loan

P2P Lending in Denmark offered by Fairrates.dk

wiseclerk

Today I received an email from Arkadiusz Hadjuk of Fairrates.dk informing me, that his company started to offer p2p lending in Denmark. Most of the following information was supplied by him.

At Fairrates.dk:

  • There are individual listings, both lending and borrowing
  • There are no groups
  • There is auction bidding down interest rates, both lending and borrowing
  • In case of non-payment (for over 1 month) a lender is assisted with
    a collection procedure
  • Minimum loan is 1000 DKK (approx. 135 Euro; approx $100)
  • There is no maximum a lender can lend
  • Maximum per loan is 50.000 DKK (approx. 6700 Euro; approx. $5100)
  • Borrower can request minimum 1000 DKK
  • Borrower can request maximum 50000 DKK until his income information
    is verified – then the limit is lifted up
  • Minimum bid is 1000 DKK
  • Only people over 18 years old with Danish CPR number and Danish bank
    account can lend/borrow
  • No interest on unlend deposits
  • Simple fee structure (borrower pays 1% of loan amount)
  • Risk assessment is based on information and documentation provided
    by borrowers.

I did technorati and Google searches for additional information. Since I don't speak Danish I could not find much additional information, only a profile of Arkadiusz Hadjuk and a CV of Robert Pawel Bialek (CEO).

Judging by forum activity at Fairrates.dk there is not much traffic yet.

CommunityLend to offer p2p lending in Canada

wiseclerk

CommunityLend.com has announced the start of p2p lending in Canada on the site in fall 2007 enabling person to person lending without a bank as the middlemen, thereby eliminating banking fees. It promises lenders higher returns and borrowers lower interest rates and flexible payment options on loans. It aims to 'revolutionize the way lending works in Canada'. 

Earlier it will launch a working pre-view which allow users to test drive the site without using real money. CommunityLend expects useful user feedback during this work preview which it plans to use to enhance the site until the launch date.

CommunityLend is driven by an impressive team which includes Michael Garrity (Founder and President), ex-Bank of Montreal exec and BankWatch blogger Colin Henderson and John Philip Green, currently Director of Engineering at Affinity Labs and Co-Founder of of Savvica and Rapleaf.

CommunityLend profits as it can pick the best form the existing models (Prosper, Zopa). It will not just replicate one site. Few is known about the plans, but the announcement states that Community Lend will include auctions and groups (as does Prosper) as well as selectable paypack periods (as does Zopa).

Sources: p2p-kredite.com and others

P.S.: If you blog about this a link back here would be appreciated. Thank you!

Permalink:https://www.p2p-banking.com/uncategorized-communitylend-to-offer-p2p-lending-in-canada/
Trackback:https://www.p2p-banking.com/uncategorized-communitylend-to-offer-p2p-lending-in-canada/trackback/

Communitylend preview