Member Credit Profile Authorization

Last updated September 21, 2023

By clicking Start Monitoring, you understand and agree that you are authorizing LendingClub Bank, N.A. ("LendingClub") to obtain consumer reports and related information ("credit information") about you from one or more consumer reporting agencies, now and periodically for as long as you remain enrolled in Credit Profile.

Pursuant to this Authorization, you consent to LendingClub using your credit information for any lawful purpose, including but not limited to: (1) authenticating your identity; (2) evaluating your creditworthiness or making credit decisions in connection with potential offers from LendingClub or an issuing bank; (3) marketing products and services from LendingClub or a third party; (4) assisting with internal modeling and analysis; and (5) to provide you with various services that may be offered to you from time to time. In connection with these purposes, you authorize LendingClub to share all or parts of your credit information with agents, partners, counterparties, or affiliates.

You also authorize LendingClub to verify your information, and you agree that LendingClub may contact third parties to verify any such information.

You authorize and agree that LendingClub may transfer or otherwise provide your credit information to any successor-in-interest of LendingClub or any issuing bank in connection with credit that is issued to you.

Savings are not guaranteed and depend upon various factors, including but not limited to interest rates, fees, term length, and making payments as agreed. 

Reducing debt and maintaining low credit balances may contribute to an improvement in credit score, but results are not guaranteed. Individual results vary based on multiple factors, including but not limited to payment history and credit utilization.

A representative example of payment terms for a Personal Loan is as follows: a borrower receives a loan of $19,169 for a term of 36 months, with an interest rate of 10.49% and a 6.00% origination fee of $1,150 for an APR of 14.81%. In this example, the borrower will receive $18,019 and will make 36 monthly payments of $623. Loan amounts range from $1,000 to $40,000 and loan term lengths range from 24 months to 60 months. Some amounts, rates, and term lengths may be unavailable in certain states.

For Personal Loans, APR ranges from 8.98% to 35.99% and origination fee ranges from 3.00% to 8.00% of the loan amount. APRs and origination fees are determined at the time of application. Lowest APR is available to borrowers with excellent credit. Advertised rates and fees are valid as of March 8, 2024 and are subject to change without notice.

Checking a rate through us generates a soft credit inquiry on a person’s credit report, which is visible only to that person. A hard credit inquiry, which is visible to that person and others, and which may affect that person’s credit score, only appears on the person’s credit report if and when a loan is issued to the person. Credit eligibility is not guaranteed. APR and other credit terms depend upon credit score and other key financing characteristics, including but not limited to the amount financed, loan term length, and credit usage and history.

Any reviews presented are individual experiences and results may vary. Reviews are collected and authenticated by Bazaarvoice. Any average rating presented is based on these reviews. All reviews can be accessed at https://www.lendingclub.com/company/reviews.

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

"LendingClub" and the "LC" symbol are trademarks of LendingClub Bank.

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