The Business Model of Lending Club

Lending Club is the world’s largest online credit marketplace facilitating loans for various needs such as medical expenses, business, or particular personal goals. Interested borrowers apply online and receive a quote within minutes. Also, with Lending Club they get much better rates as compared to traditional bank loans. Investors who provide the funding are attracted with risk-adjusted returns. The granted loans are issued by a bank and thus are subject to the same protection policy and disclosure requirements as any other bank loan. Due to the use of advanced technology and innovation, the platform is able to make the lending process fast, convenient, and transparent.