You have the flexibility to set interest rates for your loans. However, it's essential to consider market rates and borrower affordability when determining your rates.

PeerLender has recovery processes in place to help lenders recoup their funds. However, there's always a risk involved in lending.

Once a loan is accepted, it's generally difficult to modify the terms.

The time it takes to receive your funds after a loan repayment depends on the payment method chosen by the borrower. Typically, it takes a few business days.

Yes, you can invest in multiple loans simultaneously. This helps diversify your lending portfolio and reduce risk.

To create a lending profile, you'll need to sign up for a PeerLender account and provide the necessary information about your lending preferences. This includes the amount you're willing to lend, interest rates, and loan terms.

You can find borrowers to lend to by browsing through loan requests or by connecting with verified borrowers in our borrowers market place . PeerLender also provides tools to help you assess borrower creditworthiness.

This is a catalogue of borrowers who we have thoroughly verified to reduce your risk of borrowing.

PeerLender has systems in place to recover funds in case of loan default. This may include direct debit from the borrower's account, legal measures or/and we have a team who can physically remind borrowers of payments. However, there's always a risk involved in lending.

PeerLender prioritizes the security of your funds. We employ advanced security measures to protect your information and transactions. However, it's essential to conduct due diligence on borrowers before lending

PeerLender offers a convenient platform to connect with borrowers and earn competitive returns on your investments. You have control over your lending decisions and can diversify your portfolio by lending to multiple borrowers.