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iGrin - Making Lending Personal

    • What is P2P lending?


      This is when people borrow and lend from each other – without having a bank in the way. This has been going on for centuries but with the use of the internet it has made it easier for parties to come together. Person to person lending has been a growing phenomenon overseas with the success of such sites as Prosper in the USA and Zopa in the UK. It also goes by other names such as Social Lending, Person to Person lending and Peer to Peer lending – whatever its name it is a great way to get a fair return on your money!


      As a Lender you get:


      • To develop a portfolio of loans yourself - start with as little as $100.
      • Decide the returns and risk you take - pick and choose between borrowers.
      • To complement your other investments with access to a new asset class.
      • An ongoing monthly cashflow as loans are repaid.
      • Socially rewarding - a chance to help real people.
      • To control the amount of money and the interest rate you want.
      • To list a loan request for free.
      • A one-off loan establishment fee with no additional fees and charges.
      • To avoid dealing with the banks.
      • Personal Loans available to everyone including retirees, small businesses, contractors and sole traders.
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