LendingClub vs CommonBond

Struggling to choose between LendingClub and CommonBond? Both products offer unique advantages, making it a tough decision.

LendingClub is a Business & Commerce solution with tags like peertopeer-lending, loans, investing.

It boasts features such as Peer-to-peer lending, Automated loan approvals, Credit risk modeling, Loan servicing, Investor tools and pros including Access to new asset class, Potentially higher returns than savings accounts, Automated investing, Fractional loans allow diversification.

On the other hand, CommonBond is a Business & Commerce product tagged with student-loans, loan-refinancing, personal-finance.

Its standout features include Online student loan refinancing, Competitive interest rates, Flexible repayment terms, Cosigner release option, Unemployment protection, Forbearance options, and it shines with pros like Can potentially lower monthly payments, No application or origination fees, Option to release cosigner after making 12-48 consecutive on-time payments.

Feature	LendingClub	CommonBond
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Business & Commerce

Product Overview

LendingClub

Description: LendingClub is a peer-to-peer lending platform that allows investors to lend money to individual borrowers. It provides an alternative to traditional lending by connecting borrowers directly with investors online.

CommonBond

Description: CommonBond is an online lender that provides student loans and refinancing options. They offer competitive interest rates and flexible loan terms to help borrowers save money.

Key Features Comparison

LendingClub Features

• Peer-to-peer lending
• Automated loan approvals
• Credit risk modeling
• Loan servicing
• Investor tools

CommonBond Features

• Online student loan refinancing
• Competitive interest rates
• Flexible repayment terms
• Cosigner release option
• Unemployment protection
• Forbearance options

Pros & Cons Analysis

LendingClub

Pros

• Access to new asset class
• Potentially higher returns than savings accounts
• Automated investing
• Fractional loans allow diversification

Cons

• No guarantee of returns
• Higher risk than savings accounts
• Illiquidity of loans

CommonBond

Pros

• Can potentially lower monthly payments
• No application or origination fees
• Option to release cosigner after making 12-48 consecutive on-time payments

Cons

• Must meet eligibility requirements for refinancing
• No federal student loan benefits like income-driven repayment plans

Pricing Comparison

LendingClub

• Subscription-Based

CommonBond

• Subscription-Based