A smarter way to invest and borrow.

Lending Club HQ

What We Do

We are the world’s largest online credit marketplace, facilitating personal loans, business loans, and financing for elective medical procedures. Borrowers access lower interest rate loans through a fast and easy online or mobile interface. Investors provide the capital to enable many of the loans in exchange for earning interest. We operate fully online with no branch infrastructure, and use technology to lower cost and deliver an amazing experience. We pass the cost savings to borrowers in the form of lower rates and investors in the form of attractive returns. We’re transforming the banking system into a frictionless, transparent and highly efficient online marketplace, helping people achieve their financial goals everyday.

“Lending Club’s platform has the potential to profoundly transform traditional banking over the next decade.”

-- Larry Summers, 71st Secretary of the Treasury of the United States of America; Lending Club Board member

The Lending Club experience is friendly, transparent and empowering:

  • As a personal loan or business loan borrower, you can get an instant quote in minutes with no impact to your credit score. Once you select an offer, you can watch as funds are committed by investors who are choosing to invest in you and your success.
  • If you’re investing, you can open an account in minutes and build a portfolio of hundreds or thousands of loans made to quality borrowers. You’ll receive monthly payments of principal and interest, which you can withdraw or reinvest.
  • If you’re looking for medical financing, you can apply online or through our network of more than 10,000 providers across the country.
  • No matter what kind of loan you’re interested in, everything is done online, so the whole process is fast, convenient and private.
  • All loans facilitated by Lending Club are issued by a bank and subject to the same consumer protection, fair lending, and disclosure requirements as any other bank loan.
“Lending Club is helping reinvent the consumer lending industry”

-- Mary Meeker, Kleiner Perkins, Lending Club Board Member

Read more about How it Works

Our Growth

Until recently, the massive $3 trillion consumer lending market remained largely untransformed by technological innovation. Most people received their credit from traditional financial institutions such as banks, credit card companies, and credit unions, and invested in traditional vehicles like stocks and bonds. Lending Club’s innovation was designed to offer a simple, low cost, convenient and beneficial alternative to both borrowers and investors. As with a mutual fund, our reputation with investors rests on our track record of performance and transparency. Since we were founded we’ve facilitated billions of dollars in loans and built a trusted brand by delivering exceptional value and satisfaction to both borrowers and investors.

Our Team

Lending Club was founded by our CEO Renaud Laplanche. Over the past seven years the company’s commitment to redefining lending has attracted a stellar team, made up of innovators from financial services, technology and consumer products. We’re honored that our board of directors and board of advisors include outstanding individuals who have been recognized for helping improve the world around them through technology, innovation, and creative thinking.

More about our management team

Our Awards

We’re proud to be recognized as a leader for our growth and innovation, including being named a CNBC Disruptor 50 for the second year in a row. The annual roundup recognizes “the country’s most ambitious and innovative companies changing the economy and overall business landscape.” We’ve also been prominently recognized as a leader for our growth and innovation, including being named one of Forbes’ America’s Most Promising Companies three years in a row, awarded as a 2012 World Economic Forum Technology Pioneer, and chosen as one of The World’s 10 Most Innovative Companies in Finance by Fast Company in 2013.

More about our recognition and awards

“Lending Club has created an innovative platform that provides investors with low cost access to high quality consumer credit assets, and at the same time makes credit more affordable to consumers,”

--John Mack, Chairman Emeritus, Morgan Stanley; Lending Club Board Member

Financial Innovation

The San Francisco company, which made nearly $100 million last year, is hoping to seize on the success of the online lending industry as it grows into a robust alternative to traditional loans, and validate the industry as a high-tech, quicker version of bank lending that is here to stay.

San Jose Mercury News

Featured Borrower

Rebecca

"The application process was simple, and it was neat to watch the process as people invested in my loan."