For the investors and people seeking loans, Lending Club has come as a boon. It is a website to bring lenders and seekers for the loan at a common platform and provide them easy access in a process of lending and investing. Lending Club enables the borrowers to come in contact with the private lenders conducive to their needs making the whole process very simple.

The best part of Lending Club is that there is no overhead cost as is levied in the traditional banking system reducing the costs to borrowers and at the same time giving better returns to the investors.

Not every one can avail the services of Lending Club except those who can show excellent credit. The whole process is very simple and fast. Borrowers can easily fill application for the loans and lenders can also easily find out to whom they would lend their money. The whole application process from filling the application form to the final approval takes just three minutes. Amount of loan one can avail of is between 1000 to 25000 dollars. However lenders should have minimum net worth of $70, 000. Moreover, there is also a feature for the investors to sell or buy the notes.

Lenders and borrowers both can feel secure as their identity and personal information is protected. Also before approving lender and borrower, Lending Club verifies their credentials by verifying their credit cards, and their authenticity.

Lending club was started by CEO Renaud Laplanche in March 2007 and since has not looked back. So if you are a budding investor or want to avail the loan for your personal purposes, it is advised to avail Lending Club facilities.