Last Updated: 06/11/2026
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Highlights
Community Rating
Strongly recommended
Minimum Initial Investment
$1,000
Average ARR
Starting at 5%
Investor Fees
1%
Number of Reviews
LendingClub Investing Review
LendingClub Investing is a marketplace based in San Francisco, CA. It was founded in 2007 and offers financing opportunities to investors in 45 states (and Washington, DC).
LendingClub Investing FAQ
What rate of return can investors expect?
The average rate of return is 5%. However, past performance does not guarantee future results.
What is the minimum investment you can make?
You must invest at least $1,000 to open an account with LendingClub Investing.
What fees does LendingClub Investing charge?
Fees may vary but you can expect to pay 1% of the amount invested.
What are the income requirements to invest with LendingClub Investing?
Unlike many real estate platforms, LendingClub Investing does not require investors to meet income requirements. Only U.S. citizens and permanent residents can invest in LendingClub Investing.To qualify, applicants may need to provide the following documentation:
- Proof of Identity
- Proof of Income
- Social Security Number
LendingClub Investing Disclosure: All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history. The APR ranges from 5.99% to 35.89%. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. In this example, you will receive $5,700 and will make 36 monthly payments of $187.99. The total amount repayable will be $6,767.64. Your APR will be determined based on your credit at time of application. The origination fee ranges from 1% to 6% and the average origination fee is 5.49% as of Q1 2017. There is no down payment and there is never a prepayment penalty. Closing of your loan is contingent upon your agreement of all the required agreements and disclosures on the www.lendingclub.com website. All loans via Lending Club have a minimum repayment term of 36 months or longer. ---------- i. 4.95%-7.10% average historical returns for loan grades A through C as of March 31, 2017. To be included in the historical returns ("Historical Returns") calculation, a Note must have been originated prior to September 30, 2015. Historical Returns are Lending Club's adjusted net annualized returns ("Adjusted NAR") for Notes with Grades A through C. Adjusted NAR is calculated using the formula described here. Historical returns are based on actual borrower payments received each month, net of fees, actual charge offs, recoveries, and estimated future losses. To estimate future losses, we apply a charge-off rate estimate to the outstanding principal of any loans that are past-due but not charged off. The charge-off rate estimate is based on historical charge-off rates by loan status over a 9-month period. Historical performance is not a guarantee of future results. Lending Club Notes are not insured or guaranteed and investors may have negative returns. Individual portfolio results may be impacted by, among other things, the size and diversity of the portfolio, the exposure to any single Note, borrower or group of Notes or borrowers, as well as macroeconomic conditions. Notes are offered by prospectus filed with the SEC and investors should review the risks and uncertainties described in the prospectus prior to investing in the Notes. ------- ii. LendingClub retail investors have historically received 2-5% monthly cash flow, based on the 10-90th percentiles of retail investors' total monthly proceeds (scheduled principal & interest and additional payments, net of any charged off loans and fees) divided by the two-month trailing average account value that retail investors with at least $2,500 outstanding investment balances each month have experienced for the trailing twelve-month period ending March 31, 2017. Individual results may vary based on grade and term composition of an investor’s investment strategy. Historical performance is not a guarantee of future results. This information is not intended to be investment advice. LendingClub Notes are not guaranteed or insured, and investors may lose some or all of the principal invested. Notes are offered by prospectus filed with the SEC and investors should review the risks and uncertainties described in the prospectus prior to investing. Actual results may vary.
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SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +100, or 5 on a 5-point rating scale.
+100
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Everyone recommends
LendingClub Investing Community Reviews
Would you recommend LendingClub Investing to your friends?
TM
Tommy M.
Dec 13, 2020
May or may not recommend
LendingClub Investing Marketplace Investing is the best there is when it comes to marketplace investing. I have been using this service for quite some time now and I couldn't' be more satisfied with their customer service and their support as I transition to a new phase in my life as a small business owner. Thank you guys so much for all that you do!
JO
Jacob O.
Nov 18, 2020
May or may not recommend
My wife and I were out of work after this latest shut down, we're never down for long but we were racking up alot of credit card debt and approaching some debt territory that was going to be hard to get out of.
We needed a loan but the banks high interest was enough for us to look for other options. We found an Article on Lending club.
We filled ...Show More
DP
Danielle P.
Aug 28, 2020
May or may not recommend
For those looking for the next level of marketplace investing, this is a great one to utilize. It does require a bit of a higher fee to begin with, so for those who already built a little nest egg and want to invest, this is a good one. The marketplace is user-friendly though, so if you're still new to investing, it's great to use.
Overall, it's a good ...Show More
JL
Jonathan L.
Aug 9, 2020
May or may not recommend
I’ve been investing with Lending Club for about four years and it has its place in one’s investment strategy as long as they have realistic expectations on how much they will earn particularly when they are just starting off.
There are many types of strategies and investments that someone can undertake with the platform and their ability to automatically select loans to invest based on specific preferences is ...Show More
U
Anonymous
Apr 27, 2019
May or may not recommend
LendingClub Investor marketplace wasn't the first lending marketplace but they were among the pioneering companies in the United States. They are a leader in the space and one of the only ones I would trust with my investment.
Showing 5 of 5 reviews