Once you pay off your existing loan, you may be eligible for a prorated refund of the unearned portion of the origination fee over 5%. For example, if the origination fee on your existing loan was 6%, you'll get a prorated refund for 1% of the origination fee.
After my existing loan is paid off, do I get a refund of my origination fee?
Additional Payments FAQ
Keep more of what you earn and earn more on what you save.
Check your rate. It won’t impact your credit score.2
LendingClub Resources
Related Articles
Auto loan refinancing is when you use a new car loan to pay down your old loan—often with a lower monthly payment or interest rate.
Debt consolidation is a debt management strategy that uses methods like a debt consolidation loan to combine multiple debts into an easy-to-manage monthly payment—usually with a lower interest rate.[1]
Allowances are common in the U.S., but it’s important to weigh out the pros and cons before giving your kids an allowance.
A growing number of school districts are adding financial literacy to the high school curriculum with the goal of increasing teen’s financial skills. Do you remember learning about money?
Self-care doesn't have to be expensive. Here are some creative, low-cost strategies to boost your mental well-being.
Related FAQ's
At LendingClub Bank, we care about your financial health. We make it easy for you to make payments that keep your account on track.
If you believe that your credit report contains inaccurate or incomplete information, you can dispute it directly with the agency that’s reporting it.
We offer several ways for you to make your monthly auto loan payment, so you can choose the method that works best for you. A statement will be mailed to you every month that shows the payment amount and due date.
LendingClub provides a year-end statement that summarizes your account activity, including how much interest you’ve earned and information regarding Notes tied to loans that have been charged off.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
Your Privacy Choices
