As the current borrowing market remains stagnant, the peer to peer loan market makes a pitch at the right kind of lenders and borrowers through internet social networking

This requirement of easy lending and borrowing has led to the creation of the Lending Club. This is a social lending network where members lend and borrow money from each other at better rates, bypassing the banks. The Lending Club has already issued more than $20, 000,000 in loans at better rates than banks.

With easy terms of investment and lending Lending Club is likely to become a huge success in the near future.