LendingClub: Offers Same-Day Loan Settlements

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LendingClub: Offers Same-Day Loan Settlements

LendingClub: Offers Same-Day Loan Settlements

  • LendingClub said the new marketplace offers “dynamic” pricing and same-day settlement
  • The service significantly reduces the time it takes to deploy capital, from several weeks to a single day
  • This is a huge step forward in the evolution of unsecured consumer loans as an asset class
  • LCX will also offer analytics in the form of real-time insights into loans
  • LendingClub said this is an improvement in how consumer loans have historically been done
  • Then LCX is the latest LendingClub marketplace platform