Peer Lending Process: How Does Peer to Peer Lending Work?

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Step 1:

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

Lenders can start bidding immediately to fund your loan. As competition for your listing intensifies, your interest rate will fall.

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THE FORM ON THE LEFT!

Step 2:

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

Potential lenders can browse through the individual listings, determine which lenders they wish to help and submit bids.

TO SIGN UP NOW FILL IN

THE FORM ON THE LEFT!

Step 3:

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

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

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THE FORM ON THE LEFT!

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