Updated:
LendingClub Corporation
We’re rewriting the rules of traditional banking, and we only win when our customers succeed. Personal loans up to $60,000, savings, CDs and more.
LendingClub Corporation
We’re rewriting the rules of traditional banking, and we only win when our customers succeed. Personal loans up to $60,000, savings, CDs and more. Check your rate online in minutes without impacting your credit score.
General information
Firm type
Asset Manager
Year founded
2007
Location
Region
Asia
Country
US
City
San Francisco
Corporate office
San Francisco, CA, United States
Sector focus
Frequently asked questions
How does LendingClub make money?
LendingClub earns transaction fees from borrowers (origination fees) and from investors (service fees). It also generates net interest income from loans it holds on its balance sheet and, since acquiring Radius Bank, from deposit products.
Is LendingClub a bank?
Yes. In January 2021, LendingClub completed its acquisition of Radius Bank, a nationally chartered bank, and now operates as LendingClub Bank, N.A. This gives it a bank charter and the ability to accept deposits, offer checking and savings accounts, and issue FDIC-insured CDs.
What types of loans does LendingClub offer?
The firm primarily offers unsecured personal loans (up to $60,000) for debt consolidation, credit card paydown, and other personal expenses. It also offers auto loan refinancing and, through its bank, provides consumer deposit products including checking, savings, and CDs.
Who invests in LendingClub loans?
Institutional investors — including banks, asset managers, hedge funds, and insurance companies — purchase loan notes through the LendingClub marketplace. Individual investors can also participate through the firm's retail platform, though institutional capital accounts for the majority of funding.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Source record modified: . Public records carry source-specific dates where available. No population-wide measured refresh cadence or universal verification deadline is established here. Page modified, source captured, fact observed, entity verified and aggregate measured describe different events. Check the date attached to the relevant claim; a missing verification date means unknown. Stored source history does not establish a customer-facing historical-analysis interface. To correct this record or make a privacy request, send the page URL and your evidence to privacy@altss.com; corrections are free.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: