What is peer-to-peer lending? Peerform is peer-to-peer lending!
When you need a loan, your first thought is to turn to a bank or to use your credit cards to borrow money. Both ways can carry heavy fees and very high interest rates.
Peer-to-peer lending is changing all of that by making lending more efficient. People looking for a loan can now turn to peers rather than banks and credit card companies. By cutting out banks, lending is more efficient and because the overhead is very low, rates are a lot lower. In fact, rates are typically several percentage points lower than the national average.
Signing-up to getting a loan is a quick and easy. Borrowers with good credit can sign up, fill out a registration form describing their individual needs and information. They will receive an instant rate quote, and then once the application is approved, the money will be available right away. The repayment process is streamlined as well, allowing users to link their payments to existing bank accounts. Payments can be automated and borrowers can prepay any time without penalty.
The cash received is directly funded by Investors as only a small portion is kept by us. In other words, the investor’s money is directly funding people and investors will get very significant returns: Typically, an investor that has well diversified his portfolio will make in average 10% per year or even higher if he is willing to take on more risk.
There are many reasons why people need loans. Whether someone is looking for a loan to consolidate existing debt, for a car, money for house improvements or even to fund a business, peer-to-peer lending is an excellent option. The loans are unsecured, which means that borrowers do not need to put their homes or cars at risk to get a loan. No collateral is needed! Rates are fixed and the transaction is completely transparent (no hidden fees).
Open an account on Peerform.com for better and faster rates.