estimated bad debt
and basic rate tax over 36
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" and "peer-to-business" 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,
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.
What advantages are there as a lender ?
Lenders can obtain
higher rates than they can with a bank or building
society. For comparison, the average rates on
comparable savings on
MoneyFacts is 2.4% net*. In fact lenders are
the ones able to set the interest rates. From
perspective this process is quite different from
simply opening a savings account.
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 correct as of 18th May 2013
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