Peer 2 Peer Lending

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Peer 2 peer lending. Peer to peer lending operates on a many to many lending model through internet intermediaries also called a lending platform who arrange and manage the loans. Peer to peer lending companies often offer their services online and attempt to operate with lower overhead and provide their services more cheaply than traditional financial institutions. Similarly when we refer to a lending platform we mean a company that provides loans funded by banks and other lending partners. So before investing in peer to peer be very careful.
Peer to peer lending also abbreviated as p2p lending is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Here is a quick rundown of some of the key current providers of p2p lending in australia. Get the highest interest rate on your money with our comparison. Who knows whether you will get your money back if borrowers fail to repay money en masse.
Since it was founded in 2007 it has issued 50 billion in loans and connected more than three million borrowers with investors. Peerform is a peer to peer lending platform. Ever since launching in australia in 2012 peer to peer p2p lending has become more and more popular with asic reporting a total of 300 million in loans being written in the last financial year. Lending works is a uk peer to peer lending platform that connects smart investors looking for a return on their money with sensible borrowers looking for a personal loan.
Lendingclub is a giant in the peer to peer lending community. Peer to peer p2p lending enables an individual to obtain a loan directly from another individual cutting out the traditional bank as the middleman. Get personal loans directly from investors cutting the middle man. See the best p2p lending accounts from all the sites in the uk that offer it.
Learn more about p2p lending.