P2P loans or peer-to-peer loans are a way to obtain personal loans without intermediaries, by having the lender lend money directly to the borrower. But how is it possible to skip banks in the loan business? Is it possible to obtain better conditions with this type of personal loans? Where is it possible to obtain them and what are the requirements and advantages when obtaining them? In this article we answer all these questions about P2P loans.
If you need fast money with good conditions, making a request for p2p loans you can arrange it without moving from home and without paperwork, being able to dispose of the money in a few hours.
What are P2P loans?
P2P loans are a type of loans where the lender lends money directly to the borrower without intermediaries, only the P2P loan platform. This type of loans is possible thanks to the P2P loan platforms that exist on the Internet, which put lenders and borrowers in contact without any intermediaries, making the conditions of the loans better, depending on the solvency of the borrower.
Its operation is very simple, the borrower requests a loan indicating the amount, the use that he will give to the borrowed money, his capacity of income and indebtedness that he owns, among other characteristics and the platform confirms this data, indicating the viability and the loan conditions. From that moment borrowers contribute money to the loan until 100% of the amount requested is completed. At this time the loan will have been accepted and the money is delivered to the borrower.
What are the main entities to apply for P2P loans?
You can get P2P loans in B ondora (previously called Isepankur), where you can request from € 500 to € 10,000 to be returned within a maximum period of 60 months at a very competitive interest rate that will depend on the risk they calculate based on your data. Your request will be made in 5 minutes through your web page and in a short time they will contact you to confirm the acceptance of the loan and the conditions of it. Subsequently, your loan will be auctioned for investors to invest their money in it and the system will automatically choose the investors that offer the best interest rates to obtain the money with the best conditions and as quickly as possible.
P2P loans are not yet widespread in Spain but you will be able to apply for personal loans easily and quickly thanks to their platform, avoiding banks and their commissions. To apply for a P2P loan in Isepankur you just have to access your P2P loan platform and indicate the amount to request, the maximum return period and your email address. Within 10 minutes they will contact you to verify your data and you will have the viability of it and its conditions.
Main advantages of P2P loans
P2P loans have a number of advantages that must be taken into account when requesting them. Among them are the good conditions that you can obtain, being able to obtain loans with really low interest rates thanks to not having intermediaries by means of raising the price of the loan. In addition, the less risk you have lower interest rates will have to pay, so they are ideal to start a new business.
The terms of the loan are agreed between people and not a financial institution, so it is possible to negotiate the conditions of the loan and thus have a flexibility. In this way, P2P loans are a great alternative to personal loans and quick loans, since they are requested online and it is not necessary to fulfill many requirements to obtain them. There are many lenders competing to lend money and obtain great profitability for it due to the lowering of interest rates and the search for other types of profitable investments, among which are P2P loans.
Finally, your request is very simple and you can have an answer with the conditions of the loan in a few minutes. Once the approval of the P2P loan platform has been obtained, the lenders will have to lend you money through the platform, being able to contact you to ask you questions through the website. Once you have 100% of the loan they will give you the money, taking between
Requirements to apply for p2p loans
In order to apply for P2P loans you must have a stable source of income and sufficient payment capacity to meet your obligations payments, with a maximum debt ratio of 60%. In addition you will not have to have incidents registered in Financial Credit Institutions. Owning a home will help you obtain the P2P loan and you will have to indicate the purpose of it.
Regarding the permitted purposes, it is possible to apply for P2P loans for any purpose, but this will have to be consistent with the amount thereof, since the lenders will study to invest in your loan and if it is not consistent you will not get 100% of the amount of the loan.
Other related products
If you need quick money, we offer you the best financial products to get it online and without having to meet requirements in some cases. Thus, fast online credits are the easiest and fastest way to get fast money making the management completely online and without the need for paperwork. Credit cards also offer money instantly because it is possible to transfer your credit to your bank account. Finally, it is possible to get other types of financial products through the Internet and have the money in a few hours, as is the case of loans between individuals or online personal loans.