Massachusetts Disclosure

Residents of Massachusetts may not list loans on the Lending Club platform that:

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

As a result, loans matching this description will not be offered to customers who live in Massachusetts.

Financial Innovation

Lending Club doesn’t have physical branches, or several other layers of costs that weigh down traditional banks. But Lending Club also seems to exploit a market inefficiency that is really quite shocking, given the supposed sophistication of the big Wall Street firms.

The Atlantic

Featured Borrower


"My loan was 100% funded within 12 hours, and I had funds in my account within 4 days. It was ridiculously fast..."