Peer to Peer Lending
The domain name ireloans.com is for sale at Sedo
Ireloans.com will allow YOU to
loan money to and from other irish
people. Yes, no banks. Itís all about community.
Anybody can post a request for a
loan online. Ireloans will check the the credit report and validate the identity of the
borrower. Then the request will be published and lenders can bid to invest.
Once the requested amount is funded, Ireloans pays
the amount to the borrower and collects the monthly repayments.
You will likely get a better rate
then at your bank. In fact you can set your own rate! Select the amount you
need (maximum 12500 Euro) and the payback period (18, 24 or 36 months). You
avoid the hassles of bank fees by reaching out to the community instead.
You select who gets your money.
Want to help a young student? Or rather someone struggling with credit card
debt? Just browse the descriptions of loan requests.
By cutting out the bank as
middleman you will get better returns on your money. Start helping your fellow Irish
citizens with as little as 100 Euro minimum bid. You
will be able to diversify by bidding on different loans.