Borrowing without banks

Not long ago, if you needed a loan, you didn’t have many options. You apply for a personal loan at a bank or credit union, which meant filling out a bunch of paperwork and likely getting turned down. Or you could use a credit card cash advance, providing your credit limit was high enough and you could afford the ridiculous interest rates.

These days, however, there are more, and sometimes better, options. For example, peer-to-peer lending. Instead of going to a bank, you cut out the middleman and borrow directly from small investors. Interest rates may be lower than what you’d qualify for at a traditional lender, with fewer hoops to jump through, though you will still need to provide your personal information and undergo a credit check as you would with any loan.

Lending Club is one of the most popular sources for peer-to-peer personal loans. If you sign up for through the links below, we’ll get a referral fee which we’ll put to use publishing more free content, but we wouldn’t link to anyone we wouldn’t otherwise recommend.


Lending Club

Personal loans for up to $40,000

  • Apply online in minutes.
  • Get funded in a few days.
  • Make fixed monthly payments.

Apply Here