First there was Prosper, now there’s a new kid on the block called LendingClub. LendingClub is another peer to peer lending marketplace where lenders can lend and borrowers can borrow, all in the same paradigm as existed at Prosper.
So, if it’s the same, why bother mentioning it? Well with another lending marketplace comes another promotion offer to entice you to join and lend (or borrow) some of your hard earned cash. If you sign up for LendingClub through that link, you get a bonus for joining and lending (or borrowing) and I get a bonus (the same bonus). The bonus is:
- $25 when your friend becomes a lender or borrower OR
- $50 when your friend opens a lender account with an initial deposit of $1,000 or more
So, join up, open an account and deposit $1,000, and get a quick 5% return with a $50 bonus. You may even be enticed to pick out a few loans to lend to!
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