L
LendingClub
Peer-to-peer lending marketplace
$80B+
Total Invested
3M+
Investors
$1,000
Minimum Investment
Overview
LendingClub is one of the largest peer-to-peer lending platforms, offering investors the ability to earn returns by funding personal loans. The platform provides tools to build diversified loan portfolios with varying risk levels.
Key Information
- Founded: 2006
- Asset Class: Private Credit
- Minimum Investment: $1,000
- Accreditation Required: No
- IRA Eligible: Yes
- Secondary Market: Yes
- Distribution Frequency: Monthly
Fees & Costs
- Management Fee: 1% service fee on payments received
- Performance Fee: None
- Other Fees: None
Pros & Cons
✓ Pros
- • Monthly income
- • Large marketplace
- • IRA eligible
- • Secondary market
✗ Cons
- • Default risk
- • 1% fee
- • Returns lower than before
- • State restrictions
Best For
- ✓ Income investors
- ✓ P2P lending investors
- ✓ Diversification seekers
Available On
Regulations
- • SEC Registered
- • FDIC bank