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What is Annual Percentage Rate (APR) through Lending Club?

An Annual Percentage Rate (APR) enables you to easily compare the cost of credit as you evaluate multiple loan offers. At Lending Club, the APR includes the yearly interest rate and an origination fee, which varies depending on the grade of the loan. The origination fee is deducted from the proceeds of your loan amount, whereas the interest rate is included in your monthly payments during the term of your loan.

All loans feature fixed interest rates and monthly payments, which means that they will never change during the term of your loan.

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