(T&C apply)
Cashback paid to new lenders who
register through the P2P money cashback
site (no lending required)
(AER net)
Funding Secure
Average annualised equivalent rate
after fees, estimated bad debt
and basic rate tax over 12 months
(T&C apply)
Cashback paid to new lenders who
register through the P2P money cashback
site and lend at least 1000

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.  From the lenders' 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?

This question 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 compare the different aspects of peer-to-peer lending, so you can make and informed decision if P2P lending is for you. 

Where can I search for information?

You can search above for 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 blog.

* Rates quoted from MoneyFacts 3 year bonds correct as of 14th March 2016

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