Good news! Lending Club’s bonus is back up to $25 for new lenders. New Investors Get $25 to Invest in Lending Club notes. With average net annualized returns of 9.61% it’s a great time to join Lending Club and they will give you $25 to get started.
Lending Club was kind enough to allow me to offer my readers a special promotion: Open a lending account and receive a $25 bonus. You can use this bonus to make your first loan. To take advantage of this promotion, please click on this specific promotional link. Many of my readers have gotten the bonus and have enjoy their experience.
Here’s what to do:
- Go though this Special Lending Club link
- Fill in your name, email, password, and make up a user ID.
- Verify your identity
- Add your bank account and wait them to withdraw an amount less than $1
- Wait for a few days, and verify the amount that has been withdrawn.
- Deposit $1 to get $25 bonus.
- Bonus will show up after the initial deposit.
Currently, Lending Club is charging their borrowers 7.37% to 20.11% interest rate depending on their credit grade. Funding the type of credit grade is all up to you. The greater the risk you want, the greater the reward. Since I like to take very little risk, I have fund all my loans with credit grade of A. Luckily, no default so far on any of my loans.
My experience has been a positive one. I have funded several loans and the return has been good. There is no hard pull on my credit report. My recommendation is to fund your account and try out their lending program. You will get your $25 bonus money with nothing to lose since it’s free money.