Peer to peer lending is new to Australia but promises to shake up the personal loan space by cutting out the banks. Fast and flexible, P2P loans offer standout rates, low fees and access to funds on the same day in some cases. Check out the table below to compare the P2P deals available now!Read more
The major P2P players in Australia only offer unsecured fixed interest rates. Generally peer to peer lenders use a risk-based tier system, which means the best rate will be given to those with a squeaky clean credit rating.
Yes, however peer to peer borrowing fees are generally lower than those attached to personal loans from the big banks, with some P2P providers offering no application, ongoing fees or exit fees.
In a flash by clicking on the blue ?go to site? button, which will take you to the peer to peer providers online application page. The benefit of a P2P loan is the fast online approval process, which in some cases means the funds will be in your account on the same day
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