What is the Lending Club origination fee?

Lending Club is an online marketplace - we bring borrowers and investors together and charge fees to both when we deliver. As a borrower, you'll pay an origination fee between 1.00% to 6.00% of the loan amount, depending on your loan grade (A1-G5, depending on credit rating). It's deducted from your loan proceeds, so the loan proceeds you receive will be less than the full amount of the issued loan.

For example, if you receive a $6,000 36-month loan at an interest rate of 6.97% with a 3.5% origination fee of $210.00, you'll receive a loan amount of $5,790.00 and will make 36 monthly payments of approximately $185.18 at an 9.39% APR. 

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