If a borrower wants to get a loan from Lending Club's investors, they simply go through Lending Club's online application process and then Lending Club will provide instant approval and state an interest rate that the borrower can get a loan at. After the borrower completes their loan application, the loan will go into a 2 week funding period where individual investors can opt to partially fund part of the loan. After the loan is fully funded, the borrower will receive the funds and repay the loan across 36 or 60 equal payments. Lending Club takes care of the payment processing and distributes the borrower's payments back to the participating lenders.