If you’re a visual learner, you’re going to love Lending Club’s new statistics page.
The new page takes all the granular, nitty gritty data that Lending Club collects on it’s borrowers and lenders and turns it into a beautiful, almost sensory, colorful experience.
Lending Club's new stats page
Data Highlights
- 79% of Investors are earning returns between 6% and 15%
- Lending Club has issued over 61 million in loans to date
- 58% of Lending Club borrowers use their loan to consolidate or payoff credit cards
- The highest returning loan purpose? Renewable Energy Financing at 10.58%
- The lowest returning loan purpose? Moving Expenses at 4.59%
- “E” credit grade borrowers are providing the highest average return of 10.88% (”A” credit grade is the highest)
Get $25 to Lend at Lending Club
Lending Club is still giving you $25 to lend if you sign up using this link.
My Lending Club returns
My current return with Lending Club is at 9.15%. I’m going to be moving a decent chunk of my cash fund into Lending Club in the next month.
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I’m a huge fan of Lending Club and heard about this functionality coming out a couple of weeks ago. It’s great stuff, but I have to say I’m disappointed that the statistics section is for Lending Club as a whole. I would be much more interested in a statistics section for my own investments… tracking the historical account data and returns, inputting my own stock or funds to compare my account against, etc. Lending Club currently has no way of tracking your account’s historical data, such as account value on a certain date. You can only get the current status of your account. For now, I’ll have to continue using my Excel spreadsheet to monitor my account manually to accumulate historical data in this way….