1. Home
  2. Business & Finance
  3. Banking / Loans

Peer to Peer Lending

Peer to peer loans allow you to borrow money from individuals instead of banks. You can find strangers to borrow from online, and you can add structure to informal loans from your friends and family.
Peer to Peer Lending Overview
Peer to peer lending allows you to skip the bank and borrow from individuals. You can borrow from complete strangers or just use peer to peer lending services to structure loans between friends and family. This page covers how peer to peer lending works, the major services, and how you can take advantage of it.
Prosper.com
Prosper.com is a social lending site. Instead of borrowing from a bank, you can borrow money from other individuals. If you can't get your loan funded, visit Prosper.com to see if it'll work for you.
10 Tips for Prosper.com Borrowers
Getting a loan at Prosper.com involves more than just asking for one. In order to get money (and get it at a reasonable rate) you have to create a good listing. This page covers the essentials of creating a loan listing at Prosper.com.
Virgin Money Overview
Virgin Money is a person to person lending service that allows you to structure formal loans with people you know. Through person to person lending, you skip the bank and borrow from an individual (or group of individuals). This page is an overview of Circle Lending and the various person to person lending options there.
Lending Club
Lending Club is a peer to peer lending service. Instead of borrowing money from a bank, you borrow from individuals that you connect with at the Lending Club Website. This page explains how Lending Club works.

Explore Banking / Loans

More from About.com

  1. Home
  2. Business & Finance
  3. Banking / Loans
  4. Business Banking
  5. Peer to Peer Lending

©2008 About.com, a part of The New York Times Company.

All rights reserved.