Notes offered by prospectus
filed with the SEC. This information should not be considered investment advice. Past performance is no guarantee of future results. Consider reviewing the prospectus
with a financial advisor prior to investing. Information presented for illustrative purposes only and is not a report of actual performance of an identified portfolio of Notes.
A Financial Innovation.
Lending Club is the leading platform for investing in and obtaining personal loans. Since inception we have facilitated over
$3,591,099,200 in loans to prime credit borrowers. Our borrowers obtain loans at terms they find more attractive than those offered by their traditional bank or credit cards. Loans are funded by investors, circumventing the cost and complexity of traditional banking and cutting down intermediation costs.
What are Prime Consumer Notes?
Prime Consumer Notes are fixed-income investments that generate monthly cash flow in the form of payments of principal and interest. Generally, investors choose to invest in hundreds or thousands of Notes to diversify and benefit from more consistent performance. Notes are graded A1 through G5 and carry an interest rate commensurate with their risks, so you can build a portfolio that fits your investment objectives.
We approve loan applications based on stringent credit criteria designed to focus on the most creditworthy borrowers. The majority of our members use the loans to pay off high interest rate loans, most often credit card debt.
February 12, 2014, the average Lending Club borrower shows the following characteristics:
701 FICO score
16.5% debt-to-income ratio (excluding mortgage)
15.3 years of credit history
$71,997 personal income (top 10% of US population) 1
- Average Loan Size:
Lending Club Notes have Projected Returns by Grade A-D of
9.40% 2. You can choose the grade or grades that fit your investment goals.
Monthly Cash Flow.
Investors receive monthly cash payments of principal and interest. For example, if you invested $100,000 in 36-month, grade C Notes providing an aggregate 8.5% net annualized return, you would receive approximately $3,150 each month in cash payments to reinvest or withdraw.
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Who invests at Lending Club?
February 12, 2014, over
70,321 investment accounts have funded nearly
$3,591,099,200 in loans and received over
$331,498,900 in interest payments. On average, as of
February 12, 2014, investment accounts have grown by 3 to 4 times year after year as investors expand their portfolio with Prime Consumer Notes. Lending Club has attracted many types of investors, from professional fixed income investors like family offices and insurance companies to individuals saving for retirement, with accounts ranging from a few thousand to millions of dollars.
1 US Census Bureau, 2008
February 12, 2014, Projected Returns are Lending Club’s modeled return for a subset of Notes, often a Note Grade (A through G) or Subgrade (A1-G5). We calculate our modeled return using that group’s interest rates, expected losses, recovery rates, and service fees. Our model is based on the past performance of loans with similar characteristics as well as certain additional assumptions that could impact future performance. Projected Returns are not intended as a promise of future results and are not representative of the projected performance of any single Note. Individual portfolio results may be impacted by, among other things, the diversity of the portfolio, the exposure to any single Note or group of Notes, as well as macroeconomic conditions. Notes are offered by prospectus filed with the SEC and you should review the risks and uncertainties described in the prospectus prior to investing in the Notes.