Investing
LendingClub
Investing App Review
How it Works. Peer to peer lending at Lending Club is a very simple process. They apply for a loan and if they meet certain criteria (such as a minimum 660 FICO score) their loan is added to Lending Clubs online platform. Investors can browse the loans on the platform and build a portfolio of loans.
Difficulty
Hard
Weekly time
Up to 1 hrs/wk
Work style
Remote or local
Payout
Steady
What this is
- How it Works.
- Peer to peer lending at Lending Club is a very simple process.
- They apply for a loan and if they meet certain criteria (such as a minimum 660 FICO score) their loan is added to Lending Clubs online platform.
- Investors can browse the loans on the platform and build a portfolio of loans.
How it works
- 1Open a LendingClub account
- 2Complete identity and eligibility checks
- 3Review fees, risks, and available products
- 4Fund the account if the platform requires it
- 5Track returns, rewards, and tax documents over time
Requirements
- A computer or laptop
- U.S. work authorization
Pros and cons
Pros
- +Simple account setup for beginners who want to start small
- +Can fit around a full-time job because activity is self-paced
Cons
- −US-only availability may limit eligibility
- −Desktop/laptop may be needed for higher-value work
- −Returns are not guaranteed and can go down as well as up
Listed with clear requirements and no hidden-fee claims. See our review methodology and affiliate disclosure.
Common questions about LendingClub
Is LendingClub legit?
LendingClub is a real investing platform, but whether it is a good fit depends on what you want from it. The main things to check are account protections, fees, available products, deposit requirements, and whether the rewards or signup offers are worth the tradeoff for you.
How much can you make with LendingClub?
LendingClub can involve signup bonuses, cash management features, or long-term investing upside, but the outcome depends on deposits, market movement, and which products you actually use. $10/month based on listed first-month estimate.
Who is LendingClub best for?
LendingClub is best for investing focused earners who can handle about Up to 1 hrs/wk. It tends to make more sense if the setup, requirements, and payout style already match how you want to earn.
Ready to start with LendingClub?
Feta doesn't handle applications. You start directly with the partner. Build a profile to see how this ranks against everything else for you.
Terms apply. Earnings vary by market, effort, eligibility, and platform policy.