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:

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