The platform fee is the service charge deducted by LenDenClub for managing your lending, facilitating transactions, and maintaining the lending platform. This operational fee supports the essential activities required to offer a smooth and reliable lending experience. It includes:
- Matching lenders with verified borrowers
- Platform maintenance, technology infrastructure, and system uptime
- Processing, movement, and reconciliation of repayments
- Customer support, reporting tools, and compliance-related activities