You can make a one-time payment toward your principal from your Member Center, by check, or over the phone. These payments are applied to your principal balance, which decreases the total cost of your loan and the total interest you pay on that amount.
You can also fully prepay your loan anytime. If you choose to pay off your loan early, you won’t owe any more interest, and your monthly payments will end. See Paying off your loan for instructions.
Sections in this article cover:
- Sign in to your Member Center.
- Click View Loan, then Make a Payment.
- Under Payment Type, choose Principal only.
- Enter the amount you want to pay and click Next. If you need to change the amount, click the back arrow and enter a new amount.
- Review your payment details, then click Pay Now. You’ll see a Success! message once the payment is complete.
Note: The review page shows the payment amount, date, bank name, and the last four digits of your bank account. It also tells you the earliest date your payment can be processed. Once you click Pay Now, you can’t go back or change the payment amount.
Pay by check
If you want to make a principal-only payment by check, you can send us your check payment by postal or courier mail. Make your check payable to LendingClub Corporation and write your name (if it's not on your check) and loan number on your check, along with the letters "AP" so we know to apply the funds as an extra payment. For example:
AP #123456789 Jane Well
Mail your check to one of these addresses:
|Postal mail||Courier mail|
|LendingClub Corporation||Wells Fargo Lockbox Services|
|Dept. 34268||Attn: LendingClub Corporation|
|P.O. Box 39000||Dept. 34268|
|San Francisco, CA 94139||3440 Walnut Ave.|
|Building A, Window H|
|Fremont, CA 94538|
Note: Any payment that does not match your monthly payment amount is processed as a principal-only payment, and your monthly payment is still due. These payments should be made using a separate check from your monthly payments.
For example, if your monthly payment is $200 and you mail us a $300 check, the full $300 is applied as a principal-only payment. You’d still owe your $200 monthly payment.
Instead, to pay an extra $100 toward the principal of your loan, write one check for your $200 monthly amount and another $100 check for the additional payment.
Pay by phone
If you’re not enrolled in autopay, you can call us to make a principal-only payment. Please have your bank account information ready when you call.
Call us toll-free:
Monday – Thursday: 5 am – 8 pm PT
Friday: 5 am – 5 pm PT
Saturday: 8 am – 5 pm PT