SaaSipedia

LendingClub

lendingclub.com
Financial Management
Few Days

We're rewriting the rules of traditional banking, and we only win when our customers succeed.

How to Replace LendingClub
Compare:vs Tulipvs SalesVuvs MRPeasy

Overview

LendingClub is a leading digital marketplace bank connecting borrowers with investors since 2007. The platform offers personal loans up to $60,000, auto refinancing, and award-winning banking products including checking and savings accounts. Members can access fixed-rate loans with quick funding and comprehensive banking services through a fully digital experience.

Features

18 features across 8 categories

Banking(3)

Certificates of Deposit (CDs)

Fixed-term deposit products with interest-earning capabilities

LevelUp Checking Account

Award-winning checking account with rewards-earning capabilities

LevelUp Savings Account

Interest-earning savings account designed to help maximize money growth

Also in: Square, Lemonway, PayPal Business

Credit Assessment(1)

Soft Credit Pull

Rate checking with soft credit inquiry that does not impact credit score; hard inquiry only occurs when loan is issued

Also in: Upstart

Lending(7)

Auto Refinancing

Refinance car loans with no prepayment penalties and rate checking that does not impact credit score

Debt Consolidation

Use personal loans to consolidate and pay down existing debt

Direct Creditor Payment

Option to pay creditors directly from loan funds for debt consolidation purposes

Fast Funding

Get funded in as little as 24 hours upon loan approval with direct creditor payment or disbursement

Fixed Rate and Payment Terms

Choose from fixed rates and payment terms upfront with no additional interest added after rate is locked

Personal Loans

Borrow up to $60,000 with fixed rates and customizable monthly repayment plans

TopUp

Trademark service offering additional loan access features

Also in: Plaid, Nubank, Novo

Platform(2)

LC Marketplace Platform

Digital marketplace connecting borrowers with investors for loan origination and funding

Mobile App

LendingClub app for managing accounts and financial decisions on mobile devices

Also in: KnowBe4, Jira, Asana

Security(1)

FDIC Insurance

Deposit products FDIC-insured up to $250,000 per depositor, per ownership category

Also in: Hugging Face, Notion, Airtable

Support(2)

Customer Support

Phone support available at 888-596-3157 for special access needs and customer service

Help Center

Support and educational resources for customers

Also in: Obsidian, 1Password, Bitwarden

Tools(1)

DebtIQ

Trademark product for debt intelligence and management

Also in: Notion, MarketMuse, Calendly

User Experience(1)

Quick Application Process

Apply for loans online in minutes with customized loan options based on user information

Also in: Metabase, Ivanti, Labelbox

Pricing

Personal Loans

APR 6.53% - 35.99%
  • ✓Loan amounts $1,000 to $60,000
  • ✓Loan terms 24 to 84 months
  • ✓Origination fee 0.00% - 8.00%
  • ✓Fixed rates and monthly payments
  • ✓Fast funding in as little as 24 hours
  • ✓No prepayment penalties
  • ✓Soft credit pull for rate checking

Auto Refinancing

Variable APR
  • ✓Refinance existing auto loans
  • ✓No prepayment penalties
  • ✓Rate checking without credit score impact
  • ✓Competitive interest rates

LevelUp Checking Account

Award-winning checking
  • ✓Rewards-earning checking account
  • ✓FDIC-insured deposits
  • ✓Digital banking features
  • ✓Mobile app access

LevelUp Savings Account

Interest-earning savings
  • ✓Competitive interest rates on savings
  • ✓FDIC-insured deposits
  • ✓Digital banking access
  • ✓Certificate of Deposit (CD) options

Cost Calculator

Pricing data not available for LendingClub. Check their website for current pricing.

Build vs Buy

Should you build a LendingClub alternative or buy the subscription? Estimate based on 18 features.

Buy LendingClub

Better Value
Monthly costContact Sales
3-year totalVaries
Time to deployDays

Build Your Own

Development cost$12,000
Maintenance$180/mo
3-year total$18,480
Dev time~1 months

Buying LendingClub saves ~$18,480 over 3 years vs building.

Estimates based on 18 features and a BuildScore of 4/5. Actual costs vary.