Peer to Peer Loans

N

eed to borrow money but your bank won't lend it to you? Don't want to pay loan shark rates from a payday lender? A peer to peer loan is the solution to your problem!

Peer to peer lending is an arrangement between lenders and borrowers without having a traditional financial institution, such as a bank, acting as the intermediary. Think of it like borrowing money from family or friends, only with the help of the internet, these loans are made between complete strangers.

Here is why Peer to Peer Loans are the Perfect Alternative to Borrowing Money from a Bank

The loans are unsecured - You don't need collateral
Easy monthly payments spread over 1 to 5 years
Interest rates as low as 6.59% for those with good credit
Approvals for borrowers with less than perfect and even bad credit
Easy online application that protects your privacy
No hidden fees or prepayment penalties

Loan types available include debt consolidation, home improvement, auto, business, military service, weddings, bridge loans, etc. There is a loan available for just about anything you or your business could possibly need money for.

"Fortunately, a friend told me about peer to peer lending..."

After borrowing from family, friends, and credit cards, I ran into a cash squeeze. Like many small business owners, I didn't have the credit history or the collateral to get bank financing. I was faced with going out of business.

Lara Miller, Illinois

So, where should you go to find lenders if you're wanting to get one of these loans? There are many peer to peer lending networks available on line today. However, Prosper stands way above all the rest. Prosper is by far the world's largest peer to peer lending marketplace. This means your loan is much more likely to get approved and funded with Prosper than any of the alternatives. As a matter of fact, they are responsible for more than $269 million in loans being funded so far.

In addition to being more likely to get a loan funded through Prosper, being the largest marketplace also means you will get the most favorable rate possible. Depending upon your credit history, you could get a loan for as little as 6.59%. If you'd like to see what kind of rate you qualify for, just click on the button below.