Peer Lending Network is an online peer lending marketplace that connects people looking for a loan with real people willing to loan. Although Peer to peer lending is relatively new to the modern lending industry it is an old concept dating back centuries. However, with the advent of the internet, peer lending is now entering a new phase of interconnectivity.

The internet has made the online marketplace a reality, and just as ebay revolutionized the retail industry, so too will peer to peer lending revolutionize the financing industry.

Peer to peer lending is different from traditional lending transactions because it eliminates the intermediaries such as banks.

Peer Lending Network is dedicated to educating consumers about the peer to peer lending process, directing consumers to the industries best peer to peer lending companies. Our loans are all unsecured meaning, we don't require collateral. Peer Lending Network can help both of our target visitors:

• People looking for a loan, or debt consolidation at a lower interest rate.

• People with some extra cash that can bid on loans and get returns for their investment sometimes up to 12%.

Whether you need a home improvement peer loan, or you need extra money for a student loan.  Some common peer loans are auto loans, debt consolidation loans, home improvement loans, military loans and student loans. We also offer small business loans.

1. People looking for loan posts a listing for a peer loan with the amount they need at a rate they can afford.

2. Lenders bid on the listings by bidding the amount and rate they are willing to lend the borrower.

3. When the listing is complete, the qualified bids are combined into a single loan for the borrower.

4. Each month the borrower pays the new loan amount to the lenders until the loan is repaid.

Click here for a more detailed description how peer to peer lending works.