings amounts communicated to you in connection with a specific Auto Refi Loan that we may advertise to you or that you may obtain from us. If you obtain an Auto Refi Loan with a term length that is longer than the remaining term length of your Original Auto Loan, the overall cost of financing may increase even though your monthly payment may be lower. Depending on the state where you live, tax, title and other fees may apply, which could impact your total payment reduction.

  2. Checking a rate through us generates a soft credit inquiry on a person’s credit report, which is visible only to that person. A hard credit inquiry, which is visible to that person and others, and which may affect that person’s credit score, only appears on the person’s credit report if and when a loan is issued to the person. Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, credit usage and history, vehicle loan-to-value (LTV) ratio, and other vehicle characteristics.

  3. This is one person's experience. Individual results may vary. Based on reviews collected and authenticated by Bazaarvoice. All such reviews can be accessed at https://www.lendingclub.com/company/reviews

Savings are not guaranteed and depend upon various factors, including but not limited to interest rates, fees, term length, and making payments as agreed.

A representative example of payment terms for an Auto Refinancing Loan is as follows: a borrower receives a loan of $ $23,107 for a term of 59 months with an APR of 8.43%. In this example, the borrower will make 59 monthly payments of $478. Loan amounts range from $4,000 to $55,000, and loan term lengths range from 24 months to 84 months. Some amounts, rates, and term lengths may be unavailable in certain states.

For Auto Refinancing Loans, APR ranges from 4.99% to 24.99%. APRs are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of May 12, 2023 and are subject to change without notice

Vehicle Restrictions
Auto refinancing loans are only available for vehicles that are 10 years old or newer (based on vehicle model year) and have 120,000 miles or fewer. Loans are not available for recreational vehicles, motorcycles, vehicles with branded titles, bonded titles, or reconditioned titles, hail-damaged or salvaged vehicles, domestic trucks branded with a ‘3500’ designation or with a rated payload capacity of one ton or greater, conversion or cargo vans, snowplow-equipped vehicles, or any vehicles used for livery, rideshare, or any other commercial purpose. Loans are not available for the following vehicle makes and/or models: Hummer, Pontiac, Saab, Saturn, Daewoo, Isuzu, Suzuki, Oldsmobile, and Nissan Leaf. At the time of application, your vehicle must be registered in the state where you live, which cannot be one of the following states: AK, HI, ME, MS, NH, ND, VT, WV, and WY. Additional vehicle restrictions may apply.  

State and local title and registration fees may apply and may be added to the amount financed.

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender ("LendingClub Bank"), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment; Deposit accounts are subject to approval. Only deposit products are FDIC insured.

"LendingClub" and the "LC" symbol are trademarks of LendingClub Bank.

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