Peer to peer lending has become quite popular in recent years, especially with companies such as Lendico is a platform that connects borrowers with investors, offering benefits for both parties. As a lender you can get the loan that you want, while borrowers will get great return on their investment.
How Peer To Peer Lending works
Borrowing money with peer-to-peer services easy and you can submit your application online. After filling in your personal details you will be asked to upload documents such as your identity document and bank statements, after which you will get an immediate result of your application. Once your application has been approved, the money will be paid into your bank account and you will need to pay back the loan in monthly instalments.
As a borrower you have the option to invest money that will be used to fund projects for borrowers. You will get excellent return on your investment, with great interest rates and the ability to start investing with as little as R250. Every month you will receive a principal plus interest, thereby allowing you to make money with your very first investment. You can open and investors regarding only a few minutes and immediately start to build your portfolio. The credit quality of the loans are always guaranteed as applicants have to pass a thorough selection process.
Each month you will receive the principal and interest payments of all your investments. This also gives you the ability to invest in green people and their own projects, knowing that you can make a difference in their lives by helping them with the finance they need.