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Decoding Lending Club Loan Data, Insights from 4 Mn+ Data Points

In this exclusive in-depth analysis, a loan expert sat down with our analytics team and analyzed the loan data of Lending Club to gain insights on the company's lending services. In a previous article, we had covered certain aspects of loan applications in Lending Club, especially with respect to acceptance and rejection of loans. In this article, we bring insights on more factors attributed to loan applications.

What was the official grading of accepted loan applications?

The loan grade allotted by Lending Club to loan applications is the result of a formula that takes into account not only the borrower’s credit score, but also a combination of several indicators of credit risk from the borrower’s credit report and loan application. The a ...

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