Lending Club
Reset Search
 

Article

How does Lending Club make money?

« Go Back

Information

 
Solution
As a marketplace, Lending Club generates revenue from transaction fees (from our platform’s role in matching borrowers with investors to enable loan originations), servicing fees (from investors) and management fees (for investment funds and other managed accounts). 
 
As a borrower, you'll 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.
 
As an investor, you'll pay a service fee of 1% of each payment received from a borrower.

Feedback

 

Was this article helpful?


   

Feedback

We value your feedback and will use your comments to improve our service. For questions regarding your account, please contact us via the Have Additional Questions link on the right side of this page.

Characters Remaining: 255

 

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."