LendingClub Bonus Update

It looks like LendingClub has sweetend the pot on its bonus offer when you open a new account.

They are now offering 5% of anything you lend over $5000.  So, for example, if you lend $7,500 Lending Club will credit your account with $7,500 * 5% or $375. You need to subimt your loan bids by February 3rd, 2008 to receive the 5%. LendingClub will notify you of the amount of your bonus by the end of day, Friday, February 8th, 2008. Not a bad deal if you were going to loan out the money anyway.

If you are not willing to part with more than 5k, they are still offering the following signup bonuses when you lend less:

$25 bonus when you open a lender account with $1-$999

$50 bonus when you open a lender account with $1,000 or more

I have already dropped $500 into 20 various loans and have received my $25 Bonus. We’ll see how this works out.

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NOTE: For posts that contain bonuses, be sure to read the post for bonus expiration dates. Links may work but the bonus may have expired.

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