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Lending Club Loan Availability in Second Half of 2013

Posted by Anil Gupta | Sunday January 5, 2014, 11:53 am | Categories: Lending Club


The PeerCube home page updates and displays the availability of loans at both Lending Club and Prosper platforms on regular basis. Recently, I decided to review this data for Lending Club.


Weekly and Daily Loan Availability

The chart below shows the total New Loans released and average number of loans available per week on Lending Club platform for past seven months. On average, 4,042 new loans were released on weekly basis and on average 225 total loans were available on the platform at any time.



Between July and September of 2013, both the number of new loans released and total loans available on the platform were declining, albeit total loans available on the platform were declining at much faster rate. While Lending Club has more than doubled the number of new loans released on the platform since then, the total loans available at any time has never recovered to prior levels.


The chart below shows the total New Loans released and average number of loans available per day. On average, 589 new loans were released on daily basis and on average 224 total loans were available on the platform at any time.



The pattern in new loans released and total loans available on daily basis are similar to the ones observed above on weekly basis. This trend indicates that the demand for loans has significantly outstripped the supply of the loans.


Weekday Loan Availability

The chart below shows the total New Loans released and average number of loans availability each weekday. The volume of new loan released and total loans available trends downward as week progresses. The late weekend and early in the week appears to be a good time for peer to peer lenders to find loans.



Hourly Loan Availability

As the chart below shows the most new loans are released at 2:00pm but the most total loans available are at 6:00am and 6:00pm release times. Lenders who prefer to chase the new loans at release time may benefit by picking loans at 2:00pm release time.



Key Takeaways
  • The demand for loans is significantly greater than the supply despite more than doubling of new loans released.
  • The weekend and early in the week may be a good time for lenders to find loans.
  • The largest volume of new loans are released at 2:00pm release time.

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