Both individuals and entities can be investors at LendingClub.
State and Financial Suitability
Our investment offerings are not currently available to all investors in all states. Investors may invest in loans facilitated by LendingClub only if they reside in one of the states listed here and also meet that state’s Financial Suitability conditions.
Identification and Verification
Individual investors must be at least 18 years old, have a valid social security number, and have their identity successfully verified by LendingClub.
Family trusts, companies and other organizations will need to contact us at (888) 596-3159 or firstname.lastname@example.org for identity verification purposes in order to become investors.
Account and Investment Minimums
To open a self-directed investment account, there is a required minimum initial deposit of at least $1,000. Once an account is funded, there is a $25 minimum investment per LendingClub Note. This account minimum creates an opportunity for a better investment experience. With $1,000, investors can purchase up to 40 Notes in $25 increments, which can diversify their portfolios across 40 different borrowers' loans. LendingClub investors with more diversified accounts have been more likely to experience positive returns1 and lower volatility than investors with more concentrated holdings. Your investment is more diversified when you purchase Notes corresponding to different borrower loans. Learn more about the benefits of diversification.
Once you've read the requirements to become an investor, click here to open a taxable or retirement account. Transferring money to your LendingClub account is easy, simply link your bank account transfer the amount you want to invest by ACH, wire, or check.
Different Account Types
LendingClub offers a variety of account types to meet your investing needs. We offer individual accounts, joint accounts, trust accounts, corporate accounts, and custodial/minor accounts. Open an account today.
We also offer 401(k) rollover and retirement accounts, including Traditional IRAs, Roth IRAs, SEP IRAs, and Simple IRAs.
Flexible Investing Styles
LendingClub’s platform supports a wide range of investing styles. Some investors prefer an active approach – they can log into their account regularly, browse the loans listed on the platform, and place orders manually. Some investors even download the loan details and perform their own analysis before placing an order.
On the other hand, some investors prefer to select their investment criteria and let our Automated Investing service execute their investment strategy for them. This option saves investors’ time while keeping them in control of their investment strategy.
Whether you want to individually hand-pick every Note or you want to set your investment criteria and let Automated Investing put your cash to work, LendingClub provides the information and the tools to help you do so.2
Investors should be prepared to hold their investment to maturity. Currently, loans facilitated by LendingClub have 36- or 60-month terms at origination.2
1As of September 30, 2017. Based on adjusted net annualized return (Adjusted NAR) of current retail investors with a portfolio containing 100+ Notes of only grades A through E (i.e. no F or G grade Notes), none of which have been purchased or sold on the Folio Investing Note Trading Platform* and the portfolio has a weighted average age of at least 12 months (weighted based on the dollar value of each Note relative to the total dollar value of the portfolio, where the age of each Note is measured as of the purchase date of such Note). Adjusted NAR is calculated using the formula described here. This information is not intended to be investment advice. Historical performance is not a guarantee of future results. Actual results may differ materially from historical data. LendingClub Notes are not guaranteed or insured, and investors may lose some or all of the principal invested. Individual portfolio results may be impacted by, among other things, the size and diversity of the portfolio, exposure to any single Note, Borrower, or group of Notes or Borrowers, as well as macroeconomic conditions. *Folio Investments, Inc. ("Folio Investing") is a registered broker-dealer and member of FINRA and SIPC and operates the Note Trading Platform. Folio Investing is based in McLean, VA and is not affiliated with LendingClub. Folio Investing has no role in the original issuance of the Notes and is not responsible for and does not approve, endorse, review, recommend or guarantee the Notes or the accuracy, reliability, or completeness of any data or information about the Notes. See the Important Disclosures page for additional important information. More information about Folio Investing is available at www.folioinvesting.com.
2This information is not intended to be investment advice. Historical performance is not a guarantee of future results. Actual results may differ materially from historical data. LendingClub Notes are not guaranteed or insured, and investors may lose some or all of the principal invested. Individual portfolio results may be impacted by, among other things, the size and diversity of the portfolio, exposure to any single Note, Borrower, or group of Notes or Borrowers, as well as macroeconomic conditions. LendingClub Notes are offered by prospectus filed with the SEC.