P2pLoans

Title: Lending Club Loan Interest: Factors Contributing Beyond FICO Score

Introduction:

The Lending Club is an online bank that claims to "cut the cost and complexities of bank lending and pass the savings on to borrowers.(how-peer-lending-works.action club). In this study we will use lending data on Loans made by Lending Club to find and quantify associations among the items that make up a borrowers profile. These data include information on 'Amount.Requested', 'Amount.Funded.By.Investors', 'Interest.Rate', 'Loan.Length', 'Loan.Purpose','Debt.To.Income.Ratio', 'State', 'Home.Ownership', 'Monthly.Income', 'FICO.Range', 'Open.CREDIT.Lines', 'Revolving.CREDIT.Balance', 'Inquiries.in.the.Last.6.Months'and 'Employment.Length'

References

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1. club https://www.lendingclub.com/home.action Lending Club, Suite 300 San Francisco, CA 94105, USA

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