Peer to Peer Lending

Peer to Peer lending, investments, and loans in Australia. Get P2P at the lowest rates with bad credit. Fast settlements with no doc and credit checks. We have a large P2P network for lending and investing all across Australia. Our goal is to help individuals and businesses to secure a P2P at the lowest possible rate with flexible terms.

No Doc and No Credit Checks

P2P for Bad Credit

Same Day Approvals

No Hidden Fees

Hassle Free Process

Serving Since 2001

Lending All Across Australia

Want to get a loan? Peer to Peer Lending might be your best option. With competitive rates and no paperwork, it’s easy to apply for a loan online – and get approved faster than ever.

With peer to peer lending​, you get to skip the bank on the way to getting your loan – saving you time and money. Peer to peer lending is easy with us. We are an Australian-owned and operated company with a large network of private lenders all across the country. We make sure all of our clients get quick access to cash with the lowest rates. Clients with bad credit are also welcome.

Looking for investing in PSP? We are here to help you invest. Australians usually invest in property with their retirement savings but it’s not surprising that they have turned to peer to peer lending platforms as an alternative way of making money. These platforms like Basic Finance allow investors to borrow money from other investors, who are often better at spotting opportunities before they happen.

What is Peer to Peer Lending?

Peer-to-peer (P2P) lending is a form of online lending where lenders connect directly with borrowers. Peer to peer lending (P2P) is the practice of lending money directly from individuals to other individuals. Peer to peer lending markets allow individuals to lend and borrow from each other without any financial intermediary, such as a bank or loan company.

It’s important to note that there are no middlemen involved here. You are essentially buying someone else’s debt. This can be risky if you don’t know what your counterpart looks like (or even worse if he or she has bad credit).

P2P lenders work with investors and borrowers directly to create mutually beneficial relationships based on trust and transparency from both sides.

How does P2P work in Australia?

You can borrow money from a peer-to-peer lender or lend it to someone else. It is all about being smart about your finances and knowing what you are doing. As of 2016, peer-to-peer lending is legal in Australia and several companies are operating in the market.

The process starts with choosing the right platform and then contacting them directly through their official website. This is where we come in. We offer quick, easy, and hassle-free peer to peer lending services at market-competitive rates. We can help you whether you are seeking for an investing in P2P or looking for a loan from a private lender.

How can I Apply and What are the Requirements?

There are a few small requirements for you to be eligible for p2p lending. You must be 18 years or older Australian citizen. You need to be a mortgage holder.

The p2p amount is based on how much you want to borrow and the interest rate you’re willing to pay back over time (the more money that goes into your loan, the less likely it will be profitable).

You can fill out our application form and one of our finance specialists will contact you within a few minutes.

Why Choose Peer-to-Peer Lending?

P2P lending is a great way to diversify your investment portfolio. If you are looking for a high-return investment, peer to peer lending is the best way of getting it. You can earn up to 10x more than what you would earn in an interest-bearing savings account and keep some money in reserve for emergencies or unexpected expenses.

Peer-to-peer loans are also useful when saving for goals like buying a house or car many borrowers use these platforms so that they don’t have to sell their existing property before making this purchase.

Here are features of P2P:

  • Monitor and manage your loan investments online
  • Handpick mortgage or other investments
  • Reasonable interest rates
  • Access to your investment portfolio 24/7

Advantages of Peer-to-Peer Lending

  • You can get a better interest rate than a bank would offer.
  • You can choose the term of the loan.
  • You can choose the amount of money you want to lend.
  • You can choose who will borrow your money and why they need it, such as paying off student loans or buying property in Australia (or anywhere else).

Disadvantages of Peer to Peer Investment

  • The interest rate you receive on your investment may not be as high as other investments.
  • The risk of default is higher than in other investments.
  • Returns are not guaranteed, and it takes longer to recover your investment in this type of lending scheme compared to other forms of lending such as banks and credit unions (where there are no fees).

Making Your Future Our Business!

Flexibility

With flexible options up funding is possible in 24 hours

Support

Common sense credit approval process. Fast and fuss free funding on your terms

Confidence

No hidden fees and or charges. Clear & upfront pricing

Case Study Melbourne – P2P Lending for Marketing

One of our clients had been struggling to manage her finances. She had excellent marketing experience but had been overworked and underpaid for years. Due to the load, she had less time to spend on other aspects of her life like cooking, cleaning, and spending time with friends and family.

She knew that it was time for a change but wasn’t sure what direction to take or how to make it happen. She approached us and asked for a tailored loan solution to fit her need. We presented her with superb P2P lending options and got her approval for the $250,000. Today, she owns a beauty saloon in Melbourne and has an estimated $80,000 monthly revenue. She closed the P2P case within the first 5-months.

Frequently Asked Questions (FAQs)

What is Peer-to-Peer (P2P) Lending?

Peer to peer lending is a type of marketplace lending that allows you to borrow money from other investors. It’s like peer-to-peer (or P2P) credit, in that it involves individuals lending money directly to one another rather than using traditional banks and other lenders.

What are the key benefits of P2P lending?

You can access lower interest rates and more flexible repayment terms than with traditional banks or other lenders.

If your annual income is low, then this may be an attractive option for you because it offers better rates than what traditional lenders offer on their mortgages or home loans – especially if you’re looking at buying property as an investment vehicle rather than just as a shelter for yourself and family members.

How does peer-to-peer lending work?

Peer to peer lending (also known as P2P lending) is a form of crowdfunding that matches investors with borrowers. The borrower provides the capital, while the investor gets paid interest on their money. Investors can get paid by being repaid in a lump sum or monthly payments over time.

How useful P2P lending is in Australia?

P2P lending can be useful if you’re looking for ways to invest your money without having to worry about losing out on returns because you missed out on an investment opportunity or if you want an alternative way to grow your wealth over time without having to sell off assets first.

What are the advantages of Peer-to-Peer lending?

P2P lending gives you access to competitive rates, flexible repayment terms, a hassle-free application process, and a personal touch that traditional banks can’t always offer.

Should I apply for a Peer to Peer Loan?

The peer to peer lending industry is still in its infancy, but it’s growing rapidly. The best way to find out if this type of loan is right for you is by talking to several different lenders and comparing their offerings.

If you are still unsure about whether peer to peer lending will help your financial needs, then read the details on how the process works in Australia before deciding whether it’s worth applying for one.

What is the interest rate of peer-to-peer lending in Australia?

The interest rate varies from lender to lender for P2P. It can be as low as 2% or high as 25%. However, the interest rate will always be lower than the average bank loan interest rate.

Can borrowers determine interest rates?

The borrower also determines their own interest rate and if they choose to pay it, this will reduce the overall cost of their loan. However, if you have a poor credit history or a high loan-to-value ratio (LVR), it may be better to pay a higher interest rate.

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