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Dave
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Post subject: Lending Club Affiliate Program
 Posted: Oct 10, 2008 - 03:50 PM CST
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Site Admin
Joined: Apr 18, 2005
Posts: 514
  
Status: Offline
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Lending Club is a social lending network where members lend and borrow money from each other at better rates, bypassing the banks.
We have already issued more than $20,000,000 in loans at better rates than banks' and we are looking to spread the word of this great alternative.
We will reward publishers for every user they refer that fill out the loan application form, independent of the loan issuing or not.
Lending Club accepts only US-based credit worthy borrowers with 640+ FICO score and no current delinquencies.
Here are some answers you may be looking for before you advertise for us:
# What will you pay for?
We will reward publishers for sending us qualified traffic:
$35 for first 10 applications/month
$40 for each additional loan application
# What is your conversion rate?
Our current conversion rates are very high (upwards of 60%) if the user is looking for a loan and has good credit.
# Do you have a dedicated affiliate manager?
Yes. We have asked CJ to manage the program initially, and in addition, we have a dedicated SEM resource on board.
# What is your average order amount?
Typical order amount is between $80-$150(fees charged once a loan is issued). We don't charge a fee for application, and about 80% of the applications actually become loans.
# Is your website attractive and easy to navigate?
Very much. We won the Webby award 2008 as best banking and payments site as well as a 2008 WebAward for Outstanding financial services site.
# How does your commission structure compare with other advertisers in your category?
We feel we are very competitive and in most cases, we pay higher than other advertisers.
# If a publisher consistently performs, will you increase their commission?
YES. We are willing to discuss better pay-offs based on performance, quality of borrowers and volume. |
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