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Google Enticed By P2P Lending - Looks To Finance Partners Through Lending Club

google lending clubFrom -

These unsecured loans will be for a period of two years.

In the first year the interest rate will be fixed at 5% and is subject to increase or decrease based on the previous year’s performance.

A maximum rate of 9.99% can be charged in the second year and the pay-back schedule of the loan has been designed to match the cash flow.

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Editor’s Notes:

  • As power- hungry, controlling and manipulative a Google is, nobody can deny their business acumen. Joining with peer-to-peer lending only makes sense for a company that is known to be ahead of the pack at all times and able to understand the next big thing.
  • Up until this time, Lending Club has generated around $6.2 billion in loans.
  • Google partners will have the chance to loan up to a maximum of $600,000 from Lending Club.

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Peer to Peer Lending and Private Lending Info