A member may change their due date. Loans with LendingClub Bank have due dates automatically set to the day of the month the loan was issued.
To make it easy for members, we allow them to move their due date earlier or later by 15 days. This allows members to adjust the due date to what works for them—for example, to balance their loan payment with other monthly bills or to better align with a payday.
Flexible due dates also benefit investors because members are more likely to pay their loans on time every month.
- How Does LendingClub Bank Take Loan Payments?
- What Should You Expect When a Loan Payment Is Late?
- Who Is Servicing the Loans?