Lending Club Blog

12×12: Lending Club Issues $12M in Personal Loans, Surpasses $12Min Interest Paid to Investors in September

Last month proved to be yet another exciting month at Lending Club: our investors issued another $12,039,675 in 1189 loans, keeping up with the record they set in August.  At the same time, Lending Club surpassed $12M in interest paid to investors since starting operations in 2007.

Looking at these numbers, our members seem to confirm Lending Club delivers on its promise: lower rates to borrowers, better returns to investors.

For other interesting numbers about our peer-to-peer marketplace, visit our real-time Lending Club statistics page.

@RobGarciaSJ

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Monday, October 4th, 2010 at 10:02 am

Comments (1)

  1. [...] Lending Club is the US-based leader in the space, having
    issued more than $170M in personal loans since its inception in
    2007, and growing at a record-breaking pace. Last month, Lending
    Club announced that it had payed out more than $12M in interest to
    its investors. [...]

    October 25th, 2010 at 1:57 am

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