Thinking about joining Lending Club? 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. Deposit as little as $1 to get your $25 bonus. Many of my readers have gotten the bonus and have enjoy their experience.
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.
Here’s a recent email about their new $100 bonus for depositing $2500 for current members
Dear xxx,
Wondering about diversification? Many Lending Club investors know that diversification is the key to lowering the impact of a few defaults.
As a March bonus, we would like to offer you up to a $100 Cash Bonus on new funds you deposit.
If between March 11, 2010 and March 26, 2010, you fund your account with:
* an additional $1,000-$2,499.99, Lending Club will GIVE you a $25 Cash Bonus**, or
* an additional $2,500 or more, Lending Club will GIVE you a $100 Cash Bonus**
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