Which peer to peer lending is best?

Best peer to peer lending sites 2020
Lending platform Best for Investment rates
Ratesetter Repaying investors if borrowers miss payments 3% – 4%*
Zopa Reliability (first P2P platform) 2% – 5.3%
Funding Circle Higher investment interest rates 4.5 – 6.5%

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Besides, can you make money with peer to peer lending?

Peer to peer lending is one of the most simple and effective ways I’ve ever found to make passive income. It has outperformed my stock picks, selling old baseball cards, my own business ideas – everything. I’ve earned more money through it than I’ve earned at anything else except my day job.

One may also ask, how much do you earn from peer to peer lending? Individual borrowers can take out a P2P loan from $1,000 to $35,000. According to Lending Club, the average annual rate of return for most loan notes is 5% to 7% for Grade A to Grade C borrowers. Investors pay a 1% transaction fee for all received payments. You do not get paid if the borrower doesn’t make a payment.

In respect to this, are Peer to Peer Loans A Good Investment?

Peer-to-peer lending, in which investors make unsecured personal loans to consumers and are often rewarded with average annual returns of 7, 9—or even 11%, might seem like a solution to disappointing returns in other areas. But peer-to-peer lending is a risky investment. … The best way to balance rewards and risks.

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