News and information on peer to peer lending and borrowing
« Peer-to-peer to become regulatedMoney games. How hands-on is your financial management? »

Christmas bargains

On the run up to Christmas, everyone loves a bargain.  December is typically a quieter month for loans, so this is good news for potential peer-to-peer borrowers as rates tend to be lower.  Conversely January and February are very busy months for loans and therefore rates tend to be higher.

So if you are planning on taking out a loan in the new year, you may get a better deal in December than in January.  There are several peer-to-peer companies still offering cashback for new borrowers, so now is a great time to become a peer-to-peer borrower.

Here is the supporting data from ljay.org.uk and you can see the dip starting in September and reaching the bottom in December, before rising quickly in January:

This entry was posted on December 3rd, 2012 at 07:49:00 pm by easteregg and is filed under News, Borrowing. Tags: cashback, p2p money

2 comments

Comment from: Rodney Buckland [Visitor]
Rodney BucklandWhere is the evidence for this? Over the years and aggregating experience from several platforms, I have found the complete opposite is true.

RAB
07/12/12 @ 08:36
Comment from: easteregg [Member] Email
I've updated the post with some data from Zopa taken from the excellent ljay.org.uk which provides market information on Zopa.
07/12/12 @ 19:30