Peer-to-Peer lending giant, Lending Club, is offering a $150 bonus to borrowers that take out a personal loan through Lending Club through February 28th.
Borrowers that take advantage of the offer will have a one-time deposit of $150 made into their associated checking account after making their first payment.
Here are the details of the offer that were sent out to current Lending Club investors via email:
To qualify for the onetime $150 payment your loan must be listed between February 3, 2010 and February 28, 2010 and be fully funded prior to midnight PT on March 15, 2010. You will receive your $150 payment once your first loan payment is received by us. The onetime payment will be taxable so please consult with your personal tax consultant. You are responsible for any taxes related to this offer.
Lending Club announced the move as the company re-brands itself, ditching the orange and black colors that the company has sported since 2007 with a brighter color scheme that makes use of the colors of the American flag. The rebranding will include a new logo with blue and red text on a white background and a redesigned website.
Lending Club is the fastest-growing lender offering personal loans funded directly by individual investors rather than by banks. Borrowers often use Lending Club’s unsecured loans to pay for a major purchase or to consolidate debt.
Lending Club borrowers have the benefit of paying low, fixed rates on their loans. There are also no prepayment penalties on Lending Club loans and there are no hidden fees, no balloon payment, or surprise increases in your monthly payment that you may see with other lenders.
To apply for a Lending Club loan, visit LendingClub.com
