Peer to peer has become one of the best options for those people who want money and those that want to invest their money.
Through this article, I will be talking about sites that will enable you to invest and make money from.
Before we go deeper into our main topic today, click this link to learn how peer to peer storage improves college transportation.
The way we used to do things are changing so first, during past times when you wanted to borrow a loan, for example, to pay off your car or sort out other things, we used to go to banks whereby you will have to sit with a loan officer and discuss the loan. Here securing a loan was a very long process. Thank God things have changed and now when you want a loan you simply need to go to each other and this is called peer to peer.
Peer to peer lending
Prosper is the original peer to peer lender in the market. If you are a borrower you can borrow up to $40 000 with a rate that is fixed and fixed term of between three years and five years. With prosper, there are no payment penalties therefore when you pay off the loan earlier you won’t be penalized.
The lending Club offers four different solutions for their borrowers;
- Personal loans- You can get up to $40 000 which can help you to do so many things like paying school fees, wedding or buy a house with it.
- Business loans- With the lending club, you can get up to $300,000 with a fixed term of between one year and five years. Now for you to qualify for this loan you need to have been in business for over 12 months and have at least $50,000 annual sales.
- Auto refinancing- for you to qualify for this loan you should have a car less than 10 years old, 120,000 miles and was used for personal use only.
- Patient Solution- They work with doctors all over and can help finance the medication bills that you can’t pay at the moment.
Upstart unlike another peer to peer lenders, they use artificial intelligence and machine learning to determine the level of risk of their borrowers. They allow you to borrow between $1,000 to $50,000 with as low rates as 9%
The above-mentioned peer to peer lending sites will allow you to invest with as little as $ 35 and borrow as much as $500,000. Choose the one that is good for you and start saving for your better future. Make your dreams come through with peer to peer lending marketplaces.
Have you ever borrowed any loan from any of the above peers to peer sites? If not, which one of them are you willing to join and start investing your money and secure a big chance of getting huge loans.
Let’s see your opinion in our comment section below.