Who is the borrowing club?

The Borrowing Club is one of the Nation’s most dynamic and fastest growing personal loan consulting, advisory and assistance companies in the industry. There are different ways to consolidate debt and consolidation loans typically provide you with a specific amount that pays off all your outstanding debts.

What is a good alternative to borrowing from Lending Club?

Another alternative to borrowing from Lending Club is Prosper. One of the first peer-to-peer lending platforms, Prosper has grown to $14 billion borrowed since 2005. Loans have fixed three or five-year terms and a single monthly payment with no prepayment penalties. Fixed-rate loans range between $2,000 and $40,000.

Is Lending Club for You?

It’s essential to recognize that Lending Club is not for everyone. Even if you can qualify for a loan, it’s a good idea to crunch the numbers to determine if their rates and repayment terms are your best option. Click here if you’d like to learn more about Lending Club and if it meets your needs.

What is Lending Club interest rate?

Lending Club interest rates vary between 6.46% and 27.27%, depending on the loan grade. Loans are graded from A to E, with A being the best grade with the lowest rate. There are no application, brokerage, or prepayment fees. There is an origination feeyou pay for each personal loan. The fee ranges between 1 and 6% of the loan amount.