Best Peer to peer lending and Bitcoin p2p lending platform is having a wonderful year. You may have an idea that lending club is breaking $1.9billion in a quarter. During the same time period, in new loans, Prosper issues $912.4 million. Which shows the 147% increase per year.
According to the P2P finance association, UK is with the $792 million. So, you need to take part and make a profit from the p2p lending boom.
First, you need to select a well-reputed site for Bitcoin lending. And, say happily goodbye to banks or governmental terms. Here, in this article, you’ll read about few lending sites. Wishing you’ll get some idea about lending.
Bitbond offers the highest interest rates to its users while using Bitcoin payments at zero fees around the world. This table will show you the comparison fee structure of different platforms.
Besides these token fee, Bitcoin peer to peer lending offers video tool to provide the transparent system. Whereas, average interest rate of Bitbond is 25% and you have the option to invest up to $2.50. Stu Lustman’s quarterly returns report is given below if you want to see the comparison between fiat and Bitcoin ROIs for lenders.
Lending Club is the most favorite among peer to peer lending platforms. In additions, impressive ROIs is coming in at 11.30%, 13.3%, and 10%.
An average investor wants to enjoy 6-8% ROI. The lending club also offers you the investment of $25 and have the good scoring system.
Prosper faces return issues at the start but with peer to peer lending platform it enjoys the progress in the recent year. Prosper paid more than $140 million to its investor with average ROI between 5-9%.
Prosper assessment of borrowers increases its reputation among the people. In addition, a credit score of prosper for borrowers is remarkable 700.
Upstart’s characteristics are different from the lending club and prosper. That is when a loan defaults it is the investors who take the hit not the platform. Here are few shop related products of the Upstart.
In the case of loan declares as default during the loan term, Upstart will collect the earned revenue and refund the money to the investors. In addition, the Organizational fee ranges between 1% and 6% with the ROI 4-8%.
Oldest site in peer to peer lending sites list is peer form. Distinct features of the platform include their standing on certified depositor. Peer form offers three-year loan terms with 7-28% interest rate. Whereas, the borrower needs minimum 600 FICO score to apply.
In Europe, Bondora is the most exciting peer to peer site among the people. Yield return of 9000+ makes it the center of the interest. Furthermore, Claus Lehmann with 26% ROI on Bondora is the most prominent, who has documented his returns from European lending platform. This lending site serves borrowers of the three countries with €45 million in the loan.
Zopa is the first and foremost peer to peer lending platform in The United Kingdom. The organization issued $408 million loans in 2014. In addition, with current returns of 0.7%-0.8% Zopa still away from ROI 9%.