How investing works

Here’s how to get started with LendingClub.

1. Open an account

Opening an account is quick and easy. Choose from a regular investment account or a retirement account.

Learn more about account types

2. Pick a strategy

Automate investments based on a pre-selected strategy, or browse loans and purchase Notes manually.

Learn more about strategies

3. Fund the account

Link a bank account and transfer as little as $1,000 to a LendingClub account by ACH, wire, or check. Investment earnings can be withdrawn at any time.

Choosing an investment strategy

Each loan has a grade (A–G) that reflects LendingClub’s assessment of the credit risk of the corresponding loan. Higher-grade loans have lower interest rates and a lower expected risk of default, while lower-grade loans have higher interest rates and a higher expected risk of default.

Investors can use loan grades, along with other criteria, to build a portfolio of Notes that matches their risk tolerance and investment objectives.*

Average historical returns by grade*

Lower Risk
Higher Risk
A
B
C
D
E
F
G
4.95% 6.56% 7.10% 6.82% 6.34% 5.23% 5.23%

Automated investing

Investors can choose a pre-set strategy that matches their risk profile or create a custom strategy.

A & B weighted

Broad-based investment with emphasis on A and B grades. This mix has historically seen a lower projected return and expected charge-off rate than the overall platform.*

A
B
C
D
E
F
G

D-G weighted

Broad-based investment mix with emphasis on grades D through G. This mix has historically seen a higher projected return and expected charge-off rate than the overall platform.*

A
B
C
D
E
F
G

Platform mix

Broad-based investment spread across all Note grades—A through G—and allocated according to LendingClub’s historical inventory of each grade. This mix has historically featured a projected return and an expected charge off rate roughly in line with the overall platform.*

A
B
C
D
E
F
G

Custom mix

Investors can select their own custom mix of Notes by grade and can customize their allocation across Note grades based on projected return, historical returns, expected charge off rates, or other variables.*

A
B
C
D
E
F
G

Manual strategies

Browse available loans on the platform and select Notes to purchase. Compare loan details such as grade or subgrade, loan purpose, interest rate, and borrower information.

A1
B1
C1
D1
E1
F1
G1
A2
B2
C2
D2
E2
F2
G2
A3
B3
C3
D3
E3
F3
G3
A4
B4
C4
D4
E4
F4
G4
A5
B5
C5
D5
E5
F5
G5
Are you a Financial Advisor? Learn more about how you can add LendingClub Notes to your clients’ portfolios.
Are you an Institutional Investor or a Bank? Learn more about our partnership opportunities.