Peer to peer lending, a lending model that is gaining prominence, enables individuals to lend to each other and businesses, avoiding the traditional banking system. One of the most widely recognized companies in this domain is LendingClub. Initiated in 2007, LendingClub has been flourishing ever since. Their entire model is internet-based, enabling ease of access to anyone with internet connectivity who seeks information, wants to open an account, or needs to apply for a loan.
For potential borrowers
For those struggling to secure a loan from their bank, LendingClub might be a viable option. Stated on their website, they offer loans up to $35,000. The application process is entirely digital, and the loan repayments are made monthly, similar to any conventional loans…
For more information, continue reading: LendingClub: Peer to Peer Lending in the US
