Lendingclub.com announced today that now users of all 50 states can borrow money through Lendingclub.
Prosper.com is covering 47 states, but in some states borrowing is restricted to business purpose loans.
loans
Lendingclub to offer data export soon
Rob Garcia, Director Web Production of Lendingclub, told P2P-Banking.com that Lendingclub will offer data export soon. The data on loans will be supplied in XML or Excel format and allow anybody to do their own statistical analysis. Lendingclub will announce the availability of the data export in it's blog.
Lending experiences at Lending Club
In a post at PersonalLoanPortfolio the first experiences of a lender at Lendingclub.com are given. The author says the Lendingclub website was easy to use and understand, but states that the list of loans to fund is too small, resulting in him investing only $400 instead of the planned $500.
If you are a lender at Lendingclub please share your experiences.
New MyC4 release
Today a new MyC4 release went online. The new version allows multiple standing orders which can be targeted by country, provider and/or industry of the borrower. There are several small improvements in usability, e.g. display of borrower APR.
MyC4 users have transfered 507,000 Euro in funds, but so far only 214,000 Euro of those have been loaned. Demand in loan opportunities is lagging behind investor's cash looking for investments. The majority of lenders (investors) still is Danish – MyC4 is located in Denmark, but the number of investors in other countries is rising.
So far I am satisfied with MyC4. I have invested in more than 50 active loans – true microloans – sometimes my share is as low 10 Euro – and so far everything is going smooth. Another 16 bids are on open listing opportunities.
Latest changes at Lendingclub
Lendingclub.com now enables members to be a borrower AND a lender. Borrowers can have multiple loans, credit policy guidelines permitting. Lendingclub also added a Q&A feature and improved statistics. The new referral program enables this offer:
$25 bonus for you, when you sign up as a lender here (bonus credited after you funded your account)
$25 bonus for you, when you sign up as a borrower here (bonus credited after loan application)
More Globefunder details
Globefunder is (still) announcing to launch its peer-to-peer lending service soon.
To keep you occupied reading while waiting, P2P-banking.com has gathered some tidbits of information on Globefunder (US launch):
- Maximum loan amount will be 25000 US$
- Minimum credit score for applying borrowers will be 640
- Globefunder will use data of Experian, CSC and eDominate to screen borrowers