Lending to Family and Friends
At some point in your life you may have lent money to family and friends and may or may not have got your money back on time.
Wouldn't it be great to be able to put some structure around your money lending without all the hassle of complex loan documents from the bank or other finance company ?
Well there is a way for you to lend money to family and friends without extensive paperwork and have a system that is managed by a third party. It's called peer to peer lending. The beauty of this system is:
- you can lend money to your friends
- the loan process is managed by a third party (no more difficult conversations about money owing)
- you can choose as low or as high an interest rate as you like
- you get the opportunity to invest a large lending opportunity market
- your fiends or family borrowers learn good loan habits and build financial credibility
Get Your Lending To Family and Friends Guide Here
Lending Money to Family & Friends
Want to work out how long and what the repayments for a lona would be ? Use this easy Loan Repayment Calculator that also generates a payment schedule.