Showing posts with label p2p loans. Show all posts
Showing posts with label p2p loans. Show all posts

Friday, 29 July 2011

Bypassing the bank to get higher returns

Peer to Peer Lending (P2P Lending) is a new way to lend and borrow money online with others.
Think “I got a loan, online” (for borrowers) and “I just became a banker” (for lenders) – and…. you begin to see.
Where do these models eventually lead? Towards an online “digital financial network” – managed by you and me.

•    Borrowers receive bank-competitive interest rates and lenders can yield bank-like returns on invested funds.
•    Thousands of individuals lend as little as $25 per borrower. You don’t have to “know” anyone to receive a loan.
•    Privacy, security, and legal compliance are built in. More than $500 million in P2P personal loans issued to date.
•    P2P Loans are a new portfolio asset class. Diversify by investing into large pools of FICO pre-qualified borrowers.
•    P2P allows Social Lending: You may opt to transact with friends and family to foster a generational wealth effect.