About LendingClub

LendingClub is a peer-to-peer lending network where investors fund 3yr personal loans for borrowers. LendingClub rely’s on their investors to fully fund all loans requested by borrowers. Allowing the average person to make money on personal loans that were typically reserved for banks. Their lending process is quick and painless and loan applications can be completed in 3 minutes. Investors are then given the ability to browse the open loans and to determine what risk strategy they plan to use to invest in the loans.

For Investors

LendingClub is currently offering a $25.00 bonus for all new investors who sign up to invest in loans with them. LendingClub investors have been earning a net annualized return of 9.65% since 2007.  That rate of return is far above and beyond what you can get at regular banks or in CDs. You make your returns by investing in the personal loans of borrowers from the bank. The higher risk you are willing to take on a borrower the higher your returns could be. There is a $25 minimum to invest in any loan. Open a free account today to get your $25 bonus and start making your money work harder for you.

For Borrowers

If you are in need of a personal loan and have good credit Lending Club can be a good solution over you local bank or other lender. They offer 3 year unsecured loans at a fixed interest rate. These personal loans are great for consolidating debt, paying off high interest credit cards, purchasing a home, or even going back to school. On top of the other great benefits to LendingClub they have recently reduced the costs of their loans by 50 basis points which translates into roughly .50% less than they used to charge for the same 3-year loans.

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