Investing

Lending Loop - peer to peer lending - do due diligence

  • Last Updated:
  • Nov 15th, 2017 3:41 am
Newbie
Sep 18, 2017
29 posts
34 upvotes
^^ sounds good. I’m now into 5 deals and finding it an interesting process.
Member
Jul 27, 2017
489 posts
138 upvotes
GTA
FUMONEY wrote:
Oct 19th, 2017 6:55 pm
^^ sounds good. I’m now into 5 deals and finding it an interesting process.
what is the average interest rate you are getting across the 5 deals?
Newbie
Sep 18, 2017
29 posts
34 upvotes
porticoman wrote:
Oct 19th, 2017 7:22 pm
what is the average interest rate you are getting across the 5 deals?
14.406 gross
12.906 net

So far I have deal ratings of A, B+, C+, D+, D
Member
Apr 9, 2012
435 posts
119 upvotes
Markham
I have over $20k in lending loop, the only thing I dislike is the amount of deal flows. There are so little deals now that anything they put up gets funded in like 3-4 days. There's a lack of option because there's a lot built up demand from cash sitting in all the accounts.

They need to bring more deals in.
Newbie
Sep 18, 2017
29 posts
34 upvotes
LOTS of deals in the last 2 weeks. Six currently funding and I am into 9 total since activating my account 2 weeks ago. If you want a $25 bonus for signing up with a $1,500 committment use my referral code b0c582
Deal Addict
User avatar
Mar 16, 2010
1541 posts
672 upvotes
Hamilton
Only part about this I don't like is how long it takes to get money into it. Makes it hard to jump on something when it takes a week to transfer money, unless you have it just sitting on their platform.
Deal Addict
Nov 9, 2013
1901 posts
664 upvotes
Edmonton, AB
atang810 wrote:
Oct 20th, 2017 10:06 am
I have over $20k in lending loop, the only thing I dislike is the amount of deal flows. There are so little deals now that anything they put up gets funded in like 3-4 days. There's a lack of option because there's a lot built up demand from cash sitting in all the accounts.

They need to bring more deals in.
Personally I wouldn't want them to sacrifice quality for quantity. If this was to happen, defaults may increase, which is obviously not in the investors best interest.
Deal Addict
Oct 1, 2004
4149 posts
269 upvotes
Toronto
atang810 wrote:
Oct 20th, 2017 10:06 am
I have over $20k in lending loop, the only thing I dislike is the amount of deal flows. There are so little deals now that anything they put up gets funded in like 3-4 days. There's a lack of option because there's a lot built up demand from cash sitting in all the accounts.

They need to bring more deals in.
How much are the accounts insured for?
Sr. Member
Nov 13, 2013
714 posts
245 upvotes
OTTAWA
treva84 wrote:
Oct 25th, 2017 2:43 pm
Personally I wouldn't want them to sacrifice quality for quantity. If this was to happen, defaults may increase, which is obviously not in the investors best interest.
They could also offer lower rates to borrowers to attract higher quality and/or more clients. The demand from investors is clearly there so they can bring the rates into the single digits and still get sufficient interest.

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