The Lending Club is a US-based peer-to-peer lending service, headquartered in San Francisco. They provide quick loans and a platform for investment. It works in two ways; if you’re experiencing cash shortage, you can borrow from Lending Club; On the other hand, if you have excess cash, you can invest it safely in Lending Club.
Lending Club was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission. Personal loans ranging from $1000 – $35000 can be accessed from the Lending Club.
The better your credit, the higher the loan offer you will receive. In the case of over 2 Years Operating History, the subscriber can potentially get a business loan up to $300,000. You can access Lending Club offers through Myinstantoffer.com. Follow the steps below to get started;
How To Apply for Pre-Approved Loan
If the subscriber receives an offer letter in the mail for the Lending Club Offer, he/she will follow the instructions below:
1) The subscriber should find the personal funding code located on the offer letter. It will be a combination of 12 numbers and letters long.
2) The subscriber will then follow the instructions and enter his/her personal information as requested on the loan application.
Lending Club’s terms and conditions are easier to fulfill as compared to the others, this has given them a competitive advantage over similar platforms.
- Borrower’s Perspective
In case one is a borrower, one can fill out an easy online application. There are no prepayment penalties along with low rates and flexible terms. The borrower can watch people invest in the loan and choose the offer. One can get fast funding directly to the bank account.
- Investor’s Perspective
As an investor, one can get solid returns with historical returns by Grade A-C of 4.74% to7.98%. One can just open an account and transfer funds into it. The investor can easily build a portfolio by investing in a range of Loans in increments as little as $25. The investor will get monthly payments of principal and interest as borrowers repay their loans.
So, it does not matter if the subscriber is a borrower or investor, Lending Club benefits both and complements one another. It gives those wanting a loan, a medium for borrowing and investors a way to make a steady income and build a loan portfolio.
Customer Service Contact
The customer service contact of www.myinstantoffer.com and its parent and administrative body Lending Club is using their official site. This number can be reached at any time 24 hours a day and seven days a week. It is that easy.