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YM

Edited 21 Jul 2024

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General Investing

Thoughts about peer-to-peer lending? There are a number of reviews in 2020 on P2P Lending platforms as well as seedly members sharing their views and experiences. Don’t see it currently though.

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Benjamin Cheong

17d ago

BSc Business at Singapore University of Social Sciences

Why do the borrowers resort to P2P Lending/Moneylenders with high interest rates, as compared to the bank's?

Chances of such customers have high risks of default and non-payment, and there is no plausible way for you to claim back your money.

Do your own due diligence.

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Nigel

Edited 02 Aug 2024

Lack of regulation and transparency-- not recommmended

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Diana Khoo

26 Jul 2024

Please dont invest on peer to peer lending. many of the clients has defaulted and i lost a lot of mo...

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I came across the "Peer-to-peer lending platforms" and was wondering if there is anyone who has tried this as an investor and if anyone could share his/her experience?

Is it advisable for newbies with no investment experience to try P2P Lending (e.g Funding Societies)? Anyone using the platform can share their experience (returns, default rates)? Able to recover your capital if there is default?

In your honest opinion, for those who have tried peer-to-peer lending platforms such as Funding Societies, which one is the most reliable, in terms of the information presented, e.g. the risks?

Have you heard about Peer to Peer lending (P2P). Do you currently invest in them as an asset class?

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