Daily Deal! $25 Referral Bonus from Lending Club

by Rate Nerd on March 13, 2009

Good Deal from RateNerd.comGet a $25 referral bonus (and potentially more) by referring friends to join Lending Club.  You will also earn referal fees from their referrals – expanding your network three levels deep. 

lending-club-logo1Lending Club is a peer-to-peer (P2P) social lending network that lets borrower members borrow money through personal loans, and lenders fund these loans by investing in Notes. Each Note corresponds to a portion of a borrower loan.  Lending Club’s site currently offers borrowers rates as low as 7.88% APR, and says investors are averaging a 9.05% return on investment.

When you refer friends to Lending Club and they become borrowers or lenders, they will deposit a bonus into both your and your friend’s accounts:

Lending Club Referral Bonus - How It Works

Lending Club Referral Bonus - How It Works

  • $25 when your friend successfully submits a loan application
  • $25 when your friend opens a lender account with $1-$999
  • $50 when your friend opens a lender account with $1,000 or more
  • Downline referrals are worth $15 and $10 three levels deep.

Click here to sign up, then click on the “invite” tab in the upper right hand corner of the site.  There, you can invite friends individually, or really leverage your network by importing your contacts from your Outlook contact list, LinkedIn, Plaxo, Yahoo Mail, Gmail, Hotmail or AOL Mail.

Try it Now! Join Lending Club.

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  4. $100 Bonus for Personal Checking at Chase / WaMu – Daily Deal!
  5. $20 Bonus With Chase and WaMu Debit Cards – Daily Deal!

Tagged as: Bank Deals, Lending Club, personal loans

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Source of Making Money Tips » Blog Archive » Daily Deal! $25 Referral Bonus from Lending Club
March 13, 2009 at 8:30 am
Virgin Money – Keeping it in the Family | RateNerd
July 3, 2009 at 4:22 am

{ 2 comments… read them below or add one }

RateNerd March 24, 2009 at 11:11 am

By the way, here is a link to a good post over at MyMoneyBlog that has some Q&A on Lending Club. http://www.mymoneyblog.com/archives/2009/02/reader-questions-lending-club-peer-to-peer-lending-qa.html

Blogging Banks May 23, 2009 at 6:38 am

I am not big on the whole P2P lending scheme. I have seen many savers lose money overall with Prosper and Lending Club. Thus they would have been better off in a lower yielding but FDIC insured Certificate of Deposit.

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