Lending Club Blog

Lending Club Introduces 5-Year Personal Loans

As of this morning, Lending Club now offers 5-year personal loans to our growing financial network of investors and borrowers, in addition to our existing 3-year personal loans.

Borrowers can enjoy the benefits of a lower monthly payment, making budgeting and loan repayment easier.

Investors can now earn more interest by choosing 5-year Notes and receive 0.74% extra yield on B graded Notes and 1.86% extra yield on C through G graded Notes*, as compared to 3-year Notes. Investors also benefit from a lower annual impact of the service charge on their return:  0.45% on a 5-year Note vs. 0.71% on a 3-year Note on average.

We are thrilled to expand on our product offering that enables our borrowers to get great rates while investors earn better returns.

Get started right away. Browse Notes >

Happy borrowing and investing,

@RobGarciaSJ
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Notes offered by prospectus filed with the SEC.

* There is no extra yield on A Notes.

Tuesday, May 11th, 2010 at 2:30 am

Comments (9)

  1. Jeremy:

    Wow these are great loans and rates!!!

    May 11th, 2010 at 11:14 am

  2. thongsai:

    very happy about this.. I hope lending club can set up a system to
    extend current borrowers to 5 years.

    May 11th, 2010 at 12:27 pm

  3. [...] lending service Lending Club did up to now only offer 3 year
    loans. Today Lending Club adds 5 year [...]

    May 11th, 2010 at 1:37 pm

  4. Grandma:

    Perfect for auto loans.

    May 11th, 2010 at 5:31 pm

  5. [...] to friend 14May Lending Club now offers 5-year personal
    loans, in addition to existing 3-year personal [...]

    May 14th, 2010 at 7:52 am

  6. Infinity:

    These are great for auto loans.

    May 19th, 2010 at 9:23 am

  7. Bhanu:

    Good you’re adding more loans. Everyone should have access to the
    money they need, specially when they are trying to get money for a
    business……

    May 20th, 2010 at 11:05 pm

  8. [...] my last update, Lending Club introduced 5 year notes. 
    So far, I’m not impressed with them, and do not see the advantage
    as a investor.  The [...]

    July 3rd, 2010 at 11:15 am

  9. Lady Saver:

    Lending Club is great, this 5 year loan is just what I have been
    looking for!

    June 13th, 2011 at 11:46 am

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