Major purchase


Borrower Member Loan 382521 | Lending Club Prospectus

New to Lending Club? Learn more about Investing or getting a loan.

Amount Requested
$4,000
Loan Purpose Major purchase
Loan Grade A3
Interest Rate 8.00%
Loan Length 3 years (36 payments)
Monthly Payment $125.35 / month
Funding Received $0 (0.00% funded)
Investors 85 people funded this loan
Note issued on n/a
Note Status Removed
Loan Submitted on 3/5/09 4:17 PM

Borrower Profile

This information is only accessible once you register as an Investor. Please sign in or join now.

Loan Description

I want to purchase a 2003 Kawasaki Concours from my roommate's boss.
   

Questions & Answers

Q: What is your primary source of income? Do you own/lease any other vehicles?
A: (03/06/2009-11:24) - I have a full time job as a mechanic. I am currently financing a 2008 Honda Civic that I drive daily.

Q: Will the motorcycle be a gift or will your roommate's boss be paying you back?
A: (03/06/2009-11:26) - The motorcycle will be for myself to ride. The current owner is my roommate's boss. I will be buying it from him.

Only registered Investors can ask questions.

Financial Innovation

The San Francisco company, which made nearly $100 million last year, is hoping to seize on the success of the online lending industry as it grows into a robust alternative to traditional loans, and validate the industry as a high-tech, quicker version of bank lending that is here to stay.

reuters

Featured Borrower

Andy

"The interest rate on my loan through Lending Club is a third less than what I was paying before, and it’s very satisfying to know that there is an end date for being done with my debt."