offer my own money for loan

kunal_x

Hi Guys

i cant seem to remember the site where i could give my own money for loan to other people.

I have searched but cant find any info.

thanks in advance

K

Mateus_2

kunal_x wrote: »

Hi Guys

i cant seem to remember the site where i could give my own money for loan to other people.

I have searched but cant find any info.

thanks in advance

K

The site name is Zopa

kunal_x

Is it Safe to lend?

OliveOyl_2

It has lower bad debts than the usual lending companies (they quote the statistics on their site)
Their borrowers are from the most reliable end of the market (though they have now added a category of "young borrowers" who presumably have less credit history and must be considered a greater gamble)
And you can limit your lending to exclude any category, such as the young ones, or to only include the A1 group. But the less risk you take, the lower the interest rate the borrower expects to pay.