Long-waited new features and improvements have just been released. We have been collecting requests from our community and took actions towards their needs.
Here is the list of the new features BitLendingClub proudly presents:
Transaction history log
A “Transaction history” page is added to your account. You will now be able to track all your withdrawals, repayments, payments received and investments. By default all the listings are sorted by date and time.
We hope it is easier to use and more clear what exactly is going on with your funds.
PDF loan agreement
Furthermore, we now provide a loan agreement between borrowers and investors when a loan has been started. The agreement contains a list of our Terms and Conditions as well as a form of promissory note.
All you contract listings could be found on the “Contracts” page of your account.
When a borrower is 30 days behind in making payments, a notice of default is released to the lenders.
ROI and Potential ROI
We have added ROI (Return on Investments) Indicator to the “Investments” section of the user’s dashboard. ROI is used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments.
The difference between this two indicators is that ROI consider all the late payments as due payments that will be covered in future. Otherwise, Potential ROI consider them as a loss.
Note: Default loans are considered as a loss in either case.
New login/registration form
If you’ve visited BitLendingClub lately, you have probably noticed some changes. The first one is that we have optimized the registration and login form design.
Next you’ll see is that the Jumio BISON icon is added to the user’s quick info section (visible on their profile page and the loan pages) along with the rest verification criterias. It will indicate if the user’s ID has been reviewed through Jumio. Jumio’s ID verification technology provides real-time ID verification. Documents are scanned and validated using proprietary computer vision technology. If the document is fake or tampered with, Jumio will catch it.
Note: Jumio BISON will not be counted as part of the number of verifications required to open a loan or to vote/rate people.
New ID requirements
From now, some extra information will be required when you try to verify your ID: Country of issue, Date of birth and Expiration date. Please make sure that all the fields are filled correctly before submitting your document. In an event of mistyping, you will need to resubmit the same document.
This update also includes a number of minor improvements and bug fixes. We have learned a lot from your feedback and can’t wait to keep improving BitLendingClub based on it!
What do you think? Please share your thoughts on these and any additional features you’d like to see. If you have any questions, take a look at our FAQ page, send us a tweet to @BitLendingClub or contact us at firstname.lastname@example.org.
The BitLendingClub Team