Lending Club is US based company having Head-Quarter in the state of California, the city of San Francisco. It is the first peer to peer lending organization which works on the securities. It provides its offering through registration as securities and Securities & Exchange Commission. Lending Club is the lender which provides a variety of lending facilities through online process and help borrowers by sanctioning of loans and also beneficial for investors who can take notes back by the loan payments. It is also considered as world’s biggest peer to peer loan advancing company which has biggest loan portfolio till to date.
It is providing a variety of loans to the customer who is eligible for the set criteria by the company. Mostly they are selling Personal Loan, Business Loan, Auto refinancing and Patient solution Loan. Here, our focus on its unsecured product, “Personal Loan”. The company is advancing this facility ranging from $10000 to $40000 for the maximum tenure of Three years. All the information is available on the official website of Lending Club. Loan listing can be searched by investors and selection of borrowers according to the purpose of the loan, grade of loan and amount of loan. The company works like a bridge which generates its revenue by taking service charges from investor and fee from borrowers.
In order to apply for an unsecured product, personal loan, you have to go through the few steps which are mandatory to apply for this type of loan.
Instructions To Be Followed:
- First of all, click on the link www.lendingclub.com and access the main page through a web browser.
- On its main page, select the tab “Borrow” and then click on personal loan facility.
- An online form will be displayed on the same page, requiring some information before to apply.
- Enter how much you need a personal loan, what’s the money for? How’s your credit? Then click on “check your rate”
- Next, a new window will open about whose apply? Either one person or Two, click on the appropriate tab and then next.
- After this, procedural steps will open that need to fulfill accordingly.
Getting personal loan facility is a unique solution for you if you want to spend cash on big expense or want to clear your creditors because the company is offering personal loan on very low rate as compared to credit card. So, personal loan facility can save your interest in making a big purchase or for completion of any project.