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Lending Club Exceeds $5 Billion in Personal Loans

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Financial Innovation

If Lending Club’s expansion succeeds, it’s more likely that it will be the company that hooks you up when it’s time to buy that new car, send the kid to college, or pay off that high-interest credit card. And those with money to save will be more likely to lend it out for vastly better interest than the near-zero rates that bank savings accounts offer today.

reuters

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."