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LendingClub

peer-to-peer-lending · US
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LendingClub pioneered peer-to-peer lending in 2006 and has since evolved into a full-service digital bank offering personal loans (9.57%–35.99% APR), business loans, and business banking accounts. It connects borrowers with investors to fund loans, often providing faster approval and funding than traditional banks — typically 1–2 business days after approval. LendingClub is particularly popular for debt consolidation, offering fixed-rate loans with no prepayment penalties. Origination fees range from 3% to 8% of the loan amount. Terms vary by applicant. LendingClub is available to US residents only.

Quick Answer

LendingClub is designed for smb and personal businesses. Pricing starts at $0/mo. Best suited for US-based businesses. Pioneer platform with established track record in online lending

Pricing

Personal Loans$9.57/mo
Personal Loans$35.99/mo
Business Loans$null/mo

// verify pricing before launch — prices shown may not reflect current vendor rates

Key Features

  • •Peer-to-peer lending marketplace connecting borrowers with investors
  • •Personal loans from $1,000 to $40,000 with fixed rates
  • •Business loans and business checking accounts available
  • •Fast funding — typically 1–2 business days after approval
  • •No prepayment penalties on any loan
  • •Origination fee range: 3%–8% of loan amount

Pros

  • +Pioneer platform with established track record in online lending
  • +Fixed-rate personal loans with predictable monthly payments
  • +Fast funding timeline compared to traditional bank loans
  • +No prepayment penalties — pay off early without extra cost
  • +Combined lending and banking in one platform for business customers

Cons

  • −Origination fees of 3%–8% can be higher than some competitors
  • −APR range is wide — rates depend heavily on credit profile
  • −Not available to non-US residents
  • −No mobile app for business banking (web only for business accounts)
  • −Maximum personal loan amount capped at $40,000

Available on

Web

Integrations

Plaidmajor credit bureaus

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Reviewed by Finatune · Last updated 2026-07-12