Lending Club Introduces 5-Year Personal Loans

Lending Club, the peer-to-peer lending website, announced on its blog new 5-year personal loans that will add to the existing 3-year loans. According to the blog post, investors can earn more interest with the 5-year notes and pay less service charges. It's important to note that these are not risk-free investments, and as I mentioned previously, your actual returns may be less than what is advertised.