Peer-to-peer lending in Australia is the new kid on the financial block, cutting out the traditional banks and letting you, the savvy investor or borrower, deal directly with each other. Platforms like SocietyOne and RateSetter offer competitive interest rates, often better than your bank's savings account or personal loan offers.
Borrowers enjoy quicker approvals and potentially lower rates, while investors get a chance at higher returns, albeit with some risk of borrower default. Typical loan amounts range from a few thousand to around $50,000, with terms usually between 1 to 5 years.
Just remember, it’s not all sunshine and rainbows. Risks include:
For more granular offers, check out Tradingpost or CarShowroom for vehicle loan P2P options, and for service reviews, ServiceCentral might have your back.
Check back soon, or revise your filters.
Listing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
Know the warning signs of a dodgy deal before you buy or sell online.
Read the guideRead guide