We collect fees from both borrowers and investors.
 
For more information on borrower fees, please visit our Rates & Fees page.

If you are an investor, the following fees apply:

• a service fee of one percent (1%) of the amount of any borrower payments received by the payment due date or during applicable grace periods, and 

• a collection fee of:
  1. Up to 40% on all amounts collected on a delinquent loan (net of legal fees and expenses) to the extent any litigation has been initiated against the borrower, or
  2. Up to 30% on all amounts collected on a delinquent loan in all cases not involving litigation.

When borrowers miss payments and loans become late, LendingClub uses best practices from the banking industry to bring delinquent loans back to “current” status. 

Please note the collection fees described above are the collection fees currently in effect, which may be changed from time to time. The normal collection fee is a percentage of the amount recovered: up to 35% if a collection action must be taken in respect of a loan and no litigation is involved; or 30% of hourly attorneys' fees in the event of litigation, plus costs.