subject: Loans between private: no banks, great value for money [print this page] Loans between private: no banks, great value for money
And 'social lending, a modern and advanced form of loans between private individuals that fits the need now widespread to lower costs dramatically while keeping the security for those who "pay" and those who use money. Here's where to realize it.
What is the private Social Lending
The terminology used is inevitably linked to the country in which this particular form of financing originated. We talk, and then England for the context of the Private Loan, a country where, once again, was given another proof of how the high degree of civilization may well meet the daily needs of citizens. The Social Lending revolves around a true community of people where there is an applicant for a loan and who, by contrast, offers his own money: the relationship between the two parties is not interfered by any bank or financial entity.
The features at a glance
The Bond between the Private is an excellent example of how we can minimize the operating costs of similar operations otherwise performed by a bank or financial institution: There are no commission fees, the rates for those who ask for the loan are low and unbeatable from any Bank, the interest for those who lend money to very good level.
These important features are directly proportional to the functioning of the community of citizens who are at the base: in essence created a "market" where is the classic relationship between supply and demand to determine the movement of interest rates. Anyone looking for a loan chooses to turn under them aware of the fact that costs do not affect other fees or service charges subject to the small amount provided to support the work of the company that manages the service.
Where the loan between private practice
But where can apply for a loan or make available your money according to the criteria of the loan between private individuals?
The community's most famous, originally born in England, is now Zopa: it is also present in Italy and on the web with your own website where it functions as a true online community, you register the position of choosing between those who need or moneylenders. You can register people under 70 years of age and has a postal or bank account, for applicants must be shown to have an income from employment or self-employed.
Other community well known is that you meet on the website Boober: Social Lending is a stark that offers the ability to search a member in a position to lend us money at the rate that we should support. A common feature with the previous community is full transparency ensured.
Third and final example, in order of birth between Social Lending is Kasba. Very useful to have "competition" even in the context of private loans: has operating characteristics similar to Zopa. For information, of course, is always indicated to visit the website.
The benefits of social lending
The success of all loans between private individuals resident in transparency and convenience assured. There are intermediaries that increase the costs pulling the wool over the eyes of participants to trade.
1. The rates are much lower than grants and loans administered by banks.
2. Good remuneration for those who lend money, then there is the convenience for both parties.
3. Transactions take place between people who may know everything about each other.
4. Maximum transparency, information on rates and the assets of those requesting money
