Massachusetts Disclosure

Lending Club will not enable Massachusetts' residents to list loans:

  • that are for an amount of $6,000 or less, and
  • that have an annual percentage rate greater than 12%.

As a result, loan listings that fit within this definition will not be presented for consideration.

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

Adrian

"Not only was my interest rate much lower, the process was so easy– all online with no need to physically go to the bank to fill out even more paperwork."