Lending Club determines a borrower's loan grade through factors which include a borrower's credit history, current situation, income, debt., and amount of loan. Each loan grade is then assigned a corresponding interest rate as listed below:
Lending Club Rates:
Loan Grade A1: 7.37%
Loan Grade A2: 7.68%
Loan Grade A3: 8.00%
Loan Grade A4: 8.32%
Loan Grade A5: 8.63%
Loan Grade B1: 9.45%
Loan Grade B2: 9.76%
Loan Grade B3: 10.08%
Loan Grade B4: 10.39%
Loan Grade B5: 10.71%
Loan Grade C1: 11.03%
Loan Grade C2: 11.34%
Loan Grade C3: 11.66%
Loan Grade C4: 11.97%
Loan Grade C5: 12.29%
Loan Grade D1: 12.61%
Loan Grade D2: 12.92%
Loan Grade D3: 13.24%
Loan Grade D4: 13.55%
Loan Grade D5: 13.87%
Loan Grade E1: 14.18%
Loan Grade E2: 14.50%
Loan Grade E3: 14.82%
Loan Grade E4: 15.13%
Loan Grade E5: 15.45%
Loan Grade F1: 15.76%
Loan Grade F2: 16.08%
Loan Grade F3: 16.40%
Loan Grade F4: 16.71%
Loan Grade F5: 17.03%
Loan Grade G1: 17.34%
Loan Grade G2: 17.66%
Loan Grade G3: 17.97%
Loan Grade G4: 18.29%
Loan Grade G5: 18.61%
Prosper Blog Posts
Zopa US Blog Posts
Lending Club Blog
GlobeFunder Blog
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment