Australia: Lending Hub P2P Lending Service Launches

Today Lending Hub announced the launch of the p2p lending service aimed at loans between family and friends. Lending Hub is a private Australian company based in Sydney (Read earlier coverage by P2P-Banking.com on Lending Hub, including a guest article by Director Ivan Martelli).

Lending Hub loans are 3 year unsecured loans. Currently most loans listed seem to be example loans.

Lending Hub fees for borrowers are a listing fee of 30 AUS$ plus a settlement fee upon funding ranging from 1.25% to 4%, depending on credit grade. Lenders pay a fee between 1% and 3% of each repayment depending on credit grade.