We are thrilled to announce that residents from the great state of Kansas can now apply for personal loans through LendingClub.com and borrow at lower rates.
Kansas is home to nearly 3 million people, an economy that boasts over $122 billion in GDP, and phenomenally successful name-brand companies like Sprint Nextel, Cessna Aircraft Company and Collective Brands, which is the parent company of Payless ShoeSource.
Kansas is named after the river that flows through it, which in turn was originally named after the Kansa tribe, the original inhabitants of the area. The name is often said to mean “people of the wind” or “people of the south wind,” which is quite appropriate since Dodge City is the windiest city in the United States (even though Chicago enjoys the famous “windy city” moniker).
Some interesting personalities from Kansas are: Amelia Earhart (aviation pioneer), NASA astronaut Ronald Evans, former President Dwight D. Eisenhower, former Vice President Charles Curtis, and former presidential candidates Bob Dole and Alf Landon.
Great movies set in Kansas include the Steve Martin comedy, Leap of Faith (1992), Paper Moon (1973) starring Ryan and Tatum O’Neal, and the all-time classic, The Wizard of Oz (1939). This was, of course, the film that coined the phrase, “there’s no place like home.”
If you call Kansas home and you’ve never heard of Lending Club, let us tell you about how our service works:
As of October 19, 2010, your neighbors to the East, West and South have all been busy on Lending Club, with more than $7.5 million in personal loans issued to residents of Kansas’ neighboring States through LendingClub.com:
Close to $170 million in personal loans has been issued through LendingClub.com nationwide and investors had received a Net Annualized Return of 9.67% as of October 19, 2010.
Want to learn more? Check out how Lending Club works and how we can offer better rates on personal loans.
We believe our service is able to play a vital role in Kansas by providing much needed capital to credit-worthy borrowers who want to pay down their credit card debt, purchase new fun toys like motorcycles, cars and boats, pay medical bills or expand their small business.
[i] 36 month loan of $1,000 to the highest rated borrower (Grade A1), $20 origination fee, 5.42% interest rate, $980 net proceeds, 36 payments of $30.16 at a 6.78% APR. Actual APR depends upon credit score, loan amount, loan term, and credit usage & history. APRs for 36 month loans range from 6.78%-24.95%. All loans made by WebBank, a Utah-chartered Industrial Bank.
[ii] Source for average starting credit card APR for consumers with “Good to Excellent Credit” calculated using headline rates on Credit Cards offered to borrowers with “Good to Excellent Credit” at www.creditcards.com as of 9/30/10.
To ensure balance in our marketplace, we make periodic adjustments based on investor feedback, marketplace demand, loan performance, and…READ MORE
Our mission at LendingClub is to empower our members on their path to financial health. As one of the…READ MORE