Lending Club is the world’s largest online marketplace connecting borrowers and investors. We’re transforming the banking system to make credit more affordable and investing more rewarding. We operate at a lower cost than traditional bank lending programs and pass the savings on to borrowers in the form of lower rates and to investors in the form of solid returns.
What We Do
We are the world’s largest online credit marketplace, facilitating personal loans, business loans, and financing for elective medical procedures. Borrowers access lower interest rate loans through a fast and easy online or mobile interface. Investors provide the capital to enable many of the loans in exchange for earning interest. We operate fully online with no branch infrastructure, and use technology to lower cost and deliver an amazing experience. We pass the cost savings to borrowers in the form of lower rates and investors in the form of attractive returns. We’re transforming the banking system into a frictionless, transparent and highly efficient online marketplace, helping people achieve their financial goals everyday.
“Lending Club’s platform has the potential to profoundly transform traditional banking over the next decade.”
-- Larry Summers, 71st Secretary of the Treasury of the United States of America; Lending Club Board member
The Lending Club experience is friendly, transparent and empowering:
As a personal loan or business loan borrower, you can get an instant quote in minutes with no impact to your credit score. Once you select an offer, you can watch as funds are committed by investors who are choosing to invest in you and your success.
If you’re investing, you can open an account in minutes and build a portfolio of hundreds or thousands of loans made to quality borrowers. You’ll receive monthly payments of principal and interest, which you can withdraw or reinvest.
If you’re looking for medical financing, you can apply online or through our network of more than 10,000 providers across the country.
No matter what kind of loan you’re interested in, everything is done online, so the whole process is fast, convenient and private.
All loans facilitated by Lending Club are issued by a bank and subject to the same consumer protection, fair lending, and disclosure requirements as any other bank loan.
“Lending Club is helping reinvent the consumer lending industry”
-- Mary Meeker, Kleiner Perkins, Lending Club Board Member
Read more about How it Works