Representative 1,310.4% APR.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.

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Fund Ourselves

Why borrow with a peer to peer lender over another lender

Why borrow with a peer to peer lender over another lender

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£800 £1,000 £1,500
Representative 1,310.4% APR
There are many reasons why borrowers are attracted to peer-to-peer lending over other traditional lenders and banks. This includes:In this guide, we take a closer look at each of the above points to explain the advantages of choosing a peer-to-peer lender over other types of lending.

Flexibility

Peer-to-peer lending platforms appeal to many due to the flexibility they provide to borrowers. Depending on the lender, you can borrow for a few weeks, months or years – which can be useful depending on your requirements.
By comparison, other mainstream products such as payday loans or personal loans, can come with penalties or added interest for delayed repayment or extending your loan.
Fund Ourselves also allows you to repay your loan early, at any point, and there are no fees for doing so.

All credit histories considered

Peer-to-peer lending platforms like Fund Ourselves also consider those with bad credit histories, unlike many other kinds of high street or traditional lending.
For example, with most types of personal loans advertised, you will need to have a good or fair credit score in order to be accepted.
The reason that peer-to-peer lending is able to consider bad credit histories is because there are investors on the other side of the portal who are willing to lend to riskier credit profiles – in the aim that they will earn a higher interest rate than a typical ISA.
The ability to offer affordable finance to both good credit and bad credit customers makes peer-to-peer loans a very accessible and attractive proposition for a lot of people.

Why choose
Fund Ourselves?

  • - 5-minute application
  • - Instant loan decision
  • - No hidden costs or fees
  • - Flexible repayments
  • - No early repayment fees

  • Ensure you can afford to repay the loan fully and on time before applying.
Apply now