Lendingclub introduces new features

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



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