Friday, 27 July 2007

The lending club is a lending community where you borrow and lend money to fellow Facebook members. While bank customers can get only 5.5% interest on savings accounts, and while banks charge their lending customers 12.32%* on average for personal loans, Lending Club lenders earn from 6.95% to 11.68%, and borrowers on Lending Club pay as little as 7.45% APR. Not a bad idea.

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