Interesting. Pls elaborate on Zopa?
On Wed, Jun 24, 2009 at 10:56 AM, Tung Le Hoang <tunglh@gmail.com> wrote:
great stuff. sound likes my mate giles' zopa business.
--
Tung
+44 7727147690
+84 917501937
+65 81954713
2009/6/20 Yinglan Tan <gingkocapital@gmail.com>:
> Hi tunglh@gmail.com,
>
> I've made an small pilot experiment investment with Lending Club and it has
> seemed to pay off. I wanted to share this with you.
>
> Lending Club enables individual investors and well-qualified borrowers to
> get better rates than with banks or credit card companies. Their
> straightforward, online approach operates at a cost much lower than the big
> banks.
>
> It's no secret that banks are now charging people with good to excellent
> credit 15%-25% interest for loans and credit card debt.
>
> Lending Club offers a better alternative with a simple and transparent model
> that leverages 50 years of credit default trends to set interest rates.
>
> The result is that Lending Club facilitates loans at an average rate of 14%
> -- a lower rate than most creditworthy borrowers pay on their credit cards
> today.
>
> And Lending Club investors have earned an average of 9.05% in the last 20
> months. That's because when you cut out the costs of traditional financial
> institutions' overhead and complexity, you end up with a better rate for
> borrowers and better returns for investors.
>
> https://www.lendingclub.com//invite/respond.action?int=67555&referrer=gingkocapital
>
> Best,
> Yinglan
>
>
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--
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- Tan Yinglan
yinglantan@stanfordalumni.org
yinglan_tan@hksphd.harvard.edu
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