Lending Club Introduces 5-Year Personal Loans
Borrowers can enjoy the benefits of a lower monthly payment, making budgeting and loan repayment easier.
Investors can now earn more interest by choosing 5-year Notes and receive 0.74% extra yield on B graded Notes and 1.86% extra yield on C through G graded Notes*, as compared to 3-year Notes. Investors also benefit from a lower annual impact of the service charge on their return: 0.45% on a 5-year Note vs. 0.71% on a 3-year Note on average.
We are thrilled to expand on our product offering that enables our borrowers to get great rates while investors earn better returns.
Get started right away. Browse Notes >
Happy borrowing and investing,
Notes offered by prospectus filed with the SEC.
* There is no extra yield on A Notes.
Tuesday, May 11th, 2010 at 2:30 am