Lending Club is a popular peer-to-peer lending institution that connects individual borrowers and investors. We’ve provided extensive coverage of Lending Club, Prosper and other peer-to-peer lending firms, and now you can get a $25.00 Lending Club bonus for registering as an investor with Lending Club.
If you’re not familiar with the idea of using peer-to-peer lending as an investment, consider the proposition of loaning one person $1,000 at a fixed interest rate. It’s likely a hit-or-miss situation as to whether or not the person will pay you back, because there are no consequences and often there are family relationships and friendships that complicate the repayment. Now consider taking that same $1,000 and lending it to 40 people at $25.00 each at a fixed interest rate, with actual loan documentation and collections procedures if the person doesn’t repay—That’s Lending Club.
Lending Club is an excellent alternative investment that allows you to partially fund loans to individuals. You can diversify your investment across dozens of different borrowers to minimize your risk, and some investors have been making returns between 10% and 12% for the last 2 to 3 years.
Lending Club has been kind enough to offer a $25.00 sign-up bonus for new investors that sign-up from American Banking News. This will give you a kick-start to begin investing and give you enough to fund your first loan.
To get your Lending Club Bonus, click on the Lending Club banner on the right or follow the link below:
Click Here to Get Your Lending Club Bonus.
[Update 1/26/2010: This bonus has expired.]
