Origination fees for personal loans

Origination fees for personal loans through LendingClub range between 1.00% and 6.00% of the loan amount:

• Borrowers’ origination fees vary depending on their credit rating and the information in their application.
• The origination fee is included in a borrower’s APR and is deducted from their loan upon issuance, so the funds received when the loan is issued are less than the full amount of the approved loan.

For example, if a borrower is approved for a $6,000 36-month loan at an interest rate of 6.97% with a 3.5% origination fee of $210.00, the borrower receives $5,790.00 in their bank account and will make 36 monthly payments of approximately $185.18 at a 9.39% APR. 

No application or brokerage fees

We do not charge borrowers prepayment, application, or brokerage fees. If someone asks you to pay a broker fee, application fee, or other advance payment to obtain a loan, contact our Member Support team at support@lendingclub.com so we can investigate.

If you’re a borrower or interested in borrowing, learn more about our rates and fees for personal loans.

Other fees

LendingClub may charge late fees and other penalties should a borrower fail to make their monthly loan payments on time.