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Who is eligible to be a lender through Lending Club?

April 26, 2017club eligible Lender lending

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Who is eligible to be a lender through Lending Club?

1 Answer

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Both individuals and organizations can be lenders. If you are an individual and want to lend through Lending Club, you must be at least 18 years old and have a valid Social Security number and successfully pass our identity verification mechanisms. In addition, individuals must comply with the State and Financial Suitability conditions before investing in Notes on the Lending Club site. Family trusts, companies or other organizations will need to contact us for verification purposes before becoming a lender. LendingClub Corporation also funds loans.