You can make extra payments on your loan any time, right from your account. We apply these one-time payments directly to your principal balance. This decreases the total cost of your loan by reducing your principal balance and the total interest you pay on that amount.
You can also fully prepay your loan at any time. If you choose to pay off your loan early, you won’t owe any additional interest and your monthly payments will end. See Paying off your loan for instructions.
Sections in this article cover:
- Sign in to your account.
- Click Make an Extra Payment in the Upcoming Payments section.
- Click Make an Extra Payment.
- Enter the amount you want to pay, and then click Pay Online Now.
- Review your payment details, and then click Pay Now.
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.
If you need to adjust your extra payment amount, you can click the back arrow and enter a new amount.
Pay by check
If you want to make an extra payment by check, you can send us your check payment either 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.|
|Window H, Building A, 2nd Floor|
|Fremont, CA 94538|
Note: Make extra payments in a separate check from your monthly payments. If you make your monthly payment plus an extra amount in the same check, the entire amount is processed as an extra payment that is applied to your principal balance, and your monthly payment is still due.
For example, if your monthly payment is $200 and you mail in a $300 check, the full $300 is applied as an extra payment. You would still owe your $200 monthly payment. If you just wanted to pay an extra $100 on your loan, you would write one check for your $200 monthly amount and a separate $100 check that would be applied as an extra payment.
Any payment that does not match your monthly payment amount is processed as an extra payment, and your monthly payment is still due.
Pay by phone
If you'd like to make an extra payment electronically and aren't enrolled in automatic payments, you can call us at 844-227-5011. Please have your bank account information ready when you call.