We are excited to announce the launch of our first financial calculator. The LendingClub Interest Rate calculator will help both borrowers and investors interested in p2p loans to estimate the interest rate on on a LendingClub loan. With the estimated interest rate, both borrowers and lenders can compare the rate with other lending and investment options.
The calculator is still in beta version, so please let us know if you encounter any problems. You can check out the calculator by clicking here.
As always, this past week saw a number of great blog posts and carnivals about personal finance. Here are few we found particularly useful:
Articles
- Got personal finance questions? Get answers at Moolanomy Answers. Pinyo has put together a first rate Q & A section to his site, and it's definitely worth a visit.
- Car Maintenance Tips: Help Your Odometer Reach 300,000 Miles (@Frugal Dad)
- Protect Your House While You’re on Vacation (@Being Frugal)
- Free and paid options for opting out of junk mail (@Bargain Babe)
- The sweepstakes ends June 30, so check out this opportunity to win $2,000 from Exxon and Citi.
Carnivals
- Carnival of Debt Reduction - “Four Pillars” Edition (@Four Pillars)
- Money Hacks Carnival #70 (@Blogging Banks)
- Festival Of Frugality- Honeymoon Destination Edition (@Financial Highway)
- Carnival of Personal Finance #210 – Punch Out Edition (@Suburban Dollar)
- Economy and your Finances Carnival- June 21, 2009 | OneMint (@One Mint)
- Carnival of Financial Planning #94 (@Canadian Personal Finance Blog)
{ 2 comments… read them below or add one }
The Lending Club equation omits gains and losses experienced on loans you sell.
Finance Junkie, keep in mind that the calculator is not intended to determine returns on a loan portfolio. Rather, it is designed to estimate the interest rate on an LendingClub loan.