About Lending ClubLending Club is a peer-to-peer lending service. The company provides an easy and fast way for borrowers of many credit types to receive a three- to five-year unsecured personal loan. To qualify, you need an active bank account, a credit check and employment verification. If your credit score meets the requirements, you're offered an interest rate and are allowed to place a loan request on the website. Your loan can be for just about anything and may be as large as $30,000. Individuals wishing to fund part of the loan pledge amounts until it is fully funded. The money is then transferred to your checking account. As payments are made, the individuals who funded the loan receive their money back with interest. Those funding loans can choose lower interest clients who have excellent credit or fund clients with lower credit scores at a higher rate of return. Lendingclub.com doesn't approve extremely high-risk loans, and the company has aggressive collection policies for the low number of loans that do default. It is common for these loans to be used for debt consolidation and home improvement. Giving Assistant has a number of Lending Club coupons and Lending Club promo codes that can save you money on your loan.