How to Pay Your Lending Club Loan

If you’ve taken out a loan via Lending Club, you have several options to make your loan payments. You can pay:

  • Online: By default, LendingClub sets you up with automatic payments, meaning your payment is automatically debited from your bank account each month. If you agreed to this, you actually don’t need to do anything to get your payments made online, because it will happen automatically. (You should get an email from Lending Club a few days before the payment is taken out of your account so you know in advance that your bank balance will be going down.)

If you chose not to have payments taken out of your bank account automatically, you can pay your Lending Club loan:



  • By Mail: Send your payment to LendingClub Corporation, Dept. 34268, PO Box 39000, San Francisco, CA 94139. Make Checks payable to LendingClub Corporation (Note there may be an extra $7 fee for mailed payments.)
  • By Phone: The Lending Club customer service phone number for payments is 844-227-5011.

Note that you can also make extra payments to LendingClub outside of the standard schedule, or pay off your LendingClub loan early.


FAQ

How do you pay off lending club?

Sign in to your account.Sign in to your account.Click Make an Extra Payment in the Upcoming Payments section.Click Pay Off Your Loan.Click Pay Online Now. The review page shows your payoff amount, payment date, and the last four digits of your bank account.Click Pay Now to confirm your payment.help.lendingclub.com › en-us › articles › 214521117-Paying-off-your-l...Paying off your loan – LendingClubhelp.lendingclub.com › en-us › articles › 214521117-Paying-off-your-l...

Where do I send my Lending Club payment?

If you prefer to pay by check, just let us know. Once you're set up to pay by check, you can send payments either by postal or courier mail. 3440 Walnut Ave.

What is the lending club scandal?

LendingClub was founded in 2007 and is a peer-to-peer lender; consumers can take out loans of up to ,000 (£27,654), supplied by a third party, that are then packaged up and sold to institutional investors who want to receive the stream of interest payments in return.

Does Lending Club hurt your credit score?

No, checking your rate and applying for a loan through LendingClub won't affect your credit score. ... If we're unable to offer you access to a loan, your credit score will not be impacted. You'll be able to see the soft credit inquiries, but these won't be visible to creditors or other users of your credit report.

Is there a penalty for paying off a Lending Club loan early?

No prepayment fees or penalties. You can partially or fully prepay your loan at any time with absolutely no prepayment penalty or fee. ... Additional payments towards your principal balance allow you to repay your loan early by reducing the total amount of interest you'll pay.

How do I pay off my Lending Club loan early?

Please call your Client Advisor at 855-846-0153 to schedule the payoff details based on the day you want to pay off your loan and how you'll send the payment. The simplest way to pay off your loan is through an ACH transfer from your linked bank account to LendingClub.

Can you get 2 loans from lending club?

You can have up to two active personal loans through LendingClub at the same time. ... You must make 3–12 months of consecutive on-time payments on your existing loan through LendingClub, depending on several factors, including the outstanding balance of the loan and the length of your loan.

Can you pay off a loan early?

Paying off your personal loan early Before you start making the extra payments, go over your loan agreement and look for a prepayment penalty. ... If you pay off your personal loan early, it means the lender isn't making as much money. Not all loans allow prepayment penalties, but personal loans do.