BitLendingClub is a peer-to-peer Bitcoin lending platform. BitLendingClub help borrowers get Bitcoin loans online for the most competitive rates and the lowest transaction fees. BitLendingClub use the force of the free market and group wisdom to provide the lowest interest rates. The lenders compete in a dutch auction style in order to assess the risk of each loan and offer the lowest possible rate for a given borrower. BitLendingClub have some of the lowest fees in the industry at 1% of the loan value, and they don’t charge any lending fees unless the loan is being paid off.