Purchasing at Scale with LendingClub
Banks and institutions are increasingly looking to invest in marketplace loans seeking higher yields, diversification, and low correlation * . Purchasing personal loans through LendingClub’s marketplace platform provide investors access to consumer credit through whole loans at scale and individually both pre- and post-issuance.
LendingClub is America’s largest online credit marketplace, and the first marketplace bank connecting borrowers and investors. LendingClub facilitates billions in loans each year, offering institutional investors a long track record, the longest data set in the industry, sophisticated risk management, and easy-to-use tools to build and modify loan portfolios.
LendingClub is America’s largest online credit marketplace, and the first marketplace bank connecting borrowers and investors. LendingClub facilitates billions in loans each year, offering institutional investors a long track record, the longest data set in the industry, sophisticated risk management, and easy-to-use tools to build and modify loan portfolios.
What Makes LendingClub Different
Longest Track Record
Founded in 2006 to transform the banking industry by bringing a traditional credit product, the installment loan, into the digital age.
Data Superiority
Our interactions with members have allowed us to capture billions of cells of performance and behavioral data across thousands of attributes.
Strong Customer Loyalty and Engagement
Our efficient and scalable marketplace model enables us to generate savings for a broad range of borrowers creating a strong affinity for our brand.
Investing in Consumer Credit
| Credit Criteria | Prime Personal Loans | Near Prime Personal Loans | Auto Near Prime | Auto Non-Prime |
|---|---|---|---|---|
| FICO Score | 660 Minimum | 600 Minimum | 640 Minimum | 510 Minimum |
| Loan Term | 36 or 60 Months | 36 or 60 Months | 24 to 72 Months | 24 to 84 Months |
| Max Loan Amount | $40,000 | $25,000 | $55,000 | $55,000 |
| Use of Proceeds | Debt Consolidation | Debt Consolidation | Refinancing | Refinancing |
Investing in Consumer Credit
| Credit Criteria | Prime Personal Loans |
|---|---|
| FICO Score | 660 Minimum |
| Near Prime Personal Loans | 600 Minimum |
|---|---|
| Auto Near Prime | 640 Minimum |
| Auto Non-Prime | 510 Minimum |
| Credit Criteria | Prime Personal Loans |
|---|---|
| Loan Term | 36 or 60 Months |
| Near Prime Personal Loans | 36 or 60 Months |
|---|---|
| Auto Near Prime | 24 to 72 Months |
| Auto Non-Prime | 24 to 84 Months |
| Credit Criteria | Prime Personal Loans |
|---|---|
| Max Loan Amount | $40,000 |
| Near Prime Personal Loans | $25,000 |
|---|---|
| Auto Near Prime | $55,000 |
| Auto Non-Prime | $55,000 |
| Credit Criteria | Prime Personal Loans |
|---|---|
| Use of Proceeds | Debt Consolidation |
| Near Prime Personal Loans | Debt Consolidation |
|---|---|
| Auto Near Prime | Refinancing |
| Auto Non-Prime | Refinancing |
How to Purchase
Electronic Marketplace
Execute your investment strategy by filtering and purchasing loans through specific credit attributes. Individually purchase loans pre- or post-issuance at prices that can be at, above, or below par.
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Bank Investors
Purchase high-quality loans that fit your investment and risk preferences. We have multiple options and work with large multinational banks to smaller community banks.
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Capital Markets Solutions
Structured solutions such as sponsored ABS deals and non-structured solutions such as passthrough securities. *
Contact UsFrequently Asked Questions
Who is LendingClub and why are you the largest personal loan lender in the U.S.?
LendingClub offers the unique combination of being a well-capitalized, publicly traded U.S. corporation (LendingClub Corporation), and a national bank (LendingClub Bank), along with a digital consumer lending arm that has originated over $63 billion in loans since inception. Today we partner with dozens of asset managers, hedge funds and other investment vehicles as well as over 60 U.S. banks who have previously purchased personal loans.
Why do so many banks purchase loans from LendingClub?
Our business model allows bank partners to save all loan marketing and origination costs, increasing projected return even further. Our multiple platforms allow our investors to purchase loans on a passive or active basis, in bulk or as individual loans, and as whole loans or in the near future in security form. This provides flexibility to accommodate and meet our partner’s needs. In addition, as a U.S. national bank, our bank partners can comfortably rely on the fact that we are also directly regulated by the OCC and Federal Reserve Board; creating an additional level of comfort with how our loans are originated and serviced. Lastly, we are able to serve banks of all sizes, from those wishing to purchase a small amount of loans to several hundreds of millions every month.
What type of service and support do you provide to loan buyers?
The LendingClub Investor Group is comprised of highly experienced loan traders, consumer finance, and bank strategy representatives. This expertise is further enabled by LendingClub’s deep analytical strength and rich data history. We can work with your team to create loan investment strategies to help address declining consumer loan portfolios, worsening loan-to-deposit ratios, improve portfolio mix and yield and generate higher overall returns.
In addition to personal loans, what other consumer credit products and services do you offer?
In addition to offering personal loans across the full credit spectrum, LendingClub offers auto refinancing loans and purchase finance loans (including medical, dental, and educational financing).