In its 10th week of service Lendingclub.com has announced new features:
- Minimum loan amount is now $500 (down from $1000)
- The automatic diversification mechanism LendingMatch can now be used with as little as $500. LendingMatch uses the $500 to build a portfolio of 25 different loans
- claims usability improvements on referral program, that pays $5 for successful invitations
- borrowers in Arizona can use Lendingclub