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Mar 1 2020

#Lending institutions for personal loans @ #Video

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Lending institutions for personal loans

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Lending institutions for personal loans

We’re not a bank. Instead, we connect borrowers with investors through our online marketplace.

Investors purchase Notes, which correspond to fractions of loans, to potentially earn competitive returns.

LendingClub screens borrowers, facilitates the transaction, and services the loans.

Loans are issued via WebBank, member FDIC

Borrowers use loans to consolidate debt, improve their homes, finance major purchases, and more.

Does your financial health affect your quality of life?

We’re here to help you succeed

Our mission is to transform the banking system to make credit more affordable and investing more rewarding.

Since 2007, we’ve helped 2.5 million people achieve greater financial wellness, and that number is growing. As the trailblazer in peer-to-peer lending, we’ve evolved into America’s largest online marketplace that allows borrowers to apply for personal loans, auto refinancing, business loans, and elective medical procedures. Through our marketplace, we’re providing investors access to consumer credit, which may help diversify their investment portfolios, and the opportunity to earn competitive returns. *

Headquartered in San Francisco, we operate fully online without any branch locations, which allows us to keep operating costs low and focus more resources on our customers. We are transforming the banking system into a frictionless, transparent, and highly efficient digital experience, and we’re here for you.

A few easy steps can help you practice Cyber Safety.

Business Financing Options

Choose the loan that best fits your financing needs.

Apply for a Personal Loan

Loans up to $40,000 for qualified borrowers investing in new or smaller businesses.

Apply for a Business Loan

Loans $5,000 – $300,000 for businesses with at least $50,000 in annual sales and 12 months in business.

  • All loans made by WebBank, Member FDIC. Your actual rate depends upon credit score, loan amount, loan term, and credit usage & history.
  • 3.89% – 8.04% average historical returns for loan grades A through E originated from January 2008 through June 2017. Because the likelihood of a loan charging off increases over time, historical returns include only those loans that were issued 18 months or more before the last day of the most recently completed quarter. The range in returns represents 10th and 90th percentile performance as illustrated here, for the period January 2008 through December 2018. The return is weighted based on platform issuance by grade. Historical Returns are LendingClub’s adjusted net annualized returns (“ANAR”). ANAR is calculated using the formula described here.

Checking your rate generates a soft credit inquiry, which is visible only to you. A hard credit inquiry that may affect your credit score only appears when your loan is issued.

LendingClub Notes are not FDIC insured • not guaranteed • may lose value

LendingClub Member Payment Dependent Notes (Notes) are offered by prospectus. Investors should review the risks and uncertainties described in the prospectus carefully prior to investing. Historical performance is not a guarantee of future results and investors may lose some or all of the principal invested. LendingClub does not provide investment, tax, or legal advice. You should consult your legal, tax, and/or investment professional prior to making any financial or investment decision. While returns are dependent upon borrower payments of principal and interest, Note holders do not have a security interest in the corresponding loans or loan proceeds. Notes are unsecured obligations of LendingClub. Returns may be impacted by, among other things, the number and attributes of Notes owned, as well as macroeconomic and other conditions.


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SOURCE: http://www.lendingclub.com/

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