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Review

LendingClub Review

LendingClub pioneered peer-to-peer lending and remains a solid option for borrowers seeking joint loans or those who prefer the marketplace lending model.

★ 4.2 out of 5Best Peer-to-Peer

Pros & Cons

Pros

Joint loan option available
Direct creditor payments
Pre-qualification with soft credit pull

Cons

Origination fee 3%–8%
Funding takes 2–4 days

Our Take on LendingClub

LendingClub pioneered peer-to-peer lending and remains a solid option for borrowers seeking joint loans or those who prefer the marketplace lending model.

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Reviewed by

Sarah Mitchell

Senior Finance Editor

Sarah Mitchell is a certified financial planner with 12 years of experience covering personal finance, credit cards, and investment products. She has been quoted in The Wall Street Journal, Forbes, and Bloomberg. Sarah holds a CFP designation and an MBA from Wharton. She tests every financial product she reviews and consults with independent financial advisors to ensure accuracy.

Editorially Independent

Editorial independence & disclosure. ExpertPicked is reader-supported and may earn a commission on purchases made through our links. This never affects our rankings or recommendations. Read our full editorial policy.