MyFinances.co.uk
News feeds Free newsletter

All the latest personal finance news - helping you make the most of your money

Compare savings & investments

Social lending

Social lending is a recent internet-based financial phenomenon whereby people lend and borrow money from each other with no bank involvement whatsoever.

Lenders and borrowers are able to choose who, how much and at what rate they lend or borrow guaranteeing superior rates for both sides. Effectively an online financial marketplace, social lending, also known as person-to-person lending, is an attractive alternative to traditional savings accounts with banks that could provide you with far greater returns on your savings.However, it can be difficult to know what to look for and how to go about finding the best deal for you.

myfinances.co.uk is here to help by comparing internet social lending for you so you don’t have to, saving you time and finding you interest rates you previously thought unattainable. Check our best buys table for the best online social lending available in the UK.

Related articles 

Find a savings account from... 

    Check our directory of savings and investment companies for the latest savings account offers, information on leading savings account providers and investment companies, and start comparing savings accounts from across the UK market.

Disclaimer:
myfinances.co.uk is not authorised to give advice under the Financial Services and Markets Act 2000.

Terms:
By using this site, you are deemed to have accepted our terms of use.

myfinances poll 

myfinances.co.uk is running a poll to get your thoughts on stamp duty and its possible suspension to boost the property market.