We want to make it easy for you to make payments on your loan. Your first payment is due 30 days after your loan is approved and the funds are sent to your account, even if your bank takes a few extra days to deliver the funds to your account. You can make payments on your loan online, by check, or by phone.
Sections in this article cover:
- Setting up your payment method when you apply for a loan
- Pay online
- Pay by check
- Pay by phone
- Making extra payments
Setting up your payment method when you apply for a loan
When you apply for a loan and link your bank account, you can set up automatic payments from that bank account. If you prefer to pay by check, click Change This and select check payments instead. You can also make one-time payments by calling us to pay electronically.
Pay online
If you choose to make automatic payments, your loan payments are electronically debited from your bank account each month. We'll email you a reminder a few days beforehand so you know when to expect it.
Pay by check
If you prefer to pay by check, you can send us your check payment either by postal or courier mail. Handling the mail costs more, so we may charge a $7.00 processing fee for each check payment.
- Make your check payable to LendingClub Corporation and write your name (if it's not on your check) and loan number on your check. For example:
#123456789 Jane Well
- Mail your check to one of these addresses:
Postal mail Courier mail LendingClub Corporation WFB - Lockbox Services Dept. 34268 Attn: LendingClub Corporation P.O. Box 39000 Dept. 34268 San Francisco, CA 94139 3440 Walnut Avenue Building A, 2nd Floor Fremont, CA 94538
Pay by phone
If you'd like to pay electronically and prefer not to be enrolled in automatic payments, just follow these steps:
- Click Change This when setting up your payment method.
- Confirm your selection.
To make your monthly payments by phone, call us at 844-227-5011. You'll need to have your bank account information ready when you call each month.
Making extra payments
You can also make extra loan payments, or pay off your loan early. We don’t charge any prepayment penalties or check fees for additional payments or loan payoffs.
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