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Lending Club

Credit marketplace for peer-to-peer lending

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Reviews

 
Helpful
  • San Mc DillonDigital Marketing, Onata
    Pros: 

    Lending Club’s terms are so clear, and their pattern of service so well established,.

    Cons: 

    Some users may be required to supply copies of tax documentation.

    "Lending Club." Is the best to get a loan in my financial situation.

    San Mc Dillon has used this product for one week.
    Comments (0)

Discussion

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Ali R. Tariq
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Nick O'Neill@allnick · CEO, Holler Inc.
I'm currently getting 14% on lending club. Have been lending money on there for over a year now.
Upvote (1)·
Ali R. TariqHunter@alirtariq · Product Designer, Manulife RED Lab
@allnick wow, that's astronomically high relative to rates available from traditional banks. How has your experience been? Any defaults, if you don't mind me asking?
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Nick O'Neill@allnick · CEO, Holler Inc.
@alirtariq yes, defaults are a fact of life but the basic idea is that you don't invest more than $25 in each investment. If you put at least $10k in they have an automated diversification system
Upvote (1)·
Ali R. TariqHunter@alirtariq · Product Designer, Manulife RED Lab
I have no affiliation with these guys, but I found the business model fascinating. Has anybody actually used this? If this succeeds, I reckon it could have far reaching implications on financing and personal banking in general.
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Stefano Bernardi@stefanobernardi · Investor
@alirtariq seems a bit late stage to post on Product Hunt. They're about to IPO.
Upvote ·
Ali R. TariqHunter@alirtariq · Product Designer, Manulife RED Lab
@stefanobernardi I figured they were under-the-radar enough to share with the community.
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Ryan J Negri@ryannegri · Co-Founder & CEO, Laicos.
@alirtariq Have you tried Prosper before?
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Ali R. TariqHunter@alirtariq · Product Designer, Manulife RED Lab
@ryannegri Nope - just checked it out. Very interesting. What's your take on it?
Upvote ·
Ryan J Negri@ryannegri · Co-Founder & CEO, Laicos.
@alirtariq I used it back in the day (first few years of launch). They seem pretty good, but never really "blew up". I think they could with the right people behind them. It seems they could pivot to a crowfunding platform for startups for equity instead of buying products like KS and INDGOGO.
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