Purchasing at Scale with LendingClub
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
Strong Customer Loyalty and Engagement
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||24, 36, 48 or 60 Months||24, 36, 48 or 60 Months||24, 36, 48, 60, 72 or 84 Months||24, 36, 48, 60, 72 or 84 Months|
|Max Loan Amount||$40,000||$25,000||$55,000||$55,000|
|Use of Proceeds||Debt Consolidation||Debt Consolidation||Refinancing||Refinancing|
How to Purchase
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.
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.
The LendingClub Marketplace Team 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 offering personal loans across the full credit spectrum, LendingClub offers auto refinancing loans and purchase finance loans (including medical, dental, and educational financing).