Lending Club $25/$50 Bonus

by andy h on January 5, 2008

Lending Club is a person-to-person lending network where people can borrow and lend money among themselves. Visit the Lending Club website if you would like more detail on how it works.

The part I care about is that they offer a $25 bonus if you sign up as a lender and fund your account with any amount. They offer a $50 bonus if you open your account with an initial deposit of $1000 or more. They also are offering a 5% bonus if you lend $5,000 or more by February 3, 2008 for those of you who are willing to lend that much money.

They are also offering bonuses for referring new members. From their website:
When you refer friends to Lending Club and they become borrowers or lenders, we will deposit a bonus into each of your Lending Club accounts. You will each earn:

* $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

If you sign up through my referral link and open an account you will receive the $25 or $50 bonus and I’ll receive a bonus too. You can make this an almost no-risk deal by opening a lending account with a $1 deposit and then lending out the $25 bonus. Right now lending more money doesn’t make sense for me but I’m definitely going to take advantage of the bonus.

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