Last week Lending Club announced that, for a limited time, it will forgo the 1% lender service fee on loans in excess of $20,000 for the entire life of the loan. 

P2P Lending News reports:

“Lending Club is likely dropping its service fee on a test basis to increase investor demand in larger notes. Because borrowers with larger loan sizes have much larger payments, investors tend to see them as riskier investment options.”

Lending Club has not yet disclosed how long the fee waiver will last.