LendingClub Investment is an online credit marketplace where investors — ranging from individuals to institutions — can select loans in which to invest and earn monthly returns. It offers multiple account options for investors such as individual accounts, retirement accounts, trust accounts, and more.
Summary of LendingClub Investment User Reviews
As of the date this article was written (6/14/18), there are no user reviews of LendingClub’s investment account options online. If you are a past or current LendingClub Investment customer, leave a review to help other small business owners that are deciding whether or not to use the company.
LendingClub Investment Pricing
LendingClub Investment has two popular account options: Standard Individual and Retirement accounts. LendingClub fees and investor’s returns vary based on many factors, but according to their website, their historical returns is 3-8% per year.
Investors are paid monthly on their corresponding Notes (assets that correspond to fractions of loans, in amounts as low as $25), minus the impact of borrower defaults and LendingClub fees.
In order to start investing, you need to link a bank account and transfer as little as $1,000 to a LendingClub investment account by ACH, wire, or check. Investment earnings can be withdrawn anytime.
LendingClub Investment Offerings
Check out the list below of some of LendingClub Investment’s offerings.
- Traditional IRA
- Roth IRA
- 401(k) Rollover
- Joint Account
- Corporate Account
- Trust Account
- Custodial/Minor account
Helpful Retirement Plan Resources
6 Best Small Business Retirement Plans 2018 – There are 6 main types of small business retirement plans that allow pre-tax contributions each year by employers and/or employees. Learn more about them in this guide.
How to Use an IRA/401(k) to Start or Buy a Business – There are three ways you can use 401(k) business funding to start or buy a business. You can cash out funds, borrow against them, or use a rollover for business startups (ROBS). Read this guide for more information.
Investment Property Line of Credit (LOC): The Ultimate Guide – An investment property line of credit (LOC) is a short-term financing option for non owner occupied properties. Check out this guide for more information.
LendingClub Investment FAQ
Does LendingClub provide retirement or investment advice?
No. The company doesn’t provide investment advice. Investors should consult with a retirement or investment adviser prior to making an investment.
Are LendingClub Notes FDIC insured?
No, LendingClub Notes are not guaranteed or insured, and investors may lose some or all of the principal invested.
LendingClub Investment Overview Video
This video provides an overview on how LendingClub Investment works.