About Social Lending
Lending Club is a social lending network where people can borrow money or lend money at better interest rates.
Lending money involves certain risks; we minimize these risks by limiting access only to those borrowers that can be authenticated and have prime credit scores (640+). We also use proprietary technology called LendingMatch™ to help you identify prime borrowers in trusted communities.
Lending Club is currently available to US residents only.
Better interest rates
Banks support an expensive branch network and incur the costs of collecting deposits from the public on one hand and extending loans or issuing credit cards on the other hand. Lending Club eliminates most of these costs by creating a place where individual lenders and organizations, including Lending Club itself, can fund loan requests listed by other individuals.
Secure and easy loans
Lending Club is a platform servicing secure, convenient, and easy loans. The entire process happens online. You choose how much to invest, when you would like to lend money, and LendingMatch™ will present you with a portfolio of borrowers meeting your specific criteria. The loan portfolio is diversified to minimize default risk. You can accept the loan portfolio recommendation or you can lend to specific borrowers—your choice, all in real time, online through a secure website with no hidden costs or charges.
Private lending and borrowing
Lending Club employs strict procedures and the latest technology for safeguarding your personal and financial information, and that of your fellow members. Further, we protect your privacy by ensuring that private lenders and borrowers are identified only by their chosen screen names. As a lender, you never need to share personally identifying information to make a loan. Read our privacy policy.
