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How does Lending Club make money?

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We collect fees from both borrowers and investors.
 
If you are a borrower, you will pay a one-time origination fee that ranges from 1.11% to 5.00% of the loan amount, depending on your loan grade (A-G) and term.  For more information, please visit our Rates & Fees page.

If you are an investor, you will pay a service fee of one percent (1%) of each payment received from the borrowers.

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Financial Innovation

Borrowers hurt by the credit squeeze and investors looking to boost their returns are increasingly turning to the same place: peer-to-peer lending.

NPR

Featured Borrower


Andy

"The interest rate on my loan through Lending Club is a third less than what I was paying before, and it’s very satisfying to know that there is an end date for being done with my debt."