Loanio $25 P2P Referral Bonus

by Andy Hough on October 15, 2008 · 5 comments

Loanio is the newest P2P lender on the scene. They are an auction based, peer lending platform where individuals can borrow or lend money to each other. By cutting out ‘traditional lenders,’ and adding an auction based element, borrowers can get lower rates and lenders can get higher returns than other banking options. They are the only real alternative to Prosper right now.

I’ve been making over 11% on my P2P loans.  That isn’t even considering the referral bonuses which make the deal even better.  Right now at Loanio every time you refer a new borrower who gets a loan, you’ll earn $50.00 and for every new lender referred, you and the new lender will receive $25.00.  Sign up through this $25 bonus referral link.

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{ 4 comments }

1 Steve October 15, 2008 at 7:51 am

Is the $25 bonus for signing up as a new lender, or do you actually have to complete a loan?

2 Andy/Admin October 15, 2008 at 9:22 am

I believe you have to complete a loan. They have more details at their site.

3 Dividend Growth Investor October 15, 2008 at 12:47 pm

Andy,

What is the minimum loan amount that you could make? Is it $25 or $50?

By the way Lending Club is back. They just sent me an e-mail about it.

4 Andy/Admin October 15, 2008 at 1:40 pm

From what I understand $50 is the minimum loan amount but you have to deposit at least $100 in your account. Lending Club sent me an email also. It is good that they’re back since now Prosper is gone.

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