There are two main types of online social lending type sites that are getting some good traction in the US - there are P2P person to person sites that allow one person to lend money to another person for the purpose of earning interest and microfinance sites that allow people to lend to other people […]
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We are working on creating true online personal loans that feature a simple amortizing profile (of fixed monthly repayments) that don’t require the borrower to provide collateral (security against the loan).
Home loans are more complex products that require the asset to be mortgaged where the lender or bank will have a covenant over the asset […]
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Whether you are a small-scale business entrepreneur or if a housewife who needs funds for a home improvement project, you can start to take advantage from something that is getting all the hype in the Internet today. It is called social lending, where the concept is similar to borrowing money from friends or family. If […]
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As Lending Hub is preparing to launch soon (you can take a peek at lendinghub.com.au) , my first postwill be about the social lending phenomenon and whether it is likely to take off in Australia. The big four banks (CBA, NAB, Westpac and ANZ) hold large market shares in the prime borrower market and are […]
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