2017 List of Top 100 Personal Loan
Peer-to-Peer (P2P) Crowd Lending Sites
Searching for the Top 100 Personal Loan Sites?
Searching for the top 100 P2P (Peer-to-Peer) personal loan sites in the United States and the rest of the world? Each year in June, Crowdfunding PR tracks and updates its list of the top P2P personal loan lending sites around the world and ranks them by their country website traffic statistics.
Most P2P Lending personal loan sites market how much money they have loaned out, but it is worth considering that the higher the volume of loans being processed is more important. Why? Because lower rates equal more loans originated and could mean the best deal for people with bad credit that need a quick loan.
How Does P2P Lending Work for Personal Loans?
The P2P lending business model is starkly different from that of traditional banks. P2P platforms don’t lend their own funds — they act as a platform to match borrowers who are seeking a loan with “investors” who purchase notes or securities backed by notes issued by the P2P platforms.
P2P platforms don_t lend their own funds – they act as a platform to match borrowers who are seeking a loan with investors
P2P platforms generate revenue from origination fees charged to borrowers and from a portion of the interest charged to investors as servicing fees, as well as additional charges such as late fees. Investors generate revenue from the remaining portion of the interest that borrowers pay on the loan. Borrowers benefit from a streamlined application process, quick funding decisions, and 24/7 access to the status of their loan.
Types of P2P Lending Personal Loans:
There are many different types of P2P lending personal loans that can be originated. Some special in small business loans, others focus on parent/student loans for college and others target residential and commercial real estate.
Here is a quick list of the types of personal loans that the list of P2P lending sites below might offer:
- Auto Loans
- Bank Loans
- Bit Coin Loans
- Bridge Loans
- Commercial Real Estate Loans
- Franchise Loans
- Mortgage Loans
- Non-Occupied Residential Real Estate Loans
- P2P Loans
- Patient Loans
- Personal Loans
- Social Good Loans
- Small Business Loans
- Student Loans
- Veteran Loans
P2P Lending Personal Loan Underwriting:
Most personal loan sites utilize a unique underwriting model to base peer-to-peer lending rates on more than just your credit score including work history, school attended and academic performance. The minimum credit score for loans is 550+ and borrowers are not able to apply if they have a bankruptcy or loan in collection currently. This may make it harder to get bad credit peer loans but may match rates better for other borrowers.
Investors must have a U.S. bank account and an accredited investor status by having net worth that exceeds $1 million, excluding the value of their primary residence, or income that exceeds 200,000 in each of the last two years. A few P2P personal loan sites will also allow retail investors (non-accredited) participate.
Types of P2P Lending Personal Loan Fees:
- Origination Fee – Percentage of the target loan amount
- Late Payment Fee – The greater percentage of past due amount or a flat fee, charged after a specified number calendar days past payment due date
- Check Processing Fee – Fee charged per check received as payment
- ACH Return or Check Refund Fee – $15 charged if bank transfers or checks are returned or fail
Types of P2P Lending Personal Loan Rates:
- Variable Rate – Loans starting from a percentage APR, better rates come with AutoPay
- Fixed Rate – Loans available from a percentage APR, better rates come with AutoPay
Top 100 P2P Lending Personal Loan Sites:
Search these crowdfunding lists for more information:
- 2017 Top 100 Global Crowdfunding Sites
- 2017 Top 100 Equity Crowdfunding Sites
- 2017 Top 100 Real Estate Crowdfunding Sites
- 2017 Top 100 Reward/Perks Crowdfunding Sites
- 2017 Top 10 Donations Crowdfunding Sites
- 2017 Top 10 University Crowdfunding Sites
- 2017 Top 10 Texas Equity Crowdfunding Sites
- 2017 Top 10 Crowdfunding Cities
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Robert Hoskins
(512) 627-6622
@Crowdfunding_PR
Crowdfunding PR, Social Media & Marketing Campaigns 
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