Banks and LendingClub

Banks of any size can earn solid returns and offer customers access to LendingClub products.

We began partnering with banks in 2014 to enable them to both purchase loans directly through the LendingClub platform or offer LendingClub products to their customers.

Today, nearly 50 banks—ranging in total assets of less than $100 million to more than $100 billion—have taken advantage of our partnership program. At 36%, banks represent the largest share of our investor base.

Investor Distribution

  • Banks

  • Self-Directed Retail

  • Managed Accounts

  • LendingClub*

  • Other Institutional

Source: LendingClub, as of Q4, 2017

Bank partnership options

Purchase Only

Purchase LendingClub loans that meet your bank’s credit criteria to generate solid returns.

Joint Marketing

Co-brand LendingClub’s loan application and offer it to your customer base to digitalize your customer experience.


Community Banks

LendingClub offers solutions for banks of all sizes, from those serving their local communities to global banking institutions.

Learn more

Complement the strengths of your bank

Enhance Customer Relationships

Leverage our national scale, marketing, regulatory, and fraud detection capabilities while engaging with your customers

Diversification

Broaden your investment offerings by easily and efficiently building an investment portfolio tied to auto, consumer, or small business loans

Profitability

Opportunity to capture returns of 4-6%* net of fees, expenses, and modeled credit losses

No Set Minimum Commitment

Begin with a pilot program of any size, then scale as you wish

Limit Expenses

Our digitalized loan funding, servicing, borrower application and underwriting processes undercut otherwise steep operational costs

Investing in consumer credit with LendingClub

Our product suite allows you to offer your customers a variety of options*

Personal Loans

Prime

FICO Minimum

660+

Weighted Avg.
FICO*

700

Annual Income*

$79,145

Loan Size

$1k — 40k

Avg. Loan Size

$14,766

Interest Rate Range

5.32 — 26.30%

Term

3 or 5 yrs

Typical Use Cases

Refinancing, new large purchases, debt consolidation

Auto

Prime*

FICO Minimum

640+

Weighted Avg.
FICO*

720

Annual Income*

$78,655

Loan Size

$5k — 50k

Avg. Loan Size

$20,313

Interest Rate Range

1.99 — 24.99%

Term

24-72

Typical Use Cases

Auto refinancing

Small Business

Term Loans*

Guarantor FICO Min.

600+

Weighted Avg.
Guarantor FICO*

719

Avg. yrs in Business

11.3 yrs

Loan Size

$5k — 300k

Avg. Loan Size

$52,665

Interest Rate Range

5.90 — 25.90%

Term

1, 2, 3 or 5 yrs

Typical Use Cases

Capital expenditures, working capital, acquisitions

Bank partnership team

Andrew Deringer

Andrew Deringer

Sr. Vice President, Head of Financial Institutions Group

Experience: Morgan Stanley, Howe Barnes, Federal Reserve Bank of Chicago, Raymond James Financial, University of Chicago Booth MBA

Ryan Chernis

Ryan Chernis

Sr. Director, Business Development

Experience: KBW, Stifel Financial, NYU M.Sc Real Estate Finance

Cale Spaulding

Cale Spaulding

Director, Business Development

Experience: KBW, Sandler O’Neill, Bank Hapoalim, University of Chicago Booth MBA

Cindy Tong

Cindy Tong

Director, Relationship Management

Experience: Options Technology, Lehman Brothers

Joseph L. Milstein

Joseph L. Milstein

Sr. Manager, Bank Partnerships

Experience: Citigroup, JPMorgan Chase

Zachary Waugaman

Zachary Waugaman

Bank Partnerships Manager

Experience: Bank of the Ozarks, Morgan Stanley

Dana Zhang

Dana Zhang

Sr. Relationship Manager

Experience: Wells Fargo, FDIC

Learn more about LendingClub’s marketplace: Contact Us or visit Loan Statistics.