Peer-To-Peer Personal Loans

Peer-to-Peer Loans:

Personal loans where community members lend and borrow from each other. Get better rates than from traditional finance companies or banks by cutting out the middleman and working with people just like you. No cost to join or participate in the community.

Peer-to-Peer Loans

What are Peer-To-Peer Loans?

Peer-To-Peer Lending (P2P) - or social loans - are personal loans where individual people who have small amounts of disposable capital come together to lend that money in aggregate to borrowers who do not qualify for bank or other financial institution loans. Peer-to-peer loans or social loans essentially takes out the middleman (the bank) and lends money directly to borrowers. Money can be used for any purpose - even business purposes.

Has your bank told you that you don't qualify for a business or personal loan? Not profitable enough, have not been in business long enough, too low a credit score, no collateral or they don't fund start-ups! Regardless of the reason, a peer-to-peer loan can help you start or grow your business!

What are the benefits of these personal loans?

1. Lower Interest Rates - Individual lenders bid on your loan request - allowing you to select the lowest rates and other terms.
2. Faster and Easier Processing - Can receive a decision in a matter of days - your request does not have to go in front of a supervisor or to a credit committee which could take weeks or more.
3. As stated above, cuts out the middleman - borrowers and lenders deal directly with each other.
4. Anonymous Transactions - No annoying emails or phones calls from bankers or other financial institution personnel.

Please see each individual business's applications and guidelines for details about terms and conditions of offers. We take reasonable efforts to maintain accurate information. However the information presented is without warranty. When you click on the "Apply Now" button or company logo you can review the terms and conditions on the lender's web site in most instances. Simply clicking a link does not guarantee approval or acceptance in any program.