Car financing


Borrower Member Loan 444464 | Lending Club Prospectus

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Amount Requested
$5,950
Loan Purpose Car financing
Loan Grade A3
Interest Rate 7.74%
Loan Length 3 years (36 payments)
Monthly Payment $185.76 / month
Funding Received $5,950 (100.00% funded)
Investors 103 people funded this loan
Loan Status Fully Paid
Loan Submitted on 9/20/09 3:38 PM

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Loan Description

I have excellent credit and I am interested in obtaining a loan.
   

Questions & Answers

Q: Why aren't you using traditional banks for this loan? I'm sure you can find $6,000 for less than 7% with a 780+ credit score...
A: (09/21/2009-06:59) - I tried speaking with the bank that holds my car note and they were unresponsive. I tried taking a loan on my life insurance and they wanted 8%. My credit score is probably a little less than 780 somwhere between 760-770. I am also interested in testing the whole peer to peer lending idea.

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Featured Borrower

Adrian

"Not only was my interest rate much lower, the process was so easy– all online with no need to physically go to the bank to fill out even more paperwork."