Marketlend is an online peer-to-peer lender with its own investment marketplace to help Aussie businesses find the loans they need. Founded in 2014, with their headquarters in Sydney, Marketlend connects businesses directly to investors to cut out the middleman.
Marketlend have created a peer-to-peer platform, that after a lengthy application process and personal discussion, lets you put your desired loan on the market to be bid on by investors directly. Not quite sure how that works? We’ve collected some of the features, fees, loan types and application process need-to-knows about Marketlend, to help you out.
11.50% p.a.Average Rate for AAA Borrowers
$250 (waived in some circumstances)
Principal & Interest, Interest Only
Marketlend connects you with a business investment platform, so what rate you get will partly be determined by investor interest in your loan. Your interest rate is also determined using a combination of the interest rate paid to investors, plus a platform fee you pay to Marketlend.
Marketlend comes with a few fees that you should be aware of before you dive into getting a loan. These include:
To get access to the Marketlend platform, there’s a pretty lengthy application that goes as follows:
Marketlend caters to larger companies so its requirements might exclude many small businesses. While there aren’t hard and fast eligibility rules, Marketlend may require that: