Top 100 P2P Lending Sites

2017 List of Top 100 Personal Loan
Peer-to-Peer (P2P) Crowd Lending Sites

By Robert Hoskins

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 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:

  1. Variable Rate – Loans starting from a percentage APR, better rates come with AutoPay
  2. Fixed Rate – Loans available from a percentage APR, better rates come with AutoPay

Top 100 P2P Lending Personal Loan Sites:

2017 Rank © Front Page PR   Traffic Country
#1 2,963 United States
#2 3,957 United Kingdom
#3 4,484 United Kingdom
#4 7,009 United Kingdom
#5 7,665 United States
#6 7,738 United States
#7 16,720 United States
#8 29,234 United States
#9 34,150 United States
#10 42,733 Canada
#11 48,638 United States
#12 60,294 United States
#13 86,596 Germany
#14 118,099 United States
#15 134,026 United States
#16 312,541 United States
#17 407,722 United States
#18 481,016 United States
#19 581,116 United States
#20 784,786 United States
#21 898,392 United States
#22 1,056,801 United States
#23 1,412,206 United States
#24 6,799,012 United States

Search these crowdfunding lists for more information:

# # #

Robert Hoskins, a seasoned Front Page PR veteran provides more than twenty-eight years of external communications, media relations, digital social media and SEO skills to Front Page PR’s crowdfunding PR and media relations service portfolio.
Robert Hoskins
(512) 627-6622

Mr. Robert Hoskins is a seasoned marketing veteran with a proven track record of helping entrepreneurs, startups, small businesses as well as Fortune 500 corporations launch successful marketing communications campaigns to gain market traction for a wide variety of products and services.
On a regular basis, Mr. Hoskins consults with crowdfunding campaign managers as well as crowdfunding sites, portals and platforms to deliver successful crowdfunding marketing campaigns.
Google search “Robert Hoskins Crowdfunding” to see why Mr. Hoskins runs one of the industry’s foremost crowdfunding PR, social media and marketing agencies that has amassed a huge social media following and is dedicated to supporting a wide variety of donation, rewards and equity crowdfunding campaigns.
%d bloggers like this: