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LendingClub

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LendingClub

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LendingClub Reviews

Updated May 30, 2023

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Found 843 of over 862 reviews
3.4
53% Recommend to a Friend
LendingClub President and CEO Scott Sanborn
68% Approve of CEO

Found 842 of over 862 reviews

3.4
53%
Recommend to a Friend
68%
Approve of CEO
LendingClub President and CEO Scott Sanborn
Scott Sanborn
391 Ratings

What people are saying about LendingClub

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Consulting

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a 

Consultant

I applied for a savings account with lendingclub, didn’t receive an email or anything just a message at the end that in the next 3 days they’d get back. In your experience, how long does it take for them to send an initial message or approve the savings account?

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7 Comments

Finance

215.2K Members 

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Top Review Highlights by Sentiment

Pros
Cons
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Ratings by Demographics

This rating reflects the overall rating of LendingClub and is not affected by filters.

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  1. 5.0
    Former Employee, more than 1 year
    Featured Review

    A great place to work

    Feb 10, 2023 - Anonymous Employee in Boston, MA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    LendingClub is full of caring, passionate and intelligent people who are invested in the company's values and mission. My team at LendingClub inspired me to become the best version of myself, both professionally and personally! Highly recommend this place of work for young professionals looking to learn and grow in their early post-grad years.

    Cons

    I already miss working with my LendingClub friends!

    Be the first to find this review helpful
  2. 5.0
    Current Employee, more than 1 year

    Love it

    May 22, 2023 - Customer Care Representative in Lehi, UT
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great company culture Work from home Great hours Fair pay

    Cons

    It’s a customer service job so you might have to work some holidays

    Be the first to find this review helpful
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  4. 4.0
    Current Employee, more than 1 year

    Good company

    May 22, 2023 - Data Analyst in San Francisco, CA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    They take work life balance seriously, hire terrific people and allow for 100% remote work.

    Cons

    Systems integration, data infrastructure and warehousing, and IT support are weaker than they should be. There are still too many things done in spreadsheets.

    Continue reading
    Be the first to find this review helpful
  5. 4.0
    Former Employee, more than 3 years

    Fun and rewarding

    May 26, 2023 - Payment Processor in San Francisco, CA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Good culture and facilities. People seem to enjoy the work.

    Cons

    Not a lot of opportunity for growth

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  6. 2.0
    Current Employee, more than 1 year

    Not all bad but know what you're getting into

    Mar 11, 2023 - Compliance Specialist 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    LC does offer snacks and drinks at the office and free lunch on some days, so if that’s important to you, it’s not all bad there. They also offer a decent workspace—and a hybrid home/office schedule. I do think that’s a plus. LC offers pretty Competitive Salaries and even paid bonuses in a year that was not all rosy--and I respect that.

    Cons

    If you are looking to work for a bank that is under intense OCC scrutiny due to past indiscretions, has an established track record of regular layoffs, always puts profits before employees well-being, and expects employees to work long hours outside normal business hours , then LendingClub is for you! Don’t be fooled by artificially inflated ratings from employer rating companies (such as salary.com). LendingClub regularly pressures and badgers its employees to fill out positive employer surveys. It’s definitely skewed. Lending Club attempts to operate on a skeleton staff to maximize profits and, while their salaries appear very competitive, the workloads and time demands are extremely high due to understaffing in many department, perpetual examinations and non-stop putting out of fires. I can confidently say that the work/life balance here was not good for me or many of my co-workers at LC, despite any claims that it is important to the company.

    1 person found this review helpful
  7. 5.0
    Current Employee

    Great company

    May 17, 2023 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Love it. Great. Company. Nothing negative

    Cons

    Nothing negative. Love the company.

    Be the first to find this review helpful
  8. 1.0
    Former Employee

    NA

    May 30, 2023 - Member Service Representative in Lehi, UT
    Recommend
    CEO Approval
    Business Outlook

    Pros

    I have no pros to speak on

    Cons

    Only care about money Customer does not come 1st

    Be the first to find this review helpful
  9. 4.0
    Current Employee

    Overall good

    Apr 29, 2023 - Credit Risk Manager 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    International student friendly. Support dAY 1 greencard

    Cons

    Work Life balance is not very good.

    Be the first to find this review helpful
  10. 4.0
    Current Employee

    Nice team dynamic

    Apr 26, 2023 - Anonymous Employee in San Francisco, CA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    company benefits free snacks nice coworkers

    Cons

    work life balance is not ideal

    Be the first to find this review helpful
  11. 1.0
    Former Employee, less than 1 year

    Aweful Company

    Jan 11, 2023 - Payment Solutions Specialist 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    This company is very untruthful with there the company had great health insurance benefits, and that’s all.

    Cons

    This company is very untruthful with their employees. They lie to them Constantly saying they aren’t struggling with money, but cut everyone’s incentive bonus down by A LOT and use the excuse that the finance department made a mistake for 4 months and overpaid us all for months and they are now resolving the issue. They tell you that you can move forward in the company after 6 months and promise a raise after a year but neither promises were fulfilled. I’ve seen great team leads and managers get put back onto the phones with their entire bonus cut out completely and no money added to their check without a notice. They expect you to work every single day and give them all their attention but do nothing for you. They preach honesty but are the most dishonest people with their employees and customers.

    Continue reading
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LendingClub Reviews FAQs

LendingClub has an overall rating of 3.4 out of 5, based on over 862 reviews left anonymously by employees. 53% of employees would recommend working at LendingClub to a friend and 46% have a positive outlook for the business. This rating has decreased by -12% over the last 12 months.

According to anonymously submitted Glassdoor reviews, LendingClub employees rate their compensation and benefits as 3.5 out of 5. Find out more about salaries and benefits at LendingClub. This rating has decreased by -4% over the last 12 months.

53% of LendingClub employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated LendingClub 3.3 out of 5 for work life balance, 3.3 for culture and values and 3.2 for career opportunities.

According to reviews on Glassdoor, employees commonly mention the pros of working at LendingClub to be career development, culture, benefits and the cons to be senior leadership, compensation, management.

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Glassdoor has 862 LendingClub reviews submitted anonymously by LendingClub employees. Read employee reviews and ratings on Glassdoor to decide if LendingClub is right for you.