As a regular contributor to the Lending Club blog, I’ve seen a lot of the reasons why it’s so successful. The bottom line is that borrowers and lenders can benefit by using Lending Club. Anyone with good credit can get a great rate on an unsecured P2P loan at Lending Club. Loan rates start as low as 7.62% for people with excellent credit.
As a lender, the great rates continue. You’d be hard pressed to find an alternative way to invest your money for similar returns despite the relatively low risk. The amount of risk you take on depends on how you set up your portfolio. The average portfolio return is currently 12.20%
If you’re interested in signing up for an account with Lending Club, you can use this referral link.
To understand how Lending Club can offer great rates to borrowers and lenders, see my post on the topic.
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