P2P Credit offers personal loan access up to $40,000. P2P personal loans are offered directly to individuals without the intermediation of a bank or traditional financial institution. Online P2P Personal Lending and P2P Personal Loan sites are currently allowing people to connect with one another to get loans, online – with real money and in real time.
Loans can be made between individual users (or between large numbers of lenders making a loan to one borrower). The lack of a bank, with its high overhead, skimming off the transaction, allows P2P Credit to offer access to providers of lower, fixed rate loans and cleaner fee structures than traditional financing products.
Borrow up to $40,000 at an interest rate as low as 6.99% APR (depending upon credit).