When you look at the Notes in your account you will notice that each one has a status listed. This refers to the status of the loan that corresponds to each Note. (You can view your Notes by logging into your account and clicking on “Notes” at the top of the page.) The definitions of each status are below.
In Review: Loan request is pending a final review by our Credit Department to verify certain information in the application before the loan is issued. Learn more about “In Review.”
Expired: Loan request did not receive full funding or did not pass final review and was not issued.
Removed: Loan listing was removed based on a credit decision, or the inability to verify certain borrower information.
Withdrawn by Applicant: Borrower withdrew their loan application.
In Funding: Loan request is listed on the site and is still receiving funding from investors.
Issuing: Loan has been originated by our banking partner. Notes corresponding to the loan will be issued to investors within 2–5 days.
Issued: New loan that has passed all Lending Club reviews, received full funding, and has been issued.
Not Yet Issued: Includes loan requests that are In Funding, loan requests that are In Review, and Notes that are Issuing.
Current: Loan is up to date on all outstanding payments.
In Grace Period: Loan is past due but within the 15-day grace period.
Late (16-30): Loan has not been current for 16 to 30 days. Learn more about the tools Lending Club has to deal with delinquent borrowers.
Late (31-120): Loan has not been current for 31 to 120 days. Learn more about the tools Lending Club has to deal with delinquent borrowers.
Fully paid: Loan has been fully repaid, either at the expiration of the 3- or 5-year year term or as a result of a prepayment.
Default: Loan has not been current for 121 days or more. Learn more about the difference between "default" and "charged off".
Charged Off: Loan for which there is no longer a reasonable expectation of further payments. Generally, Charge Off occurs no later than 30 days after the Default status is reached. Upon Charge Off, the remaining principal balance of the Note is deducted from the account balance. Learn more about the difference between "default" and "charged off".
Partially Funded: Loan did not receive full funding and is pending borrower acceptance.
Learn more about historical loan performance on the Lending Club platform.