start investing with LendingClub

start investing with LendingClub

Before you start making some income with LendingClub there are few steps you have to complete to setup your online account. Eligibility & verification of investor account is mandatory before you top-up your account & start investing. There are multiple options available including individual, joint, or trust account to tailor your needs.

The first step is to verify and then add money in your LendingClub account via your bank. The process is easy and usually takes few minutes to fully setup and activate your account.

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LendingClub investor requirements

LendingClub investor requirements

When looking for a source of passive income investing with LendingClub peer to peer loans network is one of great options. However, there are some requirements which one have to fulfill to become an eligible investor.

Financial Eligibility:

Building a LendingClub note portfolio the level of risk and return scenarios do not matter much enough. Moreover, there is no restriction on investment strategy. But whenever you deal with NOTES, investor has to meet some specific criteria. Investors residing in states other than California must have annual gross income of at least $70,000 and a net worth of at least $70,000 excluding home, furnishing & automobile.

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