How to Borrow Money

Get a low interest rate personal loan

To borrow money through Lending Club is to engage in an easy, safe and private transaction. You will enjoy a uniquely low interest rate because the funds come from other individuals like you or organizations, including Lending Club itself, that do not have the administrative costs of banks.

LendingMatch™ matches you with investors who have a connection to you. In a few quick steps, you will be on your way!

  1. Begin by joining Lending Club as a basic member. In this short process, you will create your login information, including a screen name that will publicly be associated with your personal loan request. Your actual identity will not be displayed. We will also ask you to verify an email address.
  2. Next, go to [Borrow > Get a Loan] to prepare your loan request. We will ask for personal and financial information to verify your identity, determine the loan terms available to you, and match you with suitable investors. All loans on Lending Club are 3-year installment loans, and your low interest rate will be based on the amount of funding you request and the information we obtain from your credit file.
  3. After your loan request is complete, it will be listed on our site for two weeks and visible to all users. Your credit grade (A, B, C, D, E, F, G) will be displayed, but your listing will not contain any personally identifying information. However, your credit data will be shown anonymously to investors for their use in evaluating your personal loan request. Investors generally spread their money over several borrowers, so chances are that your loan will get funded by several investors. Your identity will at all times remain confidential and not be disclosed to anyone. Once your loan closes, you will receive your money via the Automated Clearing House (ACH) System which will automatically deposit your loan into your bank account normally within one business day and repayment will begin a month later.
  4. We will withdraw your loan payments each month from the bank account you verified during registration. These withdrawals will take place on the same day of the month as the date of the loan origination.
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Featured Borrower


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