Loan and Credit offers P2P loans. That is, Person-to-person loans. Which also goes by the name peer-to-peer loan. Where you as a private person can lend money to other people. In this guide we wrote a little about this and hope to help you get answers to your questions. Fortunately, Loan and Credit is a very good and clear website that we can guide you through.
Whether you are borrowing money or borrowing money through Loan and Credit, we advise you to check out the Loan and Credit review guide where you can read what visitors before you think about Loan and Credit. Are they good or bad?
This is the way to borrow money through Loan and Credit
Loan and Credit offers so-called Person-to-person loans. Which also goes by the name peer-to-peer loan. This means that you as a private individual lend money to other private individuals. Loan and Credit is the intermediary between the two and handles all the administrative. They review loan applications, draw up agreements, pay out loans and take care of the payments.
It is free to apply for a loan
It is completely free of charge to register with Loan and Credit and apply for a loan. If your loan is then approved and is fully financed by those who want to lend money to you, you will only then pay an intermediary fee for your new loan.
You are assigned a credit class AE
You are assigned a credit class of 5 when you apply for a loan with Loan and Credit. It starts with credit class A which is the highest credit rating and ends with E which is the lowest. Thus A, B, C, D and E. You get the credit class and interest rate based on Loan and Credit’s assessment of your repayment capacity of the loan.
The interest rate is set according to the credit class and after the repayment period on the loan. The application is carefully examined and only those with good credit rating are approved.