Right now through December 31, 2009 (yup, today) Lending Club is offering borrowers a $150 Amazon gift certificate for a new loan. Here’s the details from the email I received:
Have you considered applying for a low, fixed-rate loan from Lending Club?
As a Lending Club investor you already know that funding loans is confidential, quick & easy. As a holiday bonus to current Lending Club Members, you’ll get a $150 gift card to Amazon if you get a loan in the month of December!*
Whether you are looking to transfer credit card balances or consolidate other debt, a loan from Lending Club can be the perfect solution. Here are just some of the benefits of a Lending Club loan:
Low, fixed interest rates. Unlike credit cards, your interest rate will never change.
No hidden fees. Period.
36 equal monthly payments. Payments automatically deducted from your bank account.
No pre-payment penalties. You can pay off the loan at any time with no penalty.
Private & Confidential. Your personal information and identity is kept completely private and confidential.
Apply in just 3 minutes and get an instant decision >>>
As a Lending Club investor you will need to create a new account, using an alternative email address, to apply for a low, fixed rate loan.
Sincerely,
The Lending Club Team
There is no prepayment penalty on the loan, however there is a small origination fee based on your credit rating. With what they referred to as an A2 rating, my fee was $12.50 on a $1000 loan. $1000 is the minimum you can borrow. The process was pretty easy and I’ll end up netting $137.50 less whatever interest accrues on the loan in the short time before I pay it off (a few days at 7.4% shouldn’t be much). Slick deal!
Click here to apply and get in on this deal. Enter in the referral code Member_596953 and you’ll earn us a bonus as well and help support this site. If you want to sign up as a lender with that code you’ll get a $40 bonus, but I don’t think we earn anything from the referral.
Thanks for your Information