Lending Club

LendingClub is a US peer-to-peer lending company, headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. Lending Club is the world's largest peer-to-peer lending platform. Lending Club enables borrowers to create unsecured personal loans between $1,000 and $40,000. The standard loan period is three years. Investors can search and browse the loan listings on Lending Club website and select loans that they want to invest in based on the information supplied about the borrower, amount of loan, loan grade, and loan purpose. Investors make money from interest. Lending Club makes money by charging borrowers an origination fee and investors a service fee.

Car loan Personal loan Business loan

About Lending Club

LendingClub Corporation 71 Stevenson Street Suite 1000 San Francisco CA 94105
Contact Email: feedback@lendingclub.com
Phone Number: 888-596-3157

Lending Club on WEB

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PLATFORM DATA
Max Interest Rate
34%
Min Interest Rate
6%
Max Investment
999999$
Min Investment
25$
Max Loan Terms
60 months
Min Loan Terms
30 days
Loan Types
Car loan Personal loan Business loan
Currencies
USD
Origin of Platform
Secondary market
Yes
Secured on Assets
No
BuyBack Guarantee
No
Platform Membership
SEC
Launch Date
2006-01-12
Countries to Invest
United States
Exclude restricted area
Only for USA residents
Withdrawal time
4 business days
Target Borrowers
Individuals (P2Ps)
Average Interest Rate
12.66%
Uniform rate
Yes
Automated Lending
Yes
Lending Fees
Percentage
Withdrawal fees
None
API
Yes
Accepted Payments
Debit card Direct Debit IRA Transfers Check
Lending Model
Market
Platform Lending Type
Fund Company Individual Retirement Accounts (IRA) Company Individual Retail Fund
Status
Operating
Time between application and obtaining money
7 business days
Min borrower loan
1000$
Max borrower loan
40000$
Countries for borrowing
United States
Borrowing fees
Application fee
Bonus
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