equivalent rate after fees,
estimated bad debt and
basic rate tax over 12 months
The peer-to-peer lending website
Welcome to the
P2P money website! This is a site dedicated
to the concept of peer-to-peer lending and borrowing
and peer-to-business lending and borrowing.
These are often shortened to P2P lending and
P2B lending respectively. There is a
wealth of information and statistics on these subjects.
What is "peer-to-peer lending"?
Peer-to-peer and peer-to-business are
relatively new concepts in the field of lending and
borrowing. Classically individuals (or businesses)
would save their money in a bank, and the bank would
then lend that money to other individuals or businesses.
P2P removes the bank from this process. There
are a growing number of online
companies that can facilitate this process.
This process can also be referred to as social lending,
crowdlending or marketplace lending.
What advantages are there as a lender?
Lenders can obtain
higher rates than they can with a bank or building
society. For comparison, the highest rates on
comparable savings on
MoneyFacts is only 2.9% AER*. On some sites
lenders are able to set their interest rates.
perspective this process is quite different from
simply opening a savings account.
What advantages are there as a borrower?
Borrowers could obtain
lower rates than from other loan providers,
and they also have the knowledge that they are borrowing
money from individuals like themselves. From the
borrowers' perspective the process is not too
dissimilar from dealing with a bank or building society.
Is my money safe?
is always asked by people new to P2P! Peer-to-peer
lending is not covered by the Financial Services Compensation
Scheme and your capital is at risk. However we
the different aspects of peer-to-peer lending, so
you can make and informed decision if P2P lending is
Where can I search for information?
You can search
information on the P2P money website, or alternatively
you can use the
peer-to-peer search engine which will look for information
within the peer-to-peer arena, or check out the P2P
* Rates quoted from
MoneyFacts 3 year bonds correct as of 14th
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